The Global Polybutylene Terephthalate market is forecast to reach USD 70.94 Billion by 2027, according to a new report by Reports and Data. Polybutylene terephthalate or PBT is a semi-crystalline, synthetic, engineered thermoplastic with similar composition and properties to polyethylene terephthalate (PET). PBT is a shares features with other thermoplastic polyesters, and it is a part of the polyester group of resins. PBT can be considered as a high-performance material with high molecular weight. It is often characterized as stiff, strong, engineerable plastic. Its color variations range from white to bright colors, making it adaptable for a wide range of applications. Its high demand in automotive, electronics and electrical components are fostering the growth of this industry. In the case of outdoor uses having the concern of fire, additives are added to PBT to enhance its flammability and UV properties. The scope of these modifications makes PBT appropriate for various industrial applications.
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Further key findings from the report suggest
- The Polybutylene Terephthalate market held a market share of USD 41.17 Billion in the year 2018 that is forecasted to grow at a rate of 6.2% during the forecast period.
- In context to Type, the PBT resin segment is projected to witness a significant growth rate of 7.0% during the forecast period, which is expected to hold 31.0% of the market by 2027. The growth rate witnessed by this segment is attributed to the growing demand for plastic fiber and increasing demand for resins in the automotive sector, wherein PBT resins are needed for manufacturing PBT fiber, and the base resin derived from it can be used in the automotive & electronics industry, contributing to the growth rate witnessed by this segment.
- In context to Processing Methods, the Injection Molding segment held the largest market share of more than 40.0% in 2018, with a CAGR of 6.4% during the forecast period. The market dominance of the Injection Molding segment is attributed to its various advantages like high efficiency, the scope of enhancing the strength of PBT by adding fillers and automation of the process that saves the manufacturing costs, which results in its high demand among the manufacturers of these thermoplastic material.
- In regards to Application, the Electrical & Electronics segment is projected to witness the fastest growth rate of 6.6% during the forecast period, which is expected to hold 37.2% of the market by 2027. The growth rate witnessed by the Electrical & Electronics segment is attributed to the traits of PBT is excellent electrical and mechanical properties, making it appropriate for this application. Its effective electrical resistance properties, excellent dimensional stability, and flame retardant properties along with growing demand for electrical products in the Asia Pacific region, is contributing to the growth rate of this segment.
- Key participants include BASF SE, A.Schulman Inc, Chang Chun Plastics Co. Ltd, Celanese Corporation, Clariant, China National Bluestar (Group) Co. Ltd, Evonik Industries AG, DuPont, Mitsubishi Engineering Plastics Corporation and Polymer Technology and Services LLC.
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Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- PBT compound
- PBT resin
Processing Methods Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Injection Molding
- Extrusion
- Blow molding
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Automotive
- Electrical & Electronics
- Extrusion Products
- Household Appliances
- Others
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Polybutylene Terephthalate (PBT) Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Polybutylene Terephthalate (PBT) Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Polybutylene Terephthalate (PBT) Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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