The Global Polybutylene Terephthalate (PBT) 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.
The competitive landscape of the Polybutylene Terephthalate (PBT) market sees the participation of key manufacturers and vendors. The prominent players profiled in the report 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.
The report divides the Polybutylene Terephthalate (PBT) market based on types and applications/end-use to offer a complete understanding of the industry. On the basis of types, the market is segmented into
For the purpose of this report, Reports and Data have segmented into the global Polybutylene Terephthalate (PBT) market on the basis of product type, refrigerant type, application, and region:
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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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.
- In regards to the region, Europe held 29.0% of the market in 2018, with a CAGR of 6.4% during the forecast period. The market share held by the region is attributed to the well-established automotive industry, growing electronics sector and continuously increasing demand for consumer goods, which is supporting the expansion of the market in this region…Continued
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