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Polybutylene Terephthalate Market Size, Share | Industry Report2024
Polybutylene Terephthalate Market
Increasing plastics consumption in automotive electronic components in order to reduce overall vehicle weight and reduce carbon footprints is anticipated to foster polybutyelene terephthalate market over the forecast period. Rising automotive sales due to increased household income in Asia-Pacific region is a key factor driving polymer demand upwards.
PBT finds wide application scope in automotive industry ranging from electrical system components such as windshield wipers, vents, handles, fuel system components, mirror housings to ignition system components. PBT can be blended with acrylonitrile styrene acrylate (ASA) and polyethylene terephthalate (PET) to obtain high-performance blends.
It is also used extensively in electrical & electronics industry due to excellent dimensional stability along with flame retardant properties. Miniaturization of electronic devices and components is another factor uplifting PBT demand for specific applications. Countries including India, Brazil, Thailand, Indonesia and Saudi Arabia have witnessed significant growth of electronics industry.
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Key findings from the study: -
• PBT finds wide application scope in automotive industry ranging from electrical system components such as windshield wipers, vents, handles, fuel system components, mirror housings to ignition system components.
• Asia Pacific polymer consumption has grown at a prolific rate driven my strong economic and industrial growth in key countries such as China, India, Indonesia, Thailand, and Vietnam.
• Major companies operating in the global market space include BASF SE, Bluestar, Chang Chun, DuPont, Lanxess AG, Mitsubishi Chemical Corporation, SABIC, TICONA, Toray Chemicals, Wintech, DSM Engineering Plastics, and Almaak International GmbH.
Ameri Research has segmented the Polybutylene Terephthalate Market by material categories, product type, end-use and region:
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