What are the Key Opportunities for Polybutylene Terephthalate Manufacturers

Worldwide consumption for polybutylene terephthalate (PBT) is expected to reach 1,150 kilo tons in 2018, according to Fact.MR valuation. Overall growth of the PBT market can be attributed to,
• Extensive application of PBT formulations across end-user industries
• Increasing demand for bio-based plastic and development of biodegradable and recyclable forms of PBT

For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=2406&utm_source=openpr&utm_medium=Prasad

• Growing utilization in electronic components whose production is rising on the back of the fast-growing vehicle electrification landscape
• Significant R&D investments focused on improving PBT formulations for greater functional properties

As per Fact.MR valuation, the steadily rising PBT consumption across the globe is expected to witness an increase of over 50 kilo tons, growing at the rate of 4.8% in 2018 over 2017.

“The landscape of engineering thermoplastic polymers is gaining center stage owing to their superior performance and functional properties. Global consumption of PBT is set to rise on the back of increasing importance of PBT in multiple applications of electronics and automotive industries. Buoyancy in the automotive sector and expansion of the electronics industry have regained the declining sales of PBT in the past decade. In 2018, PBT sales are expected to generate over US$ 2.5 billion market revenues,” says a senior analyst at Fact.MR.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2406&utm_source=openpr&utm_medium=Prasad

Electrical and Electronics Industry Holds Sway with Two Fifth Volume Share in 2018

Fact.MR study shows that demand for PBT in the electrical & electronics industry will hold nearly 40% of the global consumption in 2018. The electronics industry landscape is growing at a rapid pace against the backdrop of increasing reliance on electrical components across industrial verticals. PBT resins and PBT formulations provide greater performance in terms of dimensional stability, heat resistance and higher stiffness.

Increasing consumption of PBT in electronic components can also be attributed to ongoing miniaturization of electronic components where engineering thermoplastics polymers find extensive application. Fact.MR shows that ranging from insulations to connectors rising incorporation of PBT in electronic components is expected to consume over 450 kilo tons of PBT in 2018 and the consumption rate is growing at 5.1% over 2017.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2406?utm_source=openpr&utm_medium=Prasad

PBT Consumption in Automotive Industry to Grow at Over 5% y-o-y in 2018

Fact.MR finds that buoyancy in the automotive industry will fuel the PBT consumption wherein demand for fuel-efficient and light-weight vehicles continue to increase industry’s reliance on plastic. With the ongoing electrification of vehicles, the number of electronic components in electric automobiles has increased dramatically. As the design of electric vehicles requires more efficient and high-powered electronic components, consumption of PBT in the EV landscape will grow steadily.

Read More Trending and Similar Reports from Fact.MR – https://www.prnewswire.com/news-releases/concrete-floor-coatings-sales-to-peak-amid-resumption-of-critical-global-infrastructure-projects-factmr-301225831.html

APEJ’s PBT consumption is consolidated in Greater China and will account for over 62% of the regional consumption. Further, flourishing electrical & electronics industry and rapidly growing automotive industry will collectively occupy three fourth of the APEJ consumption in 2018.

The Fact.MR report tracks the Polybutylene terephthalate market for the period 2018-2027. According to the report, the PBT market is projected to grow at 5.6% CAGR through 2027.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/800/pbt-market

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.