Polybutylene Terephthalate (PBT) Market Next Big Thing with Innovation by 2027 | A.Schulman Inc., BASF SE, Celanese Corporation, Chang Chun Plastics Co. Ltd

Global Polybutylene Terephthalate (PBT) Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The market for polybutylene terephthalate (PBT) is expected to grow at a CAGR of more than 5% during the forecast period of 2019-2024. Rising demand for lightweight automobiles and the growing demand for PBT in electrical applications are the major factors driving the market studied. However, competition from other engineering plastics is expected to hinder the growth of the market studied.

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Top Leading Manufactures:

A.Schulman Inc., BASF SE, Celanese Corporation, Chang Chun Plastics Co. Ltd., China National Bluestar (Group) Co. Ltd., Clariant, DowDuPont, Industries AG, Lanxess, Mitsubishi Engineering Plastics Corporation, Nan Ya Plastics, Polymer Technology And Services LLC, Polyone Corporation, Polyplastics Co., Ltd, 6.4.15 Royal DSM N.V., 6.4.16 RTP Company, 6.4.17 SABIC, 6.4.18 Sipchem, 6.4.19 Toray Industries Inc.

Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa

Industry Detailed Analysis:

Increasing Demand from Automotive Sector

- PBT, owing to its superior material characteristics, such as heat resistance, strength-to-weight ratio, and chemical stability, is increasingly being used to replace traditional materials, including bronze, stainless steel, cast iron and ceramics in the automotive industry.

- Lightweight plastics are in high demand in the transportation industry due to their competitive pricing, high performance, style, reliability, strength, and safety. Plastic components weigh almost 50% lesser than similar components made from other materials, thus, providing 25%-35% improvement in fuel efficiency, which is a key factor in the automotive and transportation industries.

- In automotive and other transportation facilities, PBT allows for energy absorption, weight reduction, shock absorption for bumpers, restriction of explosion risks in fuel tanks, seat belts, airbags, door & seat assemblies, subsystems, bumpers, under-bonnet components, exterior trim, and various other applications.

- Moreover, PBT is providing manufacturers with major added advantages, including no corrosion, noise-reduction, and low wear & tear, along with resultant increased component and vehicle life. Thereby, they have gradually become an integral part of the automotive industry.

- PBT can be used in interior and exterior applications, especially in electric systems in the automotive. The most common applications include windshield wiper covers, mirror housings, cowl vents, handles, fans, fuel system components, connectors, sensor housings, fuse boxes, actuator cases, power relays, switches, motor components, and ignition system components.

- With the growing automotive industry, the consumption of PBT is projected to increase over the forecast period.

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Competitive Landscape:

The PBT market is partly consolidated and is dominated by very few players. Some of these major players include DowDuPont, A.Schulman Inc., BASF SE, Industries AG, and Toray Industries Inc, among others.

Major points covered in this research are:-

─Polybutylene Terephthalate (PBT) Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2024), Competition by Manufacturers

─Global Market Size (Value) of Polybutylene Terephthalate (PBT) (2020-2024)

─Global Polybutylene Terephthalate (PBT) Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2024)

─Global Polybutylene Terephthalate (PBT) Production, Revenue (Value), Price Trend by Type

─Global Polybutylene Terephthalate (PBT) Market Analysis by Application

─Global Polybutylene Terephthalate (PBT) Manufacturers Profiles/Analysis

─Polybutylene Terephthalate (PBT) Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global Polybutylene Terephthalate (PBT) Market Forecast (2020-2024)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Polybutylene Terephthalate (PBT) report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Polybutylene Terephthalate (PBT) product development, and gives an outline of the potential Global market.

Irfan Tamboli (Head of Sales) – Market Insights Reports
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irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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