Polybutylene Terephthalate (PBT) Market is Expected to Witness Healthy Growth at 6% CAGR through 2031

Newly released polybutylene terephthalate (PBT) industry analysis shows that global demand enjoyed year-on-year (YoY) growth of 5.7% in 2021, to total 1,309 KT. In terms of value, 30% reinforced PBT displayed growth of 5.8% to be valued at US$ 1 Bn, while >50% reinforced PBT was up 4.8% to reach a valuation of US$ 273 Mn.

Click Here To get a Sample Report (Including Full TOC, Table & Figures):-https://www.factmr.com/connectus/sample?flag=S&rep_id=2406

Market Segments Covered in PBT Industry Analysis

By Type

Reinforced Polybutylene Terephthalate
15% Reinforced (GF) Polybutylene Terephthalate
30% Reinforced (GF) Polybutylene Terephthalate
50% Reinforced (GF) Polybutylene Terephthalate
>50% Reinforced (GF) Polybutylene Terephthalate
Unreinforced Polybutylene Terephthalate

By Processing Method

Injection Moulding Polybutylene Terephthalate
Extrusion Polybutylene Terephthalate
Others

By End Use

Polybutylene Terephthalate for Automotive
Body Panels
Ignition Coil Bobbins
Covered Insulations
Exhaust System part
Ignition System
Others

Polybutylene Terephthalate for Packaging

Food Products
Cosmetics
Polybutylene Terephthalate for Electrical & Electronics
Transformer Coil Bobbins
Adapter Coil Bobbins
Deflection Coils
CRT & Potentiometer Stands
Switching connectors
Motor Cover and Bushings
Others

Polybutylene Terephthalate for Consumer Goods

Sporting Goods
Kitchen Appliances
Others

Polybutylene Terephthalate for Machinery
Transport machinery parts
Sewing Machines
Textile Machinery Parts
Power Tool Parts
Others

Need More information about Report Methodology? Click here:-https://www.factmr.com/connectus/sample?flag=RM&rep_id=2406

Some Notable Offerings by Fact.MR Report on Polybutylene Terephthalate (PBT) market:

• Fact.MR will provide you an analysis of the extent to which this Polybutylene Terephthalate (PBT) market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

Some of the Polybutylene Terephthalate (PBT) Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:

• Details regarding latest innovations and development in Polybutylene Terephthalate (PBT) and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Polybutylene Terephthalate (PBT) Market .
• Insights about adoption of new technologies and its influence on the Polybutylene Terephthalate (PBT) market Size.
• Overview of the impact of COVID-19 on Polybutylene Terephthalate (PBT) Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Polybutylene Terephthalate (PBT) Market during the forecast period.

To get all-in insights on the regional landscape of the Polybutylene Terephthalate (PBT) Market, Buy Now:-https://www.factmr.com/checkout/2406

How Has the COVID-19 Pandemic Impacted Sales of PBT across the Globe?
Despite decline in sales of PBT in FY2020, investors’ confidence level is firm owing to the strong potential of PBT. Major investors in China and Europe have pinned their hopes on the market owing to less demand in FY2020 and speculations of a surge going ahead.

Speculation has surged production and also normalized inventory volumes, thus providing a thrust to PBT prices in Q1 of FY2021. Prices are anticipated to reach a nominal level by the mid of Q2 FY2022.

Why is Reinforced PBT the Most Utilized in Several Applications?
Demand for reinforced polybutylene terephthalate is expected to register a CAGR of 6.3% over the forecast period and account for over 80% of the global market share in terms of value by 2031.

Reinforced PBT is the prominent PBT type available in the market. Besides, the demand for 30% reinforced PBT has gain traction in the past half-decade. It is expected to grow at a CAGR 6.7% and anticipated to be valued over US$ 1.9 Bn by 2031.

Compared to unreinforced PBT type, it is proven that all grades of reinforced PBT (15%, 30%, 50% and >50%) are more effective in terms of product manufacturing. As such, demand for unreinforced polybutylene terephthalate is less.

After reading the Market insights of Polybutylene Terephthalate (PBT) Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Polybutylene Terephthalate (PBT) market revenue.
• Study the growth outlook of Polybutylene Terephthalate (PBT) market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Polybutylene Terephthalate (PBT) market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Polybutylene Terephthalate (PBT) Market Players.

Read More Trending Reports of Fact.MR:-https://www.einpresswire.com/article/556506843/growing-of-polyurethane-structural-insulated-panels-is-projected-to-take-demand-growth-at-5-cagr-over-the-next-10-years

Key Takeaways from Market Study

The global PBT market is anticipated to expand at a CAGR of over 6% during 2021-31, and is expected to create an absolute $ opportunity worth US$ 2.5 Bn in the same timeframe.

Demand for PBT is mainly driven by its increased usage in industries such as electrical and electronics, automotive, and consumer goods.

East Asia along with Europe has driven the consumption of PBT during the historical period, and cumulatively accounted for over 75% market share in 2020.
North America is one of the emerging market growing at a fast pace, and is expected to progress at a CAGR more than 5% through 2031.

On the basis of processing method, the market is projected to be dominated by the injection molding method, which will account for around 70%% market share by 2031.

Explore Fact.MR’s Comprehensive Coverage on Chemical & Materials Landscape

Liquid Polybutadiene Market-https://www.factmr.com/report/4143/liquid-polybutadiene-market

Polymer Seals Market-https://www.factmr.com/report/586/polymer-seals-market

Die Bonding Pastes Market-https://www.factmr.com/report/die-bonding-pastes-market

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website: https://www.factmr.com

About Fact.MR
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. We have offices in US and Dublin, whereas our global headquarter is in Dubai. 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. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.