Polybutylene Terephthalate (PBT) Market to Reach US$ 3,583 Million by 2028 | Top Companies (BASF SE, Celanese Corporation, Chang Chun Group, Clariant AG)

According to the latest report by IMARC Group, titled "Polybutylene Terephthalate (PBT) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global polybutylene terephthalate (PBT) market size reached US$ 2,816 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,583 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Polybutylene terephthalate (PBT) refers to a thermoplastic engineering polymer, which is a semi-crystalline material with higher mechanical strength, stiffness, and hardness. It has excellent electrical insulation properties, good chemical resistance, and superior dimensional stability. It is processed by injection molding and extrusion techniques and can be modified by adding fillers, reinforcements, and other additives to enhance its properties. It is widely used with other materials, such as glass or carbon fiber, to create stronger and more durable components. The demand for PBT is increasing across the globe due to its strong and durable properties that can withstand high temperatures and pressure and its excellent chemical resistance that does not corrode easily.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Demand:

The escalating demand for polybutylene terephthalate (PBT) from the industrial sector majorly drives the global market. This can be supported by the widespread product adoption to manufacture automotive, electrical, electronics, and consumer goods. For instance, it is widely used in the production of brake and fuel lines, engine parts, and fuel tank connectors due to its excellent impact strength. The market is further driven by the widespread utilization of PBT in the manufacturing of electrical components such as switches, connectors, and relays. Apart from this, manufacturers are using sustainable green materials to design PBT systems that are biocompatible, biodegradable, and environmentally friendly, this is acting as a growth-inducing factor. Some of the other factors driving the market include rapid industrialization and extensive research and development (R&D) activities.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• BASF SE
• Celanese Corporation
• Chang Chun Group
• Clariant AG, Daicel Corporation
• DuPont de Nemours Inc.
• Evonik Industries AG
• Koninklijke DSM N.V.
• Lanxess AG
• LG Chem Ltd.
• Mitsubishi Chemical Corporation
• Nan Ya Plastics Corporation
• Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
• Saudi International Petrochemical Company (Sipchem)
• Toray Industries Inc

Key Market Segmentation:

Breakup by Type:

• Industrial Grade
• Commercial Grade

Breakup by Processing Method:

• Injection Molding
• Extrusion
• Blow Molding
• Others

Breakup by End-Use Industry:

• Automotive
• Extrusion Products
• Electrical and Electronics
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• The Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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