Automotive Short Glass Fiber Reinforced PBT Market Eyes USD 1.5 Billion Valuation in 2018, Expected to Grow at 5.8% CAGR to Reach Billions by 2028, Fueled by Rising Electric Vehicle Demand

The rapidly expanding Automotive short Glass Fiber Reinforced PBT market, valued at USD 1.5 billion in 2018, is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.8% and reach an estimated value of several billion dollars by 2028. Contributing factors towards market growth include an increased demand for lightweight vehicles and a surge in the penetration of electric vehicles. As per recent research from Dataintelo, the injection molding segment remains the most dominant in the automotive Short Glass Fiber Reinforced PBT market, and is projected to grow at a CAGR of 6% between 2018 and 2028.

Short Glass Fiber Reinforced PBT (Polybutylene Terephthalate) is primarily used in the automotive industry due to its high strength, durability, and resistance to heat and chemicals. The rise in demand for lighter, safer, and more fuel-efficient vehicles is expected to drive up the demand for PBT and thereby contribute to the growth of this market.

The research further indicates that the injection molding segment will continue to command the largest share of the automotive Short Glass Fiber Reinforced PBT market. This is due to the versatility of the process and its ability to produce complex shapes at a fast rate, making it highly suitable for the large-scale production common in the automotive industry.

Additionally, the growing penetration of electric vehicles globally is another potent factor that will considerably drive the growth of the short Glass Fiber Reinforced PBT market. As the need for lighter and more efficient components intensifies within the electric vehicle market, this too is likely to spur further growth in the PBT market.

The report from Dataintelo offers an insightful analysis of the automotive short Glass Fiber Reinforced PBT market, examining key market trends, growth drivers, challenges, and opportunities for stakeholders and market leaders

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/232888

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The automotive short glass fiber reinforced pbt market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Injection Molding
● Extrusion Molding

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Roof Panel
● Body Panels
● Chassis
● Engine Components
● Electrical Systems
● Interior Components
● Others

𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞
● Passenger Cars
● Commercial Vehicles
● Electric Vehicles

𝐒𝐚𝐥𝐞𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
● OEMs
● Aftermarket

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● BASF
● Lanxess
● DSM
● SABIC
● PolyOne
● DuPont
● Solvay
● Hexion
● Celanese
● RTP
● SI Group
● Sumitomo Bakelite
● Evonik
● Daicel
● Kolon
● Denka



In terms of segment analysis, the automotive short glass fiber reinforced PBT market is broken down into several categories such as injection molding and extrusion molding. Injection molding is a popular method for manufacturing parts by injecting molten material into a mold, and is generally preferred for mass production. On the other hand, extrusion molding is a process used to create objects of a fixed cross-sectional profile. Application-wise, automotive short glass fiber reinforced PBT can be used in various areas including roof and body panels, chassis, engine components, electrical systems, and interior components. Depending on vehicle type, this market caters to passenger cars, commercial vehicles, and electric vehicles. In terms of sales channel, the market involves OEMs and aftermarket services.

From a regional perspective, the Asia Pacific market could potentially lead given the region's booming car industry, powered by countries like China, Japan, India, and South Korea. North America is another significant player, given the robust automotive industry in the United States and Canada. Moreover, Europe has a robust automotive market, with key players such as Germany, France, and the UK contributing a considerable share to the automotive short glass fiber reinforced PBT market. Latin America, with its emerging economies, is expected to witness growth as well. Lastly, the Middle East & Africa, though a smaller market, presents opportunities for growth, especially with countries like South Africa paving the way for expansion of the automotive industry. Key players in these regions include BASF, Lanxess, DSM, SABIC, PolyOne, DuPont, Solvay, Hexion, Celanese, RTP, SI Group, Sumitomo Bakelite, Evonik, Daicel, Kolon, and Denka

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/232888

Market Drivers for Automotive Short Glass Fiber Reinforced PBT Market:

1. Demand Increase: The increasing demand for lightweight materials in the automotive industry to enhance fuel efficiency and reduce carbon emissions is a major driver for the market.

2. Superior Properties: High strength, resistance to chemicals and heat, dimensional stability, and electrical properties of short glass fiber reinforced PBT enhance its usage in various automotive parts such as under the hood parts, dashboard components, and body parts.

3. Regulatory Compliances: Stricter regulations and norms relating to the vehicle's emission and fuel efficiencies have compelled automobile manufacturers to use lightweight and effective materials in vehicles.

Market Opportunities for Automotive Short Glass Fiber Reinforced PBT Market:

1. Electric Vehicles: With the increasing focus on electric vehicles, there is a significant opportunity for the short glass fiber reinforced PBT market. These materials can be used in various applications in electric vehicles, including battery pack parts and connectors.

2. Growth in Automotive Industry: The rapid growth in the automotive industry worldwide can present significant opportunities for players in this market.

3. Innovation and tech advancement: Development of innovative and cost-effective manufacturing techniques for short glass fiber-reinforced PBT can offer growth opportunities for players in the market.

4. Expansion in Emerging Economies: Expansion in emerging economies can be a potential market opportunity, as these regions are witnessing rapid urbanization and industrialization, leading to increasing demand for automobiles. This, in turn, is expected to boost the market for short glass fiber reinforced PBT.

5. Aerospace Sector: The aerospace sector represents a potential growth opportunity. The high strength-to-weight ratio of short glass fiber reinforced PBT makes it ideal for use in aircraft components

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/232888

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