Polybutylene Terephthalate Market Market Size, Share, Trends, and Forecast from 2024 to 2031 | BASF SE, Chang Chun Group, Hengli Group Co., Ltd

Polybutylene Terephthalate (PBT) Market is expected to reach a CAGR of 6.6% By 2031

The objective of the market research report on the Polybutylene Terephthalate Market is to deliver a comprehensive analysis of the market, featuring insightful observations, statistics, historical data, and industry-validated insights. Additionally, it aims to provide forecasts based on robust assumptions and methodologies. This study enhances the understanding of global Polybutylene Terephthalate market dynamics and structure by segmenting and analyzing various market sectors while estimating the overall market size.

Furthermore, the report explores the competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach.

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The polybutylene terephthalate (PBT) market refers to the sector involving the production, distribution, and application of polybutylene terephthalate, a type of thermoplastic engineering polymer. PBT is known for its excellent mechanical properties, thermal stability, and resistance to chemicals and moisture, making it suitable for a wide range of applications. Common uses of PBT include automotive components, electrical and electronic parts, consumer goods, and industrial applications. The market dynamics are influenced by factors such as demand in various industries, advancements in manufacturing technologies, and trends in material sustainability and recyclability.

Market Players
Companies are mainly concentrating on strategies like new product launches to enter the fastest-growing emerging markets worldwide. Key players highlighted in the Polybutylene Terephthalate market research report include: • BASF SE, Chang Chun Group
• Hengli Group Co., Ltd.
• SABIC
• Celanese Corporation
• Polyplastics Co., Ltd.
• Evonik Industries AG
• Koninklijke DSM N.V.
• Lanxess AG and Mitsubishi Chemical Corporation.

Key Developments:

On February 14, 2023, Polyplastics Group launched a new electrically conductive variant of DURANEX polybutylene terephthalate (PBT) specifically designed for millimeter-wave radar applications in the automotive industry. DURANEX PBT 201EB not only offers electrical conductivity but also provides electromagnetic wave shielding, enhancing assembly efficiency and reducing production costs.
On February 23, 2022, BASF (Malaysia) Sdn Bhd announced an expansion of its manufacturing capacity for Ultramid polyamide (PA) and Ultradur polybutylene terephthalate (PBT) products by 5,000 metric tons annually. The debottlenecking of BASF's production facility in Pasir Gudang, Malaysia, is expected to be completed in Q2 2023.

On June 23, 2021, Celanese Corporation, a global leader in chemical and specialty materials, acquired technology related to the production of polyacetal (POM) products from Grupa Azoty S.A. in Tarnow, Poland, after Grupa Azoty ceased POM production. Celanese will take over all existing Tarnoform contracts to ensure continued customer service.

Market Segments

Market segmentation involves organizing customers into groups that respond similarly to marketing strategies. This is the crucial first step in creating a sales process that effectively appeals to diverse demographics. The market research report is divided into the following segments:

By Type: Reinforced Polybutylene Terephthalate (15% Reinforced, 30% Reinforced, 50% Reinforced, >50% Reinforced), Unreinforced Polybutylene Terephthalate

By Processing Method: Injection Molding, Blow Molding, Extrusion, Others

By End-User: Automotive (Body Panels, Ignition Coil Bobbins, Covered
Insulations, Exhaust System Part, Ignition System, Others), Packaging (Food Products, Cosmetics, Others), Electrical & Electronics (Transformer Coil Bobbins, Adapter Coil Bobbins, Deflection Coils, CRT & Potentiometer Stands, Switching Connectors, Motor Cover and Bushings, Others), Consumer Goods (Sporting Goods, Kitchen Appliances, Others), Machinery (Transport Machinery Parts, Sewing Machines, Textile Machinery Parts, Power Tool Parts, Others), Building and Construction, Aerospace, Others

Regional analysis

☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Ital, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Indonesia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Rest of South America
☞ Middle East and Africa

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**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

The research study aims to address the following key questions:

➡What is the expected growth rate of the Polybutylene Terephthalate Market during the forecast period of 2031?

➡What key factors are driving the Polybutylene Terephthalate Market across various regions?

➡Who are the leading vendors in the Polybutylene Terephthalate industry, and what strategies contribute to their success?

➡What is the Polybutylene Terephthalate market scope for the projected period?

➡What major trends are influencing the industry's growth in the coming years?

➡What challenges does the Polybutylene Terephthalate Market face?

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