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Polybutylene Terephthalate (PBT) Global Market Report 2025: Key Drivers, Market Trends, and Growth Projections
Polybutylene Terephthalate (PBT) Market
What Is The Projected Market Size Of The Global Polybutylene Terephthalate (PBT) Global Market Report 2025 And Its Growth Rate?
• The PBT market size, which has seen strong growth in recent years, is projected to expand from $2.5 billion in 2024 to $2.64 billion in 2025, reflecting a CAGR of 5.5%.
• Factors contributing to the historic period growth are adoption in new industries, global economic conditions, the rise in electric vehicle adoption, and advancements in material properties.
• The PBT market is expected to grow to $3.4 billion in 2029, with a CAGR of 6.5%, driven by the continuous focus on lightweight materials, shifts in the global economy, rising demand for electric vehicles, growth in consumer goods demand, and market expansion in the Asia-Pacific region.
What Is Driving The Growth In The Polybutylene Terephthalate (PBT) Global Market Report 2025?
The expansion of the automotive industry is projected to propel the growth of the polybutylene terephthalate market. The sector involves companies and activities dedicated to the manufacturing of motor vehicles and components, such as engines and bodies. Given its excellent durability under thermal stress and/or harsh chemical environments, polybutylene terephthalate is increasingly being adopted in automotive under-the-hood applications. In keeping with this, the global production of motor vehicles reached 85.4 million units in 2022, marking a substantial increase of 5.7% compared to 2021. Consequently, growth in the automotive industry is expected to drive the polybutylene terephthalate market.
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Who Are the Key Players Driving Polybutylene Terephthalate (PBT) Global Market Report 2025 Growth?
• Celanese Corporation
• Evonik Industries AG
• Saudi Basic Industries Corporation
• BASF SE
• Chang Chun Group
• DuPont de Nemours Inc.
• Lanxess AG
• Koninklijke DSM N.V.
• Nan Ya Plastics Corporation
• Toray Industries Inc.
• Mitsubishi Chemical Holdings Corporation
• Clariant AG
• Daicel Corporation
• LyondellBasell Industries Holdings B.V.
• Röchling SE & Co KG
What Are The Key Trends In The Polybutylene Terephthalate (PBT) Global Market Report 2025?
Key trends in the forecast period include:
• Increased demand in the automotive industry
• Rising applications in electronics and electrical fields
• Focus on sustainable and recyclable materials
• Advancements in material properties
• Trend towards miniaturization in electronics
What Are The Segments Of The Global Polybutylene Terephthalate (PBT) Global Market Report 2025?
The PBT market covered in this report is segmented by:
1) Type: Reinforced Polybutylene Terephthalate, Unreinforced Polybutylene Terephthalate
2) Processing Method: Injection Molding, Extrusion, Blow Molding, Other Processing Methods
3) End-User Industry: Automotive, Extrusion, Electrical And Electronics, Other End-User Industries
Which Region Leads The Polybutylene Terephthalate (PBT) Global Market Report 2025?
Asia-Pacific was the largest and fastest-growing region in the polybutylene terephthalate market in 2024. The report also covers other regions like Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Polybutylene Terephthalate (PBT) Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Polybutylene Terephthalate (PBT) Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Polybutylene Terephthalate (PBT) Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Polybutylene Terephthalate (PBT) Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Polybutylene Terephthalate (PBT) Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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