Polybutylene Terephthalate Market Poised for Substantial Growth (2024-2031) | BASF SE, Chang Chun Group, Hengli Group Co., Ltd.

Polybutylene Terephthalate Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Global Polybutylene Terephthalate (PBT) Market reached US$ 3.0 billion in 2022 and is expected to reach US$ 4.9 billion by 2031, growing with a CAGR of 6.6% during the forecast period 2024-2031.

Polybutylene Terephthalate (PBT) is a high-performance, semi-crystalline thermoplastic polymer known for its excellent mechanical strength, heat resistance, and electrical insulating properties. It is widely used in automotive components, electrical connectors, consumer electronics, and industrial applications due to its durability, chemical resistance, and dimensional stability. PBT also offers good moisture resistance and flame retardancy, making it ideal for demanding environments.

List of the Key Players in the Polybutylene Terephthalate Market:

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.

Industry Development:

On February 14, 2023, Polyplastics Group introduced DURANEX PBT 201EB, an electrically conductive variant of DURANEX polybutylene terephthalate (PBT) for millimeter-wave radar applications in the automotive sector. This material combines electrical conductivity with electromagnetic wave shielding, reducing assembly efforts and production costs.

On February 23, 2022, BASF (Malaysia) Sdn Bhd expanded its manufacturing capacity by 5,000 metric tons annually for Ultramid polyamide (PA) and Ultradur polybutylene terephthalate (PBT) products. The debottlenecking of BASF's Pasir Gudang, Malaysia, facility is expected to be completed in Q2 2023.

On June 23, 2021, Celanese Corporation acquired polyacetal (POM) manufacturing technology from Grupa Azoty S.A. in Poland after the latter ceased POM production. Celanese will assume Tarnoform contracts to ensure customer service continuity.

Growth Forecast Projected:

The Global Polybutylene Terephthalate Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Polybutylene Terephthalate Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Polybutylene Terephthalate Market:

By Type: Reinforced Polybutylene Terephthalate, Unreinforced Polybutylene Terephthalate

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

By End-User: Automotive, Packaging, Electrical & Electronics, Consumer Goods, Machinery, Building and Construction, Aerospace, Others

Regional Analysis for Polybutylene Terephthalate Market:

The regional analysis of the Polybutylene Terephthalate Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Polybutylene Terephthalate market?

➠ Who are the leading manufacturers in the global Polybutylene Terephthalate industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Polybutylene Terephthalate industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Polybutylene Terephthalate market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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