Tuesday, June 25, 2024

Polybutylene Terephthalate (PBT) Market Will Generate All New Growth Opportunities, Projected To Reach USD 70.94 Billion At A CAGR of 6.20%

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Market Overview According to a recent report by Reports and Data, the global market for Polybutylene Terephthalate (PBT) is projected to attain a value of USD 70.94 Billion by 2027. PBT is a thermoplastic material with a semi-crystalline structure, sharing properties similar to Polyethylene Terephthalate (PET). It falls within the Polyester polymer family.

PBT is produced through the polycondensation process involving Dimethyl Terephthalate or Terephthalic Acid and 1,4-Butanediol, utilizing specialized catalysts. It has the chemical formula (C12H12O4)n. This material finds widespread applications in various industries, including electrical, electronics, medical, and automotive, owing to its exceptional electrical and mechanical properties. PBT is recognized for its cost and weight efficiency, as well as its resistance to machining and staining. Its short-term mechanical characteristics include toughness, stiffness, high strength, and practical impact resistance, making it suitable for a wide range of applications and contributing to market growth. The expansion of the automotive sector and the growing demand for lightweight vehicles further drive the growth of the PBT market.

Get a sample copy of the Polybutylene Terephthalate (PBT) Market report, visit: https://www.reportsanddata.com/download-free-sample/2612

While positive market factors propel growth, competition from other engineering polymers and stringent plastic-related regulations could impede it.

Asia Pacific leads the market, driven by a burgeoning automotive industry in China and India, coupled with rising demand for electrical goods and consumer products.

Key Report Highlights The report spans statistical insights about the global PBT market from 2016 to 2027, utilizing 2016 and 2017 as historical data and 2018 as the base year. Forecasts extend from 2019 to 2027. The report estimates market size, traces historical and projected trends, analyzes alternative types, and assesses segment shares. It delves into regional regulatory frameworks, emerging research, and applications. Ongoing developments and the prevalence of PBT in various regions are outlined. The report examines the demand-supply gap, regional competitors’ pricing strategies, and market shares of key players. Strategic recommendations are provided for newcomers, considering market trends and estimations. Trends such as drivers, constraints, opportunities, threats, challenges, and investment possibilities are discussed. Key business segments are recommended based on market estimations. Competitive trends are depicted through landscape mapping. Company profiles feature strategies, finances, and recent developments.

Notable Market Trends The PBT market is anticipated to grow by 6.2% during the forecast period, reaching USD 70.94 Billion in 2027. Industry players promote growth via initiatives like expanding product lines. For instance, BAFS launched Ultradur® Barrier (B 1520 FC) to enhance oxygen barrier features, positively impacting both the company and sector growth. New product launches, such as Starester® HQ-II by Nantong Xingchen Synthetic Materials Co., Ltd., bolster industry positioning and market growth.

Featured Companies Key players include BASF SE, A.Schulman Inc, Chang Chun Plastics Co. Ltd, Celanese Corporation, Clariant, China National Bluestar (Group) Co. Ltd, Evonik Industries AG, DuPont, Mitsubishi Engineering Plastics Corporation, and Polymer Technology and Services LLC. These companies adopt strategies like new products, partnerships, acquisitions, and mergers to maintain their customer base and enhance market share.

Market Insights The PBT market was valued at USD 41.17 Billion in 2018, set to grow at 6.2% during the forecast period. PBT compound holds the majority share (over 70%) in the market, driven by its versatile composition and demand across end-users. Extrusion processing is expected to grow significantly at 6.6%, occupying 30% of the market by 2027 due to its advantages like flexibility and cost-efficiency. The Automotive segment dominates, holding over 40% of the market in 2018, attributed to the growing automotive industry and demand for lightweight vehicles. Asia Pacific leads with a 42% market share in 2018, driven by automotive growth in China and India, and rising demand for electronics and consumer goods.

Segmentation Overview The report segments the global PBT market based on Type, Processing Methods, Application, and Region.

Type Outlook:

  • PBT compound
  • PBT resin

Processing Methods Outlook:

  • Injection Molding
  • Extrusion
  • Blow Molding
  • Others

Application Outlook:

  • Automotive
  • Electrical & Electronics
  • Extrusion Products
  • Household Appliances
  • Others

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/2612

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

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