The Global Polybutylene Terephthalate (PBT) market is forecast to reach USD 70.94 Billion by 2027, according to a new report by Reports and Data. Polybutylene terephthalate or PBT is a semi-crystalline, synthetic, engineered thermoplastic with similar composition and properties to polyethylene terephthalate (PET). PBT is a shares features with other thermoplastic polyesters, and it is a part of the polyester group of resins. PBT can be considered as a high-performance material with high molecular weight. It is often characterized as stiff, strong, engineerable plastic. Its color variations range from white to bright colors, making it adaptable for a wide range of applications. Its high demand in automotive, electronics and electrical components are fostering the growth of this industry. In the case of outdoor uses having the concern of fire, additives are added to PBT to enhance its flammability and UV properties. The scope of these modifications makes PBT appropriate for various industrial applications. PBT is usually the preferred choice when a material with good dimensional stability, high strength, and good insulation is required. PBT’s major advantages are low shrinkage rate when forming and resistance to solvents. Apart from its desired features for the application in various end-user industries, factors like the increasing demand for lightweight automobiles and the rising demand for electrical applications are also supporting the growth of the market.
Key participants 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.
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In regards to region, North America can be seen to hold a
considerable share of the market. The market share held by the region is
attributed to a well-established automotive industry and electrical &
electronics sector.
For the purpose of this report, Reports and Data have
segmented the global Polybutylene Terephthalate market according to Type,
Processing Methods, Application, and Region:
Type Outlook (Volume, Kilo Tons; Revenue, USD
Billion; 2016-2027)
- PBT
compound
- PBT
resin
Processing Methods Outlook (Volume, Kilo Tons;
Revenue, USD Billion; 2016-2027)
- Injection
Molding
- Extrusion
- Blow
molding
- Others
Application Outlook (Volume, Kilo
Tons; Revenue, USD Billion; 2016-2027)
- Automotive
- Electrical
& Electronics
- Extrusion
Products
- Household
Appliances
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Billion; 2016-2027)
- North
America
- Europe
- Asia
Pacific
- MEA
- Latin
America
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Full Report @ https://www.reportsanddata.com/report-detail/polybutylene-terephthalate-pbt-market
Further key findings from the report suggest
- The
Polybutylene Terephthalate market held a market share of USD 41.17 Billion
in the year 2018 that is forecasted to grow at a rate of 6.2% during the
forecast period.
- In
context to Type, the PBT resin segment is projected to witness a
significant growth rate of 7.0% during the forecast period, which is
expected to hold 31.0% of the market by 2027. The growth rate witnessed by
this segment is attributed to the growing demand for plastic fiber and
increasing demand for resins in the automotive sector, wherein PBT resins
are needed for manufacturing PBT fiber, and the base resin derived from it
can be used in the automotive & electronics industry, contributing to
the growth rate witnessed by this segment.
- In
context to Processing Methods, the Injection Molding segment held the
largest market share of more than 40.0% in 2018, with a CAGR of 6.4%
during the forecast period. The market dominance of the Injection Molding
segment is attributed to its various advantages like high efficiency, the
scope of enhancing the strength of PBT by adding fillers and automation of
the process that saves the manufacturing costs, which results in its high
demand among the manufacturers of these thermoplastic material…Continued
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