Polybutylene Terephthalate Market – Global Industry Analysis and Forecast (2024-2030)

Polybutylene Terephthalate Market size was valued at USD 2.15 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 5.28% from 2024 to 2030, reaching nearly USD 3.08 Bn.

Polybutylene Terephthalate Market Overview:

Polybutylene Terephthalate Market is expected to reach US$ 3.08 Bn. by 2030. PBT, or Polybutylene terephthalate, is a type of polymer that belongs to the polyester family. It is an engineering thermoplastic material that is semi-crystalline and has characteristics similar to polyethylene terephthalate (PET). Using unique catalysts, PBT is created by polycondensing terephthalic acid and 1,4-butanediol. Cast iron, stainless steel, bronze, and ceramic-based automotive handles, fuel system parts, windshield wiper covers, connectors, and seat belts are all produced using PBT. This report focuses on the different segments of the Polybutylene Terephthalate market (Type, Processing Method, End User, and Region). In-depth analysis of the leading industry participants and regions is provided in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a thorough examination of the numerous sectors' explosive modern-era growth. Through numbers, visuals, and presentations, the core data analysis from 2018 to 2023 is highlighted. The market drivers, restraints, opportunities, and challenges for Polybutylene Terephthalate are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Polybutylene Terephthalate market.Polybutylene Terephthalate MarketTo know about the Research Methodology :- Request Free Sample Report

Polybutylene Terephthalate Market Dynamics:

Due to its superior chemical stability, high temperature resistance, and impact resistance, Polybutylene terephthalate can take the role of metals as an engineering material in sectors including automotive and industrial equipment. Governments in countries like China and a number of EU member states are assisting Polybutylene terephthalate (PBT) manufacturers by looking at ways to reward them for PBT produced and enticing investors to direct their capital toward this high-potential industry. PBT is widely produced and consumed in East Asia, particularly China, which favours economies of density. This factor is expected to drive foreign companies to participate in the country's PBT manufacturing, which would open up opportunities for larger absolute dollar amounts as well as allow manufacturers to increase their market share globally during the forecast period. Additionally, government-led initiatives like "Make in India" aimed to lessen the reliance on imports for engineering plastics like Polybutylene terephthalate. The proposal includes inviting international companies to enter the Indian market and encouraging them to establish new manufacturing facilities there. This will increase the supply of engineering plastics at comparatively lower prices. Demand for Polybutylene terephthalate is expected to be restrained by the availability of substitute goods with almost equivalent characteristics. Many manufacturing firms are vying for PBT supply by providing trustworthy alternatives. Shell Chemical, for instance, is concentrating on producing polytrimethylene terephthalate (PTT) as a substitute for PBT. In order to serve PBT-related markets, the corporation announced a number of commercial-scale developments in 2019. In addition, the corporation intended to replace PBT with PTT worth 600 million pounds. Terephthalic acid (TPA), the main monomer of PTT, is similar to that of PBT; however, whereas PBT uses 1,4 butanediol as its glycol, PPT employs 1,3 propanediol. In spite of its different chemistry, polytrimethylene terephthalate (PTT) shares many characteristics with PBT, such as flexural modulus, tensile strength, and heat deflection temperature. Additionally, the substitute has already entered the market and is probably going to have an impact on PBT demand during the forecast period. Increasing use of Polybutylene terephthalate in the construction of interior and exterior body components for electric vehicles is expected to drive market growth during the forecast period. Growing consumer preference for electric vehicles over fuel-based (diesel, petrol, and CNG) vehicles is a result of growing awareness of environmental degradation. Automotive developments including electrification, automated driving, and a push to cut emissions are creating a market for Polybutylene terephthalate that is expected to increase steadily. Furthermore, hydrolytically resistant PBT has a significant influence on the production of a number of electronic sensors for electric vehicles.

Polybutylene Terephthalate Market Segment Analysis:

The Polybutylene Terephthalate Market is segmented by Type, Processing Method, and End User. Based on the Type, the market is segmented into Reinforced Polybutylene Terephthalate, and Unreinforced Polybutylene Terephthalate. Reinforced Polybutylene Terephthalate segment is expected to hold the largest market share of xx% by 2030. The most popular PBT type on the market is reinforced PBT. Furthermore, during the past five years, demand for PBT that is 30% reinforced has increased. It has been proven that all grades of reinforced PBT (15%, 30%, 50%, and >50%) are more productive in terms of producing goods than unreinforced PBT type. Thus, there is less need for Polybutylene terephthalate without reinforcement. Polybutylene Terephthalate Market Based on the End User, the market is segmented into Automotive, Packaging, Electrical & Electronics, Consumer Goods, Machinery, and Others. Automotive industry segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. A variety of automotive, electrical, and electronic products use Polybutylene terephthalate as a key raw material. PBT is used in the automobile industry to make body panels, ignition coil bobbins, covered insulations, exhaust system components, ignition systems, and other components. Electrical & Electronics segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. PBT is used to make a variety of goods in the electrical and electronics industries, including motor covers, bushings, CRT and potentiometer stands, switching connectors, transformer coil bobbins, adapter coil bobbins, and deflection coils. Among all the electrical and electronic end uses, the production of transformer coil bobbins makes extensive use of PBT. Thus, it fulfils nearly 29% of the Polybutylene terephthalate demand in the electrical and electronics sector. During the forecast period, Polybutylene Terephthalate use is expected to grow at a CAGR of 6.2% in the production of adaptor coil bobbins. The demand for Polybutylene terephthalate is expected to increase rapidly due to the widespread use and sales of PBT in the automotive industry, in addition to electrical and electronic devices, globally. Based on the Processing Method, the market is segmented into Injection Molding, Extrusion, Blow Molding, and Others. Injection molding segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. PBT is primarily processed by injection moulding at temperatures between 230° and 270° C. Many of the components featured on modern cars require a variety of intricately crafted characteristics in order to work properly. To design, organise, and produce the parts they require, many of the top players in the automobile industry have opted to use plastic injection moulding. Bumpers, dashboards, and smaller parts like cup holders and mirror housings are examples of inject moulded components. The food and beverage industry mainly utilises plastic materials when it comes to injection moulding to make product packaging and containers. Plastic injection moulding is an obvious choice to guarantee that numerous standards are met, including BPA-free, FDA-certified, non-toxic, and GMA-safe laws, because this industry is required to adhere to severe sanitization and safety regulations. The food and beverage industry's packaging and container demands can be met through injection moulding, which offers a one-stop shop for everything from bottle caps to the trays used in TV dinners. Plastic injection moulding is essential for the creation of medical and pharmaceutical products since many medical items must be shatter-proof, non-porous, and of the highest quality possible. The medical business can profit from injection molding's shortened production schedules and inexpensive production materials while still producing high-grade medical items since it produces goods in large quantities. From pill bottles to x-ray parts, injection moulding can be used to make parts for the medical and pharmaceutical industries. In the past, it was common for the agriculture sector to spend money on metal-made components because they offered a long-lasting solution. Due to new plastic material properties like UV resistance, impact resistance, humidity resistance, and many more, reinforced plastic choices are now more popular. Plastic injection moulding is a natural fit for the agriculture business since it can produce tough agricultural items that withstand the environment on a farm, from feeding troughs to specialised harvesting components.

Polybutylene Terephthalate Market Regional Insights:

The Asia Pacific region is expected to dominate the Polybutylene Terephthalate Market during the forecast period 2024-2030. The Asia Pacific region is expected to hold the largest market share of xx% by 2030. China accounted for approximately 28% of the world market and more than 70% of the East Asian market for PBT in 2023. Over 40% of all PBT-based goods and materials sold in China are in the electrical and electronics sector. China is a significant consumer and manufacturer of goods based on PBT. Additionally, the country has seen an increase in exports of PBT-based electronics and automotive components between 2018 and 2023. China has developed as a potential hub for PBT business in addition to becoming a significant investor in engineering plastics. The PBT market in the country is expected to grow as a result. Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Germany continues to lead in terms of PBT consumption in Europe. The country ranks among the top automobile manufacturers, which contributes to growing PBT usage. Germany accounted for over 10% of the global market share and over 27% of the European market share in 2020. It has been observed that German automakers employ approximately 15–20 percent of PBT-based goods during the assembly phase of automobile manufacturing. The country remains one of the main consumers of PBT due to significant spending in the automobile industry. Polybutylene Terephthalate Market The objective of the report is to present a comprehensive analysis of the Global Polybutylene Terephthalate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Polybutylene Terephthalate Market dynamic and structure by analyzing the market segments and projecting the Global Polybutylene Terephthalate Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Polybutylene Terephthalate Market make the report investor’s guide.

Polybutylene Terephthalate Market Scope: Inquire before buying

Global Polybutylene Terephthalate Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 2.15 Bn.
Forecast Period 2024 to 2030 CAGR: 5.28% Market Size in 2030: USD 3.08 Bn.
Segments Covered: by Type Reinforced Polybutylene Terephthalate Unreinforced Polybutylene Terephthalate
by Processing Method Injection Molding Extrusion Blow Molding Others
by End-User Automotive Packaging Electrical & Electronics Consumer Goods Machinery Others

Polybutylene Terephthalate Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Polybutylene Terephthalate Market, Key Players

1. Polyplastics Co., Ltd. 2. LG Chemical 3. CLARIANT 4. SABIC 5. TAISEI 6. PolyOne 7. BASF 8. Lanxess 9. TORAY 10. Shinkong 11. A.Schulman Inc. 12. Chang Chun Plastics Co. Ltd 13. Celanese Corporation 14. China National Bluestar Co. Ltd 15. DuPont 16. Mitsubishi Engineering Plastics Corporation Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Polybutylene Terephthalate Market? Ans. The Asia Pacific region is expected to hold the highest share in the Polybutylene Terephthalate Market. 2] Who are the top key players in the Polybutylene Terephthalate Market? Ans. Polyplastics Co., Ltd., LG Chemical, CLARIANT, SABIC, TAISEI, PolyOne, BASF, and Lanxess are the top key players in the Polybutylene Terephthalate Market. 3] Which segment is expected to hold the largest market share in the Polybutylene Terephthalate Market by 2030? Ans. Reinforced Polybutylene Terephthalate segment is expected to hold the largest market share in the Polybutylene Terephthalate Market by 2030. 4] What is the market size of the Polybutylene Terephthalate Market by 2030? Ans. The market size of the Polybutylene Terephthalate Market is expected to reach USD 3.08 Bn. by 2030. 5] What was the market size of the Polybutylene Terephthalate Market in 2023? Ans. The market size of the Polybutylene Terephthalate Market was worth USD 2.15 Bn. in 2023.
1. Global Polybutylene Terephthalate Market: Research Methodology 2. Global Polybutylene Terephthalate Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Polybutylene Terephthalate Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Polybutylene Terephthalate Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Polybutylene Terephthalate Market Segmentation 4.1 Global Polybutylene Terephthalate Market, by Type (2023-2030) • Reinforced Polybutylene Terephthalate • Unreinforced Polybutylene Terephthalate 4.2 Global Polybutylene Terephthalate Market, by Processing Method (2023-2030) • Injection Molding • Extrusion • Blow Molding • Others 4.3 Global Polybutylene Terephthalate Market, by End-User (2023-2030) • Automotive • Packaging • Electrical & Electronics • Consumer Goods • Machinery • Others 5. North America Polybutylene Terephthalate Market (2023-2030) 5.1 North America Polybutylene Terephthalate Market, by Type (2023-2030) • Reinforced Polybutylene Terephthalate • Unreinforced Polybutylene Terephthalate 5.2 North America Polybutylene Terephthalate Market, by Processing Method (2023-2030) • Injection Molding • Extrusion • Blow Molding • Others 5.3 North America Polybutylene Terephthalate Market, by End-User (2023-2030) • Automotive • Packaging • Electrical & Electronics • Consumer Goods • Machinery • Others 5.4 North America Polybutylene Terephthalate Market, by Country (2023-2030) • United States • Canada • Mexico 6. Europe Polybutylene Terephthalate Market (2023-2030) 6.1. Europe Polybutylene Terephthalate Market, by Type (2023-2030) 6.2. Europe Polybutylene Terephthalate Market, by Processing Method (2023-2030) 6.3. Europe Polybutylene Terephthalate Market, by End-User (2023-2030) 6.4. Europe Polybutylene Terephthalate Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Polybutylene Terephthalate Market (2023-2030) 7.1. Asia Pacific Polybutylene Terephthalate Market, by Type (2023-2030) 7.2. Asia Pacific Polybutylene Terephthalate Market, by Processing Method (2023-2030) 7.3. Asia Pacific Polybutylene Terephthalate Market, by End-User (2023-2030) 7.4. Asia Pacific Polybutylene Terephthalate Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Polybutylene Terephthalate Market (2023-2030) 8.1. South America Polybutylene Terephthalate Market, by Type (2023-2030) 8.2. South America Polybutylene Terephthalate Market, by Processing Method (2023-2030) 8.3. South America Polybutylene Terephthalate Market, by End-User (2023-2030) 8.4. South America Polybutylene Terephthalate Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Polybutylene Terephthalate Market (2023-2030) 9.1 Middle East and Africa Polybutylene Terephthalate Market, by Type (2023-2030) 9.2. Middle East and Africa Polybutylene Terephthalate Market, by Processing Method (2023-2030) 9.3. Middle East and Africa Polybutylene Terephthalate Market, by End-User (2023-2030) 9.4. Middle East and Africa Polybutylene Terephthalate Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 Polyplastics Co., Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 LG Chemical 10.3 CLARIANT 10.4 SABIC 10.5 TAISEI 10.6 PolyOne 10.7 BASF 10.8 Lanxess 10.9 TORAY 10.10 Shinkong 10.11 A.Schulman Inc. 10.12 Chang Chun Plastics Co. Ltd 10.13 Celanese Corporation 10.14 China National Bluestar Co. Ltd 10.15 DuPont 10.16 Mitsubishi Engineering Plastics Corporation
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