The polybutylene terephthalate (PBT) market has shown strong growth in recent years. The market size is expected to grow from $2.5 billion in 2024 to $2.64 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. This growth has been largely driven by the material’s adoption in new industries, favorable global economic conditions, the rise of electric vehicles (EVs), and advancements in PBT’s material properties.
The PBT market is projected to see robust growth in the next few years, reaching an estimated $3.4 billion by 2029 at a CAGR of 6.5%. This projected growth can be attributed to the increasing focus on lightweight materials, shifts in global economic trends, further EV adoption, growing consumer goods demand, and the market’s expansion in the Asia-Pacific region.
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What Are The Main Drivers of the Polybutylene Terephthalate Market Growth?
The growth of the global automotive industry is a significant driving force behind the upswing in the polybutylene terephthalate market. The automotive industry, encompassing companies and activities associated with vehicle and component manufacturing, heavily relies on PBT due to its resilience under thermal stress and harsh chemical environments – key requirements for automotive under-the-hood applications.
What Are the Key Segments Within the Global Polybutylene Terephthalate Market?
The PBT market can be segmented as follows:
1) By Type: Reinforced Polybutylene Terephthalate, Unreinforced Polybutylene Terephthalate
2) By Processing Method: Injection Molding, Extrusion, Blow Molding, Other Processing Methods
3) By End-User Industry: Automotive, Extrusion, Electrical And Electronics, Other End-User Industries
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Who Are The Major Players in The Polybutylene Terephthalate Market?
Major companies in the PBT market include Celanese Corporation, Evonik Industries AG, Saudi Basic Industries Corporation, BASF SE, Chang Chun Group, DuPont de Nemours Inc., and Lanxess AG among others.
What Trends Are Impacting the Polybutylene Terephthalate Market?
Product innovations are a significant trend in the PBT market. Companies are focused on creating new products to strengthen their market position. In May 2022, for instance, BASF launched PBT Ultradur B4335G3 HR HSP to protect sensitive electronics from harsh environmental conditions.
Which Region Dominates the Polybutylene Terephthalate Market?
In 2024, the Asia-Pacific region was the largest in the PBT market and is expected to be the fastest-growing region in the forecast period.
What Does The Polybutylene Terephthalate (PBT) Market Report 2025 Offer?
The PBT Market research report offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Polybutylene terephthalate is a powerful, highly crystalline synthetic resin, created through the polymerization of terephthalic acid with butanediol. It is a high molecular semicrystalline engineering thermoplastic.
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