The Business Research Company’s report on the Polybutylene Terephthalate (PBT) Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the polybutylene terephthalate (pbt) market further?
The growing automotive industry is expected to propel the growth of the polybutylene terephthalate market going forward. The automotive industry refers to all those companies and activities involved in the manufacturing of motor vehicles, including most components, such as engines and bodies. Polybutylene terephthalate provides good durability under thermal stress and/or harsh chemical environments, particularly in automotive under-the-hood applications. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Furthermore, in February 2022, according to Brand Finance PLC, a UK-based brand valuation company, in 2022, the automobile sector achieved approximately 78-million-unit sales, marking a substantial 10% increase. Therefore, the growing automotive industry drives the polybutylene terephthalate market.
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What are the key factors influencing the forecasted market size of the polybutylene terephthalate (pbt) industry?
The polybutylene terephthalate (PBT) market size has grown strongly in recent years. It will grow from $2.5 billion in 2024 to $2.64 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to adoption in new industries, global economic conditions, electrical vehicle adoption, consumer goods and textile applications, advancements in material properties.
The polybutylene terephthalate (PBT) market size is expected to see strong growth in the next few years. It will grow to $3.4 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to continued focus on lightweight materials, global economic shifts, electrical vehicle (EV) adoption, consumer goods demand, market growth in Asia-pacific region. Major trends in the forecast period include demand in automotive industry, electronics and electrical applications, sustainable and recyclable materials, advancements in material properties, miniaturization in electronics.
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Who are the leading competitors in the polybutylene terephthalate (pbt) market?
Major companies operating in the polybutylene terephthalate (PBT) market are Celanese Corporation, Evonik Industries AG, Saudi Basic Industries Corporation, BASF SE, Chang Chun Group, DuPont de Nemours Inc., Lanxess AG, Koninklijke DSM N.V., Nan Ya Plastics Corporation, Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Clariant AG, Daicel Corporation, LyondellBasell Industries Holdings B.V., Röchling SE & Co KG, RTP Company Inc., Duromer Products Pty. Ltd., Avient Corporation, Dow Inc., Polyplastics Co. Ltd., Teijin Limited, PolyOne Corporation, Lotte Chemical Corporation, E. I. du Pont de Nemours and Company, Polyram Plastic Industries, SK Chemicals Co. Ltd., WinTech Polymer Ltd., Polymeric Resources Corporation, Lion Idemitsu Composites Co. Ltd., Grupa Azoty S.A., Zhejiang NHU Special Materials Co. Ltd., KOLON Industries Inc., Jiangsu Heshili New Material Co. Ltd., Koch Industries, Kuraray Co. Ltd.
Which emerging trends are set to transform the polybutylene terephthalate (pbt) market landscape?
Product innovations are the key trends gaining popularity in the polybutylene terephthalate market. Major companies operating in the polybutylene terephthalate market are focused on developing new product solutions to strengthen their position in the market. For instance, in May 2022, BASF, a Germany-based chemicals company launched PBT Ultradur B4335G3 HR HSP – an all-rounder for reliable protection. With the polybutylene terephthalate (PBT) Ultradur B4335G3 HR HSP, BASF has developed a material that would protect sensitive electronics from such influences. This product has unique properties such as hydrolysis resistance, good flowability, and reduce melt viscosity, which enables the production of thin-walled components.
How do different geographies compare in terms of market share and growth potential in the polybutylene terephthalate (pbt) market?
Asia-Pacific was the largest region in the polybutylene terephthalate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polybutylene terephthalate (PBT) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the polybutylene terephthalate (pbt) market are experiencing the fastest growth?
The polybutylene terephthalate (PBT) market covered in this report is segmented –
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
Subsegments:
1) By Reinforced Polybutylene Terephthalate: Glass Fiber Reinforced PBT, Mineral Reinforced PBT, Other Reinforcements
2) By Unreinforced Polybutylene Terephthalate: Standard PBT, High-Purity PBT
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How is the polybutylene terephthalate (pbt) market defined, and what are its core characteristics?
Polybutylene terephthalate refers to a high molecular semicrystalline engineering thermoplastic and a powerful, extremely crystalline synthetic resin created by the polymerization of terephthalic acid with butanediol.
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