The Global Market for Polybutylene Terephthalate (PBT) is Projected to 1.5 Million Metric Tons by 2020
Launch of New PBT Grades & Growing Use in Auto Electronics
Drive Demand for Polybutylene Terephthalate, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Polybutylene Terephthalate (PBT) market. The
global market for Polybutylene Terephthalate (PBT) is projected to 1.5 million
metric tons by 2020, driven by growing use in automotive electronics
against the backdrop of rising electronic content per car, and launch of new
generation PBT grades with superior performance characteristics.
Polybutylene Terephthalate
(PBT), a versatile, semi-crystalline and injection molding friendly polymer,
finds applications in automotive and electronics industries. Broadly PBT is
compounded in three major categories PBT as engineering plastics, as molding
material and as resin, which makes the material highly suitable for wide range
of industries. Similar to other engineered plastics, demand for PBT is largely
dependent on production trends in key end use industries including automotive,
electrical and electronics, and consumer appliances. Key growth drivers include
trends such as replacement of metals by engineering plastics in the automobile
industry, growth in electrical & electronics applications, and growing manufacturer
focus on bio-based PBT. Future growth in the market will be defined by the
development of innovative material grades by manufacturers to meet the evolving
requirements in various application markets. New PBT grades that offer high strength, stiffness
and dimensional stability are expected to
drive consumption volumes in various industries in the coming years.
The PBT market stands to gain
from the growing significance of automotive
electronics amidst the rise of smart cars and the engineering strides taken
in the field of connected cars. Innovative PBT formulations and blends in line with
the trend towards automotive lightweighting are also spurring gains in the
market. The emergence of battery operated cars/hybrid cars, increasing use of
flame-retardant components and growing production of highly compact and
efficient electronic assemblies will benefit the demand for PBT owing to its outstanding electrical insulation properties that functions
well even in the presence of moisture and high temperature. Another important application market for PBT is fiber
optic cables where the compound is used in fiber optical jacketing, loose
tubes, and cable protection tubing. Growth in this sector is benefiting from
the increasing need for more powerful fiber-optic cables with thinner sheathing
that can pass through restricted spaces found in cable ducts in buildings and
optoelectronic assemblies.
Use of PBT across all
application sectors will receive a boost from the ongoing manufacturer efforts
to develop new PBT grades that meet requirements such as improved mechanical
properties, high melt viscosity, high yield stress, high hydrolic stability, and
increased modulus of elasticity. Also, poised to boost consumption is the development
of "Bio-based PBT" against the backdrop of the growing clamor for
environment friendly resources.
As stated by the new market
research report on Polybutylene
Terephthalate, Asia-Pacific represents
the largest and the fastest growing region worldwide with a CAGR of 7.9% over
the analysis period. The growth in the region is led by factors such as
improvement in manufacturing and construction activity, rapid industrialization
and growth in consumer purchasing power.
Major players covered in
the report include Almaak International GmbH, BASF SE, China National BlueStar
(Group) Co, Ltd., Covestro AG, Celanese Corporation, Chang Chun Plastics Co.,
Ltd., DSM Engineering Plastics, DuPont China Holding Co. Ltd, E.I. du Pont de
Nemours and Co., Enviroplas, Inc., Evonik Industries AG, International Diol
Company, Jiangsu Heshili New Material Co., Ltd., Lanxess AG, LG Chem Ltd., Longkou
Dawn Engineering Plastic Co. Ltd., Mitsubishi Chemical Corporation, Nan Ya
Plastics Corporation, Polyone Corporation, Polyplastics Co., Ltd., Radici Group,
SABIC, SABIC Innovative Plastics Holding BV, SASA Polyester Sanayi A.Ĺž., SRF
Limited, Toray Industries Inc., WinTech Polymer Ltd, and Yingkou Kanghui
Petrochemical Co., Ltd., among others.
The research report titled
“Polybutylene
Terephthalate: A Global Strategic Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, and other strategic industry
activities of global companies. The report provides market estimates and
projections of manufacturer’s level revenues in Metric Tons for all major
geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific, Latin
America and Rest of World.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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