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.

Comments

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022