Polybutylene Terephthalate Market Overview:
This report aims to give a comprehensive analysis of the Polybutylene Terephthalate Market by industry, region, component, and application. The main drivers driving the growth of the Polybutylene Terephthalate Market are covered in great length in the report. The report also provides a thorough analysis of the value chain in the industry.
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Market Values: The Polybutylene Terephthalate Market, valued at US$ 1.94 Bn. in 2021, is anticipated to witness robust growth, projecting a Compound Annual Growth Rate (CAGR) of 5.28% from 2022 to 2029. The market is expected to reach nearly US$ 2.93 Bn.
Report Scope: The report delves into the global Polybutylene Terephthalate market, offering insights into its various segments such as Type, Processing Method, End User, and Region. A comprehensive analysis of leading industry participants and regional trends is provided for North America, Asia Pacific, Europe, Middle East & Africa, and South America. The scope includes an in-depth examination of market dynamics, research methodology, and regional insights.
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Research Methodology: The research methodology employed in this report encompasses a thorough analysis of market dynamics, drivers, restraints, opportunities, and challenges. The core data analysis spans from 2017 to 2021, offering valuable insights through numerical data, visuals, and presentations. Investment suggestions are derived from a meticulous examination of the current competitive environment within the Polybutylene Terephthalate market.
Market Dynamics: Polybutylene Terephthalate (PBT) is positioned as an engineering thermoplastic material with characteristics similar to polyethylene terephthalate (PET). Its superior chemical stability, high-temperature resistance, and impact resistance make it a viable substitute for metals in sectors such as automotive and industrial equipment. Government initiatives in countries like China and certain EU member states are fostering the growth of PBT manufacturers.
The report highlights the influence of factors such as the “Make in India” initiative, which aims to reduce reliance on imports for engineering plastics, and the emergence of alternative materials affecting PBT demand. Additionally, the increasing use of PBT in the construction of interior and exterior components for electric vehicles is identified as a significant driver for market growth.
Regional Insights: The Asia Pacific region is poised to dominate the Polybutylene Terephthalate market, with China accounting for a substantial share. The region’s PBT market is driven by demand in the electrical and electronics sector. Europe, led by Germany, is expected to grow rapidly due to the country’s significant consumption in the automobile industry.
Polybutylene Terephthalate Market Segmentation:
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 Key Players:
• Polyplastics Co., Ltd.
• LG Chemical
• CLARIANT
• SABIC
• TAISEI
• PolyOne
• BASF
• Lanxess
• TORAY
• Shinkong
• A.Schulman Inc.
• Chang Chun Plastics Co. Ltd
• Celanese Corporation
• China National Bluestar Co. Ltd
• DuPont
• Mitsubishi Engineering Plastics Corporation
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Table of content for the Polybutylene Terephthalate Market includes:
Key Offerings:
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