The Polybutylene Terephthalate market is anticipated to grow with a CAGR of 5.2% over the forecast period of 2019-2028. Polybutylene Terephthalate widely known as PBT is a crystalline, high molecular weight polymer that is known to have an excellent balance of properties as well as processing characteristics. PBT crystallizes rapidly and its mold cycles are short du to which molding temperatures can be lower to form various engineering plastics. PBT serves as a great use as an insulator in electrical and electronic industries. PBT is attributed to high strength and rigidity due to which it is widely used in the automotive which in turn is expected to be a major market driver. PBT also serves a purpose in the textile industry to produce yarns owing to its stretchable property.

Top Driver: Increasing Automotive Applications of PBT to Drive the Market Widely

The automotive industry uses PBT for widespread applications that are expected to fuel the market growth. The application on PBT in electrical vehicles has also fueled the market extensively. Furthermore, innovative products from the automotive industry such as fully automatic driverless vehicles require a lot of sensors that may anticipate the market widely in the future. Also, companies have launched an enhanced version of the PBT owing to its high strength, high insulation, and heat resistance. Various applications of PBT in electronic plastics and electrical encapsulation materials are expected to bolster its demand in the forecast period.

Electronics to Show a Steady Growth in the Market

Based on the end-use, the Polybutylene Terephthalate market is segmented into automotive, electronics, extrusion, and others. The electronic segment accounted for a larger share in the market owing to its various properties including, insulation, strength, and thermal stability. Furthermore, its widespread applications in automotive have to lead to a huge growth of the market in the forecast period.

  Asia Pacific to Hold the Largest Market Share

Asia Pacific region is expected to drive the market extensively. China known to be a huge automotive producer across the globe has attributed to the market growing steadily for the last few years. India is also expected to drive the region due to lots of new entrants in the market which have lucrative growth opportunities. North America is expected to grow at a steady rate owing to huge technological advancements in the region.

Players are Rigorously into Establishing their Foothold in the Market  

The global Polybutylene Terephthalate market is expected to grow with a significant CAGR due to presence of various companies including BASF SE, E. I. du Pont de Nemours and Company, Celanese Corporation, Lanxess Aktiengesellschaft, Toray Industries, Inc., SABIC among others.

BASF:  Companies have been into strategic product launches to keep their strong presence in the market. For instance, BASF, in 2019, launched two new products in the market named as Ultradur B6551 LNI and Ultradur B6560 M2 FC TF. Both the products are subjected to high dimensional melting point and stability that could be useful in producing pipes and mandrels.

DuPont: A collaboration between DuPont and Biesterfeld helped the players to launch themselves in the CIS countries that would contribute to their expansion.

Scope of the Report

By End-User

• Automotive
• Electronics
• Extrusion
• Others
  

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.