Dublin, March 03, 2025 (GLOBE NEWSWIRE) — The “Polybutylene Terephthalate (PBT) – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Polybutylene Terephthalate (PBT) was sized at 1.4 Million Metric Tons in 2024 and is projected to reach 2.0 Million Metric Tons by 2030, growing at a CAGR of 5.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Polybutylene Terephthalate (PBT) Market – Key Trends & Drivers Summarized
Polybutylene terephthalate (PBT) is a high-performance engineering thermoplastic widely utilized in various industries due to its excellent mechanical and electrical properties. It is a type of polyester that is known for its high strength, rigidity, and good chemical resistance, making it suitable for demanding applications. PBT is often used in automotive parts, electrical and electronic components, and consumer goods.
The demand for PBT has been bolstered by continuous advancements in polymer technology, enhancing its performance and expanding its application range. Innovations in PBT formulations have led to the development of grades with improved flame retardancy, lower warpage, and enhanced surface finish, meeting the stringent requirements of modern manufacturing processes. Additionally, the incorporation of glass fibers and other fillers into PBT compounds has further enhanced its mechanical properties, making it suitable for more robust and high-stress applications.
These technological advancements have enabled PBT to compete effectively with other engineering plastics and metals, offering a lightweight and cost-effective alternative without compromising performance. Furthermore, advancements in recycling technologies have made PBT an attractive option for sustainable manufacturing practices, aligning with the increasing emphasis on environmental responsibility across industries.
The growth in the PBT market is driven by several factors. The increasing demand for lightweight and durable materials in the automotive industry, driven by the need to improve fuel efficiency and reduce emissions, has significantly boosted the use of PBT in vehicle manufacturing. The rapid growth of the electrical and electronics sector, with the proliferation of consumer electronics and the expansion of smart grid infrastructure, has further fueled demand for PBT components. Technological advancements in PBT production and processing have also played a crucial role, enabling the development of high-performance grades that meet the evolving needs of end-users.
Additionally, the rising emphasis on sustainability and the circular economy has spurred interest in PBT due to its recyclability and potential for reducing environmental impact. Government regulations promoting the use of environmentally friendly materials and the shift towards electric vehicles and renewable energy sources are also key drivers. These factors collectively contribute to the robust growth trajectory of the PBT market, ensuring its continued relevance and expansion in the coming years.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Lanxess AG, Celanese Corporation, China National BlueStar (Group) Co., Ltd., Covestro AG, Ester Industries Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automotive Application segment, which is expected to reach 785.4 Thousand Metric Tons by 2030 with a CAGR of a 6.0%. The Electronics & Electrical Application segment is also set to grow at 5.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, sized at 151.8 Thousand Metric Tons in 2024, and China, forecasted to grow at an impressive 7.1% CAGR to reach 734.4 Thousand Metric Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 331 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value in 2024 | 1.4 Million Metric Tons |
| Forecasted Market Value by 2030 | 2 Million Metric Tons |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- Polybutylene Terephthalate (PBT) – Global Key Competitors Percentage Market Share in 2024 (E)
- Thermoplastic Materials: The Workhorse of Modern Manufacturing
- Polybutylene Terephthalate (PBT): Definition, Scope & Applications
- Recent Market Activity
- Innovations
- World Brands
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Myriad Trends in the Automotive Industry Supports Consumption of PBT
- Electronification in the Auto Industry to Drives Opportunities for PBT
- Measuring the Growing Importance of Electronics in Cars
- Focus on Lightweighting Bodes Well for the Growth of PBT in Automotive Applications
- Massive Engineering Interest in Lightweighting Will Create Interest in PBT in Auto Parts & Components Production
- Favorable Outlook for EVs & AVs, An Opportunity for PBT Consumption
- Global Autonomous Vehicle Sales (In Million)
- Established Use Case in Electronics Manufacturing to Help PBT Maintain Growth Trajectory
- Miniaturization, a Major Force Spurring Gains in PBT Consumption in the Electronics Sector
- Rise of Fiber Optic Internet & Networks Bodes Well for the PBT Market
- Exploding Fiber Optic Communication Benefits Demand for PBT Granules in Optical Fiber Cable Production
- With Electronic Systems Making Big Gains in Healthcare Sector, Its Opportunities Galore for PBT Resins & Formulations
- Growing Prominence of Bio Polymers Drives Demand for Polybutylene Terephthalate (PBT)
FOCUS ON SELECT PLAYERS:Some of the 57 major companies featured in this Polybutylene Terephthalate (PBT) market report include:
- Lanxess AG
- Celanese Corporation
- China National BlueStar (Group) Co., Ltd.
- Covestro AG
- Ester Industries Ltd.
- Engineered Polymers (India) Pvt., Ltd.
- Ensinger GmbH
- Jiangsu Sanfangxiang Group Co., Ltd.
- Distrupol Ltd.
- Eurotec Engineering Plastics
- Chang Chun Group
- KOLON PLASTICS
- Curbell Plastics, Inc.
- Avient Corp.
- Amco Polymers
For more information about this report visit https://www.researchandmarkets.com/r/w586qf
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- Polybutylene Terephthalate (PBT) Market
