Polybutylene Terephthalate Market: A Snapshot
Polybutylene terephthalate products are widely used in various application including electrical engineering, automotive construction, fibers in toothbrushes, among others. PBT is also used in the textile industry for producing yarn, thanks to its stretchable qualities. And, its chlorine resistance promises new opportunities in swimwear textiles. However, the polymer remains in robust demand in its key application in electronic products, and industry. If you are looking to experiment with its next-gen applications, you can consider laser sintering.
Polybutylene terephthalate (PBT) is an engineering polymer which is thermoplastic in nature and is used in electronics and electrical industriesas an insulator. It is a type of polyester and a thermoplastic (semi-crystalline polymer). PBT is solvent resistant, is mechanically strong, slightly shrinks during forming and is heat-resistant up to a temperature of 150 °C (or 200 °C with glass-fiber strengthening). It can be made noncombustible when treated with flame retardants.Polybutylene terephthalate is related closely to different thermoplastic polyesters. Polybutylene terephthalate has slightly lower rigidity and strength as compared to polyethylene terephthalate (PET), better contact resistance, and a lower glass shift temperature. Polybutylene terephthalate and polyethylene terephthalateare sensitive to warm water above the temperature of 60 °C (140 °F).
Polybutylene terephthalate and polyethylene terephthalateif used outdoors needs UV protection and most variations of these polyesters are combustible. To improve flammability and UV properties, additives can be used. The global market for polybutylene terephthalate is segmented on the basis of application and geography. On the basis of application, the market is segmented into extrusion products, household appliances, automotive, and electrical & electronics. Electrical & electronics was the dominant segment in 2015 and is forecasted to have a steady growth rate over the forecast period.
Polybutylene terephthalate has extensive application in the electrical & electronics industry in different electronic parts such as power sockets, switches, transformer insulation, sensor coverings, boards, sockets, and connectors. This extensive applicationis due to its efficient electrical properties, high stability dimensionally under heat, and wide mechanical properties which makes it efficient in applications that involves flow of electrical power.Polybutylene terephthalatemade products are used in the automobile industryowing to theirdimensional stability,rigidity, weather and heat resistance, and lubricant and fuel resistance.
Polybutylene terephthalatehas a wide range of applicationin the plastics and polymers industry because it offers highly efficient performance blends like acrylonitrile styrene acrylate (ASA) and polyethylene terephthalate (PET). It provides an important integration of high technical features and good stability dimensionally. This is attributed to its considerablestiffness,low water absorption,and excellent heat resistant properties.
Major drivers of the global polybutylene terephthalate market include growing demand for eco-friendly, more sustainable green materials which has triggered market growth of recyclable polybutylene terephthalateblends. The introduction of Electronic Vehicles (EV) has resulted in the surfacing of latest high-voltage applications that require electrical components which are more efficient such as power sockets, switches, transformer insulation, sensor coverings, connectors, boards and sockets among others.
Owing to the high performance electrical properties of polybutylene terephthalate, it is widely used in these components, which is driving its application in the EVs market thus triggering overall market growth. In addition, growing popularity of miniaturization of electrical parts is also driving the demand for polybutylene terephthalate in a positive way. The microscopic parts of miniaturized devices that ismadeof polymers like polybutylene terephthalateholds only around 25% of the printed circuit board area and are less than 20% of the total volume.
Geographically, the global market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. APAC held the dominant market share in the globalpolybutylene terephthalate market in 2015 and is forecasted to continue its dominance over the forecast period. Polybutylene terephthalateresins are used in varied applications in the automobile industry such as in luxury car variants. The growing demand for compound functions in cars has led to the extensive use of polybutylene terephthalatein automobileexterior and interior parts. In addition, molding of composites and design innovations is forecasted to further trigger growth of the polybutylene terephthalatemarket in the APAC region.
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Major players of the global polybutylene terephthalate market include BASF SE (Germany), Celanese Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), Lanxess Aktiengesellschaft (Germany), SABIC (Saudi Arabia), and Toray Industries, Inc. (Japan).
The Fact.MR report tracks the PBT market for the period 2018-2027.
According to the report, the PBT market is projected to grow at 5.6% CAGR through 2027.
As per Fact.MR valuation, the steadily rising PBT consumption across the globe is expected to witness an increase of over 50 kilo tons, growing at the rate of 4.8% in 2018 over 2017.
The business report highlights the drivers, restraints, opportunities and trends affecting polybutylene terephthalate (PBT) market growth.
Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.The polybutylene terephthalate market report highlights the following players:Shinkong Synthetic FibersCelanese CorporationDSM Engineering PlasticsChang Chun PlasticsThe polybutylene terephthalate market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.Electrical and Electronics Industry Holds Sway with Two Fifth Volume Share in 2018Fact.MR study shows that demand for PBT in the electrical & electronics industry will hold nearly 40% of the global consumption in 2018.
The electronics industry landscape is growing at a rapid pace against the backdrop of increasing reliance on electrical components across industrial verticals.
The polybutylene terephthalate (PBT) industry is projected to rise at a healthy CAGR of 5.6% between 2019 and 2029.
High demand in electrical and automotive applications is the predominant factor driving sales.
Rising demand for automation, electrical encapsulation and insulation also aids the growth of polybutylene terephthalate market, reveals Fact.MR in its new study.“Global consumption of PBT is set to rise on the back of increasing applications in electronics and automotive industries.
In 2018, PBT sales were expected to generate over US$ 2.5 billion in market revenues,” concludes the Fact.MR report.Request PDF Sample of the 170-page report on the polybutylene terephthalate market- https://www.factmr.com/connectus/sample?flag=S_id=2406Polybutylene Terephthalate (PBT) Market – Key TakeawaysThe electrical and electronics segment will account for two fifths of the global polybutylene terephthalate (PBT) market, on the back of high versatility in industry verticals.Automotive applications will display strong growth through the forecast period, on account of the demand for light-weight, fuel-efficient vehicles.Greater China will account for more than 62% of regional consumption through the forecast period.Asia Pacific excluding Japan will remain the major regional market for polybutylene terephthalate (PBT), accounting for more than 50% of global consumption.Polybutylene Terephthalate (PBT) Market – Key Driving FactorsUse of PBT in interior and exterior components of electric vehicles majorly contribute towards demand growth.Characteristics such as superior heat aging, dimensional stability, and hydrolytic resistance are significant drivers for the polybutylene terephthalate (PBT) market.High speed and high frequency processes in electricals and electronics support the demand for polybutylene terephthalate.Increase in film extrusion and thermoformed packaging applications will offer a prominent push to polybutylene terephthalate (PBT) market.Polybutylene terephthalate (PBT) Market – Key ConstraintsIncreased competition from other forms of engineered plastics, restricts the use of polybutylene terephthalate (PBT) consumption to an extent.Issues of brittle fractures in PBT would remain an important and longstanding challenge to the growth of market.Explore 102 tables and 81 figures in the study.
Request TOC of the report at- https://www.factmr.com/connectus/sample?flag=RM_id=2406Competition LandscapeThe global polybutylene terephthalate (PBT) market is consolidated.
Leading players profiled in the report include, but are not limited to BASF SE, Toray Industries, DuPont, Spichem, and Lanxess.
