The global market for Polybutylene Terephthalate (PBT) is estimated at 1.4 Million Metric Tons in 2023 and is projected to reach 2.0 Million Metric Tons by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
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, estimated at 145.6 Thousand Metric Tons in 2023, and China, forecasted to grow at an impressive 7.2% 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.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Polybutylene Terephthalate (PBT) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Polybutylene Terephthalate (PBT) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Polybutylene Terephthalate (PBT) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 57 Featured):
- 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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 331 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 1.4 Million Metric Tons |
| Forecasted Market Value by 2030 | 2 Million Metric Tons |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
