What is Global Polybutylene Terephthalate (PBT) Resin Market?
The Global Polybutylene Terephthalate (PBT) Resin Market is a vast and dynamic sector that deals with the production, distribution, and consumption of PBT resin, a type of thermoplastic polymer. This market is of significant importance due to the wide range of applications of PBT resin in various industries. The PBT resin is known for its excellent electrical properties, high resistance to heat and chemicals, and superior dimensional stability. These characteristics make it a preferred choice for many manufacturers. The global market for PBT resin is influenced by several factors such as technological advancements, the rise in demand from end-user industries, and the availability of raw materials. The market is also shaped by the strategies adopted by key players such as mergers, acquisitions, and collaborations. The Global PBT Resin Market is not just about the production and sale of PBT resin; it also involves the study of patterns and trends, understanding the needs and demands of the consumers, and making predictions about the future of the market.
Injection Grade PBT, Extrusion Grade PBT, Others in the Global Polybutylene Terephthalate (PBT) Resin Market:
The Global Polybutylene Terephthalate (PBT) Resin Market is segmented based on the type of PBT resin, which includes Injection Grade PBT, Extrusion Grade PBT, and others. Injection Grade PBT is a type of PBT resin that is used in injection molding processes. It is known for its high flowability, excellent dimensional stability, and superior electrical properties. This type of PBT resin is commonly used in the production of automotive parts, electrical components, and consumer goods. On the other hand, Extrusion Grade PBT is a type of PBT resin that is used in extrusion processes. It is characterized by its high heat resistance, excellent mechanical properties, and good processability. This type of PBT resin is typically used in the production of films, sheets, and profiles. The 'Others' category includes various other types of PBT resins that are used in different applications. The segmentation of the market based on the type of PBT resin helps in understanding the demand patterns, consumer preferences, and market trends.
Automotive Industry, Electrical & Electronics, Mechanical Equipment, Others in the Global Polybutylene Terephthalate (PBT) Resin Market:
The Global Polybutylene Terephthalate (PBT) Resin Market finds its applications in various areas such as the Automotive Industry, Electrical & Electronics, Mechanical Equipment, and others. In the Automotive Industry, PBT resin is used in the production of various parts such as connectors, under-the-hood components, and exterior trim parts. The high heat resistance, excellent electrical properties, and superior dimensional stability of PBT resin make it a preferred choice for automotive manufacturers. In the Electrical & Electronics sector, PBT resin is used in the production of connectors, switches, and other components. The high dielectric strength, low moisture absorption, and excellent flame resistance of PBT resin make it suitable for this sector. In the Mechanical Equipment sector, PBT resin is used in the production of gears, bearings, and other components. The excellent mechanical properties, high wear resistance, and good processability of PBT resin make it ideal for this sector. The 'Others' category includes various other sectors where PBT resin is used.
Global Polybutylene Terephthalate (PBT) Resin Market Outlook:
The outlook for the Global Polybutylene Terephthalate (PBT) Resin Market is quite promising. As of 2023, the market was valued at US$ 4162.7 million and is expected to reach US$ 5382 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period of 2024 to 2030. The Asia Pacific region leads the global PBT market, accounting for 59% of the global PBT production. Europe follows as the second-largest market, contributing to 20% of the market. The top three manufacturers of PBT, namely Changchun, BASF, and Sabic, hold about 33% of the market shares. These figures indicate a steady growth in the market, driven by the increasing demand for PBT resin in various industries.
| Report Metric | Details |
| Report Name | Polybutylene Terephthalate (PBT) Resin Market |
| Accounted market size in 2023 | US$ 4162.7 million |
| Forecasted market size in 2030 | US$ 5382 million |
| CAGR | 3.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Chang Chun Group, BASF, SABIC, DuBay Polymer (Lanxess,DuPont), Ticona (Celanese), DuPont, Yingkou Kanghui, Mitsubishi, HNEC, Polyplastics, Toray, BlueStar, Yizheng (Sinopec), Xinjiang Blueridge Tunhe, Shinkong, DSM, Sipchem, Nan Ya Plastics, Jiangsu Heshili |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
