Jun 28, 2021   SOURCE: BusinessWire

Global Polybutylene Terephthalate (PBT) Market 2021: How Major End-Use Industries for PBT are Impacted by the Pandemic & the New Normal - ResearchAndMarkets.com

The "Polybutylene Terephthalate (PBT) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Polybutylene Terephthalate (PBT) estimated at 1.2 Million Metric Tons in the year 2020, is projected to reach a revised size of 1.6 Million Metric Tons by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027.

Automotive, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach 648.1 Thousand Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electronics & Electrical segment is readjusted to a revised 4.2% CAGR for the next 7-year period. This segment currently accounts for a 35.5% share of the global Polybutylene Terephthalate (PBT) market.

The Polybutylene Terephthalate (PBT) market in the U.S. is estimated at 134.1 Thousand Metric Tons in the year 2020. The country currently accounts for a 11.24% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 599.5 Thousand Metric Tons in the year 2027 trailing a CAGR of 6.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR while Rest of European market (as defined in the study) will reach 599.5 Thousand Metric Tons by the year 2027.

In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 246.8 Thousand Metric Tons in the year 2020 will reach a projected size of 337 Thousand Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 261.1 Thousand Metric Tons by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.

Select Competitors (Total 57 Featured) -

  • BASF SE
  • Celanese Corporation
  • Chang Chun Group
  • China National BlueStar (Group) Co Ltd.
  • Covestro AG
  • Dow Inc.
  • Evonik Industries AG
  • Jiangsu Heshili New Material Co. Ltd.
  • Lanxess AG
  • LG Chem Ltd.
  • Nan Ya Plastics Corporation
  • Polyone Corporation
  • Polyplastics Co. Ltd.
  • Radici Partecipazioni SpA
  • Royal DSM N.V.
  • SABIC
  • Toray Industries Inc.
  • Yingkou Kanghui Petrochemical Co. Ltd.

     

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Thermoplastic Materials: The Workhorse of Modern Manufacturing
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • As India Burns Amid a Lethal Double & Triple Mutation Driven Second Wave, Its Clear That Equity is Not a Part of Global Policy on Tackling COVID
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
  • A Retrospective Review of Year 2020 as the Worst Year in Humanity's History that Left the World in Shambles & Industries and Markets Upended
  • How Are Major End-Use Industries for PBT Impacted by the Pandemic & What's the New Normal?
  • Automotive End-Use Industry
  • Electronics & Electrical (E&E) End-Use Industry

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Myriad Trends in the Automotive Industry Supports Consumption of PBT
  • Electronification in the Auto Industry to Drives Opportunities for PBT
  • Focus on Lightweighting Bodes Well for the Growth of PBT in Automotive Applications
  • Favorable Outlook for EVs & AVs, An Opportunity for PBT Consumption
  • Established Use Case in Electronics Manufacturing to Help PBT Maintain Growth Trajectory
  • After a Lackluster Performance in 2020, Electronics Industry Set to Recover in 2021
  • 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
  • Pandemic Induced Rise in Demand for FTTH/B Amid Shutdowns & Social Distancing, a Lone Bright Spot for PBT in the Year 2020
  • With Electronic Systems Making Big Gains in Healthcare Sector, Its Opportunities Galore for PBT Resins & Formulations
  • Healthcare Electronics: Post COVID-19 Prospects Remain Buoyant
  • Growing Prominence of Bio Polymers Drives Demand for Polybutylene Terephthalate (PBT)

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/qk7zcf

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