Jul 20, 2022   SOURCE: BusinessWire

Polybutylene Terephthalate (PBT) Global Market Report 2022-2026: Favorable Outlook for EVs & AVs Presents Growth Opportunities - ResearchAndMarkets.com

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

Global Polybutylene Terephthalate (PBT) Market to Reach 1.5 Million Metric Tons by 2026

A white or off-white, semi-crystalline thermoplastic polyester, PBT exhibits properties and composition similar to that of polyethylene terephthalate (PET). The material comes under the polyester resin category. Amid the COVID-19 crisis, 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 1.5 Million Metric Tons by 2026, growing at a CAGR of 4.7% over the analysis period.

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 a thorough 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 U.S. Market is Estimated at 136 Thousand Metric Tons in 2021, While China is Forecast to Reach 561.9 Thousand Metric Tons by 2026

The Polybutylene Terephthalate (PBT) market in the U.S. is estimated at 136 Thousand Metric Tons in the year 2021. 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 561.9 Thousand Metric Tons in the year 2026 trailing a CAGR of 6.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.2% respectively over the analysis 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 close of the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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
  • Measuring the Growing Importance of Electronics in Cars: Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
  • Focus on Lightweighting Bodes Well for the Growth of PBT in Automotive Applications
  • Post Pandemic, Massive Engineering Interest in Lightweighting Will Create Interest in PBT in Auto Parts & Components Production: Global Automotive Lightweight Materials Market (In US$ Billion) for the Years 2022, 2024 & 2026
  • Favorable Outlook for EVs & AVs, An Opportunity for PBT Consumption
  • Growing Demand for EVs Brings Good News for PBT Manufacturers: Number of EVs On Road Worldwide by Type (In Units) for the Years 2019 and 2022
  • Global Autonomous Vehicle Sales (In Million)
  • 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
  • Exploding Fiber Optic Communication Benefits Demand for PBT Granules in Optical Fiber Cable Production: Global Opportunity for Fiber-to-the-Home/Building (FTTH/B) (In US$ Million) for Years 2020, 2022, 2024 and 2026
  • 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

Companies Mentioned

  • Almaak International GmbH
  • Avient Corporation
  • BASF SE
  • China National BlueStar (Group) Co, Ltd.
  • Covestro AG
  • Celanese Corporation
  • Chang Chun Group
  • Royal DSM N.V.
  • DuPont de Nemours, Inc.
  • Enviroplas, Inc.
  • Evonik Industries AG
  • Jiangsu Heshili New Material Co., Ltd.
  • Lanxess AG
  • LG Chem Ltd.
  • Mitsubishi Chemical Corporation
  • Nan Ya Plastics Corporation
  • Polyplastics Co., Ltd.
  • Radici Partecipazioni SpA
  • SABIC
  • SASA Polyester Sanayi A.S.
  • Saudi International Petrochemical Company (Sipchem)
  • Toray Industries, Inc.
  • Yingkou Kanghui Petrochemical Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/ulhi0i