Global Polybutylene Terephthalate (PBT) Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Polybutylene Terephthalate (PBT) Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By End User Industry (Automotive, Electrical and Electronics, Industrial and Machinery, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Polybutylene Terephthalate (PBT) Market was valued at USD 3,133.9 million in 2023 and is expected to reach USD 5,198.3 million by 2031 while growing at a CAGR of 6.5% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global polybutylene terephthalate (PBT) market growth. Polybutylene Terephthalate (PBT), a high-performance thermoplastic polymer in the polyester family, exhibits an excellent combination of mechanical, electrical, and thermal properties. Derived from the polymerization of butanediol (BDO) and terephthalic acid (PTA) or dimethyl terephthalate (DMT), PBT is suitable for a diverse range of applications.
Increasing demand in the automotive industry and rising needs in electrical and electronics applications propel the growth of the polybutylene terephthalate (PBT) market. However, obstacles such as competition from other engineering plastics and high production costs may impede further market expansion.
Furthermore, the global polybutylene terephthalate (PBT) industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By End User Industry Analysis
The Global Polybutylene Terephthalate (PBT) Market is segmented among Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery, and Others, based on End User Industry. In 2023, Automotive accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Polybutylene Terephthalate (PBT) Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are BASF SE, Chang Chun Group, China Petroleum & Chemical Corporation, Daicel Corporation, DuBay Polymer GmbH, Hengli Group Co., Ltd., SABIC, Shinkong Synthetic Fibers Corp., Toray Industries, Inc., and Wuxi Xingsheng New Material Technology Co., Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Polybutylene Terephthalate (PBT) Market Dynamics
Drivers
Restraints
Opportunity
4. Global Polybutylene Terephthalate (PBT) Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Polybutylene Terephthalate (PBT) Market Segmentation, By End User Industry
Global Polybutylene Terephthalate (PBT) Market Share Analysis, By End User Industry
Global Polybutylene Terephthalate (PBT) Market Growth Analysis, By End User Industry
Global Polybutylene Terephthalate (PBT) Market Trends, By End User Industry
o Aerospace
o Automotive
o Electrical and Electronics
o Industrial and Machinery
o Others
6. Global Polybutylene Terephthalate (PBT) Market Segmentation, By Region
Global Polybutylene Terephthalate (PBT) Market Share Analysis, By Region
Global Polybutylene Terephthalate (PBT) Market Growth Analysis, By Region
Global Polybutylene Terephthalate (PBT) Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
7. Competitive Landscape
BASF SE.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Chang Chun Group
China Petroleum & Chemical Corporation
Daicel Corporation
DuBay Polymer GmbH
Hengli Group Co., Ltd.
SABIC
Shinkong Synthetic Fibers Corp.
Toray Industries, Inc.
Wuxi Xingsheng New Material Technology Co.,Ltd
*Similar analysis will be provided for each company listed above.