Polybutylene Terephthalate (PBT) Market Forecast Based on Upcoming Trends and Shares until the end of 2027

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In order to study the many forthcoming movements and patterns prevailing in the global market, FactMR has included the latest Forecast report on Polybutylene Terephthalate (PBT) Market to its vast database. The delivered study offers significant figures about the leading regions and applications which are functioning in the Polybutylene Terephthalate (PBT) Market Forthcoming Trends by 2027, along with their market production, consumption, revenue, upcoming industry trends and forecasted market share details. Further, the accomplished market research report also anticipates that the concerned market would grow at a constructive CAGR until 2027.

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Laser transmission welding is gaining center stage with the technique’s growing importance in commercial production of compact plastic parts used across industries including automotive, electronics and consumer electronics. Optical properties of plastic combined with process parameters determine the efficiency of laser transmission welding. Lower transparency of PBT has hindered optimum optical transmission, thereby resulting in low quality laser transmission welding. In the past decade, there have been significant strides in the PBT marketplace wherein PBT manufacturers have ramped up their efforts to increase the transparency of PBT. Leading providers of polybutylene terephthalate have introduced PBT resins with improved transparency and optical properties that deliver better results in laser transmission welding.

Growing Applications in Automotive Sector to Sustain Future PBT Demand

Plastic polymers have become an integral part of automobiles wherein increasing demand for fuel efficiency, comfort and light-weight has further increase reliance on the plastic polymers. PBT remains the preferable choice of material for multiple electric components used in automobiles including connectors, sensors, control devices, switches, power sockets and transformer insulation.

In addition, increasing production of electric vehicles has generated the need for highly efficient and compact-sized electric components. Owing to PBT’s beneficial electrical, chemical, thermal and mechanical properties such as dimensional stability, high stiffness, and greater heat resistance, demand for PBT in the automotive sector is set to rise in the future.

Browse Full Report on Polybutylene Terephthalate (PBT) Market with TOC – https://www.factmr.com/report/2406/pbt-market

The PBT market report provides the most comprehensive analysis of the competitive landscape prevailing in the PBT marketplace. A thorough discussion on the PBT market players’ business strategies enables the readers to fathom the product offerings of different market players, the market size of key players and competitive scenario in the PBT marketplace. Key companies profiled in the PBT market report include BASF SE, Chang Chun Plastics, DSM Engineering Plastics, Lanxess AG, DuPont, SABIC, Mitsubishi Chemical, Polyplastics, Shinkong Synthetic Fibers, Celanese Corporation, Toray Industries, SipChem and others.

Manufacturers in the PBT marketplace are leveraging acquisition and production capacity expansion strategies. For instance, In December 2017, Celanese Corporation, a U.S. headquartered specialty materials company announced agreement signing to acquire Omni Plastics and its subsidiaries which includes the company distributor Resinal de Mexico. With the acquisition, Celanese is planning to integrate Omni Plastic’s thermoplastic compound portfolio which includes polybutylene terephthalate formulations. In 2018, Celanese also acquired India’s leading engineered thermoplastic compound provider Next Polymers Ltd. after sensing the lucrative opportunity in the country.

In the second quarter of 2018, Saudi International Petrochemical Company (Sipchem) announced the commencement of commercial operations of PBT plant in Jubail Industrial City, first in the Middle East. The PBT plant capacity is 63,000 mtpa and is said to be a crucial expansion step taken by Sipchem to ensure growth in the region. In March 2018, LAXNESS, a leading provider of polyamide 6, polyamide 66 and PBT commissioned a new production line thermoplastic specialty compounds with capacity expansion by 10,000 metric tons/year in Krefeld-Uerdingen, Germany.

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