Polybutylene Terephthalate (PBT) Market To Witness A Healthy Y-O-Y Growth During 2031

As per the latest revised report published by Fact.MR – a market research and competitive intelligence provider, the global polybutylene terephthalate (PBT) market is anticipated to exceed a valuation of US$ 2.9 Bn globally in 2021, and expand at an impressive CAGR of more than 6% over the forecast period of 2021 to 2031.

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The market is in the growth phase of its lifecycle, registering annual growth of 4.2% from 2016 to 2020. Fact.MR anticipates significant potential in the market, owing to factors such as increasing R&D spending and growing demand for biodegradable PBT polymers.

As a sustainable alternative to petroleum-based plastics, development of bio-based plastics is one of the aspects where a bulk of R&D investments are focused. In the PBT marketplace, research & developments activities are aimed at making PBT greener and efficient by increasing bio-based content along with incorporation of innovative formulations.

As PBT applications range from automotive and electronics to other plastic-based uses, associated environmental concerns and increasing demand for bio-based solutions have led PBT manufacturers to ramp up efforts to devise biodegradable and renewable forms of PBT. Chemical industry titans such as DSM, DuPont, and BASF have introduced bio-based PBT polymers that are equally efficient as their synthetic counterparts, for multiple applications.

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Key Takeaways from Market Study

• The global PBT market is anticipated to expand at a CAGR of over 6% during 2021-31, and is expected to create an absolute $ opportunity worth US$ 2.5 Bn in the same timeframe.
• Demand for PBT is mainly driven by its increased usage in industries such as electrical and electronics, automotive, and consumer goods.
• East Asia along with Europe has driven the consumption of PBT during the historical period, and cumulatively accounted for over 75% market share in 2020.
• North America is one of the emerging market growing at a fast pace, and is expected to progress at a CAGR more than 5% through 2031.
• On the basis of processing method, the market is projected to be dominated by the injection molding method, which will account for around 70%% market share by 2031.

Market Segments Covered in PBT Industry Analysis

• By Type

  • Reinforced Polybutylene Terephthalate
    • 15% Reinforced (GF) Polybutylene Terephthalate
    • 30% Reinforced (GF) Polybutylene Terephthalate
    • 50% Reinforced (GF) Polybutylene Terephthalate
    • >50% Reinforced (GF) Polybutylene Terephthalate
  • Unreinforced Polybutylene Terephthalate

• By Processing Method

  • Injection Moulding Polybutylene Terephthalate
  • Extrusion Polybutylene Terephthalate
  • Others

• By End Use

  • Polybutylene Terephthalate for Automotive
    • Body Panels
    • Ignition Coil Bobbins
    • Covered Insulations
    • Exhaust System part
    • Ignition System
    • Others
  •  Polybutylene Terephthalate for Packaging
    • Food Products
    • Cosmetics
  • Polybutylene Terephthalate for Electrical & Electronics
    • Transformer Coil Bobbins
    • Adapter Coil Bobbins
    • Deflection Coils
    • CRT & Potentiometer Stands
    • Switching connectors
    • Motor Cover and Bushings
    • Others
  • Polybutylene Terephthalate for Consumer Goods
    • Sporting Goods
    • Kitchen Appliances
    • Others
  • Polybutylene Terephthalate for Machinery
    • Transport machinery parts
    • Sewing Machines
    • Textile Machinery Parts
    • Power Tool Parts
    • Others

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The report covers following Polybutylene Terephthalate (PBT) Market insights and assessment that are helpful for all participants involved in the Intradermal Injections market:

• Data on recently introduced regulations and their impact on key industries and on demand in Intradermal Injections
• Latest industry Analysis on Polybutylene Terephthalate (PBT) Market, with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Polybutylene Terephthalate (PBT) Market and changing consumer preferences in major industries.
• Changing Intradermal Injections demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Intradermal Injections major players
• Polybutylene Terephthalate (PBT) Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
• Intradermal Injections demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

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