PBT Market: Growing Applications in Automotive Sector to Sustain Future Demand
Posted by Arslan on March 15th, 2019
In order to dissert the market scenario prevailing across the “PBT Market” sector, Fact.MR has evenly presented a new examination titled “Polybutylene Terephthalate (PBT) Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027”, to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the “PBT Market” in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.
Worldwide consumption for polybutylene terephthalate (PBT) is expected to reach 1,150 kilo tons in 2018, according to Fact.MR valuation.
As per Fact.MR valuation, the steadily rising PBT consumption across the globe is expected to witness an increase of over 50 kilo tons, growing at the rate of 4.8% in 2018 over 2017.
“The landscape of engineering thermoplastic polymers is gaining center stage owing to their superior performance and functional properties. Global consumption of PBT is set to rise on the back of increasing importance of PBT in multiple applications of electronics and automotive industries. Buoyancy in the automotive sector and expansion of the electronics industry have regained the declining sales of PBT in the past decade. In 2018, PBT sales are expected to generate over US$ 2.5 billion market revenues,” says a senior analyst at Fact.MR.
The segmentation of PBT market based on application. Different applications of the PBT includes electrical & electronics, automotive, consumer appliances, industrial, extrusion and others. Supply-demand scenario of PBT in all applications in key regions and market size and forecast are included in this chapter.
Based on application, the PBT market is categorized into electrical & electronics, automotive, consumer appliances, industrial, extrusion and others. A thorough analysis of these applications across regions and their market size forecast in terms of value and volume are covered.
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.
APEJ’s PBT consumption is consolidated in Greater China and will account for over 62% of the regional consumption. Further, flourishing electrical & electronics industry and rapidly growing automotive industry will collectively occupy three fourth of the APEJ consumption in 2018.
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.
Polybutylene Terephthalate (PBT) Market Insights, Trends & Future Development
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