Global Polybutylene Terephthalate Market 2016-2020
About Polybutylene Terephthalate
PBT is a saturated polyester that is mainly obtained from butanediol (BDO) and terephthalic acid or dimethyl terephthalate (DMT). It is extensively used in the polymers and plastics industry because it offers high-performance blends like polyethylene terephthalate (PET), acrylonitrile styrene acrylate (ASA), and others. PBT offers a valuable combination of high technical properties and good dimensional stability because of its properties of low water absorption, high stiffness, and excellent resistance to heat.
Technavio’s analysts forecast the global PBT market to grow at a CAGR of 6.39% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global PBT market for 2016-2020. To calculate the market size, the report considers the consumption of PBT for various applications such as automotive, electrical and electronics, extrusion products, and consumer appliances.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global PBT Market 2016-2020
Technavio recognizes the following companies as the key players in the global PBT market: BASF, Celanese, DuPont, Lanxess, SABIC, and Toray.
Other Prominent Vendors in the market are: Almaak International, China National BlueStar, DSM, Evonik, Jiangsu Heshili New Material, Polyplastics, Mitsubishi Engineering-Plastics, and SASA Polyester Sanayi A.S.
Commenting on the report, an analyst from Technavio’s team said: “One trend that will gain traction in the global PBT market is Miniaturization of electrical components. A massive drive toward miniaturization of electronic components and systems can be observed globally. The demand for small cables and electrical circuits is increasing in electrical and electronic components. Another key area where miniaturization is taking the forefront is reed sensors and planar transformers.”
According to the report, development of new product will drive growth in the market. PBT blends provide a balance of chemical resistance and mechanical strength at extreme temperature for a wide range of applications such as automotive and electrical and electronic. However, demand for more sustainable, eco-friendly, and green materials that have the same properties as PBT is arising in the market. To meet this demand, key vendors are investing in the R&D of highly recyclable PBT with excellent chemical and mechanical properties. The use of highly recyclable PBT blends is the key to developing more sustainable and green world for future applications.
Further, the report states that a major factor that adversely affects the growth of the global PBT market is the lack of sophisticated technologies to support the substitution of traditional petroleum-based polymers with bio-based PBT. This hinders the penetration of biodegradable PBT in many end-use application segments such as textile and packaging where traditional polymers are used. The development of an appropriate technology can bridge this gap, allowing the manufacture of high-performance based PBT that will enable many more end-user applications for bio-based PBT.
BASF, Celanese, DuPont, Lanxess, SABIC, Toray, Almaak International, China National BlueStar, DSM, Evonik, Jiangsu Heshili New Material, Polyplastics, Mitsubishi Engineering-Plastics, SASA Polyester Sanayi A.S.