LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the consumption in the global polubutylene terephthalate market is expected to reach 1.24 million tons by 2019, growing at a CAGR of close to 6%.
This research report titled ‘Global Polubutylene Terephthalate (PBT) Market 2015-2019’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
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The report categorizes the global PBT market into four major application segments. They are:
- Electrical and electronics
- Consumer appliances
- Extrusion products
Global PBT market in electrical and electronics segment
In 2014, the electrical and electronics segment dominated the market global PBT market with a share of more than 45%. Different variants of PBT have been designed to be used for different electrical and electronic parts in both signal and power uses. Some of the main electrical components are connectors, sockets, boards, sensor coverings, transformer insulation, switches, and power sockets. Plastics need to have exceptional electrical properties, extensive mechanical properties, and high dimensional stability under heat, and all these properties are exhibited by PBT. As a result, PBT is used extensively in all these applications wherever electricity is flowing.
“Ultradur, one of the major PBT products manufactured by BASF, has been an ideal material to be used in different applications in the field of electrical engineering and electronics. This product is capable of exhibiting dimensional stability under extreme heat and has strong hydrolysis resistance and excellent laser-wielding properties,” says Mukesh Chandra Anchuri, a lead specialty chemicals research analyst from Technavio.
Global PBT market in automotive segment
The consumption in the PBT market in the automotive segment was 310.6 kilotons in 2014 and is expected to reach 418.2 kilotons by 2019, growing at a CAGR of more than 6%. The combination of extremely high electrical and mechanical properties coupled with high chemical resistance and good thermal stability helps in creating opportunities for PBT and PBT alloys to be used in automotive applications. PBT finds its extensive use in all the auto electrical system components along with the interior and exterior automotive parts as well.
“Some of the major examples of automotive components that are manufactured using PBT are mirror housings, windshield wipers, vents, handles, fuel system components, fuse boxes, and all the ignition system components,” says Mukesh.
Global PBT market in consumer appliances segment
The packaging and consumer goods segment has been witnessing huge growth due to the increased use of bioplastics in various industries, including the food and cosmetics industries. This is mainly attributed to the increase in improvements in R&D, technological advances, and the increase in demand for PBT packaging across the globe. Also, bio-based PBT has been widely used for packaging in countries like China, Japan, and India due to the changes in consumer lifestyles, the increase in the disposable income, and the increasing demand for packaged and convenience foods.
Global PBT market in extrusion products segment
The market share of the global PBT market in the extrusion products segment is expected to reach 8.6% in 2019, growing at a CAGR of more than 6%. Many products are made with the help of the extrusion molding process. Some products like laminated containers, toothbrushes, and paintbrushes are made with the help of the extrusion molding process. The process is mainly used for producing buffer tubes that are used in fiber optic cables. There has been a trend for extrusion products that maintain better tensile properties than other normal PBT-based products. Ultradur B6550L, a product manufactured by BASF, offers excellent feeding performance for extruders. Some of these products are used for thin-walled pipes that are generally used in fuel pipes, oil pipes, and hydraulic control lines.
The top vendors highlighted by Technavio’s research analysts in this report are:
Browse Related Reports:
- Global Bio-based Polyethylene Terephthalate (PET) Market 2015-2019
- Global High-performance Thermoplastics Market 2015-2019
- Global Polysilicon Market 2015-2019
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