Global Polybutylene Terephthalate (PBT) Market Growth, Trends and Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Polybutylene Terephthalate (PBT) Market - Segmented by End-user Industry, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global polybutylene terephthalate (PBT) market was valued at USD 2,339.84 million, by revenue, in 2017, and is expected to witness a CAGR of 3.59% during the forecast period, 2018-2023.

PBT, owing to its superior material characteristics, such as heat resistance, strength-to-weight ratio, and chemical stability, is increasingly being used to replace traditional materials, including bronze, stainless steel, cast iron, and ceramics, in the automotive industry. Lightweight plastics are in high demand in the transportation industry due to their competitive pricing, high performance, style, reliability, strength, and safety. Plastic components weigh almost 50% lesser than similar components made from other materials, thus, providing 25%-35% improvement in fuel efficiency, which is a key factor in the automotive and transportation industries.

Robust demand from automotive and electrical & electronics industries in Asia-Pacific, primarily from China and India, is estimated to make Asia-Pacific a global leader in the PBT market. The market in China is expected to witness faster growth, compared to other countries, owing to significant increase in the per-capita income of the Chinese middle-class population and the resultant increase in the sale of consumer goods in the region. The manufacturing industry in China is expected to grow on an average more than 7-8% every year, thereby, being the major driving force for the engineering plastics market.

Companies Mentioned

  • A.Schulman Inc.
  • BASF SE
  • Celanese Corporation
  • Chang Chun Plastics Co. Ltd.
  • China National Bluestar Co. Ltd.
  • Clariant
  • DuPont
  • Evonik Industries AG
  • Lanxess
  • Mitsubishi Engineering Plastics Corporation
  • Nan Ya Plasti
  • Polymer Technology And Sevices LLC
  • Polyone Corporation
  • Polyplastics Co. Ltd.
  • Royal DSM N.V.
  • RTP Company
  • Saudi Basic Industries Corporation
  • Sipchem
  • The Dow Chemical Company
  • Toray Industries Inc.
  • Dubay Polymer GmbH

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/xp7ctg/global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Engineering Plastics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Engineering Plastics