[230 + Pages Report] According to a market research study published by Zion Market Research, the demand analysis of Global Polybutylene Terephthalate (PBT) Market size & share revenue was valued at around USD 2730 million in 2022 and is estimated to grow about USD 4310 million by 2030, at a CAGR of approximately 5.88% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are Evonik Industries AG, Nan Ya Plastics Corporation, BASF SE, Daicel Corporation, DuPont de Nemours Inc., Lanxess AG, Saudi International Petrochemical Company (Sipchem), Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Koninklijke DSM NV, Mitsubishi Chemical Corporation, Celanese Corporation, Clariant AG, LG Chem Ltd., Chang Chun Group, Toray Industries Inc., and others.
New York, NY, Sept. 01, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Polybutylene Terephthalate (PBT) Market By Type (Reinforced And Unreinforced), By End-Use (Automotive, Electrical & Electronics, Packaging, And Consumer Goods), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Polybutylene Terephthalate (PBT) Market size & share in terms of revenue was valued at USD 2730 million in 2022 and it is expected to surpass around USD 4310 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.88% during the forecast period 2023 to 2030.”
What is Polybutylene Terephthalate (PBT)? How big is the Polybutylene Terephthalate (PBT) Industry?
The global polybutylene terephthalate (PBT) market size was evaluated at $2730 million in 2022 and is slated to hit $4310 million by the end of 2030 with a CAGR of nearly 5.88% between 2023 and 2030.
Insulation is a common use for the thermoplastic industrial polymer known as polybutylene terephthalate, or PBT for short. PBT is commonly used in the electrical and electronic industries. In addition, polybutylene terephthalate, or PBT, is resistant to the effects of solvents, shrinks less throughout the production process, and possesses a high level of mechanostrength. In addition to this, it is resistant to heat and can be coated with flame retardants, which will prevent it from catching fire. According to the reports, it has a close relationship with a number of other types of thermoplastic polymers. In addition to this benefit, polybutylene terephthalate provides several other advantages to the designers of passenger and commercial vehicles.
Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs – https://www.zionmarketresearch.com/sample/polybutylene-terephthalate-pbt-market
(A free sample of this report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 230+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Global Polybutylene Terephthalate (PBT) Market: Growth Factors
By the year 2030, the global market will have reached new heights of growth thanks to the increased consumption of the product across a variety of end-use industries.
The global market for polybutylene terephthalate (PBT) is expected to experience significant growth as a consequence of the extensive use of PBT in a variety of end-use industries, including the electrical and electronic, automotive, construction, and residential markets. In addition, the product’s ability to resist fire has broadened its applicability across a wide variety of end-use industries all over the world. In addition, PBT exhibits remarkable electrical insulating properties and is resistant to heat and chemicals, which enables it to influence the trends of the global market. The expansion of the product’s global market has been accelerated by the spike in demand seen for it in the telecommunications and consumer electronics industries.
For the record, polybutylene terephthalate contributes to the reduction of weight in automobiles. As a consequence, fuel consumption has been cut significantly, and fewer fuel emissions have been produced by vehicles. This has, in turn, contributed to an increase in its adoption, which comes at a time when there is a growing emphasis on minimising greenhouse impacts and GHG emissions into the environment. In addition, it is anticipated that the introduction of new products will not only result in an expansion of the company’s product offering but will also make a major contribution to the profitability of the worldwide market in the years to come. For instance, in the second quarter of the year 2022, the company Qosina, which is a major provider of single-use products to the pharmaceutical and healthcare industries, introduced pinch clamps made of PBT as an alternative to nylon for use in single-use products.
Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/polybutylene-terephthalate-pbt-market
|Market Size in 2022||USD 2730 million|
|Projected Market Size in 2030||USD 4310 million|
|CAGR Growth Rate||5.88% CAGR|
|Key Market Players||Evonik Industries AG, Nan Ya Plastics Corporation, BASF SE, Daicel Corporation, DuPont de Nemours Inc., Lanxess AG, Saudi International Petrochemical Company (Sipchem), Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Koninklijke DSM NV, Mitsubishi Chemical Corporation, Celanese Corporation, Clariant AG, LG Chem Ltd., Chang Chun Group, Toray Industries Inc., and others.|
|Key Segment||By Type, By Application, and By Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
|Purchase Options||Request customized purchase options to meet your research needs. Explore purchase options|
Polybutylene Terephthalate (PBT) Market: Segmentation Analysis
The market for polybutylene terephthalate (PBT) on a global scale can be segmented according to type, end-use, and geography.
The global market for polybutylene terephthalate can be broken down into two categories, reinforced and unreinforced, based on the material’s nature. In addition, the reinforced category, which accounted for over half of the total revenue generated by the global market in 2022, is anticipated to report the highest CAGR in the years to come. It is possible that an increase in demand for reinforced polybutylene terephthalate (PBT) across a variety of end-use sectors will be the driving factor behind the expansion of the segment in the years to come.
The global market for polybutylene terephthalate can be segmented into the automotive, electrical & electronics, packaging, and consumer goods submarkets, depending on the end-use application of the product. In addition, it is projected that the automotive sector, which contributed lucratively to the global industry share in 2022, would keep its dominant position in the global industry in the years to come. This prediction is based on the fact that the automotive sector is expected to continue its strong growth. Because of their advantageous characteristics, which include resistance to heat and chemicals, chemical stability, and a strength-to-weight ratio that is equitable, the segmental expansion over the anticipated time period may be subject to huge use of the product in the manufacturing of automobiles.
The global Polybutylene Terephthalate (PBT) market is segmented as follows:
- Electrical & Electronics
- Consumer Goods
Browse the full “Polybutylene Terephthalate (PBT) Market By Type (Reinforced And Unreinforced), By End-Use (Automotive, Electrical & Electronics, Packaging, And Consumer Goods), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030″ Report At https://www.zionmarketresearch.com/report/polybutylene-terephthalate-pbt-market
Some of the main competitors dominating the global Polybutylene Terephthalate (PBT) market include –
- Evonik Industries AG
- Nan Ya Plastics Corporation
- BASF SE
- Daicel Corporation
- DuPont de Nemours Inc.
- Lanxess AG
- Saudi International Petrochemical Company (Sipchem)
- Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- Koninklijke DSM NV
- Mitsubishi Chemical Corporation
- Celanese Corporation
- Clariant AG
- LG Chem Ltd.
- Chang Chun Group
- Toray Industries Inc.
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Polybutylene Terephthalate (PBT) market is likely to expand at a CAGR of around 5.88% during the forecast period (2023-2030).
- In terms of revenue, the Polybutylene Terephthalate (PBT) market size was valued at around US$ 2730 million in 2022 and is projected to reach US$ 4310 million by 2030.
- The global polybutylene terephthalate market is anticipated to record massive growth over the forecast period owing to a humungous application of polybutylene terephthalate (PBT) in electrical, electronics, automotive, construction, and residential sectors.
- In terms of type, the reinforced segment is slated to register the fastest CAGR over the analysis period.
- Based on the end-use, the automotive segment is anticipated to dominate the segment over the projected period.
- Region-wise, the North American polybutylene terephthalate (PBT) market is projected to register the highest CAGR during the assessment timeline.
Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/polybutylene-terephthalate-pbt-market
Key questions answered in this report:
- What is the market size and growth rate forecast for Polybutylene Terephthalate (PBT) industry?
- What are the main driving factors propelling the Polybutylene Terephthalate (PBT) Market forward?
- What are the leading companies in the Polybutylene Terephthalate (PBT) Industry?
- What segments does the Polybutylene Terephthalate (PBT) Market cover?
- How can I receive a free copy of the Polybutylene Terephthalate (PBT) Market sample report and company profiles?
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Type, By Application, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Request for Customization on this Report as per your requirements – https://www.zionmarketresearch.com/custom/7492
(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
Asia-Pacific is likely to retain its global market dominance during the forecast period
Asia-Pacific, which accounted for half of the global polybutylene terephthalate (PBT) market revenue in 2022, will be the leading region during the projected timeline. Moreover, the growth of the regional market over the expected timespan can be subject to the rise in product preference in the automotive, transport, electrical & electronics, and extrusion sectors in countries such as India and China. Apparently, the presence of giant manufacturers in the sub-continent will majorly influence the market profitability of the region, thereby boosting the regional market trends.
The North American polybutylene terephthalate (PBT) industry is set to register the highest CAGR in the next couple of years due to the use of the product in the flourishing manufacturing sector in countries such as Canada and the U.S. Increase in the purchase of consumer goods will further proliferate the regional industry demand in the coming years.
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/polybutylene-terephthalate-pbt-market
Browse Other Related Research Reports from Zion Market Research:
At 14.70% CAGR, Global Health Care Provider Management Market Size & Share to Surpass US$ 7.05 Billion By 2028 | Health Care Provider Management Industry Trends, Share, Growth, Value, Analysis & Forecast Report By ZMR:: https://www.prnewswire.co.uk/news-releases/at-14-70-cagr-global-health-care-provider-management-market-size–share-to-surpass-us-7-05-billion-by-2028–health-care-provider-management-industry-trends-share-growth-value-analysis–forecast-report-by-zmr-301734874.html
Global Report on Brain Health Supplements Market Size & Share Worth USD 15.75 Billion, to Record a 8.4% CAGR by 2030 | Brain Health Supplements Industry Trends, Segmentation, Analysis & Forecast by Zion Market Research:: https://www.prnewswire.co.uk/news-releases/global-report-on-brain-health-supplements-market-size–share-worth-usd-15-75-billion-to-record-a-8-4-cagr-by-2030–brain-health-supplements-industry-trends-segmentation-analysis–forecast-by-zion-market-research-301736391.html
Global Demand of Insurance Brokerage Market Size & Share to Grow at a CAGR of 16.1%, Expected to Hit USD 278.30 Billion Mark by 2030 | Insurance Brokerage Industry Trends, Analysis & Forecast Report by Zion Market Research:: https://www.prnewswire.com/news-releases/global-demand-of-insurance-brokerage-market-size–share-to-grow-at-a-cagr-of-16-1-expected-to-hit-usd-278-30-billion-mark-by-2030–insurance-brokerage-industry-trends-analysis–forecast-report-by-zion-market-research-301736432.html
Global Report on Center Pivot Irrigation Systems Market Size & Share Worth USD 9.8 Billion, to Record a 14.6% CAGR by 2030 | Center Pivot Irrigation Systems Industry Trends, Segmentation, Analysis & Forecast by ZMR:: https://www.prnewswire.co.uk/news-releases/global-report-on-center-pivot-irrigation-systems-market-size–share-worth-usd-9-8-billion-to-record-a-14-6-cagr-by-2030–center-pivot-irrigation-systems-industry-trends-segmentation-analysis–forecast-by-zmr-301737527.html
Global Dermal Filler Market Size & Share Projected to Hit at USD 11.7 Billion and Rise at a CAGR of 10.5% By 2030: Industry Trends, Demand, Value, Analysis & Forecast Report | Zion Market Research:: https://www.prnewswire.com/news-releases/global-dermal-filler-market-size–share-projected-to-hit-at-usd-11-7-billion-and-rise-at-a-cagr-of-10-5-by-2030-industry-trends-demand-value-analysis–forecast-report–zion-market-research-301739403.html
$88.6 Billion Downstream Processing Markets 2030 – Global Size, Forecast Report by Zion Market Research:: https://www.prnewswire.com/news-releases/88-6-billion-downstream-processing-markets-2030—global-size-forecast-report-by-zion-market-research-301741027.html
At 4.5% CAGR, Global Cane Molasses Market Size & Share to Surpass USD 8.1 Billion by 2030: Industry Trends, Demand, Value, Analysis & Forecast Report by Zion Market Research:: https://www.prnewswire.co.uk/news-releases/at-4-5-cagr-global-cane-molasses-market-size–share-to-surpass-usd-8-1-billion-by-2030-industry-trends-demand-value-analysis–forecast-report-by-zion-market-research-301742007.html
At 5.95% CAGR, Global Protein Films Market Size, Trends & Share to Surpass USD 2.21 Billion by 2028: Industry Demand, Value, Analysis & Forecast Report by Zion Market Research:: https://www.prnewswire.co.uk/news-releases/at-5-95-cagr-global-protein-films-market-size-trends–share-to-surpass-usd-2-21-billion-by-2028-industry-demand-value-analysis–forecast-report-by-zion-market-research-301743135.html
At 4.4% CAGR, Global Digital Photography Market Size, Trends & Share to Surpass USD 149.4 Billion by 2028: Industry Demand, Value, Analysis & Forecast Report by Zion Market Research:: https://www.prnewswire.co.uk/news-releases/at-4-4-cagr-global-digital-photography-market-size-trends–share-to-surpass-usd-149-4-billion-by-2028-industry-demand-value-analysis–forecast-report-by-zion-market-research-301744029.html
At 4.3% CAGR, Global Crash Barrier System Market Size, Trends & Share to Surpass USD 8.11 Billion by 2028: Industry Demand, Value, Analysis & Forecast Report by Zion Market Research:: https://www.prnewswire.co.uk/news-releases/at-4-3-cagr-global-crash-barrier-system-market-size-trends–share-to-surpass-usd-8-11-billion-by-2028-industry-demand-value-analysis–forecast-report-by-zion-market-research-301745152.html
At 11% CAGR, Global Infrastructure System Market Size, Trends & Share to Surpass USD 5.9 Trillion by 2028: Industry Demand, Value, Analysis & Forecast Report by Zion Market Research:: https://www.prnewswire.co.uk/news-releases/at-11-cagr-global-infrastructure-system-market-size-trends–share-to-surpass-usd-5-9-trillion-by-2028-industry-demand-value-analysis–forecast-report-by-zion-market-research-301745237.html
Research Report: Global Respiratory Diagnostics Market Size & Share to Surpass $13.8 Billion by 2030: Growing geriatric population to drive the market growth by Zion Market Research:: https://www.prnewswire.co.uk/news-releases/research-report-global-respiratory-diagnostics-market-size–share-to-surpass-13-8-billion-by-2030-growing-geriatric-population-to-drive-the-market-growth-by-zion-market-research-301746411.html
Global Pet Food Market Size & Share to Surpass $118.17 Billion by 2028: Dry food and canned dog food are witnessing rapid growth in the market report by Zion Market Research:: https://www.prnewswire.com/news-releases/global-pet-food-market-size–share-to-surpass-118-17-billion-by-2028-dry-food-and-canned-dog-food-are-witnessing-rapid-growth-in-the-market-report-by-zion-market-research-301747840.html
Research Report on Global Automotive Finance Market Size & Share to Surpass $452 Billion by 2030: Growth in vehicle sales to propel market demand by Zion Market Research:: https://www.prnewswire.com/news-releases/research-report-on-global-automotive-finance-market-size–share-to-surpass-452-billion-by-2030-growth-in-vehicle-sales-to-propel-market-demand-by-zion-market-research-301749822.html
The Global Copper Wire and Cable Market Size: Forecasted Growth to USD 249.1 Billion by 2030, at a CAGR of 5.77% Driven by Rising Demand and The Lucrative Growth Prospects In the Industry report by Zion Market Research:: https://www.prnewswire.co.uk/news-releases/the-global-copper-wire-and-cable-market-size-forecasted-growth-to-usd-249-1-billion-by-2030–at-a-cagr-of-5-77-driven-by-rising-demand-and-the-lucrative-growth-prospects-in-the-industry-report-by-zion-market-research-301750737.html
About Zion Market Research:
Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/
Follow Us on Twitter: https://twitter.com/zion_research
Follow Us on Facebook: https://www.facebook.com/zionmarketresearch
Follow Us on Pinterest: https://www.pinterest.com/zionmarketresearch/
Follow Us on YouTube: https://youtu.be/Y0Yfi7N8zSs
Zion Market Research
USA/Canada Toll Free: 1 (855) 465-4651
Newark: 1 (302) 444-0166
India: +91 7768 006 007, +91 7768 006 008
Skype no: +13479038971, +17187054574
Skype no. United Kingdom: +442032894158
Still, Looking for More Information? OR Want Data for Inclusion in Magazine, Case Study, or Media?
Email Directly Here with Detail Information: [email protected]
Originally published at https://www.einpresswire.com/article/653266300/global-polybutylene-terephthalate-pbt-market-size-anticipates-4-31-billion-by-2030-with-5-88-cagr-polymer-power-reshaping-the-future