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?
Report Overview:
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.
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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.
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Report Scope
Report Attribute
Details
Market Size in 2022
USD 2730 million
Projected Market Size in 2030
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