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Polybutylene Terephthalate (PBT)

Polybutylene Terephthalate (PBT) Price Trend and Forecast

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Polybutylene Terephthalate (PBT) Price Trend and Forecast

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Market Overview

For the Quarter Ending June 2021

North America

During the second quarter in 2021 PBT supplies in the North Americas region were balanced due to the pickup in the industrial manufacturing after the petrochemical industry faced a major operational setback due to winter storm disruptions in Q1. As the North American region increased the construction activities amid the peak demand season, PBT demand proportionally surged in Q2. Offtakes were also constant from the automotive and electronics industry as the buying sentiments rose with vaccine optimism. As a repercussion of high demand in the downstream market, PBT prices continuously rallied upwards with FOB Texas offers trading at USD 5240 per tonne in June.

Asia Pacific

Polybutylene Terephthalate (PBT) market outlook varied in different parts of the Asia Pacific in the second quarter of 2021. Despite several turnarounds at major producing facilities in China, supplies remained balanced owing to ample availability of feedstock BDO in Q2 2021. However, demand slumped in India in the first half of the quarter as the demand was severely impacted by the second COVID wave which pressured the production rates along with restricted market movement. Hence traders were reluctant to keep the inventory levels high. As a ripple effect, PBT pricing trend in the Indian market stabilized with Ex-Works Kandla offers in June assessing at USD 4144 per tonne. The ease in semiconductors shortages helped in pushing the automotive manufacturing, thereby supporting demand from the automotive sector.

Europe

PBT supplies in the European region witnessed a gradual improvement, but the overall market outlook remained tight in the second quarter in 2021. The shortages of the upstream BDO restricted the production by certain margins. Furthermore, the situation was exacerbated due to the declaration of force majeure by several manufacturers and delayed imports. PBT demand was exceptional in the second quarter due to seasonal hike in the construction activities further supported by spike in the automotive production.

For the Quarter Ending March 2021

North America

The US PBT production stood restrained due to low availability of feedstock BDO during Q1 2021. LyondellBasell declared force majeure at its propylene oxide (PO) plant at Texas, that curtailed the production of its derivative BDO across the region. This force majeure tightened the supply of feedstock BDO which ultimately affected the production of PBT. Meanwhile, price increase in BDO and its derivatives by BASF during December 2020 which became effective from 1st January prompted consumers to pay more. In addition, BASF further announced positive revision in its BDO prices of its derivatives PBT.

Asia

The Asian market saw upward trend in demand for PBT during Q1 2021. Consistent rise in the Indian demand enhanced the market sentiments that pushed up the prices of PBT during the quarter. CFR JNPT price of PBT rose to around USD 1353 per MT in March 2021. Container shortage and congestion at several Europe-Asia routes forced the prices to shoot up consistently in the past few months. Lunar New Year holidays in China created low availability for PBT, firm demand from the domestic market supported the price curve.

Europe

Europe had to face low PBT availability during Q1 2021. Feedstock BDO supply remained tight in the European countries that supported its prices. LyondellBasell’s PO manufacturing unit at Rotterdam faced forced majeure due to some technical issues, that reduced the availability of feedstock PO which ultimately restrained the PBT supply. Demand remained robust, with rise in automotive manufacturing across the region.

Polybutylene Terephthalate (PBT) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Polybutylene Terephthalate (PBT) is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Polybutylene Terephthalate (PBT) market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Polybutylene Terephthalate (PBT) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polybutylene Terephthalate (PBT) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polybutylene Terephthalate (PBT) market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Polybutylene Terephthalate (PBT) are analyzed and region-wise demand pattern is tracked.

About

Polybutylene Terephthalate (PBT) is a thermoplastic polymer having chemical formula (C₁₂H₁₂O₄)_n. it is a white crystalline solid with melting point 223°C, hence found solid at room temperature. PBT is a type of polyester and closely related to Polyethylene Terephthalate (PET). PBT is produced by the polycondensation of 1,4-butanediol (BDO) with terephthalic acid. It’s an amazing material with some outstanding qualities like high thermal resistivity, chemical resistivity, and dimensional stability. These qualities make it suitable for engineering applications in electronic and automotive sector. Furthermore, in electrical sector it is utilised for making plugs, connectors, switches, and other similar products. In the automotive sector, PBT is primarily used in under-hood applications and also for making interiors and exteriors. Despite of being closely related to PET, it is preferred as better alternative of PET due to its higher flexibility and toughness.

Product Specific Details

CAS No.: 26062-94-2; HS Code: 39079150; Grades: Standard (Filled/Unfilled), Flame Retardant (Filled/Unfilled); Packaging Size: 25Kg bag/Container; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot

Countries Covered:

APAC – China, Japan, India, South Korea, Singapore,

Europe – Germany, France, Belgium

America – USA, Brazil

MEA – Saudi Arabia, UAE, South Africa

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Polybutylene Terephthalate (PBT) Price Trend and Forecast