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

Format: Online | Last Updated: Nov 2020

 
Global Polybutylene Terephthalate (PBT) market witnessed a prominent consumption in 2019 and is projected grow at a healthy CAGR of 6.91% during the forecast period. PBT, a highly desired thermoplastic is manufactured mainly by utilizing Butanediol and Terephthalic Acid as raw materials. Tremendous popularity of PBT is attributed to its properties such as high heat resistance and dimensional stability. Since these properties are widely required in the automotive industry due to the high processing associated with the manufacturing process, PBT is prominently utilized in the production of interior and exterior parts of automotive. Other properties of PBT such as corrosion and wear-resistance make it a favorable choice for manufacturing of various components in the electrical and electronic industry. Currently, automotive industry accounts for maximum consumption share of PBT due to its vast usage in the manufacturing of numerous automotive parts. Electric and electronic industry is reported to be the second largest consuming segment owing to the ideal electrical properties offered by PBT at elevated temperature. With growing stress of various economies on adopting eco-friendly materials, increasing research and innovations on biobased Polybutylene Terephthalate could provide lucrative growth opportunities in the coming years.
 
Continuous growth in demand for PBT across various end-use industries has provided incredible opportunities to the manufacturers to widen their profit margins by undertaking new additions according in line with the desired applications. In July 2019, two new products were launched by BASF with names Ultradur B6560 M2 FCTF and Ultradur B6551 LNI. These new innovations offer high dimensional stability along with high melting point that are regarded as promising properties for various applications, thus the launch of these new products is expected to expand the company’s foothold in the Global PBT market. In addition, Dupont and Biesterfeld are reported to strengthen their partnership by rigorously expanding their strategic corporation in CIS countries. Due to limited number of players, there exists tremendous opportunities for potential manufacturers to strengthen their reach in the Global PBT market. However, huge capital expenditure and government restrictions on usage of plastic products are certain restrictions to market entry. For the same reason, Global PBT market is high consolidated in nature with five major players encompassing one-fourth of the total market share. Top five players operating in the market include DuPont, BASF SE, Spichem, Lanxess AG and Toray Industries. 
 
Asia Pacific region accounted for the largest consumption share of PBT in 2019 and is anticipated to maintain its predominance during the forecast period on the back of rapid expansion of electrical and electronic industry. As per the latest analysis, China is the supreme market for PBT due to high consumer demand amid presence of large number of end use industries. North America followed by Europe is expected to deliver huge gains for Global PBT industry due to the increasing initiatives for next generation 5G plans, providing opportunity through bulk manufacturing of electrical and electronic components.
 
Years Considered for this Report:
 
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
 
Objective of the Study: 
 
•The primary objective of the study was to evaluate and forecast PBT capacity, production, demand and demand – supply gap globally.  
•To categorize PBT demand based on end use, region and sales channel. 
•To study company shares in Global PBT market. 
•To identify major customers of PBT globally.
•To evaluate and forecast PBT pricing in Global PBT market.
•To identify and profile major companies operating in Global PBT market.
•To identify major news, deals and expansion plans in Global PBT market. 
 
Global PBT is a highly consolidated market comprising limited number of players due to the high capital investment and chemical processing involved. Major companies operating in Global PBT market include DuPont, BASF SE, Toray Industries, Spichem, Evonik Industries, Royal DSM N.V, SABIC, Lanxess AG, Celanese Corporation, Polyone Corporation, Mitsubishi Engineering Plastic Corporation, Chang Chun Group, Nan Ya Plastic Corporation and Others
 
Prices of PBT witnessed a significant upsurge in 2019 due to appreciable demand from electrical and electronic sector backed by strong fundamentals of feedstock Purified Terephthalic Acid. Strong fundamentals of feedstock coupled with rich demand outlook has caused PBT CFR China prices to settle between USD XX/MT to USD XX/MT. Similarly, PBT prices in North America and Europe have followed similar trajectory and witnessed prominent gains.
To extract data for Global PBT market, primary research surveys were conducted with PBT manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global PBT market over the coming years. 
 
ChemAnalyst calculated PBT global demand by analyzing the historical data and demand forecast was carried out considering feedstock Terephthalic Acid prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
•PBT manufacturers and other stakeholders
•Organizations, forums and alliances related to PBT distribution
•Government bodies such as regulating authorities and policy makers
•Market research and consulting firms
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as PBT manufacturers, distributors, importers and end users. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Report Scope:
 
In this report, the Global PBT market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Market, by End-use
Automotive, Electrical and Electronics, Manufacturing Industry and Others.
Market, by Sales Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North America, APAC, Europe, MEA, South America
 
Market, by Region
 
North America
United States, Mexico, Canada
APAC
China, India, Japan, South Korea, Singapore, Indonesia, Thailand
Europe
Germany, Russia, France, United Kingdom, Spain, Italy
MEA
Saudi Arabia, UAE, South Africa
South America
Brazil, Argentina, Chile
 
Competitive Landscape
 
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial performance, growth strategies, expansion plans, SWOT analysis etc.to give a comprehensive and meaningful insights on the Global PBT market.
 
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
 

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