H1 2023:The largest producers of Polybutylene Terephthalate (PBT) in the Asia Pacific region in H1 2023 were Chang Chun Plastics Co., Ltd., Wuxi Xingsheng New Material Technology Co., Ltd., Yingkou Kanghui Petrochemical Co., Ltd. In the first half of 2023, prices for Polybutylene Terephthalate (PBT) witnessed an upward trajectory in the Asia Pacific region. Due to supply disruptions and a lack of inventory to meet the demand for the goods, the prices faced an upward movement. The shifting upstream material costs, notably those for PTA and BDO in China, had a significant impact on the PBT market in the Chinese market. Increased offshore inquiries and slower production run rates also had an impact on the pricing movement for PBT. The spike in PBT pricing was caused by the erratic upstream crude oil prices and the low supply of BDO feedstock. The downstream Acrylate Copolymers industry had a healthy demand in the Asia Pacific region. When crude oil prices spiked, the PBT market sensed supply constraints, and led to the increased commodity prices in the Asian nations. In conclusion, the Asian PBT price trend remained generally upward during H1 2023 ending June 2023 due to the variations in demand and supply in the region.
The Asia Pacific Polybutylene Terephthalate (PBT) market stood around 1040 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.15% during the forecast period until 2032.
PBT, or polybutylene terephthalate, is a semi-crystalline synthetic manufactured thermoplastic having characteristics comparable to those of PET. Its traits are similar to those of other thermoplastic polyesters and it belongs to the polyester family of resins. It is a high molecular weight, high performance substance that is frequently described as a strong, stiff, and engineerable plastic. PBT has many advantages for car designers as well as processors. Both the interior and exterior of the car can make use of it. It is more beneficial in many electrical and electronic applications due to its high electrical resistance and dielectric strength. In the automotive industry, PBT is frequently utilised to replace conventional materials including bronze, cast iron, and ceramics. This is due to PBT's superior qualities over these materials, which include heat resistance, strength for weight, and chemical stability. PBT's exceptionally high electrical resistance and high dielectric strength serve as a barrier against leakage and circuitry failure, assisting in the protection of electrical and electronic components. PBT is used to manufacture circuit breakers and switches, power outlets for panels used in modular buildings, the fibre optic buffer tubes and cable liners, Chip sockets, connectors, and sensor housings, insulation for transformers, and circuit boards.
The Asia-Pacific region accounts for the largest market share globally. PBT is becoming more and more popular in industries including electrical and electronics, automotive and transportation, extrusion, and others. China has developed into a major center for manufacturing automotives in recent years and is likely to maintain its position in the coming years. According to OPEC, China produced more than 305 of the global automotives in 2022. The Polybutylene Terephthalate (PBT) Market is primarily driven by the rapid adoption of customized plastics in a variety of end-use applications and the dramatic improvement in the manufacturing industry. Additionally, it is projected that during the anticipated period, demand for PBT thermoplastic materials will rise as a result of the manufacturing sector's improvement. The market for engineering plastics is primarily driven by China's manufacturing sector, which is anticipated to expand in the years to come. The electronics manufacturing sector of the Indian economy is also expanding and developing steadily, particularly in the electrical, electronic, and automotive sectors which are likely to bolster the APAC PBT market in the upcoming years. The size of Asia Pacific Polybutylene Terephthalate (PBT) market is expected to reach around 1550 thousand tonnes by 2032.
Based on consumption, the Polybutylene Terephthalate (PBT) market is mainly ruled by the Asia Pacific region. It is expected that this region would continue to dominate the global Polybutylene Terephthalate (PBT) market. Based on region, APAC is segmented into China, Taiwan, South Korea, Malaysia, and Rest of APAC. Although China leads the APAC Polybutylene Terephthalate (PBT) market followed by South Korea. The Chinese market is anticipated to expand more quickly than those of other nations as a result of the significant increase in the middle class's per capita income and the subsequent increase in sales of consumer products in the area. The market for engineering plastics is primarily driven by China's manufacturing sector, which is anticipated to expand in the upcoming years.
Based on the end-user industry, the Asia Pacific Polybutylene Terephthalate (PBT) market is segmented into Electrical & Electronics, Automotive, Industrial, and Others. Among these, the Electrical & Electronics industry is dominating the Polybutylene Terephthalate (PBT) market and consumed roughly 52% of the market in 2022. PBT can be utilised both inside and outside but is most commonly used in automotive electrical systems. Some of the most frequent uses for PBT are windscreen wiper covers, handles, fans, connectors, power relays, sensor housings, fuse boxes, actuator cases, switches, motor components and ignition system components.
Significant players in the Asia Pacific Polybutylene Terephthalate (PBT) market are Chang Chun Plastics Co., Ltd., Wuxi Xingsheng New Material Technology Co., Ltd., Yingkou Kanghui Petrochemical Co., Ltd., BASF SE, Shinkong Synthetic Materials, Sinopec Yizheng Chemical Fibre Co. Ltd., Toray BASF PBT Resin Sdn. Bhd.,, Shinkong Synthetic Materials, Mitsubishi Chemical Corporation, POLYPLASTICS CO., LTD., Zhejiang Meiyuan New Material Co., Ltd., Henan Kaixiang Chemical Co., Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Polybutylene Terephthalate (PBT) which covers production, demand and supply of Polybutylene Terephthalate (PBT) market in the APAC.
• To analyse and forecast the market size of Polybutylene Terephthalate (PBT)
• To classify and forecast Asia Pacific Polybutylene Terephthalate (PBT) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., of Polybutylene Terephthalate (PBT) market in Asia Pacific region .
To extract data for Asia Pacific Polybutylene Terephthalate (PBT) market, primary research surveys were conducted with Polybutylene Terephthalate (PBT) manufacturers, suppliers, distributors, wholesalers and Traders. 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 segments and projected a positive outlook for Asia Pacific Polybutylene Terephthalate (PBT) market over the coming years.
ChemAnalyst calculated Polybutylene Terephthalate (PBT) demand in the APAC by analyzing the historical data and demand forecast which was carried out considering the production raw material to produce Polybutylene Terephthalate (PBT). 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:
• Polybutylene Terephthalate (PBT) manufacturers and other stakeholders
• Organizations, forums and alliances related to Polybutylene Terephthalate (PBT) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polybutylene Terephthalate (PBT) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Asia Pacific Polybutylene Terephthalate (PBT) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1040 thousand tonnes
Market size Volume by 2032
1550 thousand tonnes
Growth Rate
CAGR of 4.15% from 2023 to 2032
Base year for estimation
2023
Historical Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2022 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End-Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Electrical & Electronics, Automotive, Industrial, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
China, Taiwan, South Korea, Malaysia, and Rest of APAC
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Polybutylene Terephthalate (PBT) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Polybutylene Terephthalate (PBT).
3. Capacity By Location
To better understand the regional supply of Polybutylene Terephthalate (PBT) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Polybutylene Terephthalate (PBT) by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Electrical & Electronics, Automotive, Industrial, and Others) are creating a market and the forecast for the growth of the Polybutylene Terephthalate (PBT) market.
7. Demand by Region
Analyzing the change in demand of Polybutylene Terephthalate (PBT) in different regions, i.e., China, Taiwan, South Korea, Malaysia, and Rest of APAC, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Polybutylene Terephthalate (PBT). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Polybutylene Terephthalate (PBT).
10. Company Share
Figure out what proportion of the market share of Polybutylene Terephthalate (PBT) is currently held by leading players across APAC.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Polybutylene Terephthalate (PBT).
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What is the expected Asia Pacific market size of Polybutylene Terephthalate (PBT) in terms of volume for 2032?
Ans:
The Asia Pacific market size of Polybutylene Terephthalate (PBT) is expected to reach approximately 1550 thousand tonnes by 2032, and it is expected to further expand with a CAGR of 4.15%.
Q2.
What are the major end-use industries of Polybutylene Terephthalate (PBT)?
Ans:
Polybutylene Terephthalate (PBT) is used in Electrical & Electronics, Automotive, and Industrial end use industries.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.