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Global PBT Compounds Market Insight December 30, 2021 Comments

The PBT compound is forecast to continue rising steadly over the next four years. According to the World Knowledge Information (WKI) “Global PBT Compounds Professional Survey Report 2020, Forecast to 2025”, The rapid popularization of engineering plastics in various end use applications is the main factor driving the growth of PBT market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.15% base on WKI regression analysis model.

Analysts’ Viewpoint:

“As the world’s environmental awareness increases, PBT manufacturers should continue to focus on developing recyclable PBTS that will not affect their chemical and mechanical properties.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI. “In addition, although traditional PBT materials continue to attract growth in less demanding applications, the introduction of new PBT brands with better performance properties, such as improved electrical properties, hydrolysis resistance, chemical resistance and excellent melt stability, is redefining the future growth mode.”

Market insight:

Engineered plastics are considered to be chemical resistant and also exhibit superior heat resistance properties, thus making them apt for use in fluid handling systems, fuel systems as well as high temperature applications. The engineered plastics market is also influenced by the level and rate of replacement of traditional materials. In developed economies, there has been a significant conversion from metal to engineered plastics in almost all major industries. On the other hand, in developing nations, there is gross underutilization of engineering plastics, with per capita consumption level of less than half kg in some countries of the Asia-Pacific. With improvement in the manufacturing sector, demand for PBT thermoplastic materials will also witness a parallel improvement in the upcoming years.

However, lower strength and rigidity than pet, lower glass transition temperature than pet, and easy warpage when glass is used as filler are still important issues to be considered by PBT compound industry participants.

Competition Landscape:

In a profitable market environment, more and more industry participants enter the market. The main players in the market are Almaak International GmbH, Avient Corporation, BASF SE, China National BlueStar (Group) Co, Ltd., Covestro AG, Celanese Corporation, Chang Chun Group, Royal DSM N.V., DuPont de Nemours, Inc., Enviroplas, Inc., Evonik Industries AG, Jiangsu Heshili New Material Co., Ltd., Lanxess AG, LG Chem Ltd.,Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Polyplastics Co., Ltd., Radici Partecipazioni SpA and others.

Segmentation of PBT Compounds Market:

According to the type, the PBT compound market can be divided into non enhancement level Glass fiber (GF) reinforced grade, flame retardant grade and others, including glass fiber (GF) reinforced grade is the largest type, with a market share of more than half. After adding a certain amount of glass fiber to PBT resin, it can not only maintain the original advantages of PBT resin such as chemical resistance and processability, but also greatly improve its mechanical properties and overcome the gap sensitivity of PBT resin. According to the application, the PBT compound market can be divided into automobile industry, electrical industry and Electronic, mechanical equipment and others. The automobile industry occupies a dominant position in the market. Because automobile manufacturers pay more and more attention to materials with light weight, high strength, cost-effective and low maintenance cost, it stimulates the increase of demand in PBT polymer market and promotes the development of PBT polymer market scale.

PBT Compounds Market: Regional Analysis

In terms of geography, the global PBT compounds market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The global PBT compounds market is currently dominated by the Asia Pacific region, accounting for more than half of the global PBT compound consumption. As the automotive manufacturing industry in the Asia Pacific region will continue to use PBT compounds in a variety of high-end models, the Asia Pacific region will remain a leader in the forecast period. Because China, India and other countries have cheap labor, easy access and low cost of raw materials, they promote the prosperity and development of the automobile industry and stimulate the increase of demand for PBT compounds, so as to promote the continuous expansion of the market scale of PBT compounds.

 

Cagr: 3.15%
Largest share area:Asia Pacific
Largest share country:China