PUBLISHER: The Business Research Company | PRODUCT CODE: 1661980
PUBLISHER: The Business Research Company | PRODUCT CODE: 1661980
Polybutylene terephthalate (PBT) stands as a robust, highly crystalline engineering thermoplastic, formed through the polymerization of terephthalic acid with butanediol.
Two primary classifications of polybutylene terephthalate exist such as reinforced and unreinforced. Reinforced PBT constitutes a semi-crystalline engineering thermoplastic material utilized through various processing methods such as injection molding, extrusion, blow molding, and others. Its applications span industries including automotive, extrusion, electrical and electronics, among other sectors.
The polybutylene terephthalate market research report is one of a series of new reports from The Business Research Company that provides polybutylene terephthalate market statistics, including polybutylene terephthalate industry global market size, regional shares, competitors with a polybutylene terephthalate market share, detailed polybutylene terephthalate market segments, market trends and opportunities, and any further data you may need to thrive in the polybutylene terephthalate industry. This polybutylene terephthalate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The polybutylene terephthalate (PBT) market size has grown strongly in recent years. It will grow from $2.5 billion in 2024 to $2.64 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to adoption in new industries, global economic conditions, electrical vehicle adoption, consumer goods and textile applications, advancements in material properties.
The polybutylene terephthalate (PBT) market size is expected to see strong growth in the next few years. It will grow to $3.4 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to continued focus on lightweight materials, global economic shifts, electrical vehicle (EV) adoption, consumer goods demand, market growth in Asia-pacific region. Major trends in the forecast period include demand in automotive industry, electronics and electrical applications, sustainable and recyclable materials, advancements in material properties, miniaturization in electronics.
The expanding automotive industry is anticipated to drive the growth of the polybutylene terephthalate market in the coming years. The automotive industry encompasses all companies and activities related to the manufacturing of motor vehicles, including most components such as engines and bodies. Polybutylene terephthalate is known for its excellent durability under thermal stress and harsh chemical conditions, making it particularly suitable for automotive under-the-hood applications. For example, in May 2023, the European Automobile Manufacturers Association, a Belgium-based organization, reported that global motor vehicle production reached 85.4 million units in 2022, representing a significant increase of 5.7% compared to 2021. Additionally, Brand Finance PLC, a UK-based brand valuation firm, noted in February 2022 that the automobile sector achieved around 78 million unit sales in 2022, reflecting a considerable 10% increase. Thus, the growth of the automotive industry is propelling the polybutylene terephthalate market.
The rising demand for consumer electronics is projected to drive the growth of the polybutylene terephthalate market in the future. Consumer electronics refer to electronic devices designed for everyday use by individuals and households for entertainment and communication purposes. Polybutylene terephthalate (PBT) is utilized in manufacturing connectors and housing components for electronic devices, as well as certain components on printed circuit boards (PCBs). For example, in May 2023, the Japan Electronics and Information Technology Industries Association, a trade association based in Japan, reported that total electronic equipment production in Japan reached ¥771.45 billion ($5.31 billion). Additionally, consumer electronics production amounted to ¥32.09 billion ($0.221 billion) in May 2023, up from ¥25.27 billion ($0.174 billion) in May 2022. Thus, the increasing demand for consumer electronics is driving the growth of the polybutylene terephthalate market moving forward.
Product innovations are emerging as a significant trend in the polybutylene terephthalate market. Major companies in this sector are concentrating on developing new product solutions to enhance their market position. For example, in May 2022, BASF, a Germany-based chemicals company, introduced PBT Ultradur B4335G3 HR HSP, a versatile material designed for reliable protection. This polybutylene terephthalate (PBT) Ultradur B4335G3 HR HSP has been engineered to safeguard sensitive electronics from various influences. It features unique properties such as hydrolysis resistance, excellent flowability, and reduced melt viscosity, facilitating the production of thin-walled components.
Leading companies in the polybutylene terephthalate market are focused on product innovation, including the development of polybutylene terephthalate resin, to deliver dependable services to customers. Polybutylene terephthalate, or PBT resin, is a thermoplastic engineering plastic based on polyester, known for its good chemical and electrical resistance. For instance, in February 2023, Polyplastics, a Japan-based manufacturer of plastics and polymers, launched DURANEX 201EB. This new product offers electromagnetic wave shielding alongside electrical conductivity, which helps reduce assembly work and cut costs. DURANEX 201EB shares the same polybutylene terephthalate PBT resin composition as radomes and features excellent bonding due to its double shot molding capability. It is positioned as an ideal grade for enhancing the detection accuracy of millimeter-wave radar due to its electrical conductivity and electromagnetic noise absorption properties in the millimeter-wave band.
In November 2022, Celanese Corporation, a materials company based in the US, acquired the Mobility and Materials (M&M) division of DuPont for an undisclosed amount. This acquisition allows Celanese to broaden its extensive portfolio of well-known brands and intellectual property, along with its global production assets, engineered thermoplastics, and elastomers. DuPont, also a US-based chemicals company, is involved in the production of polybutylene terephthalate (PBT).
Major companies operating in the polybutylene terephthalate (PBT) market are Celanese Corporation, Evonik Industries AG, Saudi Basic Industries Corporation, BASF SE, Chang Chun Group, DuPont de Nemours Inc., Lanxess AG, Koninklijke DSM N.V., Nan Ya Plastics Corporation, Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Clariant AG, Daicel Corporation, LyondellBasell Industries Holdings B.V., Rochling SE & Co KG, RTP Company Inc., Duromer Products Pty. Ltd., Avient Corporation, Dow Inc., Polyplastics Co. Ltd., Teijin Limited, PolyOne Corporation, Lotte Chemical Corporation, E. I. du Pont de Nemours and Company, Polyram Plastic Industries, SK Chemicals Co. Ltd., WinTech Polymer Ltd., Polymeric Resources Corporation, Lion Idemitsu Composites Co. Ltd., Grupa Azoty S.A., Zhejiang NHU Special Materials Co. Ltd., KOLON Industries Inc., Jiangsu Heshili New Material Co. Ltd., Koch Industries, Kuraray Co. Ltd.
Asia-Pacific was the largest region in the polybutylene terephthalate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polybutylene terephthalate (pbt) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the polybutylene terephthalate (pbt) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The polybutylene terephthalate market consists of sales of PBT compounds, PBT resin, and other types. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Polybutylene Terephthalate (PBT) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polybutylene terephthalate (pbt) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polybutylene terephthalate (pbt) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polybutylene terephthalate (pbt) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.