Polybutylene Terephthalate (PBT) Market Portrays High-End Demand across Major Geographies During 2018 to 2027
Verfasser: ashwani_kailiya on Thursday, 4 July 2019Worldwide consumption for polybutylene terephthalate (PBT) is expected to reach 1,150 kilo tons in 2018, according to Fact.MR valuation. Overall growth of the PBT market can be attributed to,
- Extensive application of PBT formulations across end-user industries
- Increasing demand for bio-based plastic and development of biodegradable and recyclable forms of PBT
- Growing utilization in electronic components whose production is rising on the back of the fast-growing vehicle electrification landscape
- Significant R&D investments focused on improving PBT formulations for greater functional properties
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As per Fact.MR valuation, the steadily rising PBT consumption across the globe is expected to witness an increase of over 50 kilo tons, growing at the rate of 4.8% in 2018 over 2017.