Polybutylene Terephthalate (PBT) Market Significant Profits Estimated to be Generated by 2027
Verfasser: ashwani_kailiya on Monday, 23 September 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
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.
“The landscape of engineering thermoplastic polymers is gaining center stage owing to their superior performance and functional properties. Global consumption of PBT is set to rise on the back of increasing importance of PBT in multiple applications of electronics and automotive industries. Buoyancy in the automotive sector and expansion of the electronics industry have regained the declining sales of PBT in the past decade. In 2018, PBT sales are expected to generate over US$ 2.5 billion market revenues,” says a senior analyst at Fact.MR.