Global PBT Compounds Market Growth 2023-2029

Global PBT Compounds Market Growth 2023-2029

Product Code:453186

Published Date: Feb 08,2023

Pages: 117

Region: Global

Category: Chemical & Material

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PBT is semi-crystalline, white or off-white polyester similar in both composition and properties to polyethyleneterephthalate (PET). It is a thermoplastic engineering polymer that is used as an insulator in the electrical, electronics, automobile, mechanical equipment and precision instruments industries. PBT is present in everyday life and is common in electrical, electronic and automotive components. PBT resin and PBT compound are the two types of products that are used in various applications. PBT compound is comprised of various materials that can include PBT resin, fiber glass filing, and additives, whereas the PBT resin only includes the base resin. The material is often used in mineral or glass filled grades. Most PBT resins are used as PBT Compounds. In the report, we only covered PBT compounds.

LPI (LP Information)' newest research report, the “PBT Compounds Industry Forecast” looks at past sales and reviews total world PBT Compounds sales in 2022, providing a comprehensive analysis by region and market sector of projected PBT Compounds sales for 2023 through 2029. With PBT Compounds sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PBT Compounds industry.

This Insight Report provides a comprehensive analysis of the global PBT Compounds landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on PBT Compounds portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global PBT Compounds market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PBT Compounds and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global PBT Compounds.

The global PBT Compounds market size is projected to grow from US$ 4218.5 million in 2022 to US$ 5082.4 million in 2029; it is expected to grow at a CAGR of 5082.4 from 2023 to 2029.

The global PBT compounds market is led by Asia Pacific, capturing about 56% of global PBT compounds consumption. Europe is the second-largest region-wise market with 20% global consumption share. 
At present, the major manufacturers of PBT compounds are concentrated in BASF, Changchun, Lanxess, Sabic, Shinkong, DuPont, DSM, Mitsubishi, etc. BASF is the world leader, holding 10% consumption market share.

In application, PBT compounds downstream is wide and recently PBT compounds has acquired increasing significance in various fields of automobile industry, electrical & electronics and mechanical equipment and others. Globally, the PBT compounds market is mainly driven by growing demand for automobile industry which accounts for nearly 49% of total downstream consumption of PBT compounds.

In type, the PBT compounds can be divided into unreinforced grade, glassfiber (gf) reinforced grade, flame retardant grade, etc. Glassfiber (gf) reinforced grade is the largest type with share of 56%.

This report presents a comprehensive overview, market shares, and growth opportunities of PBT Compounds market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Unreinforced Grade
    Glassfiber (GF) Reinforced
    Flame-Retardant Grade
    Others

Segmentation by application
    Automobile Industry
    Electrical & Electronics
    Mechanical Equipment
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    BASF
    Changchun
    Lanxess
    Sabic
    Shinkong
    DuPont
    DSM
    Mitsubishi
    Ticona (Celanese)
    WinTech (Polyplastics,Teijin)
    Kolon
    Toray
    Jiangsu Sanfangxiang Group
    BlueStar
    LG Chem
    Nan Ya
    Evonik

Key Questions Addressed in this Report
What is the 10-year outlook for the global PBT Compounds market?
What factors are driving PBT Compounds market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do PBT Compounds market opportunities vary by end market size?
How does PBT Compounds break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?