Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2730 Million | USD 4310 Million | 5.88% | 2022 |
FrequentlyAsked Questions
Polybutylene Terephthalate (PBT) is a thermoplastic engineering polymer that finds application as an insulator in the electrical and electronics sectors.
The global polybutylene terephthalate (PBT) market growth is owing to PBT demonstrating exceptional electrical insulating features and being resistant to heat & chemicals.
According to a study, the global polybutylene terephthalate (PBT) industry size was $2730 million in 2022 and is projected to reach $4310 million by the end of 2030.
The global polybutylene terephthalate (PBT) market is anticipated to record a CAGR of nearly 5.88% from 2023 to 2030.
The North American polybutylene terephthalate (PBT) industry is set to register the highest CAGR over the forecasting timeline owing to the use of the product in the flourishing manufacturing sector in countries such as Canada and the U.S. Increase in the purchase of consumer goods will further proliferate the regional industry demand in the coming years.
The global polybutylene terephthalate (PBT) market is led by players such as Evonik Industries AG, Nan Ya Plastics Corporation, BASF SE, Daicel Corporation, DuPont de Nemours Inc., Lanxess AG, Saudi International Petrochemical Company (Sipchem), Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Koninklijke DSM NV, Mitsubishi Chemical Corporation, Celanese Corporation, Clariant AG, LG Chem Ltd., Chang Chun Group, and Toray Industries Inc.
The polybutylene terephthalate (PBT) market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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