Feb 17, 2020
Advanced Polybutylene Terephthalate Blends, Reinforced with Glass-Fiber, are Set to Gain Traction, Projects Fact.MR
by Team Fact.MR
The trend of glass-fiber reinforced polybutylene terephthalate blends are set to reap lucrative opportunities in the market during the forecast period (2019-2029). These blends are gaining traction on back of their enhanced surface quality and dimensional stability. Glass-fiber reinforced polybutylene terephthalate blends are able to withstand high mechanical stresses at elevated temperatures. This is projected to augment its demand in manufacturing engine compartments of cars.
In addition, these grades are optimized to offer enhanced surface quality and high dimensional stability which makes it a resin of choice in numerous applications including automotive and medical. Furthermore, several PBT grades made by market players are in accordance with KTW, DVGW and WRAS guidelines which will bolster its demand in food and medical applications, driving the market at a moderate CAGR of 5.5% over the forecast period.
Key Takeaways of Polybutylene Terephthalate Market:
- Numerous reinforced and unreinforced grades of polybutylene terephthalate offered by market players are expanding applications in automotive and packaging. These are set to propel growth in the market.
- Polybutylene terephthalate resins derived from recycled polyethylene terephthalate with enhanced properties will reduce reliance on virgin resins, thus addressing industrial demand for more sustainable materials.
- Automotive applications have driven the demand for polybutylene terephthalates and is projected to experience leading growth among other applications accounting for more than one third of the revenue share by 2029
- Consumer appliances and extrusion applications are set to witness steady growth rate, creating collective $ opportunity of US$ 300 Mn during the forecast period.
“Attributed to its excellent heat aging properties and high melting point, polybutylene terephthalate has become material of choice for extrusion of films and thermoforming of packaging. These factors combined, will act as growth levers for the market”, says the Fact.MR analyst.
Positive Cash Flow towards Facility Expansion and Product Innovation by Market Players
Polybutylene terephthalate market is partially consolidated in nature, where top five players accounted for over one fourth of the market share in 2018. BASF SE, DSM, DuPont, Sahara International Petrochemicals Co and Toray Industries, Inc. are the key stakeholders. Prominent companies have been involved in numerous facility expansions, strategic partnerships and product launches to strengthen their market position. In addition, market players are offering hundreds of grades such as glass reinforced, flame retardant and medical grades to leverage immense potential in the market.
More Valuable Insights on Polybutylene Terephthalate Market:
Fact.MR, in its new offering, presents an unbiased analysis of the polybutylene terephthalate market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on polybutylene terephthalate on the basis application (automotive, consumer appliances, electrical & electronics, extrusion, industrial and others) across six major regions.
>>> To Get mroe insights on polybutylene terephthalate market, visit- https://www.factmr.com/report/2406/pbt-market
About the Chemicals & Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations - the Chemicals & Materials team at Fact.MR helps clients from all over the globe with their unique business intelligence needs and requirements of entire value chain of Chemical & Materials sector. A team of passionate analysts track the performance of existing Chemicals & Materials as well as those that have just entered their product life cycle. With a repertoire of over 1,000 reports and 1 million plus data points, the team has analyzed Chemicals & Materials lucidly in 50+ countries for over a decade. The Chemicals & Materials team at Fact.MR has been assisting clients in their business expansion as well as new ventures, through their analysis and recommendations.