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Global PBT Market Sees Opportunities in the Electric Vehicle Industry

Feb 24th 2020 at 10:26 AM

Polybutylene terephthalate (PBT) refers to a high molecular weight, crystalline polymer that comes with an excellent balance of processing characteristics and properties. The material is capable of quick crystallization and the mold cycles are short. In addition, molding temperatures can be lower as compared to many other engineering plastics, which is one of the growth factors for the global PBT market. Polybutylene terephthalate materials come with higher tensile strength, they also have dielectric and flexural strengths. They are also faster and have more economical molding features than many of the other thermosets, which is expected to amplify the growth of the global PBT market in the years.

In some areas of application, the product is easily substituting various other crystalline thermoplastics such as acetal, nylon, and polypropylene due to the rising need for improved performance.

The global Polybutylene terephthalate market is forecasted to rise at a robust growth rate of 5% CAGR over the projection period, from 2019 to 2029. Increased demand for the product in the making of exterior and interior body parts of electric vehicles is expected to shape the future course of the global PBT market in years to come.

Suitability of Numerous Applications to Bolster its Demand in the Market

Polybutylene terephthalate is present in the everyday life of people. It is commonly found in automotive, electronic, and electrical components. Both polybutylene terephthalate compound and polybutylene terephthalate resin are the two types of products that find use in several applications, which is likely to trigger the growth of the global PBT market. Polybutylene terephthalate compound comprises of various materials that comprise additives, fiberglass filing, and polybutylene terephthalate resin. The resin is usually utilized in the glass or mineral filled grades.

Additives are added to the product for better flammability and UV properties when it is meant for use in the outdoors and fire is used as well. With modifications such as this, the scope of polybutylene terephthalate widens the scope of the global PBT market in the years to come.

In addition, polybutylene terephthalate resin is utilized to make polybutylene terephthalate fiber along with auto parts, electrical parts, and electronic parts. The compound finds use in the making of motor brushes, motor covers, and TV set accessories. When reinforced, it can be utilized in the manufacturing of handles, bobbins, sockets, and switches. Polybutylene terephthalate is suitable for use in applications that require high chemical resistance, high insulation, and good dimensional stability. All these factors promote expansion of the global PBT market in the years to come.

The major benefits of polybutylene terephthalate are low rate of shrinkage and observed in its resistance toward solvents at the time of formation. Excellent heat resistance of the product is exhibited through their heat resistance of up to 150 degrees Celsius and a melting point that reaches 225 degrees Celsius.

Driven by China, Asia Pacific to Remain at the Forefront of Market Growth

In terms of regional segmentation, Asia Pacific is estimated to be the leading consumer of polybutylene terephthalate. The region is expected to continue with its territorial dominance over the projection period, from 2019 to 2029.

China is regarded as one of the leading producers of automotive in the world, which puts it at the forefront of the growth of the global PBT market in the years to come. Furthermore, a substantial rise in the production of electric automotive is likely to propel the expansion of the global PBT market in the years to come. India is likely to witness high rate of growth over the years of assessment, from 2019 to 2029. The rise of India in the Asia Pacific PBT market is mainly due to the thriving automotive industry.

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