This market research report presents the segmentation of the global PBT market by application (electronics and electrical, automobile, consumer appliances, and extrusion products) and by geography (Americas, APAC, and EMEA). The key vendors analyzed in this market research report are SASA, BASF, Celanese, DuPont, SABIC, and LanXess.
Technavio’s market research analysts estimate the global PBT market to grow at a CAGR of around 6% between 2015 and 2019. The increasing demand from the automotive sector is one of the primary drivers for the growth of PBT, especially in the auto electrical system components along with the interior and exterior automotive parts. APAC leads the global market for PBTs, occupying around 54% of the overall market share. China is the leading consumer in the APAC region, due to the increased demand from the automotive and electrical & electronic industries within the country.
The new market research report from Technavio provides a breakdown and analysis of the PBT segments by technology.
“One of the latest trends emerging in the market is using PBT as a replacement for metal components in the aerospace sector. The use of PBT aids in the weight reduction of components along with improving the strength resistance to corrosion. Engineered plastics can be more chemical-resistant with exceptional heat resistance property, making them an ideal choice to be used in fuel systems, fluid handling systems, and other high-temperature applications,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research
The electronics and electrical segment dominates the PBT market in terms of application, accounting for 46% of the total market share. PBTs are used in electrical components such as connectors, sockets, boards, sensor coverings, transformer insulation, switches and power sockets. PBTs are preferred in this sector owing to their exceptional electrical properties, extensive mechanical properties, and high dimensional stability under heat.
The leading vendors in the global PBT market include SASA, BASF, Celanese, DuPont, SABIC, and LanXess. This market is dominated by key chemical vendors such as SASA, BASF, and Celanese, who have manufacturing facilities located across the world. The providers in the market are establishing new capacities to ensure proximity and easy access to the fast growing markets of China, India, and other Southeast Asian countries.
A more detailed analysis is available in the Technavio report, Global PBT Market 2015-2019.
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