Global PBT Modified Compounds Market Size By Type (Industrial Grade, Commercial Grade), By Application (Electrical Engineering, Automotive Accessories), By Geographic Scope And Forecast

PBT Modified Compounds Market Size And Forecast

PBT Modified Compounds Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

PBT is hard, strong engineering plastic with powerful machining properties, chemical resistance, bearing, and wear properties that drive the growth of the market. The Global PBT Modified Compounds Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global PBT Modified Compounds Market Definition

Polybutylene Terephthalate (PBT) is a crystalline, high molecular weight polymer that has a magnificent balance of characteristics and processing properties. Furthermore, owing to the material crystallizing swiftly, mold cycles are short and molding temperatures can be lower than for numerous engineering plastics. With growing populations and innovations in the automotive, electrical, and electronics industries, the use of PBT will steadily increase. Furthermore, PBT thermoplastic polyester has very fine dimensional steadiness. Therefore, it also discloses high heat resistance, chemical resistance, and good electrical.

Generally, PBT materials exhibit higher tensile, flexural, and dielectric strengths and faster, more economical molding characteristics than many thermosets. In addition, PBT is replacing other crystalline thermoplastics such as polypropylene, nylon, and acetal because of the need for improved performance. Moreover, PBT resin is used to make PBT fiber as well as electronic parts, electrical parts, and auto parts. For instance, TV set accessories, motor covers, and motor brushes. On the contrary, PBT is also utilized in food processing machinery components, wheels, and gears.

Its application in food processing components is largely due to its low moisture absorption and its resistance to staining. It also doesn’t absorb flavors. Also, PBT is a high-performance material with a high molecular weight and it is often defined as a rigid, strong, easily engineered, and flexible plastic. It has several attractive properties, including great abrasion and heat resistance, excellent chemical resistance and dimensional stability, and more. Therefore, the use of engineer-grade plastics such as PBT will rise due to issues surrounding the corrosion of metals and high costs to diminish that issue.

Global PBT Modified Compounds Market Overview

PBT is familiar in everyday life and is almighty broad used in, automotive components, electronics, and electrical. PBT compounds and PBT resins are two different types of products that find a variety of applications. PBT resins compose only the base resin, while a PBT compound includes materials like fiberglass and additives as well. The material is most commonly used in glass-filled grades. Furthermore, for outdoor use, additives are used to improve its flammability and UV properties. Polybutylene terephthalate is used to make electrical and electronic parts, automotive constructions such as connectors, and so on. Moreover, it is also found in motor brushes, motor covers, false eyelashes, toothbrushes, high-end, etc. which act as the major key growth driver of the PBT Modified Compounds Market.

In addition, PBT is hard, strong engineering plastic with powerful machining properties, chemical resistance, bearing, and wear properties which also drive the growth of the market. On the contrary, PBT doesn’t present satisfactory resistance to acids, bases, and hydrocarbons and also Lower glass transition temperature than PET which acts as the major restrain and diminishes the growth of the PBT Modified Compounds Market. Another restrain of the market is that PBT has Lower strength and rigidity than PET which hampers the growth of the market.

Global PBT Modified Compounds Market Segmentation Analysis

The Global PBT Modified Compounds Market is segmented on the basis of Type, Application, and Geography.

PBT Modified Compounds Market, By Type

• Industrial Grade• Commercial Grade

Based on Type, the market is segmented into Industrial Grade and Commercial Grade. The Industrial Grade segment holds the big market share. Therefore, PBT is a thermoplastic engineering polymer that is used in the automotive and electronics industries. It is a thermoplastic crystalline polymer and a type of polyester.

PBT Modified Compounds Market, By Application

• Electrical Engineering• Automotive Accessories• Others

Based on Application, the market is segmented into Electrical Engineering, Automotive Accessories, and Others. The Electrical Engineering segment holds the big market share. Polybutylene terephthalate is a thermoplastic engineering polymer that is used as an insulator in the electrical and electronics industries.

PBT Modified Compounds Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, the Global PBT Modified Compounds Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The North America and Europe region is expected to witness the highest CAGR during the forecast period. This is primarily due to the rise in disposable income in these countries, and the growth in urbanization.

Key Players

The “Global PBT Modified Compounds Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are MITSUBISHI CHEMICAL CORPORATION, Polyplastics, Changchun Group, Nan Ya, Shinkong, LG CHEMICAL, CLARIANT, SABIC, TAISEI, and DSM.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In December 2021, SABIC had announced to launch of the LNP ELCRIN WF006XXPiQ compound and the LNP ELCRIN WF0061XPiQ compound, the first two grades in a new portfolio of materials that incorporate pre-consumer recycled glass fiber diverted from the waste stream of industrial processes.

• In October 2020, Mitsubishi Chemical Corporation (MCC) acquired Gelest, Inc. Gelest became a fully-owned subsidiary of Mitsubishi Chemical America.

• In September 2019, Polyplastics had announced to launch of the DURANEX polybutylene terephthalate (PBT) grade that has the outstanding electrical properties traditionally found in PBT, while also offering other important performance attributes.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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