Global PBT Resin Market Size to Exceed USD 4.3 Billion by 2035 | CAGR of 5.44%
Category: Chemicals & MaterialsGlobal PBT Resin Market Size to Exceed USD 4.3 Billion by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global PBT Resin Market Size is expected to Grow from USD 2.5 Billion in 2024 to USD 4.3 Billion by 2035, at a CAGR of 5.44% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global PBT Resin Market Size, Share, and COVID-19 Impact Analysis, By Type (Reinforced PBT Resin and Unreinforced PBT Resin), By Processing Method (Injection Molding, Extrusion, Blow Molding, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/pbt-resin-market
PBT resin is a type of thermoplastic engineering polymer known for its excellent mechanical, electrical, and chemical resistance properties. The market is expanding as a result of rising demand in the electronics, electrical, and automotive sectors. PBT's great heat resistance, mechanical strength, and electrical insulating qualities make it a popular material for automotive components like connectors, sensor housings, and ignition system elements. The use of PBT based materials has also increased as a result of the move towards lighter and more fuel-efficient automobiles brought about by stricter pollution standards and the growth of electric vehicles. Furthermore, PBT is perfect for use in power tools, circuit breakers, and electrical connectors due to its exceptional durability and flame retardancy, which supports the growth of the consumer electronics and industrial sectors. However, the PBT resin's competition from alternative engineering plastics is likely to restrict market expansion.
The reinforced PBT resin segment dominated the market in 2024 with 64% and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the PBT Resin market is divided into reinforced PBT resin and unreinforced PBT resin. Among these, the reinforced PBT resin segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segment's development is stimulated because of its exceptional flame retardant qualities, increased thermal stability, and high mechanical strength, which make it perfect for applications demanding safety and durability in electronics, electrical, and automotive fields.
The injection molding segment accounted for the largest share in 2024 with 46% and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the PBT Resin market is divided into injection molding, extrusion, blow molding, and others. Among these, the injection molding segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's increase is prompted because it can effectively and economically make intricate, high precision PBT components, satisfying the growing demand in the consumer goods, electronics, and automotive industries.
North America is expected to hold the majority share of the global PBT Resin market during the forecast period.
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North America is expected to hold the majority share of the global PBT Resin market during the forecast period. The PBT Resin market in the Asia Pacific is driven by its robust electronics and automotive sectors, widespread use of electric vehicles, sophisticated manufacturing facilities, and supply of raw materials, all contribute to the steady need for high performance PBT resins.
Asia Pacific is anticipated to grow at the fastest pace in the global PBT resin market during the forecast period. The PBT Resin market in the Asia Pacific is bolstered because of government programs encouraging new materials and sustainable production, growing demand for electric vehicles, booming automotive and electronics industries, rapid industrialization, and rising disposable incomes.
Major vendors in the global PBT resin market are BASF SE, SABIC, DuPont, Celanese Corporation, Polyplastics Co., Ltd., Toray Industries, Inc., DSM, LG Chem Ltd., Chang Chun Group, Nan Ya Plastics Corporation, Shinkong Synthetic Fibers Corporation, PolyOne Corporation, Mitsubishi Chemical Corporation, Hengli Group Co., Ltd., Wuxi Xingsheng New Material Technology Co., Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
In June 2020, Mitsubishi Chemical Corporation and AM Polymers GmbH entered a partnership to develop PBT powder grades optimized for industrial 3D printing. A beta product, Rolaserit PBY01, is to be unveiled in Europe for evaluation.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the PBT resin market based on the below-mentioned segments:
Global PBT Resin Market, By Type
- Reinforced PBT Resin
- Unreinforced PBT Resin
Global PBT Resin Market, By Form
- Injection Molding
- Extrusion
- Blow Molding
- Others
Global PBT Resin Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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