Auto & Transport Apps Leads Global Polybutylene Terephthalate (PBT) Market to Surpass 2M MTs by 2028

LOS ANGELES - May 15, 2023 - PRLog -- Industry Experts, Inc. released the new global market research report "Polybutylene Terephthalate (PBT) – A Global Market Overview". The report reveals that Asia-Pacific is the largest and the fastest growing market for PBT estimated to account for 62% global market share in terms of volumes in 2022 and further projected to grow by a CAGR of a decent 4.9% during 2022-2028.

Polybutylene Terephthalate (PBT) belongs to the group of thermoplastic polyesters. PBT is a semi-crystalline engineering resin having many attractive properties like high strength and toughness, good abrasion and heat resistance, low creep at elevated temperatures, good chemical resistance, and excellent dimensional stability, particularly when glass-fiber reinforced. The combination of these properties makes PBT an ideal material for use in wide range of applications such as auto interior and exterior, small and large appliances, power tools, electrical and electronic, food handling, industrial machinery and medical applications.

Global consumption of Polybutylene Terephthalate (PBT) declined by 5.2% year-over-year in 2020 amid the downturn in automotive and industrial sectors. The global market for PBT has recovered well from the aftermath of the corona pandemic and further expected to maintain a CAGR of 4.5% between 2022 and 2028. Future growth of the PBT market is fed by the established markets of automotive & transportation and electrical & electronics.

The market for Polybutylene Terephthalate (PBT) analyzed in this report by application comprising Appliances, Automotive & Transportation, Electrical & Electronics, Industrial and  Other Applications primarily include medical, consumer goods, sports etc.

This report reviews, analyzes and projects the Polybutylene Terephthalate (PBT) market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2019-2028 in terms of value in USD. These regional markets further analyzed for 18 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, the Netherlands, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan, South Korea, Taiwan and Thailand; and South America – Argentina and Brazil.

This 216 page global market research report on Polybutylene Terephthalate (PBT) includes 178 charts (includes a data table and graphical representation for each chart), supported with a meaningful and easy to understand graphical presentation of the market. This report provides brief business profiles of 24 key global players and also provides a listing of the companies engaged in the manufacturing and supply of Polybutylene Terephthalate (PBT). The global list of companies covers addresses, contact numbers and the website addresses of 33 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

For more details, please visit: https://industry-experts.com/verticals/chemicals-and-mate...