Polybutylene Terephthalate (PBT) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Polybutylene Terephthalate (PBT) Market is segmented by End User Industry (Automotive, Electrical and Electronics, Industrial and Machinery) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Polybutylene Terephthalate (PBT) Market Size

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Polybutylene Terephthalate (PBT) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 3.28 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 4.50 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Electrical and Electronics
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 6.52 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players

Polybutylene Terephthalate (PBT) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Polybutylene Terephthalate (PBT) Market Analysis

The Polybutylene Terephthalate (PBT) Market size is estimated at 3.28 billion USD in 2024, and is expected to reach 4.50 billion USD by 2029, growing at a CAGR of 6.52% during the forecast period (2024-2029).

3.28 Billion

Market Size in 2024 (USD)

4.50 Billion

Market Size in 2029 (USD)

4.29 %

CAGR (2017-2023)

6.52 %

CAGR (2024-2029)

Largest Market by End-user Industry

52.41 %

value share, Electrical and Electronics, 2023

Icon image

The electronics segment held the largest market share owing to its wide-ranging use of PBT in applications such as circuit breakers, cable liners, switches, connectors, and chip sockets.

Fastest Growing Market by End-user Industry

6.93 %

Projected CAGR, Electrical and Electronics, 2024-2029

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Owing to the resin’s high dielectric strength and electrical resistance, there has been an increase in the applications of PBT resin in the electronics segment making it the fastest end-user segment.

Largest Market by Region

67.94 %

value share, Asia-Pacific, 2023

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Asia-Pacific holds the largest market share owing to its 74.06% revenue share in global electronics production, led by countries such as China, India, Japan, and South Korea.

Fastest Growing Market by Region

9.13 %

Projected CAGR, Africa, 2024-2029

Icon image

With its electronics production likely to record a CAGR of 7.62% during the forecast period, Africa is expected to be the fastest-growing regional consumer for the market.

Leading Market Player

12.07 %

market share, Chang Chun Group, 2022

Icon image

In 2022, the company held the largest market share globally and accounted for the highest production capacity of PBT resin, amounting to around 240 kilotons per year.

Electrical and electronics industry is expected to dominate the global PBT market

  • PBT is used in various end-user industries due to its good creep resistance, dimensional stability, and low moisture absorption properties. Some common PBT applications are automobile parts, coil cases, and electronic and electrical components. The electrical and electronics industry accounted for around 51.2% of the global PBT market by revenue in 2022.
  • The electrical and electronics industry is the largest end-user industry for PBT resin globally. It is expected to generate a revenue of around USD 2.43 billion by 2029, with a 50.2% increase over 2023. The growth can be attributed to the growing consumer electronics market, which is expected to reach a revenue of around USD 1071.0 billion by 2027 from USD 666.0 billion in 2023.
  • Automotive is the second-largest industry for PBT resin at the global level. The rising vehicle production worldwide is expected to drive the demand for PBT resin in the future. Vehicle production is projected to reach 181.9 million units by 2029 from 150.9 million units in 2023. The introduction of electric vehicles has contributed significantly to the global automotive market's revenue due to their lower energy costs, environmentally friendly nature, and efficient mobility features. For instance, the global electric vehicles market is projected to reach USD 858.0 billion in 2027 from USD 457.6 billion in 2023.
  • Electrical and electronics is the fastest-growing end-user industry for the PBT resin market, expected to record a CAGR of 7.01% by value during the forecast period. The global electronics industry is projected to reach USD 1.3 trillion in 2027 from USD 0.98 trillion in 2023. The growth of the electronics market at the global level is expected to drive the demand for PBT resin in the future.
Global Polybutylene Terephthalate (PBT) Market

Asia-Pacific to remain the top consumer of PBT during the forecast period

  • Polybutylene terephthalate (PBT) exhibits versatile properties like resistance to chemicals, heat, and abrasion. It also offers good dimensional stability, which makes it suitable for applications in the automotive and electrical and electronics industries. Asia-Pacific and North America are among the major consumers of PBT combinedly, which held a share of around 81.26% by volume in 2022.
  • Asia-Pacific accounted for the largest share of the market in 2022 and is predicted to register a CAGR of 6.77% by value during the forecast period, making it the third fastest-growing regional market. This can be attributed to countries like China, Japan, and South Korea, which accounted for shares of 58.42%, 14.57%, and 9.46%, respectively, of the region's overall PBT consumption in 2022. China's automotive industry is at the forefront in terms of the utilization of PBT, as the country's production reached 46.67 million units in 2022 and is likely to reach 64.73 million by 2029, thus driving the consumption of PBT in the future.
  • Africa is the fastest-growing regional market and is likely to register a CAGR of 8.13% by value during the forecast period owing to countries like South Africa, which are predicted to register a CAGR of 6.77% by value during the forecast period. South Africa's electrical and electronics industry is the fastest-growing end-user industry for the PBT market. Electrical and electronics production revenue is expected to reach USD 11.76 billion in 2029, compared to USD 7.18 billion in 2022, which will increase the consumption of PBT in the region. The electronics market in the country is projected to reach a volume of around USD 4.06 billion in 2027 from USD 2.31 billion in 2023.

Global Polybutylene Terephthalate (PBT) Market Trends

Technological advancements in electronics industry may foster the growth

  • The rapid pace of technological innovation in electronic products is driving the consistent demand for new and fast electrical and electronic products. In 2022, the global revenue of electrical and electronics stood at USD 5,807 billion, with Asia-Pacific holding a 74% market share, followed by Europe with a 13% share. The global electrical and electronics market is expected to record a CAGR of 6.61% during the forecast period.
  • In 2018, the Asia-Pacific region witnessed strong economic growth owing to rapid industrialization in China, South Korea, Japan, India, and ASEAN countries. In 2020, due to the pandemic, there was a slowdown in global electrical and electronics production due to the shortage of chips and inefficiencies in the supply chain, which led to a stagnant growth rate of 0.1% in revenue compared to the previous year. This growth was driven by the demand for consumer electronics for remote working and home entertainment as people were forced to remain indoors during the pandemic.
  • The demand for advanced technologies, such as digitalization, robotics, virtual reality, augmented reality, IoT (Internet of Things), and 5G connectivity, is expected to grow during the forecast period. Global electrical and electronics production is expected to register a growth rate of 5.9% in 2027.​ As a result of technological advancements, the demand for consumer electronics is expected to rise during the forecast period. For instance, the global consumer electronics industry is projected to witness a revenue reach of around USD 904.6 billion in 2027, compared to USD 719.1 billion in 2023. As a result, technological development is projected to lead the demand for electrical and electronic products during the forecast period.
Global Polybutylene Terephthalate (PBT) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Fast-paced growth of aviation industry and increased aircraft contracts may aid market growth
  • Fast-paced urbanization and investments in Asia-Pacific region may boost the industry
  • Growing demand for electric vehicles may boost automobile industry growth
  • Demand for flexible packaging from the food and beverage industry boosting market growth

Polybutylene Terephthalate (PBT) Industry Overview

The Polybutylene Terephthalate (PBT) Market is moderately consolidated, with the top five companies occupying 42.25%. The major players in this market are BASF SE, Chang Chun Group, Hengli Group Co., Ltd., SABIC and Wuxi Xingsheng New Material Technology Co.,Ltd (sorted alphabetically).

Polybutylene Terephthalate (PBT) Market Leaders

  1. BASF SE

  2. Chang Chun Group

  3. Hengli Group Co., Ltd.

  4. SABIC

  5. Wuxi Xingsheng New Material Technology Co.,Ltd

Polybutylene Terephthalate (PBT) Market Concentration

Other important companies include China Petroleum & Chemical Corporation, Daicel Corporation, DuBay Polymer GmbH, Shinkong Synthetic Fibers Corp., Toray Industries, Inc..

*Disclaimer: Major Players sorted in alphabetical order.

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Polybutylene Terephthalate (PBT) Market News

  • May 2022: BASF SE launched polybutylene terephthalate (PBT) ultradur B4335G3 HR HSP, which protects sensitive electronics in harsh environments.
  • April 2022: Daicel Corporation introduced a new grade of PBT resin with extremely high laser transmittance and superior laser weldability suitable for automotive sensors, actuators, and other parts.
  • February 2022: BASF SE announced that it would expand the production capacity of its ultramid polyamide (PA) and ultradur polybutylene terephthalate (PBT) products by 5,000 metric tons per year in Pasir Gudang, Malaysia.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Global Polybutylene Terephthalate (PBT) Market
Global Polybutylene Terephthalate (PBT) Market
Global Polybutylene Terephthalate (PBT) Market
Global Polybutylene Terephthalate (PBT) Market

Polybutylene Terephthalate (PBT) Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 End User Trends
    • 4.1.1 Aerospace
    • 4.1.2 Automotive
    • 4.1.3 Building and Construction
    • 4.1.4 Electrical and Electronics
    • 4.1.5 Packaging
  • 4.2 Regulatory Framework
    • 4.2.1 Argentina
    • 4.2.2 Australia
    • 4.2.3 Brazil
    • 4.2.4 Canada
    • 4.2.5 China
    • 4.2.6 EU
    • 4.2.7 India
    • 4.2.8 Japan
    • 4.2.9 Malaysia
    • 4.2.10 Mexico
    • 4.2.11 Nigeria
    • 4.2.12 Russia
    • 4.2.13 Saudi Arabia
    • 4.2.14 South Africa
    • 4.2.15 South Korea
    • 4.2.16 United Arab Emirates
    • 4.2.17 United Kingdom
    • 4.2.18 United States
  • 4.3 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 End User Industry
    • 5.1.1 Automotive
    • 5.1.2 Electrical and Electronics
    • 5.1.3 Industrial and Machinery
    • 5.1.4 Other End-user Industries
  • 5.2 Region
    • 5.2.1 Africa
    • 5.2.1.1 By Country
    • 5.2.1.1.1 Nigeria
    • 5.2.1.1.2 South Africa
    • 5.2.1.1.3 Rest of Africa
    • 5.2.2 Asia-Pacific
    • 5.2.2.1 By Country
    • 5.2.2.1.1 Australia
    • 5.2.2.1.2 China
    • 5.2.2.1.3 India
    • 5.2.2.1.4 Japan
    • 5.2.2.1.5 Malaysia
    • 5.2.2.1.6 South Korea
    • 5.2.2.1.7 Rest of Asia-Pacific
    • 5.2.3 Europe
    • 5.2.3.1 By Country
    • 5.2.3.1.1 France
    • 5.2.3.1.2 Germany
    • 5.2.3.1.3 Italy
    • 5.2.3.1.4 Russia
    • 5.2.3.1.5 United Kingdom
    • 5.2.3.1.6 Rest of Europe
    • 5.2.4 Middle East
    • 5.2.4.1 By Country
    • 5.2.4.1.1 Saudi Arabia
    • 5.2.4.1.2 United Arab Emirates
    • 5.2.4.1.3 Rest of Middle East
    • 5.2.5 North America
    • 5.2.5.1 By Country
    • 5.2.5.1.1 Canada
    • 5.2.5.1.2 Mexico
    • 5.2.5.1.3 United States
    • 5.2.6 South America
    • 5.2.6.1 By Country
    • 5.2.6.1.1 Argentina
    • 5.2.6.1.2 Brazil
    • 5.2.6.1.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 BASF SE
    • 6.4.2 Chang Chun Group
    • 6.4.3 China Petroleum & Chemical Corporation
    • 6.4.4 Daicel Corporation
    • 6.4.5 DuBay Polymer GmbH
    • 6.4.6 Hengli Group Co., Ltd.
    • 6.4.7 SABIC
    • 6.4.8 Shinkong Synthetic Fibers Corp.
    • 6.4.9 Toray Industries, Inc.
    • 6.4.10 Wuxi Xingsheng New Material Technology Co.,Ltd

7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, GLOBAL, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, GLOBAL, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, GLOBAL, 2017 - 2029
  1. Figure 7:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, GLOBAL, 2017 - 2029
  1. Figure 8:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VOLUME SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 11:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 12:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN AUTOMOTIVE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 15:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY REGION, TONS, GLOBAL, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VOLUME SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 27:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 28:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
  1. Figure 30:  
  2. VOLUME SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 31:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 32:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, NIGERIA, 2017 - 2029
  1. Figure 33:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, NIGERIA, 2017 - 2029
  1. Figure 34:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
  1. Figure 35:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
  1. Figure 36:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
  1. Figure 37:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
  1. Figure 38:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 43:  
  2. VOLUME SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 44:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 45:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
  1. Figure 46:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, AUSTRALIA, 2017 - 2029
  1. Figure 47:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
  1. Figure 48:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, CHINA, 2017 - 2029
  1. Figure 49:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, CHINA, 2017 - 2029
  1. Figure 50:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
  1. Figure 51:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 54:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, JAPAN, 2017 - 2029
  1. Figure 55:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, JAPAN, 2017 - 2029
  1. Figure 56:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
  1. Figure 57:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, MALAYSIA, 2017 - 2029
  1. Figure 58:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, MALAYSIA, 2017 - 2029
  1. Figure 59:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
  1. Figure 60:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
  1. Figure 61:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 62:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
  1. Figure 63:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 64:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 65:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
  1. Figure 66:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 67:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
  1. Figure 68:  
  2. VOLUME SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 69:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 70:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, FRANCE, 2017 - 2029
  1. Figure 71:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, FRANCE, 2017 - 2029
  1. Figure 72:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
  1. Figure 73:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, GERMANY, 2017 - 2029
  1. Figure 74:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, GERMANY, 2017 - 2029
  1. Figure 75:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
  1. Figure 76:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, ITALY, 2017 - 2029
  1. Figure 77:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, ITALY, 2017 - 2029
  1. Figure 78:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
  1. Figure 79:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, RUSSIA, 2017 - 2029
  1. Figure 80:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, RUSSIA, 2017 - 2029
  1. Figure 81:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
  1. Figure 82:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
  1. Figure 83:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
  1. Figure 84:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
  1. Figure 85:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
  1. Figure 86:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
  1. Figure 87:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
  1. Figure 88:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 89:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 90:  
  2. VOLUME SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 91:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 92:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
  1. Figure 93:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 94:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
  1. Figure 95:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 96:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 97:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
  1. Figure 98:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 99:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 100:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
  1. Figure 101:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 102:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 103:  
  2. VOLUME SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 104:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 105:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, CANADA, 2017 - 2029
  1. Figure 106:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, CANADA, 2017 - 2029
  1. Figure 107:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
  1. Figure 108:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, MEXICO, 2017 - 2029
  1. Figure 109:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, MEXICO, 2017 - 2029
  1. Figure 110:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
  1. Figure 111:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, UNITED STATES, 2017 - 2029
  1. Figure 112:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, UNITED STATES, 2017 - 2029
  1. Figure 113:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
  1. Figure 114:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 115:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 116:  
  2. VOLUME SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 117:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 118:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, ARGENTINA, 2017 - 2029
  1. Figure 119:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, ARGENTINA, 2017 - 2029
  1. Figure 120:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
  1. Figure 121:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, BRAZIL, 2017 - 2029
  1. Figure 122:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, BRAZIL, 2017 - 2029
  1. Figure 123:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
  1. Figure 124:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 125:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 126:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
  1. Figure 127:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
  1. Figure 128:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
  1. Figure 129:  
  2. PRODUCTION CAPACITY SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) BY MAJOR PLAYERS, %, GLOBAL, 2022

Polybutylene Terephthalate (PBT) Industry Segmentation

Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • PBT is used in various end-user industries due to its good creep resistance, dimensional stability, and low moisture absorption properties. Some common PBT applications are automobile parts, coil cases, and electronic and electrical components. The electrical and electronics industry accounted for around 51.2% of the global PBT market by revenue in 2022.
  • The electrical and electronics industry is the largest end-user industry for PBT resin globally. It is expected to generate a revenue of around USD 2.43 billion by 2029, with a 50.2% increase over 2023. The growth can be attributed to the growing consumer electronics market, which is expected to reach a revenue of around USD 1071.0 billion by 2027 from USD 666.0 billion in 2023.
  • Automotive is the second-largest industry for PBT resin at the global level. The rising vehicle production worldwide is expected to drive the demand for PBT resin in the future. Vehicle production is projected to reach 181.9 million units by 2029 from 150.9 million units in 2023. The introduction of electric vehicles has contributed significantly to the global automotive market's revenue due to their lower energy costs, environmentally friendly nature, and efficient mobility features. For instance, the global electric vehicles market is projected to reach USD 858.0 billion in 2027 from USD 457.6 billion in 2023.
  • Electrical and electronics is the fastest-growing end-user industry for the PBT resin market, expected to record a CAGR of 7.01% by value during the forecast period. The global electronics industry is projected to reach USD 1.3 trillion in 2027 from USD 0.98 trillion in 2023. The growth of the electronics market at the global level is expected to drive the demand for PBT resin in the future.
End User Industry Automotive
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Region Africa By Country Nigeria
South Africa
Rest of Africa
Region Asia-Pacific By Country Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Region Europe By Country France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Region Middle East By Country Saudi Arabia
United Arab Emirates
Rest of Middle East
Region North America By Country Canada
Mexico
United States
Region South America By Country Argentina
Brazil
Rest of South America
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Market Definition

  • End-user Industry - Automotive, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polybutylene terephthalate market.
  • Resin - Under the scope of the study, virgin polybutylene terephthalate resin in the primary forms such as powder, pellet, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
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  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
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Polybutylene Terephthalate (PBT) Market Research FAQs

The Global Polybutylene Terephthalate (PBT) Market size is expected to reach USD 3.28 billion in 2024 and grow at a CAGR of 6.52% to reach USD 4.50 billion by 2029.

In 2024, the Global Polybutylene Terephthalate (PBT) Market size is expected to reach USD 3.28 billion.

BASF SE, Chang Chun Group, Hengli Group Co., Ltd., SABIC and Wuxi Xingsheng New Material Technology Co.,Ltd are the major companies operating in the Global Polybutylene Terephthalate (PBT) Market.

In the Global Polybutylene Terephthalate (PBT) Market, the Electrical and Electronics segment accounts for the largest share by end user industry.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Polybutylene Terephthalate (PBT) Market.

In 2023, the Global Polybutylene Terephthalate (PBT) Market size was estimated at 3.28 billion. The report covers the Global Polybutylene Terephthalate (PBT) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Polybutylene Terephthalate (PBT) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Polybutylene Terephthalate (PBT) Industry Report

Statistics for the 2023 Polybutylene Terephthalate (PBT) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polybutylene Terephthalate (PBT) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Polybutylene Terephthalate (PBT) Market Report Snapshots

Polybutylene Terephthalate (PBT) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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