Strong Demand from Developing Economies to Surge Growth in the Global Polybutylene Terephthalate (PBT) Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Polybutylene Terephthalate (PBT) market. The global market for Polybutylene Terephthalate is projected to reach 1.3 million metric tons by the year 2017, primarily driven by resurgence in automobile, consumer electronics and electrical equipment sectors. Further, product innovation and increasing industrialization in developing economies of Asia and Latin America provide the required thrust for future expansion.

Polybutylene Terephthalate (PBT): A Global Strategic Business Report

Follow us on LinkedIn – Demand for engineered plastics such as Polybutylene Terephthalate (PBT) is largely dependent on the growth trends in key end use industries including automotive, electrical and electronics, and consumer appliances. Currently growth in the market remains sluggish amidst the volatile market conditions. Going forward, strong resurgence in growth fundamentals across all end-use markets, such as, rebuilding of consumer/business confidence, recovery in GDP growth, employment rates, incomes levels, consumer spends, rise in capital investment levels, will emerge to reshape growth in the PBT marketplace. Market prospects are optimistic for PBT in automobile industry as the sector increasingly ventures out for stronger and lighter materials that require minimal maintenance. In addition, the current trend towards substitution of metals by plastics is expected to increase the penetration of PBT. Besides this, demand for efficient material properties and improved processing capabilities is likely to accelerate product innovations in the PBT market. Manufacturers are focusing on development of improved PBT resin grades with enhanced low-temperature impact strength, high flowability and hydrolysis resistance for applications in demanding environments such as automobile sensors and electronic control units. PBT producers are also developing new flame retardant products in line with customer’s requirements in the electronics industry. These new products are devoid of halogen containing flame-retardants and still attain good ratings in important standards such as IEC 60335 and UL94.

Urged on by the processors, PBT producers, during the last few years have developed several new products with sufficiently high flow characteristics. These products provide processors with advantages such as reduced cycle time as well as energy consumption during processing and facilitate in consistent production of delicate and fragile components. With the significance of PBT gradually improving in applications such as automobiles, plastic manufacturers are focusing on further technological development of PBT to cascade the cost benefits to consumers. The use of nanoparticles along with PBT represents such a move. The addition of these organic particles leads to lower viscosity allowing for faster and cost-effective means of PBT processing for the manufacture of products such as housings and plugs. In line with the growing clamor for environment protection through resource conservation and use of renewable resources, PBT producers are developing products with large amount of recycled polymer content.

As stated by the new market research report on PBT, the Asia-Pacific continues to remain the largest as well as fastest growing regional market. In North America, Japan and Europe, PBT is largely used in automotive applications, whereas, in Asian countries, the material finds major application in electronic/electrical sectors. Continued shifting of global production bases to low cost Asian countries, increase in foreign investments, and rise in the number of new manufacturing establishments is expected to push Asia-Pacific into a prime driver of growth. Demand for PBT in the region is witnessing robust growth in sync with the increasing expansion of automobile, consumer electronics and electrical equipment industries. China and India are forecast to especially emerge over the global horizon to drive growth in the medium to long-term period. The already expanding automobile demand in these countries, brings forth the potential opportunities in these markets.

Major players profiled in the report include BASF SE, Bayer AG, Celanese Corporation, DSM Engineering Plastics, E.I. du Pont de Nemours and Co., International Diol Company, Lanxess AG, Longkou Dawn Engineering Plastic Co Ltd., Lurgi Zimmer GmbH, Nan Ya Plastics Corporation, Polyplastics Co., Ltd., SABIC Innovative Plastics Holding BV, Toray Industries Inc., and WinTech Polymer Ltd.

The research report titled "Polybutylene Terephthalate (PBT): A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (Thousand Metric Tons) across geographic markets such as US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Polybutylene_Terephthalate_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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