세계의 폴리부틸렌 테레프탈레이트(PBT) 수요 분석 : 유형별, 용도별, 시장 예측 분석(2034년)

Polybutylene Terephthalate (PBT) is recognized as one of the top five engineering plastics globally due to its remarkable strength, toughness, and versatility as a semi-crystalline polymer. It offers excellent dimensional stability, low water absorption, high stiffness, and strong heat resistance, making it highly suitable for various demanding applications. PBT finds extensive use in the automotive industry, electrical and electronics sectors, and extrusion processes. Smaller quantities are also used in consumer goods and medical devices, highlighting its broad application range.

The polymer is produced by polycondensation of 1,4-butanediol with either dimethyl terephthalate or purified terephthalic acid (PTA). PBT was developed by German scientist P. Schlack and commercialized by Celanese Corporation in 1970. Over the years, demand for PBT has surged, particularly in developing countries and in the automotive sector, driven by its superior performance compared to conventional plastics.

Market Growth and Consumption Trends

The global consumption of PBT reached around 1,230 kilo tons in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% through 2032. This growth is mainly fueled by increasing use in automotive and electrical and electronics applications. In the automotive industry, PBT is used to manufacture structural parts, automotive electronics, motor components, and ignition system parts. Its high heat resistance, chemical stability, and dimensional accuracy make it ideal for withstanding harsh under-the-hood conditions. Similarly, in the electrical and electronics sector, PBT is used in switches, circuit breakers, connectors, sensor housings, chip sockets, and terminal boards. Its low moisture absorption, electrical insulation properties, and flame retardancy make it indispensable for reliable, long-lasting components.

Inter-Polymer Substitution and Performance Advantages

A significant market driver for PBT is the trend of inter-polymer substitution, where it is increasingly replacing polypropylene and nylon in various applications due to its higher performance. Reinforced PBT grades, often glass fiber-filled, offer improved oxidation resistance under elevated temperatures and maintain mechanical strength with relatively low water absorption. This makes PBT a preferred material for applications requiring durability and reliability. The automotive industry's push towards lightweight materials to improve fuel efficiency further accelerates PBT adoption, as it offers a strong but lightweight alternative to metals and traditional plastics.

Diverse Applications and Industry Use

PBT's applications extend beyond automotive and electronics. It is used in household appliances and consumer goods, where it serves as a durable, heat-resistant material for various parts. Additionally, PBT is blended with other polymers or used in alloys to enhance properties such as flexibility or toughness, tailored to specific application needs. This versatility further supports steady market growth.

Competitive Landscape

The global PBT market is highly competitive, with leading manufacturers such as BASF SE, Bluestar, Almaak International GmbH, Celanese, Lanxess, DSM Engineering Plastics, DowDuPont, Dubay Polymers GmbH, Mitsubishi Engineering Plastics, Chang Chun Group, SABIC, and Toray Industries. These companies continuously invest in research and development to improve PBT grades with enhanced flame retardancy, UV resistance, and environmental compliance, keeping pace with evolving industry standards and customer demands.

Key Market Drivers

Several key factors continue to drive the growth of the global PBT market. The expansion of the electric vehicle market demands materials that can withstand high temperatures and electrical loads, which benefits PBT due to its heat resistance and electrical insulating capabilities. Increasing miniaturization and complexity in electronic devices also fuel the demand for high-performance thermoplastics like PBT. Moreover, as sustainability gains importance, the recyclability and durability of PBT help extend product life cycles and reduce waste, supporting its market potential.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Electrical & Electronics
• Automotive
• Households & Consumer Appliances
• Others

5. Introduction to Polybutylene Terephthalate (PBT) and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Polybutylene Terephthalate (PBT) Demand Analysis, By Application (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018- 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
• Global Polybutylene Terephthalate (PBT) Market, By Application
• Electrical & Electronics
  • Switches & circuit breakers
  • Connectors, sensor housings, chip sockets
  • Terminal boards
  • Others
• Automotive
  • Structural parts
  • Automotive electronics
  • Motor components & ignition system components
  • Others
• Households & Consumer Appliances
• Alloys & Blends
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Polybutylene Terephthalate (PBT) Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Polybutylene Terephthalate (PBT) Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• BASF SE
• Bluestar
• Almaak International GmbH
• Celanese
• Laxness
• DSM Engineering Plastics
• Dubay Polymers Gmbh
• Mitsubishi Engineering Plastics
• Chang Chun Group
• SABIC
• Toray Industries
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries