DUBLIN, January 25, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/6rc8sx/polybutylene) has announced the addition of the "Polybutylene Terephthalate PBT Market 2015-2019" report to their offering.
The PBT market to witness a steady growth at a CAGR of around 6% during the forecast period. The increasing demand from the automotive sector is one of the primary drivers for the growth of this market. PBT is used in the auto electrical system components along with the interior and exterior automotive parts. For instance, PBT is used in the manufacturing of mirror housings, windshield wipers, vents, handles, fuel system components, fuse boxes and all the ignition system components.
The growing trend of using PBT as a replacement for metal components in the aerospace sector is anticipated to contribute to the market growth during the forecast period. The use of PBT aids in the weight reduction of components along with improving the strength resistance to corrosion. Engineered plastics can be more chemical-resistant with exceptional heat resistance property, making them an ideal choice to be used in fuel systems, fluid handling systems, and other high-temperature applications.
The electronics and electrical segment dominated the market during 2014, with a share of 46% and is expected to retain its leadership until the end of 2019. PBTs are used in electrical components such as connectors, sockets, boards, sensor coverings, transformer insulation, switches and power sockets.
APAC dominated the global market during 2014 with a market share of 54% and is expected to grow at a rate of around 6% during the forecast period. The rising demand from the automotive industry in this region is driving the market growth. China is the leading consumer in the APAC region, due to the increased demand from the automotive and electrical & electronic industries within the country.
The PBT market is dominated by key chemical vendors such as SASA, BASF, and Celanese, who have manufacturing facilities located across the world. The providers in the market are establishing new capacities to ensure proximity and easy access to the fast growing markets of China, India, and other Southeast Asian countries.
The leading vendors in the market are
For more information visit http://www.researchandmarkets.com/research/6rc8sx/polybutylene
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
SOURCE Research and Markets