Polybutylene terephthalate market size to grow by USD 659.75 million from 2022 to 2027: Growing use of polybutylene terephthalate in medical applications to boost growth - Technavio

NEW YORK, May 4, 2023 /PRNewswire/ -- The global polybutylene terephthalate market size is estimated to increase by USD 659.75 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5%. The growing use of polybutylene terephthalate in medical applications is driving market growth. Medical-grade polybutylene terephthalate materials have high strength, stiffness, and creep resistance. They also have friction-reduction properties. Thus, polybutylene terephthalate is used for manufacturing medical devices. Other applications include drug delivery devices, injection pens, and autoinjectors. Various vendors offer polybutylene terephthalate that can be used in the medical industry. For instance, Celanese offers Celanex MT polybutylene terephthalate. Such factors are expected to fuel the global PBT market growth during the forecast period. Discover some insights on market size, historic period (2017 to 2021), and forecast period (2023-2027) before buying the full report - Request a sample report

Polybutylene terephthalate market – Customer landscape

Our report analyzes the life cycle of the global polybutylene terephthalate market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global polybutylene terephthalate market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycles
• Drivers of price sensitivity 
• To unlock the detailed information on the customer landscape - Request a sample now!

Polybutylene terephthalate market – Vendor analysis
Vendor landscape –

The global polybutylene terephthalate market is fragmented, with the presence of several vendors. A few prominent vendors that offer polybutylene terephthalate in the market are BASF SE, Celanese Corp., Chang Chun Group, China Petrochemical Corp., Daicel Corp., DuPont de Nemours Inc., Kingfa SCI. and TECH. Co. Ltd., Kolon Plastics Inc., Lanxess AG, LG Chem, LyondellBasell Industries NV, Mitsubishi Chemical Corp., Mitsui and Co. Ltd, Radici Partecipazioni Spa, RTP Co., S.S.B. POLYMERS and S.S.B. ENTERPRISES, Samyang Corp., Saudi Basic Industries Corp., Toray Industries Inc., and Sinochem Group Co. Ltd. and others.

Vendors compete based on factors such as price, quality, performance, innovation, and customer-centric services. Many vendors provide customized services that enable consumers to choose from their product offerings. Compliance with environmental standards is considered a crucial factor for market growth. Thus, vendors should offer polybutylene terephthalate that is manufactured in compliance with environmental standards. Factors such as product performance, price, and environmental concerns are expected to continue to influence the competition in the global market during the forecast period.

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• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/active/niche/trivial - Buy the report!

Vendor offerings -

• BASF SE - The company offers polybutylene terephthalate, namely Ultradur.
• Celanese Corp. - The company offers polybutylene terephthalate, such as Celanex PBT, Vandar HI-PBT, and Crastin PBT.
• China Petrochemical Corp. - The company offers polybutylene terephthalate used in plastic, fiber, optical cable, and film.
• Daicel Corp. - The company offers polybutylene terephthalate, namely DAICEL DCpak PBT.
• For details on vendors and their offerings – Request a sample report

Polybutylene terephthalate market - Segmentation assessment

Segment overview
Technavio has segmented the market based on application (electrical and electronics, automotive, household appliances, and extrusion products), type (industrial grade and commercial grade), and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

• The electrical and electronic segment will account for a significant share of market growth during the forecast period. Polybutylene terephthalate is used in various electrical and electronic applications, such as data communications devices, cameras, millimeter-wave radars, and light detection and ranging (LiDAR). It is mainly used to seal, encapsulate, and insulate microelectronic components and printed circuit boards. Vendors such as Toray and LG Chem offer polybutylene terephthalate for various electronic devices. The wide range of applications of polybutylene terephthalate in this segment will drive its growth during the forecast period.

Geography overview

The report provides actionable insights and estimates the contribution of all regions to the growth of the global polybutylene terephthalate market.

• APAC is estimated to account for 56% of the growth of the global market during the forecast period. In APAC, industries such as automotive, construction, medical devices, and electronics are the major end-users of polybutylene terephthalate. The high demand for automobiles in countries such as China, India, Indonesia, Thailand, and Vietnam is driving the growth of the automobile industry in the region. Moreover, countries such as China, South Korea, India, and Japan have a well-established electronics industry, which will increase the use of polybutylene terephthalate. In the healthcare industry, medical device manufacturers are focusing on expanding their reach and introducing high-quality products and services in APAC. These factors are expected to drive the growth of the market in APAC during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a sample report

Polybutylene terephthalate market – Market dynamics

Key trends – The increasing number of product launches is a key trend in the market. Manufacturers of polybutylene terephthalate are launching various products to meet the needs of end-users in various industries, such as automotive and electrical and electronics. The number of new product launches has increased in recent years. Moreover, vendors are providing specialized and sustainable solutions to end-users. For instance, in June 2022, Lanxess launched a new halogen-free, flame-retardant, and hydrolysis-stabilized polybutylene terephthalate compound. Vendors are also investing in developing advanced polybutylene terephthalate with properties such as high corrosion resistance. Such factors will support the growth of the global market during the forecast period.

Major challenges - The threat of substitutes is challenging market growth. Polyethylene terephthalate can be a major substitute for polybutylene terephthalate owing to its high strength and rigidity. In the automotive and electronics industries, polyethylene terephthalate has various applications, such as packaging, textiles, films, and molded parts. It is highly resistant to impact, moisture, alcohol, and solvents. Some of the products made from polyethylene terephthalate include bottles and jars, carpets, clothing, ropes, automotive parts, fiberfill, construction materials, and protective packaging. Moreover, polyethylene terephthalate can be easily recycled. These factors will impede market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this polybutylene terephthalate market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the polybutylene terephthalate market between 2023 and 2027
• Precise estimation of the size of the polybutylene terephthalate market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the polybutylene terephthalate market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of polybutylene terephthalate market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global polybutylene terephthalate market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global polybutylene terephthalate market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Electrical and electronics - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%)

• 6.4 Automotive - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 6.5 Household appliances - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Household appliances - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Household appliances - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Household appliances - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Household appliances - Year-over-year growth 2022-2027 (%)

• 6.6 Extrusion products - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Extrusion products - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Extrusion products - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Extrusion products - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Extrusion products - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 51: Chart on Type - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 53: Chart on Comparison by Type
• Exhibit 54: Data Table on Comparison by Type

• 7.3 Industrial grade - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Industrial grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Industrial grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Industrial grade - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Industrial grade - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial grade - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Commercial grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Commercial grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Commercial grade - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Commercial grade - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027 
• Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 BASF SE
• Exhibit 116: BASF SE - Overview
• Exhibit 117: BASF SE - Business segments
• Exhibit 118: BASF SE - Key news
• Exhibit 119: BASF SE - Key offerings
• Exhibit 120: BASF SE - Segment focus

• 12.4 Celanese Corp.
• Exhibit 121: Celanese Corp. - Overview
• Exhibit 122: Celanese Corp. - Business segments
• Exhibit 123: Celanese Corp. - Key offerings
• Exhibit 124: Celanese Corp. - Segment focus

• 12.5 China Petrochemical Corp. 
• Exhibit 125: China Petrochemical Corp. - Overview
• Exhibit 126: China Petrochemical Corp. - Business segments
• Exhibit 127: China Petrochemical Corp. - Key offerings
• Exhibit 128: China Petrochemical Corp. - Segment focus

• 12.6 Daicel Corp.
• Exhibit 129: Daicel Corp. - Overview
• Exhibit 130: Daicel Corp. - Business segments
• Exhibit 131: Daicel Corp. - Key news
• Exhibit 132: Daicel Corp. - Key offerings
• Exhibit 133: Daicel Corp. - Segment focus

• 12.7 DuPont de Nemours Inc. 
• Exhibit 134: DuPont de Nemours Inc. - Overview
• Exhibit 135: DuPont de Nemours Inc. - Business segments
• Exhibit 136: DuPont de Nemours Inc. - Key news
• Exhibit 137: DuPont de Nemours Inc. - Key offerings
• Exhibit 138: DuPont de Nemours Inc. - Segment focus

• 12.8 Kingfa SCI. and TECH. Co. Ltd. 
• Exhibit 139: Kingfa SCI. and TECH. Co. Ltd. - Overview
• Exhibit 140: Kingfa SCI. and TECH. Co. Ltd. - Product / Service
• Exhibit 141: Kingfa SCI. and TECH. Co. Ltd. - Key offerings

• 12.9 Kolon Plastics Inc.
• Exhibit 142: Kolon Plastics Inc. - Overview
• Exhibit 143: Kolon Plastics Inc. - Product / Service
• Exhibit 144: Kolon Plastics Inc. - Key offerings

• 12.10 Lanxess AG
• Exhibit 145: Lanxess AG - Overview
• Exhibit 146: Lanxess AG - Business segments
• Exhibit 147: Lanxess AG - Key offerings
• Exhibit 148: Lanxess AG - Segment focus

• 12.11 LG Chem
• Exhibit 149: LG Chem - Overview
• Exhibit 150: LG Chem - Business segments
• Exhibit 151: LG Chem - Key news
• Exhibit 152: LG Chem - Key offerings
• Exhibit 153: LG Chem - Segment focus

• 12.12 LyondellBasell Industries NV 
• Exhibit 154: LyondellBasell Industries NV - Overview
• Exhibit 155: LyondellBasell Industries NV - Business segments
• Exhibit 156: LyondellBasell Industries NV - Key news
• Exhibit 157: LyondellBasell Industries NV - Key offerings
• Exhibit 158: LyondellBasell Industries NV - Segment focus

• 12.13 Mitsubishi Chemical Corp. 
• Exhibit 159: Mitsubishi Chemical Corp. - Overview
• Exhibit 160: Mitsubishi Chemical Corp. - Business segments
• Exhibit 161: Mitsubishi Chemical Corp. - Key news
• Exhibit 162: Mitsubishi Chemical Corp. - Key offerings
• Exhibit 163: Mitsubishi Chemical Corp. - Segment focus

• 12.14 Radici Partecipazioni Spa 
• Exhibit 164: Radici Partecipazioni Spa - Overview
• Exhibit 165: Radici Partecipazioni Spa - Product / Service
• Exhibit 166: Radici Partecipazioni Spa - Key offerings

• 12.15 Saudi Basic Industries Corp. 
• Exhibit 167: Saudi Basic Industries Corp. - Overview
• Exhibit 168: Saudi Basic Industries Corp. - Business segments
• Exhibit 169: Saudi Basic Industries Corp. - Key offerings
• Exhibit 170: Saudi Basic Industries Corp. - Segment focus

• 12.16 Sinochem Group Co. Ltd. 
• Exhibit 171: Sinochem Group Co. Ltd. - Overview
• Exhibit 172: Sinochem Group Co. Ltd. - Product / Service
• Exhibit 173: Sinochem Group Co. Ltd. - Key offerings

• 12.17 Toray Industries Inc. 
• Exhibit 174: Toray Industries Inc. - Overview
• Exhibit 175: Toray Industries Inc. - Business segments
• Exhibit 176: Toray Industries Inc. - Key offerings
• Exhibit 177: Toray Industries Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations 
• Exhibit 184: List of abbreviations

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