2019 – 2024 Polybutylene Terephthalate (PBT) Market Covers Current Market Scenario, Market Dynamics with Market Drivers, Restraints, and Upcoming Opportunities
The “Polybutylene Terephthalate (PBT) Market” report studies the competitive environment of the Polybutylene Terephthalate (PBT) market is based on company profiles and their efforts on increasing product value and production. Polybutylene Terephthalate (PBT) market report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 5 years, key development in past five years.
Polybutylene Terephthalate (PBT) Market report offers an extensive collection of reports on different markets covering crucial details. Unusual growth strategies adopted by various companies are creating new standards for competition in the global market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The factors that affect these segments are also discussed in detail in the report.
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Leading Key Players Are:
Key Market Trends:
Increasing Demand from Automotive Sector
– PBT, owing to its superior material characteristics, such as heat resistance, strength-to-weight ratio, and chemical stability, is increasingly being used to replace traditional materials, including bronze, stainless steel, cast iron and ceramics in the automotive industry.
– Lightweight plastics are in high demand in the transportation industry due to their competitive pricing, high performance, style, reliability, strength, and safety. Plastic components weigh almost 50% lesser than similar components made from other materials, thus, providing 25%-35% improvement in fuel efficiency, which is a key factor in the automotive and transportation industries.
– In automotive and other transportation facilities, PBT allows for energy absorption, weight reduction, shock absorption for bumpers, restriction of explosion risks in fuel tanks, seat belts, airbags, door & seat assemblies, subsystems, bumpers, under-bonnet components, exterior trim, and various other applications.
– Moreover, PBT is providing manufacturers with major added advantages, including no corrosion, noise-reduction, and low wear & tear, along with resultant increased component and vehicle life. Thereby, they have gradually become an integral part of the automotive industry.
– PBT can be used in interior and exterior applications, especially in electric systems in the automotive. The most common applications include windshield wiper covers, mirror housings, cowl vents, handles, fans, fuel system components, connectors, sensor housings, fuse boxes, actuator cases, power relays, switches, motor components, and ignition system components.
– With the growing automotive industry, the consumption of PBT is projected to increase over the forecast period.
Asia-Pacific Region to Dominate the Market
– Asia-Pacific region dominated the global market share in 2018. In recent years, China has become a global industrial and manufacturing hub.
– The market in China is expected to witness faster growth, compared to other countries, owing to the significant increase in the per-capita income of the Chinese middle-class population and the resultant increase in the sales of consumer goods in the region.
– The manufacturing industry in China is expected to grow on an average of more than 5% during the upcoming years, thereby, being the major driving force for the engineering plastics market, in turn, driving the PBT market in China.
– The Indian economy is also witnessing steady growth and development in the manufacturing sector, especially in the electrical & electronics and the automotive industries. In addition, growth in the consumer goods & appliances sector of the country is also expected to boost the growth of the PBT market.
– All these aforementioned factors are expected to drive the demand for PBT in the region, during the forecast period.
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What are the market factors that are explained in the report?
– Key Developments: Dual Fuel Generator market report includes the key strategic developments of the market, new product launch, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market.
– Market Features: Dual Fuel Generator market report estimated key market structures, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Logical Tools: Global Dual Fuel Generator market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return examination have been used to analyze the growth of the key players operating in the market.
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