08-Feb-17 Polybutylene terephthalate and polyethylene terephthalate if used outdoors needs UV protection and most variations of these polyesters are combustible. To improve flammability and UV properties, additives can be used. As per Transparency Market Research, the global market for PBT is segmented on the basis of application and geography. On the basis of application, the market is segmented into extrusion products, household appliances, automotive, and electrical & electronics. Electrical & electronics was the dominant segment in 2015 and is forecasted to have a steady growth rate over the forecast period. PBT has extensive application in the electrical & electronics industry in different electronic parts such as power sockets, switches, transformer insulation, sensor coverings, boards, sockets, and connectors. This extensive application is due to its efficient electrical properties, high stability dimensionally under heat, and wide mechanical properties which makes it efficient in applications that involves flow of electrical power.
PBT made products are used in the automobile industry owing to their dimensional stability, rigidity, weather and heat resistance, and lubricant and fuel resistance PBT has a wide range of application in the plastics and polymers industry because it offers highly efficient performance blends like acrylonitrile styrene acrylate (ASA) and polyethylene terephthalate (PET). It provides an important integration of high technical features and good stability dimensionally. This is attributed to its considerable stiffness, low water absorption, and excellent heat resistant properties.
Major drivers of the global PBT market include growing demand for eco-friendly, more sustainable green materials which has triggered market growth of recyclable PBT blends. The introduction of Electronic Vehicles (EV) has resulted in the surfacing of latest high-voltage applications that require electrical components which are more efficient such as power sockets, switches, transformer insulation, sensor coverings, connectors, boards and sockets among others. Owing to the high performance electrical properties of PBT, it is widely used in these components, which is driving its application in the EVs market thus triggering overall market growth. In addition, growing popularity of miniaturization of electrical parts is also driving the demand for PBT in a positive way. The microscopic parts of miniaturized devices that is madeof polymers like PBT holds only around 25% of the printed circuit board area and are less than 20% of the total volume.
Geographically, the global market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. APAC held the dominant market share in the global PBT market in 2015 and is forecasted to continue its dominance over the forecast period. PBT esins are used in varied applications in the automobile industry such as in luxury car variants. The growing demand for compound functions in cars has led to the extensive use of PBT in automobile exterior and interior parts. In addition, molding of composites and design innovations is forecasted to further trigger growth of the PBT market in the APAC region. Major players include BASF SE (Germany), Celanese Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), Lanxess Aktiengesellschaft (Germany), SABIC (Saudi Arabia), and Toray Industries, Inc. (Japan).
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