Polybutylene Terephthalate (PBT) Market Outlook - Supply and Demand Analysis 2025-2034

Polybutylene Terephthalate (PBT) Market

Polybutylene terephthalate (PBT) is a type of general-purpose engineering plastic which can be obtained from 1,4-butandediol and terephthalic acid. It is a semi-crystalline thermoplastic material which possesses excellent mechanical and chemical properties, dimensional stability, moldability, and wear resistance. It is highly suitable for various molding processes has gained significant commercial interest. It finds application in a wide range of industries including electronics manufacturing, automotives, and film extrusion molding.

Global Supply/Demand Outlook

The global polybutylene terephthalate (PBT) market stood at a volume of around 1,290 KT in 2023. The market is estimated to grow at a CAGR of 5.10% between 2025 and 2034 to reach a volume of about 1,987.7 KT by 2032. The key factors propelling the PBT market are the growing automotive production and the thriving electrical and electronics sector. The electrical and electronics industry is the leading consumer of PBT, holding nearly 52% of the market share. This growth is supported by excellent electrical properties and temperature resistance of PBT which make it suitable for various electrical and electronic applications like connector, IC sockets, micro switch, hair-dryer parts, television components, glue guns, micro-motor housing, and many others. In the automotive sector, it used for manufacturing components like wiper gear case, ignition system parts, bumper, outer handle, etc.

The global capacity of PBT was about 2,300 KT in the year 2023. It is estimated to reach 2,900 KT by 2032. The plant capacity utilisation of PBT stood at 60% in 2023.

Regional Market Analysis

In terms of demand, the Asia Pacific represents the leading market, with an estimated 68% market share. The market benefits from the growing demand for electrical components from developing regions like India and China and the growing manufacturing capabilities of these countries. North America and Europe are other significant markets.

Key Market Players

ChangChun Group is one of the leading manufactures of PBT with over 21 years of experience in PBT manufacturing. The company uses continuous PBT polymerization process and its in-house technology to produce high-quality PBT compound. The company holds approximately 12.07% of the global PBT capacity. Currently, the company offers halogen-free, high-impact, high-stiffness, low-warpage, ultraviolet (UV) stabilised, fine-gloss, hydrolysis resistance, and alloy grades of PBT. Other major manufacturers of PBT are SABIC, Lanxess AG, and Sinopec.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for polybutylene terephthalate (PBT) by application and region?

• What are the types of polybutylene terephthalate (PBT) available by region?

• Which segments and regions are projected to grow at a faster pace and why in the polybutylene terephthalate (PBT) market?

• What is the nameplate capacity of polybutylene terephthalate (PBT) by region from 2018 to 2032?

• How does the plant capacity utilisation of polybutylene terephthalate (PBT) vary by region between 2018 and 2034?

• Who are the major players in the polybutylene terephthalate (PBT) market by capacity and region?

• What major plant shutdowns and expansions have occurred in the polybutylene terephthalate (PBT) market in the last year and the last quarter?

• What major plant shutdowns and expansions are planned in the polybutylene terephthalate (PBT) market over the next year and quarters?

• How did export and import dynamics of polybutylene terephthalate (PBT) vary by region in terms of value between 2018 and 2023?

• How did export and import dynamics of polybutylene terephthalate (PBT) vary by region in terms of volume between 2018 and 2023?

• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of polybutylene terephthalate (PBT)?

• What are the environmental considerations and regulatory impacts affecting the polybutylene terephthalate (PBT) market?

• What technological innovations are having an impact on the production and application of polybutylene terephthalate (PBT)?

• What are the key trends and innovations in the polybutylene terephthalate (PBT) market?

• What are the challenges and opportunities faced by polybutylene terephthalate (PBT) manufacturers?

• What are the potential risks and barriers to entry for new players in the polybutylene terephthalate (PBT) market?

• What strategic investments and expansions have major players made in the polybutylene terephthalate (PBT) market?

• How are geopolitical factors and international trade policies affecting the global polybutylene terephthalate (PBT) market?

• What are the price trends for polybutylene terephthalate (PBT), and how are they expected to change?

• How does the supply chain of polybutylene terephthalate (PBT) operate, and what are its key components?