The global polybutylene terephthalate (PBT) market size reached USD 3,030.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 4,127.5 Million by 2033, exhibiting a growth rate (CAGR) of 3.32% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 3,030.6 Million |
Market Forecast in 2033
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USD 4,127.5 Million |
Market Growth Rate 2025-2033 | 3.32% |
Polybutylene terephthalate (PBT) is a high molecular semicrystalline engineering thermoplastic utilized as an insulating material in electronic components. It is a semi-aromatic and white or off-white colored polyester produced by polycondensation of dimethyl terephthalate or terephthalic acid with butanediol. PBT is widely used in the manufacturing of keyboards, distribution boxes, plug connectors, relays, switches and fiber optic cable jackets. It exhibits high strength, chemical, abrasion and heat resistance and dimensional stability. In comparison to the traditionally used polyethylene terephthalate (PET), PBT has a low melting point, crystallizes easily and exhibits higher impact resistance and flexibility. As a result, it finds extensive application across various industries, such as automotive, textile, electrical and electronics.
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. PBT is widely used in the manufacturing of cast iron, stainless steel, bronze and ceramic-based automobile handles, fuel system components, windshield wiper covers, connectors and seat belts. Additionally, the increasing product utilization in the textile industry for producing swimwear due to the natural elastic, saltwater resistant and color retention properties of PBT is favoring the market growth. Moreover, various product innovations, such as the development of recyclable PBT, are providing a thrust to the market growth. These PBT variants are manufactured using sustainable green materials and is environmentally friendly, biocompatible and biodegradable. In line with this, the increasing demand for PBT in the manufacturing of high-voltage and sensitive electronic sensors in electric vehicles (EVs) is positively impacting the market growth. Other factors, including the implementation of various government initiatives to promote the utilization of PBT in various industries, along with the increasing product utilization to manufacture deflection coils, bushings and adapter coil bobbins, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global polybutylene terephthalate (PBT) market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, processing method and end use industry.
Breakup by Type:
Breakup by Processing Method:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Celanese Corporation, Chang Chun Group, Clariant AG, Daicel Corporation, DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM N.V., Lanxess AG, LG Chem Ltd., Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Saudi International Petrochemical Company (Sipchem) and Toray Industries Inc.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Segment Coverage | Type, Processing Method, End Use Industry, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | BASF SE, Celanese Corporation, Chang Chun Group, Clariant AG, Daicel Corporation, DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM N.V., Lanxess AG, LG Chem Ltd., Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Saudi International Petrochemical Company (Sipchem) and Toray Industries Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global Polybutylene Terephthalate (PBT) market was valued at USD 3,030.6 Million in 2024.
We expect the global Polybutylene Terephthalate (PBT) market to exhibit a CAGR of 3.32% during 2025-2033.
The rising adoption of PBT across the automotive industry for the manufacturing of cast iron, stainless steel, bronze and ceramic-based automobile handles, etc., is primarily driving the global polybutylene terephthalate (PBT) market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various manufacturing units for polybutylene terephthalate.
Based on the type, the global Polybutylene Terephthalate (PBT) market can be categorized into industrial grade and commercial grade. Currently, industrial grade exhibits clear dominance in the market.
Based on the processing method, the global Polybutylene Terephthalate (PBT) market has been segmented into injection molding, extrusion, blow molding, and others. Among these, injection molding currently holds the majority of the total market share.
Based on the end use industry, the global Polybutylene Terephthalate (PBT) market can be bifurcated into automotive, extrusion products, electrical and electronics, and others. Currently, the automotive industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global Polybutylene Terephthalate (PBT) market include BASF SE, Celanese Corporation, Chang Chun Group, Clariant AG, Daicel Corporation, DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM N.V., Lanxess AG, LG Chem Ltd., Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Saudi International Petrochemical Company (Sipchem), and Toray Industries Inc.