India Polybutylene Terephthalate (PBT) Market Analysis 2022: Featuring DuPont, Lanxess, Celanese and Chang Chun Plastics Among Others - ResearchAndMarkets.com
India Polybutylene Terephthalate (PBT) resin market demand stood at 22.91 Thousand Tonnes in FY2021 and is forecast to reach 40.04 Thousand Tonnes by FY2030, growing at a healthy CAGR of 6.40% until 2030. Innovation in packaging application coupled with high demand for packaged and lightweight food is the major driver for the forecast period
DUBLIN--(BUSINESS WIRE)--Dec 5, 2022--
The PBT)+Market+Analysis+2022%3a+Featuring+DuPont%2c+Lanxess%2c+Celanese+and+Chang+Chun+Plastics+Among+Others&utm_exec=jamu273prd" rel="nofollow" shape="rect">"India Polybutylene Terephthalate (PBT) Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030" report has been added to ResearchAndMarkets.com's offering.
India Polybutylene Terephthalate (PBT) resin market demand stood at 22.91 Thousand Tonnes in FY2021 and is forecast to reach 40.04 Thousand Tonnes by FY2030, growing at a healthy CAGR of 6.40% until 2030. Innovation in packaging application coupled with high demand for packaged and lightweight food is the major driver for the forecast period.
PBT is an efficient thermoplastic produced by the utilization of 1,4 Butanediol, Dimethyl Terephthalate, and Purified Terephthalic Acid. The electrical and electronic industry accounts for over 60 percent of the total domestic demand for PBT followed by the automotive industry. Owing to its good processability and high heat resistance, PBT is widely consumed for the manufacturing of sockets, seat belts, bonnet components, and chip sockets in the automotive industry. Whereas it is profoundly consumed for the manufacturing of connectors, cable enclosures, capacitors, etc. in the electrical and electronic industry.
