About PBT & Polyamides
Polybutylene terephthalate (PBT) is a specific type of polyester made from the reaction of 1,3-butanediol and terephthalic acid. It is a thermoplastic engineering polymer that is used as an insulator in the electrical and electronics industries. Polyamides, also known as nylons, are a family of versatile synthetic polymers with amide linkages (-NHCO-) in their main chain. These linkages are formed by the reaction of a carboxylic acid with an amine. Polyamides occur both naturally and artificially. The increasing demand for sustainable and bio-based materials is creating opportunities for both PBT & Polyamides, which are expected to witness significant growth in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. There are various growth opportunities in this market which are captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global PBT & Polyamides market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), LyondellBasell Industries Holdings B.V. (United States), INVISTA (United States), Mitsubishi Chemical Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), DuPont (United States), Ascend Performance Materials (United States), DSM (Netherlands), Evonik Industries AG (Germany) and Solvay (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dow (United States), SABIC (Saudi Arabia), Formosa Plastics Corporation (Taiwan), LOTTE Chemical Corporation (South Korea) and Reliance Industries Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global PBT & Polyamides market by , Application (Clothing, Films, Plastics, Furniture and Others) and Region.
On the basis of geography, the market of PBT & Polyamides has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Electrical & Electronics Industry will boost the PBT & Polyamides market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. PBT (Flame-Retardant PBT, Lubricated PBT, Non-Reinforced PBT, Glass-Reinforced PBT) will boost the PBT & Polyamides market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. PBT (Crystalline, Amorphous) will boost the PBT & Polyamides market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in Processing Technologies
Market Growth Drivers:
Growing Demand from End-use Industries and Rising Demand for Lightweight and Sustainable Materials
Challenges:
Government Stringent Regulations Regarding Safety
Restraints:
High Production Cost & Raw Material Fluctuations
Opportunities:
Development of New Grades with Improved Properties and Rising Urbanization and Economic Growth in Developing Countries
Market Leaders and their expansionary development strategies
In November 2022, DuPont de Nemours and Celanese agreed to merge their mobility & materials businesses, creating a diversified leader in engineering materials. This merger focuses on nylon and other high-performance polymers used in electronics, automotive, and other industries.
In August 2022, DSM launched the bio-based polyamide "Stanyl B-MB (Bio-based Mass Balanced)" with up to 100% bio-based content. Using the maximum possible levels of biomass-waste feedstock enables DSM Engineering Materials to halve the carbon footprint of this product line and, by extension, of the Stanyl B-MB-based products of its customers.
Key Target Audience
Manufacturer, New Entrance, Suppliers & Distributors, Government Bodies, Research Center, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.