Get the latest insights on price movement and trend analysis of Polybutylene Terephthalate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

During the fourth quarter of 2024, the polybutylene terephthalate (PBT) prices in the United States reached 3320 USD/MT in December. The market saw downward pressure, influenced by low demand, especially in the automotive sector. Although feedstock costs remained stable, the market was impacted by logistical challenges and a lack of new orders. Year-end seasonal factors and ongoing destocking efforts further contributed to the decline.

Explore IMARC’s newly published report, titled “Polybutylene Terephthalate (PBT) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of polybutylene terephthalate (pbt) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Why did the Polybutylene Terephthalate Price Change in July 2025? Polybutylene Terephthalate (PBT) prices in North America increased marginally by 0.2% QoQ in Q2 2025, supported by tight inventory control and stabilized supply-demand fundamentals.

The Polybutylene Terephthalate Market report segments the industry into End User Industry (Automotive, Electrical and Electronics, Industrial and Machinery, Other End-user Industries) and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Get five years of historical data alongside five-year market forecasts.

Polybutylene Terephthalate market report offers valuable insights on pricing dynamics, demand-supply equilibrium, future projections, company analysis, and industry forecasts till 2034.

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Polybutylene Terephthalate Market Size 2024-2028

The polybutylene terephthalate market size is forecast to increase by USD 736.3 million, at a CAGR of 5.29% between 2023 and 2028.

The Polybutylene Terephthalate (PBT) market witnesses significant growth, driven by the increasing demand in the automotive industry. This sector's continuous expansion is fueled by the material's superior properties, including high durability, excellent electrical insulation, and resistance to heat and chemicals. Moreover, market participants are expanding their production capacities to cater to the escalating demand. However, the market's landscape is not without challenges. The volatility of crude oil prices poses a significant threat to the market's stability.
As a petrochemical derivative, PBT production relies heavily on crude oil prices, making it susceptible to price fluctuations. Therefore, market players must closely monitor and adapt to these price shifts to maintain profitability and competitiveness. The market is witnessing fluctuations in crude oil prices, leading to the shift towards the use of PBT as a cost-effective alternative to steel and other traditional materials in various applications, including medical devices, LED lighting, and injection molding for consumer electronics.

What will be the Size of the Polybutylene Terephthalate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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Polybutylene terephthalate (PBT), a high-performance thermoplastic polyester, continues to gain traction in various sectors due to its unique properties. The evolving market dynamics of PBT are shaped by its versatile applications, which range from electrical insulation and automotive components to textiles and consumer products. PBT's demand is driven by its exceptional impact strength and dielectric strength, making it a preferred choice for electrical components and industrial equipment. Its Vicat softening point ensures dimensional stability during processing, enabling efficient manufacturing through techniques such as extrusion molding and injection molding. The PBT market size is expanding as new applications emerge, including biodegradable PBT in textiles and surface resistivity applications in electronic components.

The ongoing research and development in PBT manufacturing processes, such as chemical recycling and the creation of PBT alloys, further fuel market growth. PBT's heat resistance and mechanical strength make it an ideal material for automotive components, while its moisture resistance and wear resistance contribute to its popularity in industrial equipment and engineering plastics. The continuous unfolding of market activities includes the development of flame retardant PBT and the integration of ROHS compliance for environmental sustainability. As PBT's role in various industries continues to evolve, so do the challenges and opportunities within the PBT supply chain. Processing aids, such as mineral filled PBT and mold release agents, play a crucial role in optimizing production efficiency and ensuring consistent product quality.

The ongoing pursuit of high-performance polymers and the integration of PBT recycling further underscore the dynamic nature of the PBT market.

How is this Polybutylene Terephthalate Industry segmented?

The polybutylene terephthalate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Electrical and electronics
  Automotive
  Household appliances
  Extrusion products


Type

  Industrial grade
  Commercial grade


Form

  Granules
  Pellets


Manufacturing Process

  Polymerization
  Compounding


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The electrical and electronics segment is estimated to witness significant growth during the forecast period.

Polybutylene terephthalate (PBT), a thermoplastic engineering polymer, plays a significant role in various electrical and electronic applications. Devices such as data communications equipment, cameras, millimeter-wave radars, and Light Detection and Ranging (LiDAR) systems utilize PBT for sealing, encapsulating, and insulating microelectronic components and printed circuit boards. Its excellent insulation properties protect electronics from damage. PBT offers resistance to solvents, water, and high temperatures, making it an ideal choice for such applications.

The Polybutylene Terephthalate (PBT) Market size is expected to reach a valuation of USD 7.7 billion in 2033 growing at a CAGR of 6.80%. The Polybutylene Terephthalate (PBT) Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

The global Polybutylene Terephthalate (PBT) market stood at approximately 1200 thousand tonnes in 2022 and is anticipated to grow at a healthy CAGR of 5.16% during the forecast period until 2030.

Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market size was valued at USD 39.89 Billion in 2024 and is projected to reach USD 29.2 Billion by 2031, growing at a CAGR of 7.18% from 2024 to 2031

The increasing demand for products due to the unique feature of PET being only recyclable polyester and is used in different applications compared to the other thermosetting materials and the rise in demand from the automotive sector for PBT materials to reduce fuel consumption and CO2 emission are expected to boost the global market growth of Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins in the upcoming years. In the future, increased awareness of recycled Polyethene Terephthalate's advantages will likely drive strong demand in the worldwide Polyethylene Terephthalate (PET) Resin market. Furthermore, increasing usage in attention merchandise, demand from personal care and pharmaceutical business, and the quality of ready-to-drink beverages & flavoured water are likely to boost the market growth.

Polybutylene Terephthalate (PBT) Market size was valued at USD 1.94 Billion in 2024 and is projected to reach USD 3.08 Billion by 2031, growing at a CAGR of 5.28% from 2024 to 2031.

Numerous significant reasons that highlight the material's exceptional qualities and wide range of applications are driving the polybutylene terephthalate (PBT) market. First off, the market is greatly boosted by the automotive industry's growing need for strong, lightweight materials. PBT is a material that is widely used in the production of connectors, sensors, and housings because of its exceptional mechanical strength, chemical resistance, and thermal stability. Second, the market is growing because of the growing electrical and electronics industry. PBT is a desirable material because of its exceptional electrical characteristics and flame retardance, making it ideal for insulating components, connections, and other electronic parts. The need for PBT is further fueled by the growing trend in consumer electronics towards miniaturisation and high-performance materials. Furthermore, by providing better performance characteristics, developments in PBT composites and blends expand its uses across a range of industries, including consumer goods, healthcare, and industrial gear. In addition, the market is supported by the focus on recyclable and sustainable materials because PBT complies with environmental requirements and business sustainability objectives.

The global Polybutylene Terephthalate (PBT) plastic market, valued at approximately $1916.2 million in 2025, is projected to experience a slight decline in growth, reflecting a Compound Annual Growth Rate (CAGR) of -0.8% from 2025 to 2033. This modest contraction, despite the inherent robustness of PBT, likely stems from several factors. Increased competition from alternative engineering plastics, particularly those offering superior performance in specific applications or a more favorable price point, could contribute to this subdued growth. Additionally, fluctuating raw material costs and economic uncertainties might influence market demand, causing some hesitation in investment and adoption. However, the inherent advantages of PBT—such as its high strength, chemical resistance, and dimensional stability—continue to drive demand in key sectors. The automotive industry, a significant consumer of PBT for its electrical and mechanical components, is expected to remain a key market driver, although the pace of growth may be moderated by shifting vehicle production dynamics. Furthermore, ongoing research and development efforts focused on enhancing PBT's properties, such as improving its heat resistance or introducing bio-based alternatives, might eventually revitalize market growth in the latter half of the forecast period. The expansion of electronics and electrical industries in developing economies could also create new opportunities for PBT adoption. The competitive landscape of the PBT market is characterized by a mix of large multinational corporations and regional players. Companies like RTP, SABIC, DSM, BASF, PolyOne, and Ticona, along with several significant Asian manufacturers, are key players driving innovation and supply. While consolidation within the industry may occur in the coming years, the overall market structure is expected to remain fairly fragmented. Differentiation strategies based on specialized formulations, superior customer service, and vertical integration will be crucial for success in this competitive environment. The regional distribution of market share is likely to reflect existing manufacturing capacities and industrial demand, with established markets in North America, Europe, and Asia exhibiting varied rates of growth based on their economic performance and specific industry developments. Monitoring these factors will provide insights into the ongoing evolution of the PBT market.

Polybutylene terephthalate (PBT) market is forecast to reach USD 70.94 billion by 2027. polybutylene terephthalate (PBT) is a thermoplastic material, which is a semi- crystalline in nature. its properties are similar to that of polyethylene terephthalate (PET).

Polybutylene Terephthalate Market Outlook 2032

The global polybutylene terephthalate market size was USD 3.08 Billionin 2023 and is likely to reach USD 5.41 Billion by 2032, expanding at a CAGR of 6.52% during 2024–2032. The market growth is attributed to the rising demand for lightweight and high-performance materials across the globe.



Increasing demand for lightweight and high-performance materials in various industries is driving the polybutylene terephthalate market. Polybutylene terephthalate (PBT), a type of thermoplastic polymer, offers a unique combination of mechanical and electrical properties, such as toughness, dimensional stability, and excellent resistance to heat and chemicals. These characteristics make it an ideal material for a wide range of applications, including automotive parts, electrical appliances, and consumer electronics.

Manufacturers strive for fuel efficiency, and the need for materials such as PBT, which offer a high strength-to-weight ratio, is on the rise. This thermoplastic polymer is used extensively in the production of under-the-hood components, fuel injectors, and sensors, contributing significantly to the overall weight reduction of vehicles. This, in turn, is likely to increase the demand for the automotive industry in the market.

Impact of Artificial Intelligence (AI) in Polybutylene Terephthalate Market

The use of artificial intelligence is likely to boost the polybutylene terephthalate market. AI-driven predictive analytics allows manufacturers to anticipate market trends, enabling them to adjust production levels accordingly and avoid overproduction or shortages. AI-powered inspection systems ensure the consistency and quality of PBT products, reducing waste and improving customer satisfaction, in the realm of quality control.



AI is streamlining the supply chain by optimizing inventory management and logistics, leading to cost savings and increased efficiency. AI algorithms are accelerating the discovery of new PBT variants with enhanced properties, opening up new application areas and market opportunities. Thus, AI is enhancing the operational efficiency of PBT manufactu

Polybutylene Terephthalate (PBT) Market Outlook

According to our latest research, the global Polybutylene Terephthalate (PBT) market size in 2024 stands at USD 2.21 billion. The market is projected to grow at a robust CAGR of 5.7% during the forecast period, reaching a value of approximately USD 3.71 billion by 2033. This growth is primarily driven by the rising demand for high-performance engineering plastics in various industries, especially automotive and electrical & electronics. The increasing shift towards lightweight and durable materials in manufacturing processes is significantly bolstering the adoption of Polybutylene Terephthalate on a global scale.

One of the key growth factors propelling the Polybutylene Terephthalate market is the automotive sector's rapid transformation towards lightweight vehicles. As automakers face stringent emission regulations and fuel efficiency targets, the need for materials that can reduce vehicle weight without compromising structural integrity has intensified. PBT, renowned for its excellent mechanical properties, chemical resistance, and dimensional stability, has become a material of choice for manufacturing various under-the-hood components, connectors, and housings. Its ability to withstand high temperatures and harsh environments further enhances its suitability for automotive electrical systems, contributing to the market's upward trajectory.

Another significant driver is the burgeoning electrical and electronics industry, particularly in Asia Pacific, where consumer electronics production is witnessing exponential growth. PBT's electrical insulation properties, flame retardancy, and durability make it indispensable for manufacturing connectors, switches, sockets, and circuit breakers. The rise of smart devices, IoT-enabled appliances, and the ongoing miniaturization trend in electronics have further amplified the demand for advanced engineering plastics like PBT. Additionally, as manufacturers seek alternatives to traditional materials such as metals and thermosets, PBT offers an attractive balance of cost-effectiveness and performance, fueling its penetration in new application areas.

Furthermore, sustainability trends and advances in polymer processing technologies are fostering innovation in the PBT market. The development of bio-based and recyclable PBT grades is gaining traction, aligning with global environmental regulations and consumer preferences for eco-friendly products. The integration of reinforced PBT composites, such as glass fiber-reinforced variants, is expanding the material's application scope into high-stress industrial environments. These innovations are not only enhancing the functional attributes of PBT but also opening new avenues for market growth across diverse end-use industries.

From a regional perspective, Asia Pacific dominates the global Polybutylene Terephthalate market, accounting for the largest share in 2024, driven by the presence of major automotive and electronics manufacturing hubs in China, Japan, South Korea, and India. Europe and North America follow, with robust demand for PBT in automotive and industrial applications, supported by technological advancements and regulatory pushes for lightweight, sustainable materials. Latin America and the Middle East & Africa are witnessing steady growth, primarily fueled by industrialization and increasing investments in consumer goods and electrical infrastructure. The regional landscape underscores the global nature of the PBT market, with each region contributing uniquely to its expansion.

Type Analysis

The Polybutylene Terephthalate market is segmented by type into Reinforced and Unreinforced PBT. Reinforced PBT, particularly glass fiber-reinforced grades, holds a dominant share due to its superior mechanical strength, rigidity, and resistance to deformation under load. This type is extensively used in applications demanding high performance, such as automotive structural components and industrial machinery parts. The reinforcement enhances the polymer's durability, making it suitable for demanding environments where standard unreinforced PBT may fall short. As industries continue to push the boundaries of material engineering, the demand for reinforced PBT is expected to maintain a steady upward trajectory.

Unreinforced PBT, while less robust than its reinforce

According to Cognitive Market Research, the global Polybutylene Terephthalate PBT Plastic market size is USD 2651.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.70% from 2024 to 2031.

North America holds the major market of more than 40% of the global revenue with a market size of USD 1060.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.9% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 795.36 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 609.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.78% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 132.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031.
Middle East and Africa holds the major market of around 2% of the global revenue with a market size of USD 53.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Number Average Molecular Weights of 23 held the highest Polybutylene Terephthalate PBT Plastic market revenue share in 2024.

Market Dynamics of Polybutylene Terephthalate PBT Plastic Market

Key Drivers for Polybutylene Terephthalate PBT Plastic Market

Rising Demand in Electric Vehicles (EVs) to Increase the Demand Globally

One major driver of polybutylene terephthalate PBT Plastic is the increasing demand for electric vehicles (EVs). Prized for its exceptional electrical qualities, dimensional stability, and flame resistance, PBT is the best option for a variety of EV parts, such as battery casings, housings, and connectors. The EV sector is growing, and with it comes a growing need for durable materials that can survive demanding operating conditions. PBT's characteristics not only guarantee longevity and safety, but also improve the overall effectiveness and performance of electric vehicles, securing its crucial place in this rapidly expanding industry.

Growth of Electronics Industry to Propel Market Growth

Due to its exceptional dimensional stability, heat resistance, and flame retardancy, Polybutylene Terephthalate PBT Plastic is essential to the growth of the electronics industry. Because of these intrinsic qualities, PBT is ideal for a wide range of electronic parts, such as circuit boards, switches, and connections. The need for materials that can survive harsh operating conditions is growing as technology advances spur innovation and downsizing. PBT stands out as a top option since it guarantees the dependability, robustness, and security of electronic equipment in a range of uses. PBT's performance qualities and adaptability make it a material that is essential to the continued development and expansion of the electronics sector.

Restraint Factor for the Polybutylene Terephthalate PBT Plastic Market

Fluctuations in Raw Material Costs to Limit the Sales

Variations in the price of the raw materials used to produce Polybutylene Terephthalate PBT Plastic can have a big impact on manufacturers' profit margins. Because PBT is dependent on ingredients produced from petrochemicals, its production is vulnerable to fluctuations in the price of oil and other market factors. Unexpected changes in the cost of raw materials can cause havoc with pricing plans and operating budgets, making it difficult for manufacturers to stay profitable. Businesses frequently use a variety of tactics, like contract hedging, channel diversification for sourcing, or cost-cutting techniques in production processes, to reduce these risks. In a volatile market, PBT manufacturers must control raw material costs effectively to maintain their stability and competitiveness.

Impact of Covid-19 on the Polybutylene Terephthalate PBT Plastic Market

The COVID-19 epidemic had a major impact on the market for polybutylene terephthalate PBT plastic. The market first encountered supply chain interruptions, which resulted in a slowdown in manufacturing and a shortage of raw materials. Lockdowns and a decline in economic activity further lowered demand in a number of end-user sectors, including consumer products, electronics, and the automobile industry—all of which are significant users of PBT plastics. But when markets progressively recovered and demand ...

The global Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) resin market is experiencing robust growth, driven by the expanding demand for packaging, particularly in the food and beverage sectors. The increasing use of PET and PBT resins in electrical and electronics applications, owing to their superior electrical insulation and dimensional stability properties, further fuels market expansion. While precise market size figures for 2025 are not provided, industry reports suggest a substantial market value, possibly ranging from $30 billion to $40 billion USD, given the significant production volume and diverse applications. Assuming a conservative CAGR of 5% (a figure often seen in this sector), this market is poised for considerable growth in the coming years. The forecast period (2025-2033) indicates significant potential, with the market expected to surpass $50 billion USD by 2033. However, sustainability concerns related to plastic waste and the increasing adoption of biodegradable alternatives pose significant challenges to market growth. Furthermore, fluctuating raw material prices and the competitive landscape with other polymer types (such as bioplastics) also influence the growth trajectory. Market segmentation reveals strong performance in both transparent and non-transparent PET/PBT resin types. The food packaging application segment dominates, followed by the electrical and electronics segment. Regional market analysis indicates that Asia Pacific, particularly China and India, hold substantial market shares due to high population densities, burgeoning industrialization, and expanding consumer goods markets. North America and Europe also contribute significantly, driven by strong established manufacturing and consumption patterns. Major players like Indorama Ventures, Mitsubishi Chemical, SABIC, and BASF are actively shaping the market through innovation, expansion, and strategic partnerships. The continuous development of high-performance PET and PBT resins, enhanced recycling technologies, and the focus on sustainable solutions will be crucial in determining the future market outlook.

Dive into Market Research Intellect's Poly Butylene Terephthalate (PBT) Resin Sales Market Report, valued at USD 2.5 billion in 2024, and forecast to reach USD 4.0 billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.

Global Polybutylene Terephthalate (PBT) market size is expected to reach $3.3 billion by 2029 at 6.1%, the role of polybutylene terephthalate in the surging automotive industry

Polybutylene Terephthalate (PBT) Plastic Market Outlook

The global Polybutylene Terephthalate (PBT) Plastic market size was valued at approximately USD 3.5 billion in 2023 and is projected to reach around USD 5.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period. This robust growth trajectory is primarily driven by increasing applications of PBT plastics across various industries such as automotive, electrical and electronics, and consumer appliances. The superior mechanical properties of PBT, along with its high heat and chemical resistance, make it an ideal material for advanced technological applications, thus fueling its demand globally.

The automotive industry plays a significant role in propelling PBT plastic market growth, as manufacturers increasingly use PBT-based components to replace heavier metal parts, aiming for weight reduction and improved fuel efficiency. Additionally, the ongoing shift towards electric vehicles (EVs) has escalated the demand for PBT plastics used in battery components and charging infrastructure. Another critical growth factor is the rapid expansion of the electrical and electronics industry. Here, PBT's excellent insulating properties and high stability under varying thermal conditions make it indispensable for manufacturing connectors, switches, and other electrical components. As the world leans more towards smart technologies and IoT devices, the demand for durable and reliable electronics components continues to climb, further boosting the PBT market.

The consumer appliances sector also drives significant demand for PBT plastics, as manufacturers seek materials that offer a blend of toughness, heat resistance, and aesthetic appeal. These properties make PBT an ideal candidate for components in household appliances such as washing machines, hair dryers, and microwave ovens. Moreover, the increasing disposable income in emerging economies is leading to a rise in consumer spending on durable goods, thus contributing to the market's expansion. Furthermore, industrial applications of PBT plastics in sectors such as construction and machinery are also on the rise. The need for durable and resistant materials in harsh environmental conditions is supporting this upward trend.

From a regional perspective, Asia Pacific holds a dominant position in the PBT plastic market, accounting for a substantial share of the global consumption. The presence of key automotive and electronics manufacturing hubs in countries such as China, Japan, and South Korea significantly bolsters the region's market position. North America and Europe also present lucrative growth opportunities, driven by technological innovations and a strong focus on sustainable and lightweight materials. The Middle East & Africa and Latin America, while relatively smaller markets, are projected to experience steady growth driven by industrialization and improved economic conditions.

Long Glass Fiber Reinforced PBT is gaining traction as a preferred material choice in the automotive and electronics industries due to its exceptional strength-to-weight ratio and enhanced mechanical properties. This advanced composite material combines the inherent benefits of PBT with the added reinforcement of long glass fibers, resulting in superior impact resistance and dimensional stability. These properties are particularly advantageous in automotive applications, where components must withstand high stress and temperature variations. As manufacturers strive for greater efficiency and sustainability, Long Glass Fiber Reinforced PBT offers a compelling solution for reducing vehicle weight while maintaining structural integrity. This innovation aligns with the industry's shift towards lightweight materials that contribute to improved fuel efficiency and reduced emissions, making it an essential component in the future of automotive design.

Product Type Analysis

Within the PBT plastic market, the product type segment is divided into reinforced and unreinforced PBT. Reinforced PBT is expected to register higher growth due to its enhanced mechanical properties, such as increased strength and stiffness, which are achieved by adding fillers like glass fibers. This modification makes reinforced PBT highly suitable for high-performance applications, particularly in the automotive and electronics industries. The growth of this segment is largely attributed to the ongoing demand for lightweight materials in automotive applications, whe

India Polybutylene Terephthalate (PBT) Resin market is forecast to reach 40.04 Thousand Tonnes by FY2030, growing at a healthy CAGR of 6.40% until 2030