PBT Engineering Plastics Market, Global Outlook and Forecast 2024-2030
The global PBT Engineering Plastics market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. PBT is semi-crystalline, white or off-white polyester similar in both composition and properties to polyethyleneterephthalate (PET). It is a thermoplastic engineering polymer that is used as an insulator in the electrical, electronics, automobile, mechanical equipment and precision instruments industries. PBT is present in everyday life and is common in electrical, electronic and automotive components. PBT resin and PBT compound are the two types of products that are used in various applications. PBT compound is comprised of various materials that can include PBT resin, fiber glass filing, and additives, whereas the PBT resin only includes the base resin. The material is often used in mineral or glass filled grades. M...