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.
The outbreak of Coronavirus in the final quarter of FY 20 has led to an adverse fluctuation in demand for PBT from the Indian automotive industry. Despite the implementation of BS-VI fuel emission norm requiring production of BS-VI fuel compatible vehicles by April 2020, the demand for PBT in the automotive industry has significantly declined on prolonging economic slowdown aggravated by the temporary production turnarounds in companies, taken up to grapple high inventories and low revenue as an effect of low buying sentiments in wake of Coronavirus outbreak.
However, the slumped demand for PBT from the automotive industry is anticipated to recover in the coming years on gradual recovery in the Indian economy leading to the enhanced annual income of the masses. In contrast, the coronavirus outbreak has been positively affected the demand for PBT from the electrical and electronic industry by increasing domestic manufacturing to combat the limited supply of raw materials and finished goods from major exporting countries as an outcome of disruption in worldwide trade dynamics.
The demand is expected to propel further in the coming years as the government is laying high stress on enhancing domestic manufacturing in various industrial sectors to consolidate high revenues for assisting the economy. In addition, increasing demand for PBT in extrusion applications is expected to emerge as a potential segment for outgrowing the demand for PBT in the forecast period. In addition to various end-user industries, demand for PBT varies with regions too. North and West region accounts for the major consumption of PBT due to the presence of a good number of end-user industries along with a vast distribution channel.
PBT is being manufactured by Toray Industries in India with a plant capacity of 5 KTPA. Owing to the limited production of the product in the country, imports primarily cater to the PBT demand in India. To establish an efficient production base for PBT in the country, there is a need to encourage new manufacturers to emerge in the domestic market.
Years Considered for this Report:
Companies Mentioned
Objective of the Study:
Key Topics Covered:
1. India PBT Market Outlook, 2015-2030
1.1. Capacity By Company
1.2. Capacity By Location
1.3. Production By Company
1.4. Capacity By Technology
1.5. Operating Efficiency By Company
1.6. Country-Wise Import
1.7. Country-Wise Export
1.8. Demand-Supply Gap
2. India PBT Demand Outlook, 2015-2030
2.1. By End Use
2.2. By Application
2.3. By Distribution Channel
2.4. By Region
2.5. By Company Share
3. News & Deals
For more information about this report visit PBT)+Market+Analysis+2022%3a+Featuring+DuPont%2c+Lanxess%2c+Celanese+and+Chang+Chun+Plastics+Among+Others&utm_exec=jamu273prd" rel="nofollow" shape="rect">https://www.researchandmarkets.com/r/9hed0z
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com:https://www.businesswire.com/news/home/20221205005416/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD: INDIA ASIA PACIFIC
INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/05/2022 08:37 AM/DISC: 12/05/2022 08:37 AM
http://www.businesswire.com/news/home/20221205005416/en