Toluene diisocyanate manufacturer News PBT market demand continues to grow. my country is the world’s largest producer and consumer country.

PBT market demand continues to grow. my country is the world’s largest producer and consumer country.

PBT market demand continues to grow and my country is the world's largest producer and consumer country

Polybutylene terephthalate (PBT) is a milky white translucent or opaque material produced by direct esterification of purified terephthalic acid, dimethyl terephthalate, and 1,4-butanediol. Thermoplastic polyester. PBT belongs to the polyester series and has good fatigue resistance, dimensional stability, mechanical strength, molding processability, etc. It is widely used in electronic appliances, automobiles, precision instruments, optical fiber cables, textiles, mechanical equipment and other fields.

In the global market, automobiles and electronic appliances are important areas driving the growth of PBT demand. In 2021, the global PBT market demand will be approximately 1.5 million tons, of which consumption in the automotive field accounts for nearly 40%, and demand in the electronic and electrical field accounts for more than 32.0% . In the future, with the development of lightweight and electrified vehicles, as well as the miniaturization of electronic appliances, the PBT market demand will further increase, and global demand is expected to grow to more than 1.75 million tons in 2026.

According to the “2022-2026 PBT Resin Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, PBT production capacity The distribution is relatively concentrated, mainly in China, Japan, Europe, the United States and other regions. my country is the world’s largest producer and consumer of PBT. In 2021, my country’s PBT industry production capacity is approximately 1.45 million tons, accounting for approximately 60% of the global total production capacity.

my country’s PBT market is oversupplied and the operating rate of enterprises is low. The average operating rate of enterprises in 2021 is less than 60.0%. Competition in the PBT market is fierce. In recent years, in order to reduce competitive pressure, domestic companies have sought overseas markets for PBT. Against this background, my country’s PBT exports have continued to grow, with an average annual compound growth rate of approximately 6.0% from 2018 to 2021. In 2021, my country’s PBT Resin export volume reached about 350,000 tons.

From the supply side, global PBT suppliers mainly include Saudi Basic Industries, Changchun Chemical, Mitsubishi Chemical, DuPont, Wuxi Xingsheng New Materials, Yingkou Kanghui Petrochemical, Wuxi Xingsheng New Materials, etc. The PBT market is well supplied and there are few related new construction and expansion projects. The growth rate of PBT production capacity will gradually slow down in the future.

PBT has problems with poor radiation resistance and hydrolysis resistance. In order to improve product performance, the market attention of modified PBT has increased. At present, PBT modification methods include flame retardant modification, fiber reinforced modification, alloy modification, etc. Modified PBT has excellent performance and wider application fields. In the future, relevant companies should actively develop new modified PBT and optimize the modification process to Increase the added value of PBT products and extend the industrial chain.

Industry analysts said that PBT has a wide range of application fields. my country is the world’s main producer and consumer of PBT, and PBT production capacity is meeting domestic market demand. At the same time, it is also exported to overseas markets. Competition in my country’s PBT market is fierce and the operating rate of enterprises is low. In the future, domestic enterprises will still need to increase investment in PBT R&D, improve the performance and added value of PBT products, and promote the upgrading of the industry to high-end and functional directions.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.allhdi.com/archives/29855

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