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New Polymer Formulations and Innovations – A Trending Phenomena in Polybutylene Terephthalate (PBT) Marketplace
The PBT marketplace continues to witness introduction of new polymer formulations or innovative integration of PBT with other materials. A number of PBT providers have introduced new polymer formulations with improved characteristics and at affordable costs.
- In October 2017, BASF developed an Ultradur® - a polybutylene terephthalate (PBT) for PVC windows wherein PBT replaces steel and acts as a stiffening agent that deliver comparable strength as that of steel at an effective cost.
- In November 2017, DSM announced addition of hydrolysis-resistant grades of PBT to its Arnite® family of the thermoplastic polyester. The new introduction was aimed at providing an affordable solution for the application with exposures to humidity and high temperature such as automotive sensors, connectors and control devices.
- In October 2018, LAXNESS announced the expansion of its product range of halogen-free flame-retardant PBT compounds to include variants with outstanding fire resistance in glow wire tests. The new product range is reinforced with 25% glass fiber and the company is planning to introduce product trials in the market soon.
- DuPont Transportation & Advanced Polymers is planning to introduce a new Crastin® thermoplastic PBT polyester resins for high voltage EV/HEV connectors in October 2018. The new introduction is a fully-colored-compounded product that accommodates evolving automotive OEM requirements in EVs and HEVs.
R&D Investments Center around Development of Biodegradable Polybutylene Terephthalate (PBT) Polymer
As a sustainable alternative to petroleum-based plastics, development of bio-based plastics is the platform where a bulk of R&D investment is focused. In the PBT marketplace, research and developments activities are aimed at making PBT greener by increasing more bio-based content and efficient with the incorporation of innovative formulations. As PBT applications range from automotive and electronics to other plastic-based uses, associated environmental concerns and increasing demand for bio-based solutions have led PBT manufacturers to ramp up efforts to devise biodegradable and renewable forms of PBT. Chemical industry titans such as DSM, DuPont and BASF have introduced bio-based PBT polymers equally efficient as their synthetic counterparts for multiple applications.
Rising Prices of Polybutylene Terephthalate (PBT) Spurred by Increasing Raw Material Costs
The landscape of specialty chemicals including engineering polymers continues to witness volatility in prices owing to fluctuations in raw material costs. In the recent past, the PBT marketplace has witnessed price increase of PBT formulations led by increasing raw material costs across world countries and import tariffs on engineered materials.
- In February 2018, DSM Engineering Plastics announced a price increase on company’s polyamide and thermoplastic polyester products including Arnite® polybutylene terephthalate (PBT) products whose prices will increase by the equivalent of €175 per metric ton
- In August 2018, Celanese Corporation announced a price increase on its PET, PBT and other engineering polymers.
- In September 2018, Chang Chun Plastics (CCP), a global provider of plastic resins announced a price increase for company’s PBT neat Resin.
- In November 2018, LAXNESS, a specialty chemical company announced an immediate price increase of the brands Pocan (PBT blends) and Durethan A (Polyamide 6.6).
Growing Applications in Automotive Sector to Sustain Future PBT Demand
Plastic polymers have become an integral part of automobiles wherein increasing demand for fuel efficiency, comfort and light-weight has further increase reliance on the plastic polymers. PBT remains the preferable choice of material for multiple electric components used in automobiles including connectors, sensors, control devices, switches, power sockets and transformer insulation. In addition, increasing production of electric vehicles has generated the need for highly efficient and compact-sized electric components. Owing to PBT’s beneficial electrical, chemical, thermal and mechanical properties such as dimensional stability, high stiffness, and greater heat resistance, demand for PBT in the automotive sector is set to rise in the future.
Competitive Landscape
The PBT market report provides the most comprehensive analysis of the competitive landscape prevailing in the PBT marketplace. A thorough discussion on the PBT market players’ business strategies enables the readers to fathom the product offerings of different market players, the market size of key players and competitive scenario in the PBT marketplace.
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Key companies profiled in the PBT market report include BASF SE, Chang Chun Plastics, DSM Engineering Plastics, Lanxess AG, DuPont, SABIC, Mitsubishi Chemical, Polyplastics, Shinkong Synthetic Fibers, Celanese Corporation, Toray Industries, SipChem and others. Manufacturers in the PBT marketplace are leveraging acquisition and production capacity expansion strategies. For instance, In December 2017, Celanese Corporation, a U.S. headquartered specialty materials company announced agreement signing to acquire Omni Plastics and its subsidiaries which includes the company distributor Resinal de Mexico.
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