Rising Prices of Polybutylene Terephthalate (PBT) Spurred by Increasing Raw Material Costs
Rockville, MD -- (SBWIRE) -- 04/02/2019 -- A semi-crystalline resin, polybutylene terephthalate (PBT) is well-established in the automotive and E&E industries. The tremendous dimensional stability which stems from minimal water uptake, the high heat deflection temperature and the high stiffness of the polyester offer an amalgamation of engineering properties.
The soaring number of electronic components for safety systems offers the greatest engine for growth. Besides, on account of relentless innovation in consumer electronics and communication technology, the electrical/electronics (E&E) segment is expanding at a disproportionately high rate.
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The recent years have witnessed cost-push inflation which has led to the surge in the price of polybutylene terephthalate (PBT) formulations. In the third quarter of 2018-19 financial year, LAXNESS, a specialty chemical company declared a prompt price increase of the brands Durethan A (Polyamide 6.6) and Pocan (PBT). Meanwhile, at the end of the second quarter in the same financial year, Chang Chun Plastics (CCP), leading provider of plastic resins proclaimed a price rise in PBT's neat resin.
Though laser transmission welding is gaining traction, lower transparency of polybutylene terephthalate (PBT) has act an impediment to the optimum optical transmission. As such, pertinent players in the polybutylene terephthalate (PBT) are vying to ameliorate the transparency of PBT. Accordingly, suppliers of PBT have come up with PBT resins with enhanced transparency and optical properties which provide apt results in laser transmission welding.
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On account of increasing use of sensors and control components from automobile to household appliances, PBT is being known as the high-growth engineering plastics. Market penetration is being buttressed by manufacturers' efforts to devise biodegradable and renewable forms of PBT as related investment R &D activities has surged.
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