Resin Material PBT for Electric Vehicles Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.1% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global Resin Material PBT (Polybutylene Terephthalate) for Electric Vehicles market was valued at approximately USD 1.1 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030. The growing adoption of electric vehicles (EVs) and the increasing demand for lightweight, durable, and high performance materials are driving the growth of the PBT market in the automotive sector. By 2030, the market size is anticipated to reach USD 3.2 billion. The demand for PBT in electric vehicle components such as battery connectors, electrical housings, and charging stations is expected to accelerate, owing to the materials excellent mechanical strength, resistance to high temperatures, and electrical insulating properties. Additionally, the growing focus on reducing vehicle weight to improve energy efficiency is further enhancing the market’s expansion. The market’s growth is especially prominent in the Asia Pacific region, particularly in countries such as China, Japan, and South Korea, which have large electric vehicle manufacturing industries.
Regionally, North America and Europe are expected to witness substantial growth in the Resin Material PBT market for Electric Vehicles, with North America projected to hold a market share of around 25% by 2030. Europe is also a key region for the adoption of electric vehicles, with a growing trend towards stringent regulations on emissions and the increasing preference for sustainable and high performance materials. Asia Pacific holds the largest market share, with a significant contribution from China, which leads in electric vehicle production. The region’s demand for PBT is driven by the rapid expansion of EV infrastructure and increasing governmental support for clean energy initiatives. Opportunities for market growth are anticipated in emerging economies, where the demand for electric vehicles is expected to rise dramatically in the coming years.
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DuPont
DSM
BASF
Mitsubishi
Kompass
LG Chem
Polyplastics
KOLON Industries
Toray Industries
Evonik Industries
TARO PLAST
SABIC
Hyosung Chemical
DOMO Chemicals
Celanese Corporation
Akro-plastic GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Resin Material PBT for Electric Vehicles Market
Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Thermoplastic PBT
Thermoset PBT
Exterior Parts
Interior Parts
Electrical Components
OEMs (Original Equipment Manufacturers)
Aftermarket
Granules
Powder
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Resin Material PBT for Electric Vehicles Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Resin Material PBT for Electric Vehicles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Resin Material PBT for Electric Vehicles Market, By Type
6. Global Resin Material PBT for Electric Vehicles Market, By Application
7. Global Resin Material PBT for Electric Vehicles Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Resin Material PBT for Electric Vehicles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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