Global Polybutylene Succinate (PBS) Market 2025-2035

Description

List of Tables

Global Polybutylene Succinate (PBS) Market Size, Share & Trends Analysis by Process (Trans-Esterification, and Direct Esterification), and by Application (Packaging/Disposables, Agriculture, Fibers/Non-Woven, Automotive, and Others) Forecast Period (2025-2035)

Industry Overview

Polybutylene succinate (PBS) market was valued at $128.6 million in 2024 and is projected to reach $286.9 million by 2035, growing at a CAGR of 7.6% during the forecast period (2025-2035). The market is experiencing significant growth, driven by the rising demand for biodegradable and sustainable alternatives to conventional plastics in sectors like food packaging, agriculture, and automotive. Its key factors fueling this expansion include supportive government regulations and initiatives, the material's unique properties such as compostability and thermal stability, and increasing innovation from major market players.

Market Dynamics

Demand shift to sustainable packaging and regulation

Governments and large retailers in Europe, parts of North America, and Asia have enacted bans, taxes, and extended producer responsibility (EPR) policies that increase demand for certified biodegradable and compostable materials. Foodservice packaging, single-use cutlery, and agricultural films are especially affected; brand owners seeking lower-risk, compliant materials are accelerating trial and scale-up of PBS-based solutions. This regulatory tailwind remains one of the strongest near-term drivers for PBS adoption.

Improvements in bio-feedstock supply and cost reduction

PBS relies on succinic acid and butanediol intermediates when those inputs are produced from renewable routes at scale (bio-succinic acid, fermentation routes), the life-cycle and cost profile of PBS improves markedly. Recent partnerships and technology collaborations between PBS makers and bio-feedstock suppliers (and fermenters) have reduced feedstock risk and improved competitiveness versus petroleum-based alternatives, supporting higher margins and product diversification (bio-PBS grades for fibers, films, and injection molding).

Product innovation and processing performance

R&D delivering higher-heat-resistant PBS grades, faster crystallization for film/blow moulding, and blends/composites with improved mechanical properties is expanding PBS use cases. Academic and industrial projects (pilot-scale synthesis and new grades) are making PBS more attractive to converters who previously favored PLA/PBAT blends. As processing yields and grade performance improve, PBS displaces incumbent materials in targeted segments (compostable packaging, nonwovens, mulch films), driving volume growth.

Market Segmentation

Based on the process, the market is segmented into Trans-Esterification and Direct Esterification.
Based on the application, the market is segmented into packaging/disposables, agriculture, fibers/non-woven, automotive, and others.

Packaging/Disposables Segment to Grow at a Considerable Market Share

Among all segments, the packaging/disposables application segment is projected to lead the global polybutylene succinate (PBS) Market with the largest share during the forecast period. The dominance of this segment stems from the increasing global shift toward sustainable and eco-friendly packaging solutions, driven by stringent government regulations and rising consumer awareness regarding plastic pollution. PBS offers excellent biodegradability, compostability, and heat resistance, making it a preferred material for producing single-use items such as food packaging films, disposable cutlery, cups, and shopping bags. These products meet international compostability standards (EN 13432 and ASTM D6400), aligning with regulatory compliance in key regions such as Europe and Asia-Pacific.

Trans-Esterification: A Key Segment in Market Growth

The trans-esterification process is the key segment driving growth in the global Polybutylene Succinate (PBS) market. It dominates due to its superior control over polymer quality, scalability, and cost efficiency compared to the direct esterification route. This process enables the production of high-performance PBS grades with better thermal stability and mechanical strength, making it ideal for packaging, films, and biodegradable products. Its flexibility in using both petro-based and bio-based feedstocks supports sustainable manufacturing and aligns with global green initiatives. Moreover, major producers such as Mitsubishi Chemical and PTT MCC Biochem rely on trans-esterification technology to expand capacity and improve product consistency. The combination of technical advantages, cost-effectiveness, and wide applicability ensures that trans-esterification continues to lead PBS market growth globally.

Regional Outlook

The global polybutylene succinate (PBS) market is further divided by geography, including North America (the US and Canada), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), and the Rest of the World (the Middle East & Africa, and Latin America).

Asia-Pacific Region to Hold a Substantial Growth Rate

In the Asia-Pacific, China currently dominates the global PBS market in terms of installed production capacity and the number of regional manufacturers, followed closely by producers in Thailand (notably PTT MCC Biochem) and other East Asian countries. China's dominance stems from an established chemicals manufacturing base, numerous regional producers (both state-backed and private), and lower capital and operating costs that enable competitive pricing for domestic and export markets. Chinese companies have aggressively expanded capacity for PBS and other biodegradable polyesters to serve local packaging converters and ASEAN supply chains, while also supplying European and North American specialty markets.

Thailand's PTT MCC Biochem is an important counterbalance: it has positioned BioPBS(TM) as a globally recognized brand and actively pursues partnerships (marketing and fiber/nonwoven collaborations) that extend PBS into technical textile and compostable fiber applications. Europe is an influential demand centre because of regulatory pull and strong composting infrastructure, but production volumes remain more concentrated in Asia. The combined effect of China's production scale, Asia's growing domestic packaging demand, and strategic partnerships from producers such as PTT MCC gives the Asia region -led by China -the largest share in global PBS production and trade flows. This regional production advantage also accelerates product development cycles and lowers lead times for converters in the Asia-Pacific market, reinforcing China's position as the market leader for PBS at present.

Market Players Outlook

The major companies operating in the global polybutylene succinate (PBS) market include Eastman Chemical Co., Mitsubishi Chemical Corp., PTT Global Chemical / PTT MCC Biochem, Co., Ltd., Showa Denko K.K., and Succinity GmbH, among others. Market players are leveraging partnerships, collaborations, mergers and acquisitions strategies for business expansion and innovative product development to maintain their market positioning.

Recent Development

In January 2024, GigXR and CAE Healthcare partnered to improve training efficiency through multimodal simulation. The partnership streamlines the implementation and management of simulations across analog, immersive, and digital modalities for various healthcare institutions. This collaboration aims to drive learning efficacy and improve care capacity, particularly in response to rising healthcare staffing shortages.

The Report Covers:

Market value data analysis for 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global polybutylene succinate (PBS) market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2024036

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Polybutylene Succinate (PBS) Market Sales Analysis - Process | Application ($ Million)
Polybutylene Succinate (PBS) Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Polybutylene Succinate (PBS) Market Trends
- 2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Polybutylene Succinate (PBS) Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For Global Polybutylene Succinate (PBS) Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Polybutylene Succinate (PBS) Market: Impact Analysis
3.3. Market Opportunities
- 3.3.1. Opportunities For Global Polybutylene Succinate (PBS) Market: Impact Analysis

4. Competitive Landscape

4.1. Competitive Dashboard - Polybutylene Succinate (PBS) Market Revenue and Share by Manufacturers
Polybutylene Succinate (PBS) Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Eastman Chemical Co.
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Mitsubishi Chemical Corp.
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. PTT Global Chemical / PTT MCC Biochem Co., Ltd.
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. Showa Denko K.K.
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Succinity GmbH
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Polybutylene Succinate (PBS) Market Sales Analysis by Process ($ Million)

5.1. Trans-Esterification
5.2. Direct Esterification

6. Global Polybutylene Succinate (PBS) Market Sales Analysis by Application($ Million)

6.1. Packaging/Disposables
6.2. Agriculture
6.3. Fibers/Non-Woven
6.4. Automotive
6.5. Others

7. Regional Analysis

7.1. North American Polybutylene Succinate (PBS) Market Sales Analysis - Process | Application ($ Million)
Macroeconomic Factors for North America
- 7.1.1. United States
- 7.1.2. Canada
7.2. European Polybutylene Succinate (PBS) Market Sales Analysis - Process | Application ($ Million)
Macroeconomic Factors for Europe
- 7.2.1. UK
- 7.2.2. Germany
- 7.2.3. Italy
- 7.2.4. Spain
- 7.2.5. France
- 7.2.6. Russia
- 7.2.7. Rest of Europe
7.3. Asia-Pacific Polybutylene Succinate (PBS) Market Sales Analysis - Process | Application ($ Million)
Macroeconomic Factors for Asia-Pacific
- 7.3.1. China
- 7.3.2. Japan
- 7.3.3. South Korea
- 7.3.4. India
- 7.3.5. Australia & New Zealand
- 7.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 7.3.7. Rest of Asia-Pacific
7.4. Rest of the World Polybutylene Succinate (PBS) Market Sales Analysis - Process | Application ($ Million)
Macroeconomic Factors for the Rest of the World
- 7.4.1. Latin America
- 7.4.2. Middle East and Africa

8. Company Profiles

8.1. PTT MCC Biochem Co., Ltd.
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
8.2. Mitsubishi Chemical Corp.
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
8.3. Showa Denko K.K.
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
8.4. Xinjiang Blue Ridge Tunhe Chemical Industry Joint Stock Co., Ltd.
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
8.5. Anhui Sealong Biotechnology Co., Ltd.
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
8.6. Vizag Chemical International
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
8.7. Shandong Fuwin New Material Co., Ltd.
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
8.8. Shandong LanDian (LND) Biological Technology Co., Ltd.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
8.9. Shandong Life Chemical Co., Ltd.
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
8.10. Anqing HeXing
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
8.11. Hangzhou Peijin Chemical Co., Ltd.
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
8.12. Yifan Pharmaceutical Co., Ltd.
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
8.13. Merck KGaA
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
8.14. SK chemicals
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
8.15. Reverdia
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
8.16. BioAmber Genomatica
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
8.17. Kingfa Science & Technology Co., Ltd.
- 8.17.1. Quick Facts
- 8.17.2. Company Overview
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategies
8.18. Eastman Chemical Co.
- 8.18.1. Quick Facts
- 8.18.2. Company Overview
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategies
8.19. Fillplas
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies