PUBLISHER: Value Market Research | PRODUCT CODE: 1314715
PUBLISHER: Value Market Research | PRODUCT CODE: 1314715
The global demand for Polybutylene Adipate Terephthalate Market is presumed to reach the market size of nearly USD 8.63 BN by 2030 from USD 2.9 BN in 2022 with a CAGR of 14.6% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Tons in 2022 and forecast to touch XX Tons by 2030 with a CAGR of XX% during 2023-2030.
Polybutylene adipate terephthalate (PBAT) is a type of biodegradable polyester. It is a copolymer composed of repeating units of butylene adipate and butylene terephthalate. It is known for its biodegradability and has gained attention as a more environmentally friendly alternative to traditional non-biodegradable plastics. It possesses several desirable properties, making it suitable for various applications. It has good flexibility, high elongation, and a relatively low melting point, which allows it to be easily processed through techniques like extrusion, injection molding, and blown film extrusion.
The growing biodegradable plastic demand an environmentally friendly alternative to conventional non-biodegradable plastics. PBAT, a biodegradable polymer, is increasingly sought after for its ability to reduce plastic waste and favourable environmental profile. Additionally, the packaging industry is shifting towards eco-friendly materials, and PBAT offers excellent properties for packaging applications such as films, bags, and containers. The regulatory landscape is also playing a significant role, with bans on single-use plastics and supportive regulations promoting biodegradable alternatives. Consumer awareness and preferences for sustainable products are driving the demand for PBAT as individuals become more conscious of plastic waste and seek environmentally friendly options. The expansion of end-use industries, including agriculture, textiles, and consumer goods, is further boosting the polybutylene adipate terephthalate (PBAT) market. Technological advancements, product innovation, and corporate sustainability initiatives are additional factors supporting the PBAT market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of polybutylene adipate terephthalate. The growth and trends of Polybutylene Adipate Terephthalate Industry provide a holistic approach to this study.
This section of the polybutylene adipate terephthalate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Polybutylene Adipate Terephthalate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polybutylene adipate terephthalate market include BASF SE (Germany), Novamont S.p.A (Italy), Willeap (South Korea), Kingfa (China), Hangzhou Peijin Chemical Co. Ltd (China), Zhejiang Biodegradable Group Advanced Material Co. Ltd (China), Anhui Jumei Biotechnology (China), Go Yen Chemical Industrial Co. Ltd (Taiwan), Jinhui Zhaolong Advanced Technology Co. Ltd. (China), Mitsui Plastics, Inc. (US), and Chang Chun Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.