Global Polybutylene Adipate Terephthalate (PBAT) Market was valued at USD 1.2 billion in 2021 and is expected to reach USD 2.4 billion by 2029, registering a CAGR of 9.4% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Industry Analysis
Growing public awareness of the benefits of adopting such environmentally friendly polymers has aided the expansion of the Polybutylene Adipate Terephthalate Market. Furthermore, the manufacturers are largely focusing on important industries such as agriculture for mulch films, packaging and consumer goods. Consequently, these factors have largely contributed to the market’s overall growth within forecast timeframe.
Polybutylene adipate terephthalate (PBAT) is a biodegradable material that is a copolymer of adipate acid. It's an elastomeric polymer that's known for its ability to improve mechanical characteristics. PBAT is a very flexible and robust polymer that is used in a variety of applications such as packaging, hygiene goods, biomedical areas, and industrial composting.
Global Polybutylene Adipate Terephthalate (PBAT) Market Scope
The polybutylene adipate terephthalate (PBAT) market is segmented on the basis of application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
· Composite Bags
· Cling Films
· Bin Bags
· Medical Clothing
End-User
· Packaging
· Agriculture
· Fishery
· Consumer Goods
· Coatings
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Polybutylene Adipate Terephthalate (PBAT) Market Regional Analysis/Insights
The polybutylene adipate terephthalate (PBAT) market is analysed and market size insights and trends are provided by country, application and end-use as referenced above.
The countries covered in the polybutylene adipate terephthalate (PBAT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the polybutylene adipate terephthalate (PBAT) market because of the high presence of key players and huge consumer base. Additionally, the rise in consumer spending toward online shopping in countries such as India, Japan, South Korea and China also boosts market growth within the region.
Europe on the other hand, is estimated to show lucrative growth due to the huge growth potential to polybutylene adipate terephthalate market and with the consumer demand for products with a reduced environmental impact within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polybutylene Adipate Terephthalate (PBAT) Market Share Analysis
The polybutylene adipate terephthalate (PBAT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polybutylene adipate terephthalate (PBAT) market.
Some of the major players operating in the polybutylene adipate terephthalate (PBAT) market are
· Indorama Ventures Public Company Limited (Thailand)
· Alpek S.A.B. de C.V. (Mexico)
· Jiangsu Sanfangxiang Group Co., Ltd. (China)
· Far Eastern New Century Corporation (Taiwan)
· DAK Americas (U.S.)
· BASF SE (Germany)
· Zhejiang Biodegradable Advanced Material Co. Ltd (China)
· Lubrilog (France)
· ECCO Gleittechnik GmbH (Germany)
· HUSK-ITT Corporation (U.S.)
· Setral Chemie GmbH (Germany)
· IKV Tribology Ltd (Germany)
· Xinhaibio (China)
· Hangzhou Ruijiang Chemical Co., (China)
· WILLEAP (South Korea)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Polybutylene Adipate Terephthalate (PBAT) Market by Product & Procedure type
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