Polybutylene Succinate Resin Market size is estimated to be USD 500 Million in 2024 and is expected to reach USD 1.2 Billion by 2033 at a CAGR of 10.2% from 2026 to 2033.
The global Polybutylene Succinate (PBS) Resin Market was valued at USD 150 million in 2022 and is projected to expand at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period from 2023 to 2030. The increasing demand for sustainable and biodegradable plastics in industries like packaging, agriculture, and consumer goods is driving this growth. The market size is expected to reach USD 550 million by the end of 2030, owing to the shift towards eco friendly materials and the development of new applications in various sectors. Moreover, the ongoing research and development in PBS manufacturing processes are further enhancing its commercial viability and acceptance across industries.
Regionally, the Asia Pacific region dominated the Polybutylene Succinate Resin market in 2022, holding a share of 45%, driven by rapid industrialization and growing demand for environmentally friendly materials in countries like China, Japan, and South Korea. North America and Europe followed with shares of 30% and 20%, respectively, fueled by stringent environmental regulations and a strong emphasis on sustainable packaging solutions. The Latin American and Middle Eastern markets are expected to witness substantial growth, with a projected CAGR of 16.5% and 15%, respectively, due to increasing demand for biodegradable plastics and the rising awareness regarding environmental sustainability. These regions present significant opportunities for growth as the demand for PBS resin expands across multiple industries.
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SHOWA
Mitsubishi Chemical
Anqing He Xing
Kingfa
Sealong Biotechnology
Xinjiang Blue Ridge Tunhe Chemical Industry Joint Stock
Shandong LanDian Biological Technology
Yifan Pharmaceutical
JinHui ZhaoLong High Technology
Chang Chun Group
Fillplas
PycnoPlast
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 Polybutylene Succinate Resin Market
Packaging
Agriculture
Consumer Goods
Textiles
Automotive
Food & Beverage
Pharmaceuticals
Personal Care & Cosmetics
Household Goods
Electronics
Polybutylene Succinate (PBS)
Polybutylene Succinate Co-Polymer (PBSC)
Resins
Films
Fibers
Injection Molding
Extrusion
Blow Molding
Thermoforming
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 Polybutylene Succinate Resin 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 Polybutylene Succinate Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Polybutylene Succinate Resin Market, By Type
6. Global Polybutylene Succinate Resin Market, By Application
7. Global Polybutylene Succinate Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Polybutylene Succinate Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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