The global polybutylene adipate terephthalate market size was valued at $1.1 billion in 2020, and is expected to reach $2.7 billion by 2030, registering a CAGR of 8.9% from 2021 to 2030.
Polybutylene adipate terephthalate is a copolymer produced by the polycondensation reaction of 1,4-butanediol with terephthalic and adipic acids. It is a transparent and biodegradable material and can be used in injection and extrusion molding processes in the production of fully biodegradable blends. It offers benefits such as high elongation, excellent flexibility and good processability properties and thus can be widely used in production of biodegradable films. It is used in wide range of applications such as packaging, medical devices, textile products, agricultural films, and others
.
The polybutylene adipate terephthalate market is in the introductory phase of industry life cycle and is expected to explore new growth opportunities during the coming years. Some of the basic factors driving the demand for the market include governmental initiatives to eliminate single use plastic and strict regulatory outlook against the use of conventional plastic products. Industry trends are shifting toward biobased products to reduce dependence on conventional plastics. PBAT biodegradable plastics degrade easily unlike fossil fuel based plastic products, which may take more than 500 years to degrade completely. Moreover, most of the manufacturers in industries such as packaging, textile and agriculture are shifting toward PBAT based bio plastic due to stringent regulations from the government. Such factors are largely impacting the growth of the global polybutylene adipate terephthalate market.
The polybutylene adipate terephthalate market is segmented into application, and region. By application, the market is divided into packaging & bags, consumer durables, agriculture & horticulture, textiles, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Other companies operating in the polybutylene adipate terephthalate market are Jiangsu Tories biomaterials co., Ltd., Novamont S.p.A., K.D. Feddersen, Shanxi Junhui Group, Huaian Ruanke Trade Co, Ltd., FillPlas Co. Ltd., and others.
Polybutylene adipate terephthalate is a copolymer produced by the polycondensation reaction of 1,4-butanediol with terephthalic and adipic acids. It is a transparent and biodegradable material and can be used in injection and extrusion molding processes in the production of fully biodegradable blends. It offers benefits such as high elongation, excellent flexibility and good processability properties and thus can be widely used in production of biodegradable films. It is used in wide range of applications such as packaging, medical devices, textile products, agricultural films, and others
.
The polybutylene adipate terephthalate market is in the introductory phase of industry life cycle and is expected to explore new growth opportunities during the coming years. Some of the basic factors driving the demand for the market include governmental initiatives to eliminate single use plastic and strict regulatory outlook against the use of conventional plastic products. Industry trends are shifting toward biobased products to reduce dependence on conventional plastics. PBAT biodegradable plastics degrade easily unlike fossil fuel based plastic products, which may take more than 500 years to degrade completely. Moreover, most of the manufacturers in industries such as packaging, textile and agriculture are shifting toward PBAT based bio plastic due to stringent regulations from the government. Such factors are largely impacting the growth of the global polybutylene adipate terephthalate market.
The polybutylene adipate terephthalate market is segmented into application, and region. By application, the market is divided into packaging & bags, consumer durables, agriculture & horticulture, textiles, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.
- A comprehensive analysis of the factors that drive and restrict the growth of the global polybutylene adipate terephthalate market is provided.
- Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
- Estimations and forecast are based on factors impacting the global polybutylene adipate terephthalate market growth, in terms of value.
- Key market players are profiled to gain an understanding of the strategies adopted by them.
- This report provides a detailed analysis of the current global polybutylene adipate terephthalate market trends and future estimations from 2021 to 2030, which helps identify the prevailing market opportunities.
KEY MARKET SEGMENTS
By Application
- Packaging and Bags
- Consumer Durables
- Agriculture and Horticulture
- Textiles
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Amco Polymer
- BASF SE
- Chang Chun Group
- Cosmos Plastics & Chemicals
- Eastman Chemical Company
- Far Eastern New Century Corporation
- Go Yen Chemical Industrial Co., Ltd.
- Hangzhou Peijin Chemical Co., Ltd.
- Jin Hui Zhao Long High-Tech Co., Ltd.
- LOTTE Fine Chemical.
Other companies operating in the polybutylene adipate terephthalate market are Jiangsu Tories biomaterials co., Ltd., Novamont S.p.A., K.D. Feddersen, Shanxi Junhui Group, Huaian Ruanke Trade Co, Ltd., FillPlas Co. Ltd., and others.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POLYBUTYLENE ADIPATE TEREPHTHALATE MARKET, BY APPLICATION
CHAPTER 5: POLYBUTYLENE ADIPATE TEREPHTHALATE MARKET, BY REGION
CHAPTER 6: COMPETITIVE LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Amco Polymer
- BASF SE
- Chang Chun Group
- Cosmos Plastics & Chemicals
- Eastman Chemical Company
- Far Eastern New Century Corporation
- Go Yen Chemical Industrial Co. LTD.
- Hangzhou Peijin Chemical Co. LTD.
- Jin Hui Zhao Long High-Tech Co. LTD. and LOTTE Fine Chemical
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | October 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1.1 billion |
| Forecasted Market Value ( USD | $ 2.7 billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
