Polybutylene Adipate Terephthalate Market by Application : Global Opportunity Analysis and Industry Forecast, 2021–2030

Polybutylene Adipate Terephthalate Market by Application : Global Opportunity Analysis and Industry Forecast, 2021–2030

  • October 2021 •
  • 200 pages •
  • Report ID: 6193552 •
  • Format: PDF
Polybutylene Adipate Terephthalate Market by Application (Packaging & Bags, Consumer Durables, Agriculture & Horticulture, Textiles, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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.

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
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o 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.