PUBLISHER: Value Market Research | PRODUCT CODE: 1542529
PUBLISHER: Value Market Research | PRODUCT CODE: 1542529
The global demand for Polybutylene Succinate Market is presumed to reach the market size of nearly USD 2338.98 Million by 2032 from USD 438.29 Million in 2023 with a CAGR of 20.45% under the study period 2024 - 2032.
Polybutylene succinate (PBS) refers to a thermoplastic polymer resin from the polyester family. It is an aliphatic biodegradable polyester with characteristics similar to those of polypropylene. The substance is known to be decomposable or biodegradable, with a high melting point and durability. It has a semi-crystalline structure and is a versatile semi-crystalline polymer. In the general biodegradability resin, polybutylene succinate is compatible with fibre resins and has good heat resistance. It is widely utilized throughout various end-use industries, including packaging, biomedicine, agriculture, etc.
The widespread usage of polybutylene succinate as a biopolymer is a key driver boosting demand in the market. Succinic acid generated from petroleum is combined with 1,4-BDO, which comes from maleic anhydride, to create this. Factors including product cost and production capacity still constrain the market for this biopolymer. However, as the need for biodegradable plastics rises internationally, this industry is anticipated to expand. Further, the growth in demand for PBS comes from end-use industries such as food packaging, pharmaceuticals, agriculture, and consumer goods, among others. In addition, it is being developed as a substitute for polypropylene (PP) and polyethylene terephthalate (PET), which helps in the market growth.
The research 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 Succinate. The growth and trends of Polybutylene Succinate industry provide a holistic approach to this study.
This section of the Polybutylene Succinate market report provides detailed data on the segments 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 Succinate 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 Succinate market include PTT MCC Biochem Co. Ltd., Anhui Sealong Biotechnology Co. Ltd., Vizag Chemicals, Shandong Fuwin New Material Co. Ltd., Shandong LanDian Biological Technology Co. LTD., Xinjiang Blue Ridge Tunhe Sci.&Tech. Co. Ltd., Shangdong Life Chemical Co. Ltd. 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.