The report "Polybutylene Adipate Terephthalate Market by Grade, Application (Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers), End-Use Industry (Packaging, Consumer Goods, Agriculture, Bio-medical), and Region - Global Forecast to 2027", is projected to reach USD 2.8 billion by 2027, at a CAGR of 13.1% from USD 1.5 billion in 2022.
Browse 228 market data Tables and 41 Figures spread through 250 Pages and in-depth TOC on "Polybutylene Adipate Terephthalate Market by Grade, Application (Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers), End-Use Industry (Packaging, Consumer Goods, Agriculture, Bio-medical), and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/polybutylene-adipate-terephthalate-market-184395122.html
The PBAT market is mainly driven by the increase in consumer awareness and growing demand in end-use industries like packaging, consumer goods, agriculture and bio-medical, among other industries. Moreover, it is also driven by rapidly developing market in the Asia Pacific region.
“Agriculture industry is projected to grow at fastest CAGR, in terms of value, during the forecast period.”
PBAT is widely used in the agricultural end-use industry due to its biobased content and biodegradability. Farmers have been using PBAT and PBS mulch films to improve crop productivity and soil quality. These polymers are also used in the cultivation, harvesting, and processing of agricultural products. Agricultural films can also be used in making plant pots. The mulch films were incorporated into the soil, and the biodegradability and water-solubility of PBAT increased. This led to an increased demand for PBAT in agriculture.
“Extrusion grade is projected to be the largest growing grade in the PBAT market, in terms of value.”
Extrusion is a common processing method used for PBAT resin to manufacture various products, such as blown films, sheets, and profiles. The extrusion process involves melting the PBAT resin in an extruder and then pushing the molten material through a die to form the desired shape. Extrusion is used more frequently than thermoforming in the production of PBAT products. This is because PBAT has good melt strength and viscosity, which makes it suitable for processing using extrusion techniques.
“Asia Pacific is expected to be the fastest growing market for PBAT during the forecast period, in terms of value.”
The availability of low cost raw material and labour in the Asia Pacifc region attracts foreign manufacturers to establish their manufacturing plants. Government initiatives against global warming and single use plastic bans will also boost the PBAT market in the region. In addition, rising application of PBAT in packaging, consumer goods, agriculture and bio-medical will drive the PBAT market. The low living standard and low disposable income of the people in Asia Pacifc will result in price reduction of PBAT in the region.
New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PBAT market include BASF SE (Germany), Novamont S.P.A (Italy), Willeap (South Korea), Kingfa (China), Hangzhou Peijin Chemical Co. Ltd (China), Zhejiang Biodegradable Advanced Material Co. Ltd (China), Anhui Jumei Biotechnology (China), Go Yen Chemical Industrial Co. Ltd (Taiwan), Jinhui Zhaolong Advanced Technology Co. Ltd (China), Mitsui Plastics, Inc (US), and Chang Chun Group (China).
Don’t miss out on business opportunities in Polybutylene Adipate Terephthalate Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441