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An excellent Polybutylene Adipate Terephthalate (PBAT) Market report provides industry players with crucial support to expand their customer base within diverse market spaces. A team of experienced consultants, efficient market researchers and dependable data providers work with dedication to structure such large scale market document. Here, traditional research methodologies are supplemented with innovative approaches to offer evidence-based insights. This business research report offer recommendations that not just match today’s fast-evolving business trends, but also allow companies to capitalize on them. The market insights taken into consideration in Polybutylene Adipate Terephthalate (PBAT) Market analysis report help simplify decision making.
Global Polybutylene Adipate Terephthalate (PBAT) Market was valued at USD 1.2 billion in 2021 and is expected to reach USD 2.4 billion by 2029, registering a CAGR of 9.4% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Polybutylene adipate terephthalate (PBAT) is a biodegradable material that is a copolymer of adipate acid. It’s an elastomeric polymer that’s known for its ability to improve mechanical characteristics. PBAT is a very flexible and robust polymer that is used in a variety of applications such as packaging, hygiene goods, biomedical areas, and industrial composting.
Some of the major players operating in the polybutylene adipate terephthalate (PBAT) market are
- Indorama Ventures Public Company Limited (Thailand)
- Alpek S.A.B. de C.V. (Mexico)
- Jiangsu Sanfangxiang Group Co., Ltd. (China)
- Far Eastern New Century Corporation (Taiwan)
- DAK Americas (U.S.)
- BASF SE (Germany)
- Zhejiang Biodegradable Advanced Material Co. Ltd (China)
- Lubrilog (France)
- ECCO Gleittechnik GmbH (Germany)
- HUSK-ITT Corporation (U.S.)
- Setral Chemie GmbH (Germany)
- IKV Tribology Ltd (Germany)
- Xinhaibio (China)
- Hangzhou Ruijiang Chemical Co., (China)
- WILLEAP (South Korea)
Polybutylene Adipate Terephthalate (PBAT) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- High Demand Across End Users
The growing utilization of the polybutylene adipate terephthalate (PBAT) across the various end user industries such as packaging, agriculture, medical research and consumer goods is estimated to carve a way for the growth of the market. The polybutylene adipate terephthalate (PBAT) has a wide range of uses across the industries, as they are used for various consumer goods, athletic goods, coatings, carpets, foam materials, electronics, agriculture and fisheries and packaging applications.
- Various Beneficial Properties
The various advantageous properties of polybutylene adipate terephthalate (PBAT) include large melting temperatures, low elastic modulus and stiffness, high flexibility and toughness. Also, due to its adaptability and hardness, the polymer can be mixed with a solid and rigid biodegradable polymer for bottle manufacturing. Cling films, stabilizers, composite bags, bin bags, mulch films, and other things are all made with PBAT.
The growing awareness regarding the importance of waste disposal will further propelled the growth rate of polybutylene adipate terephthalate (PBAT) market. Additionally, the higher rate of adoption of biodegradable products are projected to bolster the growth of the market.
Opportunities
Furthermore, surging focus of manufacturers across the globe towards the sustainable packaging for their products extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising government restrictions and policies towards green procurement coupled with the rising awareness about the benefits of polybutylene adipate terephthalate (PBAT) will further expand the future growth of the polybutylene adipate terephthalate (PBAT) market.
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Global Polybutylene Adipate Terephthalate (PBAT) Market Scope
Application
- Composite Bags
- Cling Films
- Bin Bags
- Medical Clothing
End-Use
- Packaging
- Agriculture
- Fishery
- Consumer Goods
- Coatings
Polybutylene Adipate Terephthalate (PBAT) Market Regional Analysis/Insights
The polybutylene adipate terephthalate (PBAT) market is analysed and market size insights and trends are provided by country, application and end-use as referenced above.
The countries covered in the polybutylene adipate terephthalate (PBAT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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