The global Polybutylene Adipate Terephthalate (PBAT) market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Factors such as rapidly expanding global population, increasing awareness about biodegradable Plastic, and high demand for PBAT across various sectors including packaging, agriculture & fishery, consumer goods, and homecare and coatings.
Polybutylene Adipate Terephthalate (PBAT), also called poly (butylene adipate-co-terephthalate) is a biodegradable, semi-aromatic thermoplastic copolyester produced from random co-polymerization of 1,4 butanediol, Adipic Acid, and DMT monomers. PBAT is highly preferred over other plastic products due to its properties such as biodegradability, high heat resistance, and mechanical strength. These properties of PBAT make it an ideal choice for manufacturers to make biodegradable products to cater to rising environmental concerns caused by conventional Plastics. Polybutylene Adipate Terephthalate is marketed as a fully biodegradable substitute for low-density Polyethylene.
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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.
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Moreover, the report provides insight into how the Polybutylene Adipate Terephthalate (PBAT) market will develop between 2023 and 2030. Companies operating in the Polybutylene Adipate Terephthalate (PBAT) market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Polybutylene Adipate Terephthalate (PBAT) market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Polybutylene Adipate Terephthalate (PBAT) market and estimates market progress in terms of value (USD million) and volume (thousand units).
Major Companies in the Market Include:
- BASF SE
- Feddersen Group
- Novamont S.p.A.
- JinHui ZhaoLong High Technology Co., Ltd.
- Eastman Chemical Company
- SK Chemicals
- Far Eastern New Century Corporation
- Lotte Fine Chemical Co., Ltd.
- WILLEAP
- Jiangsu Torise Biomaterials co., Ltd.
Application Outlook (Revenue, USD Billion; 2019-2030)
- Composite Bags
- Bin Bags
- Mulch Films
- Cling Films
- Stabilizers
End Use Outlook (Revenue, USD Billion; 2019-2030)
- Packaging
- Agriculture & Fishery
- Consumer Goods and Homecare
- Coatings
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Key Questions Answered in This report on the Polybutylene Adipate Terephthalate (PBAT) Market
The report provides detailed information about the Polybutylene Adipate Terephthalate (PBAT) market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Polybutylene Adipate Terephthalate (PBAT) market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue from the advantages of the product?
- What will be the Y-o-Y growth of the Polybutylene Adipate Terephthalate (PBAT) market between 2023 and 2030?
- What are the winning imperatives of market frontrunners in the Polybutylene Adipate Terephthalate (PBAT) market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: Polybutylene Adipate Terephthalate (PBAT) Market
The research methodology adopted by analysts to compile the Polybutylene Adipate Terephthalate (PBAT) market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Polybutylene Adipate Terephthalate (PBAT) market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Polybutylene Adipate Terephthalate (PBAT) market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Polybutylene Adipate Terephthalate (PBAT) market.
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