openPR Logo
Press release

Poly (Butylene Adipate-Co-Terephthalate) Market 2022-2030 | Top Key Players: Novamont S.p.A., Eastman Chemical Company, Jinhui Zhaolong High Technology, BASF SE, SK Chemicals, Far Eastern New Century Corporation, Lotte Fine Chemical Co., Ltd., WILLEAP, an

01-06-2022 10:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Market Highlights

The global PBAT market is predicted to grow at 14.89% CAGR to reach USD 636.96 million by the end of 2023. PBAT is gaining prominence in the global market with the rising usage in various end use industries such as packaging, agriculture & fishery, consumer goods, coatings, and others.

Get Sample Copy@ https://www.marketresearchfuture.com/sample_request/3883

Some of the key market factors that positively influence the PBAT market growth are, rising demand from packaging industry, growing production of PBAT based production, increasing awareness regarding the benefits associated with PBAT, and rising urbanization. Improving living standard along with increasing per capita disposable income in developed and developing countries are predicted to drive the growth of the market over the forecast period. Moreover, rising consumer preference towards eco-friendly packaging has shifted plastic manufacturers focus towards biodegradable plastic which in turn has raised the production of PBAT.

Increasing acceptance of consumers for sustainable packaging and green products is predicted to drive the PBAT consumption during the forecast period. However, the cost of research and development on PBAT is still high as compared to the global investment on it which impacts the material and product prices. In addition to this, present low oil prices are making it difficult for PBAT to achieve competitive pricing levels as compared to conventional non-degradable plastics which may restrain the poly butylene adipate-co-terephthalate.

Market Research Future (MRFR) recognizes the following companies as the key players in the global Poly (Butylene Adipate-Co-Terephthalate) (PBAT) market: Novamont S.p.A., Eastman Chemical Company, Jinhui Zhaolong High Technology, BASF SE, SK Chemicals, Far Eastern New Century Corporation, Lotte Fine Chemical Co., Ltd., WILLEAP, and Jiangsu Torise biomaterials co., ltd.

Regional Analysis

Regionally, Poly (Butylene Adipate-Co-Terephthalate)  Market is segmented into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. European region hold the largest market share in 2016 and is estimated to grow with the healthy CAGR of around 15.01 % over the forecast period. European market is trailed by North America, which is further followed by Asia Pacific. The demand for PBAT is expected to surge in developing countries of Latin America and Asia Pacific on account of wide utilization of PBAT in end use industries. In the Middle East and Africa countries such as Turkey and Israel are among the major contributors in the regional market due to high adoption rare among the various end users.

Access Complete Report @ https://www.marketresearchfuture.com/reports/poly-butylene-adipate-co-terephthalate-market-3883

TOC:

1 Report Prologue

2 Market Definition

2.1 Market Definition 14

2.2 Scope Of The Study 14

2.2.1 Research Objectives 14

2.2.2 Assumptions 15

2.2.3 Limitations 15

2.3 Market Structure 15

3 Research Methodology

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

3.5 Forecast Model 19

4 Market Dynamics

4.1 Introduction 20

4.2 Drivers 21

4.2.1 Increasing Application In Packaging Industry 21

4.2.2 Government Policies Toward Green Procurement 22

4.3 Restraint 23

4.3.1 Cost Competitiveness Of PBAT Over Conventional Plastics 23

4.4 Trend 23

4.4.1 Consumer Preference Toward Environmental-Friendly Products 23

4.5 Opportunity 24

4.5.1 Increasing Scope In End-Use Segment….To be Continued.

Segment Analysis:

The PBAT market is categorized on the basis of application, end use and region. On the basis of application, the market is classified into composite bags, bin bags, mulch films, cling films, stabilizers, and others. Among them, composite bags application segment accounted for around 38% market share in 2016 and is predicted to retain its dominance over the forecast period due to their high adoption rate in packaging industry. Bin bag, accounted for the second largest segment for PBAT market and is predicted to witness healthy growth due to increasing health and environmental awareness as well as favorable governmental policies in the use of biodegradable bags. On the basis of end use, the market is segmented into packaging, agriculture & fishery, consumer goods, coatings, and others. Packaging accounted for the largest market share among end use owing to excellent fit of PBAT in the packaging market. Agriculture & Fishery accounted for the second largest segment due to increasing demand for good quality food along with limited arable land across the globe.

Related Report@ https://www.marketresearchfuture.com/reports/reclaimed-rubber-market-5837

https://www.marketresearchfuture.com/reports/polyphenol-market-5844

https://www.marketresearchfuture.com/reports/industrial-insulation-market-5945

https://www.marketresearchfuture.com/reports/shape-memory-alloys-market-5997

https://www.marketresearchfuture.com/reports/building-insulation-material-market-1393

https://www.marketresearchfuture.com/reports/linear-alkyl-benzene-market-6074

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Poly (Butylene Adipate-Co-Terephthalate) Market 2022-2030 | Top Key Players: Novamont S.p.A., Eastman Chemical Company, Jinhui Zhaolong High Technology, BASF SE, SK Chemicals, Far Eastern New Century Corporation, Lotte Fine Chemical Co., Ltd., WILLEAP, an here

News-ID: 2518961 • Views: 515

More Releases from Market Research Future

Feed Acidulants Market: Top Suppliers, Business Development Market and Forecast …
Feed Acidulants Market-Overview The escalation in animal feed demand due to increased livestock rearing is estimated to boost the feed acidulants market. The agriculture reports are made by Market Research Future, which includes market choices for advance. A promising CAGR is estimated to promote the global market in the coming period. The raised intake of animal-based products is predicted to add momentum to the feed acidulants industry share in the forthcoming period.
Consumption of Organically Grown Crops to Benefit Global Biorational Pesticides …
Biorational pesticides are materials which causes minimal to zero harm to humans, animals, and the surrounding environment. These pesticides can contain organisms or formulations derived from biological entities. The global biorational pesticides market report by Market Research Future (MRFR) contains insights on growth enablers, opportunities, restraints, and challenges to be faced by the industry for the period of 2018 to 2023 (forecast period). The outbreak of the COVID-19 virus and
Bicycle Apparels and Accessories Market To Benefit From Healthy Lifestyle Adopti …
Bicycle Apparels & Accessories Market-Overview Increased engagement in outdoor activities and increased knowledge of the benefits of these activities on a child's health have driven the global cycling apparels and accessories market in recent years. According to Market Research Future, the market will gain a CAGR of 5.05% and reach a value of USD 9,529.1 million by 2027. The global bicycle apparels and accessories market grew due to increased participation in outdoor
Are Wireless Phone Chargers the Perfect Alternatives to their Wired Counterparts …
Introduction to Wireless Phone Charging Wireless phone charging is currently all the rage worldwide, given its ability to deliver energy from a single power source to the phone without requiring wires or any connections. The charging station gives out energy, on the other hand, a receiver (in this case, the phone) takes in the energy to charge the battery. To charge phones, wireless charging is one of the most convenient, safe

All 5 Releases


More Releases for PBAT

Global Poly (Butylene Adipate-Co-Terephthalate) (PBAT) Market Analysis by 2 …
Scope of the Report: The global Poly (Butylene Adipate-Co-Terephthalate) (PBAT) market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019. Market segmentation Poly (Butylene Adipate-Co-Terephthalate) (PBAT) market is split by Type and by Application. For the period 2015-2025,
Global Biodegradable Plastic Market By Type (PLA (Polylactic Acid) PBAT (Polybut …
Biodegradable plastic is a type of plant based plastic with no hazardous effects on environment. This plastic degrades naturally in base compounds in reasonable amount of time. Hence it is known as biodegradable plastic. Biodegradable plastic is made up of molecules which can break down naturally by the action of micro-organisms. It is divided into various types such as PLA (Polylactic Acid) PBAT (Polybutylene Adipate Terephthalate), PBS (POLYBUTYLENE SUCCINATE), PHA
Poly (Butylene Adipate-Co-Terephthalate) Market to 2023 | Industry Professional …
Poly (Butylene Adipate-Co-Terephthalate) PBAT market is being driven by factors such as increasing application in packaging industry coupled with rising government policies toward green procurement. Significant increase in plastic packaging production and sales, specifically in emerging economies of Europe, Asia Pacific and Latin America such as France, Germany, U.K, Italy, China, India, Thailand, South Korea, Brazil, Mexico and Argentina is set to propel market growth over the forecast period. Get
Poly (Butylene Adipate-Co-Terephthalate) Market to 2023 | Industry Professional …
Poly (Butylene Adipate-Co-Terephthalate) PBAT market is being driven by factors such as increasing application in packaging industry coupled with rising government policies toward green procurement. Significant increase in plastic packaging production and sales, specifically in emerging economies of Europe, Asia Pacific and Latin America such as France, Germany, U.K, Italy, China, India, Thailand, South Korea, Brazil, Mexico and Argentina is set to propel market growth over the forecast period. Better
Poly (Butylene Adipate-Co-Terephthalate) Market to 2023 | Industry Professional …
Poly (Butylene Adipate-Co-Terephthalate) (PBAT) is a class of biodegradable and compostable plastic, derived from adipic acid, dimethyl terephthalate, and 1, 4 butanediol. It is transparent and can be used in standard processes such as extrusion and injection molding. Get Exclusive Sample Copy @ https://www.marketresearchfuture.com/sample_request/3883 It offers excellent compatibility with polyactide. It is used to manufacture composite bags, bin bags, cling films, stabilizers, mulch films, and others and find a wide application
Poly BAT Market Analysis 2018 (By Segment, Key Players and Applications) and For …
Market Synopsis of Poly (Butylene Adipate-Co-Terephthalate) Poly (Butylene Adipate-Co-Terephthalate) (PBAT) is a plastic produced from 1, 4 butanediols, dimethyl terephthalate and adipic acid. It is transparent, biodegradable, and compostable in nature and can be used in extrusion and injection molding processes. Globally, PBAT has a range of applications as composite bags, bin bags, mulch films, cling films, stabilizers, and others with the end use in industry such as packaging, agriculture