Press release
Asia-Pacific Polybutylene Succinate (PBS) Market Size, Share, Analysis, Industry Report and Forecast 2019-2025
The Asia-Pacific PBS market is estimated to grow at a CAGR of over 11% during the forecast period. The PBS market is rapidly expanding in the Asia-Pacific region. The market is showing a dynamic growth specifically in the ASEAN countries including Thailand, Indonesia, Vietnam, and the Philippines. Moreover, as a result of urbanization, growing energy demands, climate change, and technological advancements, plastic manufacturers are focusing on adopting the latest technology in order to develop advanced biodegradable polyester resin such as PBS. Furthermore, the demand for PBS resin shares a synergic relationship with automotive production in the region. ASEAN countries are pegged to be a driver of the automotive industry in the Asia-Pacific region. Automotive production in the ASEAN countries has increased significantly from past years. This is expected to increase the demand for advanced polymers such as PBS for use in vehicle exterior and interior.To Request a Sample of our Report on Asia-Pacific Polybutylene Succinate (PBS) Market: https://www.omrglobal.com/request-sample/asia-pacific-polybutylene-succinate-market
The Asia-Pacific PBS market is segmented on the basis of process and application. Based on the process, the market is segmented into trans-esterification and direct esterification. The direct esterification process had a significant share in the market in 2018. Direct esterification process is the most common process for preparing PBS and has several advantages such as the process that can be performed under atmospheric pressure and has a short reaction time. Whereas, the trans-esterification process is projected to grow at a considerable rate during the forecast period.
Further, PBS has been used in various industries such as packaging/disposables, agriculture, textile, automotive and others. The packaging industry has been significantly adopting biodegradable polymers. Moreover, China is a hotspot for development regarding consumer electronics products, owing to which it presents significant opportunities for the increase in demand for advanced materials such as PBS. India PBS market is projected to exhibit the fastest growth in the Asia-Pacific PBS market during the forecast period.
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Asia-Pacific Polybutylene Succinate (PBS) PBS Market Segmentation
By Process
Trans-Esterification
Direct Esterification
By Application
Packaging/Disposables
Agriculture
Textile
Automotive
Others
Regional Analysis
· China
· Japan
· India
Rest of Asia-Pacific
Company Profiles
· Anqing Hexing Chemical Co., Ltd.
· Ire Chemical Ltd.
· Jin Hui Zhao Long High-Tech Co., Ltd.
· Mitsubishi Chemical Corp.
· PTT Global Chemical Public Co. Ltd.
· Shandong Landian Biological Technology Co., Ltd.
· Showa Denko Kk
· SK Chemicals Co., Ltd.
· Yifan Pharmaceutical Co., Ltd.
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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