Polybutylene Succinate (PBS) Market Size to Surpass USD 124.69 Billion with CAGR of 7.25% by 2029

Global Polybutylene succinate (PBS) Market was valued at USD 71.23 billion in 2021 and is expected to reach USD 124.69 billion by 2029, registering a CAGR of 7.25% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

The world class Polybutylene Succinate (PBS) Market research report is structured with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters, and well-informed researchers. This global market report offers an analytical assessment of the prime challenges faced by the market currently and in the coming years, which gives idea to other market participants about the problems they may face while operating in this market over a longer period of time. In the large scale Polybutylene Succinate (PBS) market report, industry trends are put together on macro level with which clients can figure out market landscape and possible future issues.

Global Polybutylene Succinate (PBS) marketing report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. The report endows with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning the own strategies with which business can outshine the competitors. The widespread Polybutylene Succinate (PBS) business report contains top to bottom analysis and estimation of various market related factors that plays key role in better decision making.

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Market Definition
The polybutylene succinate (PBS) is a thermoplastic polymer resin from the polyester family. PBS is a type of biodegradable aliphatic polyester with properties that are comparable to polypropylene. It is biodegradable or decompose polymer with a relatively high melting temperature, good toughness. It is a versatile semi-crystalline polymer with a semi-crystalline structure.

Some of the major players operating in the polybutylene succinate (PBS) 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 Succinate (PBS) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers
Surge in Automotive Production
For automotive applications, the polybutylene succinate is frequently combined with natural fibers like switchgrass (SG). These innovative composite materials are widely employed in the automotive sector since they are touted as viable bio-based alternatives to conventional petroleum-based polymers. According to OICA, light commercial vehicle production in France increased by 6.5 percent from 4, 95,123 in 2018 to 5, 27,262 in 2019, while in Spain up by 5.6 percent from 4, 96,671 in 2018 to 5, 24,504 in 2019. As a result of rising automotive production, demand for polybutylene succinate will gradually rise, acting as a market driver.

Expansion of Government's Agricultural Initiatives
Polybutylene succinate is becoming more widely used in agricultural applications, such as mulch films. Mulch films are commonly used to change soil temperature, control weed development, and reduce moisture loss, and increase crop yield and precociousness. Governments are also investing extensively in agricultural projects and investments because it is one of the most effective ways to improve environmental sustainability. The European government has implemented initiatives such as the Common Agricultural Policy (CAP) and Young Farmers. The government announced the formation of an animal husbandry infrastructure development fund worth Rs. 15,000 crore (US$ 2.13 billion) in May 2020. As a result, the government's many agricultural efforts are boosting the agricultural sector in various locations. And, as the agricultural sector grows, so will the demand for polybutylene succinate to make mulch films, which will act as a growth driver for the polybutylene succinate market during the projection period.

Furthermore, the need for polybutylene succinate to manufacture critical electrical and electronic components has increased, which is projected to promote the growth of the polybutylene succinate market. The increasing plastics industry is predicted to boost total demand for polybutylene succinate during the projection period. Furthermore, the polybutylene succinate market is predicted to rise due to rising demand for light weight car components.

Opportunities
Surge in Innovation and Policies
The rising demand of the innovative packaging especially for attracting large number of consumers extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the government initiatives and wide policies towards the polybutylene succinate product will further expand the future growth of the polybutylene succinate (PBS) market.

Restraints/Challenges
Limitation of Polybutylene Succinate (PBS)
Rapid crystallization reaction, which can decrease strength qualities, is one of the primary limitations that may affect the polybutylene succinate (PBS) market. This limitation will create hindrances for the growth of the polybutylene succinate (PBS) market.

Fluctuation in Crude Oil Prices
The basic materials for polybutylene succinate, notably succinic acid and 1, 4 butane-diols, are derived from petroleum feedstock. As a result, crude oil price fluctuations affect the price of polybutylene succinate raw materials. The price of polybutylene succinate also rises as a result of the uncertainty in crude oil prices. As a result, the polybutylene succinate market makers are likely to face severe fluctuation in crude oil prices. This factor is projected to challenge growth of the global polybutylene succinate (PBS) market.

This polybutylene succinate (PBS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polybutylene succinate (PBS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Global Polybutylene Succinate (PBS) Market Scope
The polybutylene succinate (PBS) market is segmented on the basis of product, process, application, usage, packaging layer, end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product
Conventional Polybutylene Succinate (PBS)
Bio-Based Polybutylene Succinate (PBS)
 
Process
Trans-Esterification
Direct Esterification

Application
Bags
Mulch Film
Packaging Film
Flushable Hygiene Products
Fishing Nets
Coffee Capsules
Wood Plastic Composites
Others

Usage
Single-Use
Reusable

Packaging Layer
Primary Packaging
Secondary Packaging
Tertiary Packaging

 End-Use
Packaging
Agriculture
Textile
Consumer Goods
Electrical and Electronics
Automotive
Others
Polybutylene Succinate (PBS) Market Regional Analysis/Insights

The polybutylene succinate (PBS) market is analyzed and market size insights and trends are provided by country, product, process, application, usage, packaging layer, end-use as referenced above.

The countries covered in the polybutylene succinate (PBS) 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.

The report answers questions such as:

What is the market size and forecast of the Polybutylene Succinate (PBS) Market?
What are the inhibiting factors and impact of COVID-19 shaping the Polybutylene Succinate (PBS) Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Polybutylene Succinate (PBS) Market?
What is the competitive strategic window for opportunities in the Polybutylene Succinate (PBS) Market?
What are the technology trends and regulatory frameworks in the Polybutylene Succinate (PBS) Market?
What is the market share of the leading vendors in the Polybutylene Succinate (PBS) Market?
What modes and strategic moves are considered suitable for entering the Polybutylene Succinate (PBS) Market?

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