Polybutylene Adipate Terephthalate (PBAT) Market to reach USD 2.4 billion by 2029, registering a CAGR of 9.4%, Size, Segments, Opportunities and Key Trends Analysis

Growing public awareness of the benefits of adopting such environmentally friendly polymers has aided the expansion of the Polybutylene Adipate Terephthalate Market. Furthermore, the manufacturers are largely focusing on important industries such as agriculture for mulch films, packaging and consumer goods. Consequently, these factors have largely contributed to the market's overall growth within forecast timeframe.

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.
Global Polybutylene Adipate Terephthalate (PBAT) Market Definition

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.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-polybutylene-adipate-terephthalate-pbat-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.

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)
Global Polybutylene Adipate Terephthalate (PBAT) Market Scope

The polybutylene adipate terephthalate (PBAT) market is segmented on the basis of application and 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.

Application

Composite Bags
Cling Films
Bin Bags
Medical Clothing

On the basis of application, the polybutylene adipate terephthalate (PBAT) market has been segmented into composite bags, cling films, bin bags and medical clothing.

End-Use

Packaging
Agriculture
Fishery
Consumer Goods
Coatings

On the basis of end-use, the polybutylene adipate terephthalate (PBAT) market is segmented into packaging, agriculture, fishery, consumer goods and coatings.

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