Press release
Polybutylene Succinate (PBS) Market Growth, Share, Trends, Demand, and Forecast Report 2023-2030
PBS is a polyester-based thermoplastic polymer resin. PBS is a biodegradable, aliphatic polyester that shares traits with polypropylene. Among the well-known brands are GsPLA, BioPBS, and Bionolle (Showa Denko).
The biopolymer, which provides plastic manufacturers with a building block for biopolymer compounds, is made up of 1-4 butanediol and succinic acid condensation (BDO). PBS is an aliphatic polyester with properties similar to polypropylene that breaks down spontaneously. It is one of the top 12 chemically biobased building blocks for the future, according to the U.S. Department of Energy.
Polybutylene Succinate (PBS) Market Size and Growth Analysis
The global Polybutylene Succinate (PBS) Market is expected to exhibit a CAGR of 8.2% during the forecast period 2023-2030.
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Polybutylene Succinate (PBS) Market Dynamics
PBS is the ideal biopolymer since it is adaptable, heat resistant, and biodegradable. Its biomass consumption efficiency (BUE) is high in comparison to other bio-based building blocks. By combining it with other polymers, its effectiveness can be customized for certain uses. In an effort to promote biopolymers like PBS, the World Economic Forum has introduced the New Plastic Economic initiative. Many chemical processing companies are moving from PBS based on petrochemicals to PBS based on biomolecules.
Furthermore, recycling is not the only aspect of environmentally responsible packaging. Packaging's raw materials and manufacturing process can both contribute to its increased sustainability. Packaging that performs better and is more environmentally friendly can be made thanks to bio-based polymers. Since it is difficult to recycle or reuse, Polybutylene Succinate (PBS) is a strong candidate to enhance end-of-life solutions and reduce disposal costs.
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Polybutylene Succinate (PBS) Market Segment Analysis
By Type
By Process
By Manufacturing Process
By End-User
By Region
Major Companies Covered
Anqing Hexing Chemical Co., Ltd, Eastman Chemical Company, Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd, Succinity Gmbh, Reverdia, Anqing Hexing Chemical Co., Ltd, PTT MCC Biochem Co., Ltd.
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