Poly Butylene Succinate (PBS) Market Surges as Demand for Biodegradable Plastics Accelerates

Poly Butylene Succinate (PBS) Market Size

The global market for Poly Butylene Succinate (PBS) was valued at US$ 50.3 million in the year 2024 and is projected to reach a revised size of US$ 58.8 million by 2031, growing at a CAGR of 2.3% during the forecast period.

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Polybutanediol is an aliphatic polyester polymerized from 1, 4-succinic acid and 1, 4-butanediol. The molecular formula is HO(CO(CH2) 2-co-o (CH2) 4-o) n-h. The molecular weight ranges from tens of thousands to hundreds of thousands. PBS is white or milky white, odorless and tasteless, and can be degraded by microorganisms in the environment. It is also a new biodegradable polymer material. PBS can use oil synthetic raw materials, can be attained by microbial fermentation production, PBS is applied to the plastic shell packaging, stuffed toys, food packaging, disposable tableware, a sexual health supplies, in areas such as biomedical polymer material, also can be used as implant materials in the body, farmland covered greenhouses with membrane, and slow release fertilizer, etc.

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Global key players of Poly(butylene succinate) (PBS) include Xinjiang Blue Ridge Tunhe Chemical Industry Joint Stock Co., Ltd, Mitsubishi Chemical, SHOWA and Anqing He Xing, etc. Top two players occupy for a share almost 100%. China is the largest market, with a share about 39%, followed by Europe and Japan. In terms of product, Petroleum Base is the largest segment, with a share over 58%. In terms of application, Food and Beverage Packaging is the largest market, with a share over 82%.

By Type
• Conventional PBS
• Bio-Based PBS

By Application
• Packaging
• Agriculture
• Textile
• Consumer Goods
• Electronics and Electrical
• Automotive

Key Companies
Eastman, Showa Denko, Mitsubishi, DowDuPont, BASF, Reverdia, BioAmber, Sinoven Biopolymers, PTT MCC Biochem, Yifan Xinfu Pharmaceutical, Anqing Hexing Chemical

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This release was published on openPR.