Polybutylene Succinate (PBS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Polybutylene Succinate (PBS) is a thermoplastic polymer resin of the polyester family. It is a biopolymer produced from the condensation of succinic acid and 1-4 butanediol (BDO), which gives plastic producers a building block for biopolymer compound. PBS is a biodegradable aliphatic polyester with properties similar to polypropylene. It is listed among the 12 most promising chemical bio-based building blocks for the future by the U.S. Department of Energy., It can be employed in a wide range of end-user applications via conventional processing techniques such as extrusion, injection or blown process, due to its superior mechanical properties and processability. It is emerging as a substitute for polypropylene (PP) and polyethylene terephthalate (PET). It can replace polyolefin and polystyrenes in some applications, and can replace polylactic acid (PLA) in several applications.
PBS is utilized in end-user products such as mulch film, packaging film, bags, flushable hygiene products, fishing nets, coffee capsules, wood plastic composites, and composites with natural fibers. It garnered significant interest from the packaging industry for substituting non-biodegradable polyethylene (PE), polypropylene (PP), and polystyrene (PS) plastics. PBS is an excellent biopolymer that shows high flexibility, heat résistance, and great biodegradability. It has high biomass utilization efficiency (BUE), as compared to other bio-based building blocks. Its performance can be tuned for specific applications by blending it with other polymers. A new initiative at the World Economic Forum, called New Plastic economy, is encouraging the usage of biopolymers such as PBS. Several chemical manufacturing companies are shifting their production to bio-based PBS from petrochemical-based PBS. PBS is currently being employed in a wide range of industries such as packaging, agriculture, pharmaceutical, consumer goods, electronics and electricals, textile, automotive and interiors. It is also utilized to produce bowls, plates, plastic utensils, and diapers.
In terms of manufacturing process, the polybutylene succinate market can be segregated into extrusion, injection molding, blow molding, thermoforming, film blowing, and fiber spinning. Extrusion is used for the production of food trays, carts, and similar items. Blow molding is employed for the production of shampoo bottles, drug bottles, cosmetic bottles, and beverage bottles. Fiber spinning is utilized for the production of clothes, nets, and planting tapes. Thermoforming is used for the production of containers with less complicated features. Injection molding process is employed for the production of cutlery, brushes, and containers.
In terms of application, the polybutylene succinate PBS market is segmented into packaging, building, transportation, textile, agriculture, pharmaceutical, houseware, and electronics and electrical. Packaging and agriculture are the major application segments for the PBS market. The packaging segment is anticipated to hold a prominent share of the market during the forecast period. Agriculture is estimated to follow the packaging segment, in terms of revenue, by the end of the forecast period.
In terms of geography, the polybutylene succinate PBS market can be segmented into North America, Europe, Latin America, Asia Pacific and, Middle East and Africa (MENA). The market North America is expanding rapidly due to the wide range of applications of PBS. Asia pacific market is estimated to dominate the PBS market during the forecast period due to high economic growth in the region. New manufacturing plants with high capacity are being set up in the region. Latin America is anticipated to follow Asia Pacific in term of growth rate during the forecast period due to new manufacturing facilities and favorable government regulation in the region.
Key players operating in the polybutylene succinate PBS market are PTT MCC Biochem Co., Ltd., Succinity GmbH, Riverdia, Eastman Chemical Company, Showa Denko K.K., BioAmber Inc., DowDuPont, and Hexing Chemical.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects