Polybutylene Adipate Terephthalate Market worth $2.8 billion by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, April 13, 2023 /PRNewswire/ -- The report "Polybutylene Adipate Terephthalate Market by Grade, Application (Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers), End-Use Industry (Packaging, Consumer Goods, Agriculture, Bio-medical), and Region - Global Forecast to 2027", is projected to reach USD 2.8 billion by 2027, at a CAGR of 13.1% from USD 1.5 billion in 2022.

The PBAT market is mainly driven by the increase in consumer awareness and growing demand in end-use industries like packaging, consumer goods, agriculture and bio-medical, among other industries. Moreover, it is also driven by rapidly developing market in the Asia Pacific region.

Browse in-depth TOC on "Polybutylene Adipate Terephthalate Market". 
228 – Tables 
41 – Figures 
250 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=184395122

Agriculture industry is projected to grow at fastest CAGR, in terms of value, during the forecast period.

PBAT is widely used in the agricultural end-use industry due to its biobased content and biodegradability. Farmers have been using PBAT and PBS mulch films to improve crop productivity and soil quality. These polymers are also used in the cultivation, harvesting, and processing of agricultural products. Agricultural films can also be used in making plant pots. The mulch films were incorporated into the soil, and the biodegradability and water-solubility of PBAT increased. This led to an increased demand for PBAT in agriculture.

Extrusion grade is projected to be the largest growing grade in the PBAT market, in terms of value.

Extrusion is a common processing method used for PBAT resin to manufacture various products, such as blown films, sheets, and profiles. The extrusion process involves melting the PBAT resin in an extruder and then pushing the molten material through a die to form the desired shape. Extrusion is used more frequently than thermoforming in the production of PBAT products. This is because PBAT has good melt strength and viscosity, which makes it suitable for processing using extrusion techniques.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=184395122

Asia Pacific is expected to be the fastest growing market for PBAT during the forecast period, in terms of value.

The availability of low-cost raw material and labour in the Asia Pacifc region attracts foreign manufacturers to establish their manufacturing plants. Government initiatives against global warming and single use plastic bans will also boost the PBAT market in the region. In addition, rising application of PBAT in packaging, consumer goods, agriculture and bio-medical will drive the PBAT market. The low living standard and low disposable income of the people in Asia Pacifc will result in price reduction of PBAT in the region.

Market Players

New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PBAT market include BASF SE (Germany), Novamont S.P.A (Italy), Willeap (South Korea), Kingfa (China), Hangzhou Peijin Chemical Co. Ltd (China), Zhejiang Biodegradable Advanced Material Co. Ltd (China), Anhui Jumei Biotechnology (China), Go Yen Chemical Industrial Co. Ltd (Taiwan), Jinhui Zhaolong Advanced Technology Co. Ltd (China), Mitsui Plastics, Inc (US), and Chang Chun Group (China).

Browse Adjacent Market: Green Bio Chemicals Market Research Reports & Consulting

Related Reports:

Bioplastics & Biopolymers Market- Global Forecast to 2027

Biodegradable Plastics Market - Global Forecast To 2026

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 
Email: [email protected] 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/polybutylene-adipate-terephthalate-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/polybutylene-adipate-terephthalate.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets