"Global Polybutylene Succinate (PBS) Market – Industry Trends and Forecast to 2029

Global Polybutylene Succinate (PBS) Market, By Product (Conventional Polybutylene Succinate (PBS), Bio-Based Polybutylene Succinate(PBS)), Process (Trans-Esterification, Direct Esterification), Application (Bags, Mulch Film, Packaging Film, Flushable Hygiene Products, Fishing Nets, Coffee Capsules, Wood Plastic Composites, Others), Usage (Single-Use, Reusable) , Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging) , End-Use (Packaging, Agriculture, Textile, Consumer Goods, Electrical And Electronics, Automotive, Others) – Industry Trends and Forecast to 2029

Global Polybutylene succinate (PBS) Market was valued at USD 71.23 billion in 2021 and is expected to reach USD 124.69 billion by 2029, registering a CAGR of 7.25% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

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**Segments**

- By Type:
- Virgin
- Recycled

- By Application:
- Packaging
- Textile
- Automotive
- Agriculture
- Others

- By End-Use Industry:
- Food & Beverage
- Consumer Goods
- Automotive
- Agriculture

Polybutylene Succinate (PBS) is segmented by type into virgin and recycled PBS. Virgin PBS is the pure form of the polymer, while recycled PBS is obtained from post-consumer or post-industrial sources, making it a more sustainable option. In terms of applications, PBS finds its use in packaging, textile, automotive, agriculture, and other industries. The packaging sector is a significant consumer of PBS due to its biodegradable nature. Moreover, PBS is gaining traction in the textile industry for its eco-friendly properties. In the automotive sector, PBS is utilized for interior components and under-the-hood applications. Furthermore, in the agriculture sector, PBS is used in mulch films, pots, and other applications.

**Market Players**

- BASF SE
- Corbion
- Mitsubishi Chemical Corporation
- Showa Denko K.K.
- Novamont S.p.A.
- Kingfa Sci. & Tech. Co., Ltd.
- DuPont
- Arkema
- Evonik Industries AG
- Plantic Technologies
- Zhejiang Hisun Biomaterials Co., Ltd.

Key market players in the global Polybutylene Succinate (PBS) market include BASF SE, Corbion, Mitsubishi Chemical Corporation, Showa Denko K.K., Novamont S.p.A., Kingfa Sci. & Tech. Co., Ltd., DuPont, Arkema, Evonik Industries AG, Plantic Technologies, and Zhejiang Hisun Biomaterials Co., Ltd. These companies are actively involved in research and development initiatives to expand their product portfolios and cater to the increasing demand for sustainable materials in various endThe Polybutylene Succinate (PBS) market is witnessing significant growth driven by the rising demand for sustainable materials across various industries. BASF SE, a key player in the market, has been focusing on developing innovative solutions to meet the evolving needs of the market. The company's strong commitment to sustainability and continuous investment in research and development have enabled it to strengthen its position in the PBS market. Corbion is another major player known for its expertise in bio-based polymer solutions. The company's emphasis on eco-friendly alternatives has resonated well with consumers looking for sustainable packaging and textile materials.

Mitsubishi Chemical Corporation has been at the forefront of developing high-performance PBS materials for a wide range of applications. The company's focus on quality and innovation has helped it maintain a competitive edge in the market. Showa Denko K.K. is also a key player, known for its advanced polymer technologies and commitment to environmental sustainability. The company's efforts in driving the adoption of recycled PBS have positioned it as a frontrunner in the sustainable materials market.

Novamont S.p.A. has been driving innovation in the PBS market through its bio-based solutions that offer both performance and sustainability benefits. The company's strategic partnerships and investments in research have further boosted its market presence. Kingfa Sci. & Tech. Co., Ltd. is another significant player known for its diverse product portfolio and strong focus on sustainability. The company's strategic initiatives in developing eco-friendly materials have been well-received in the market.

DuPont, a global leader in materials science, has been leveraging its expertise to develop high-quality PBS solutions for various end-use industries. The company's strong emphasis on product development and customer-centric approach have propelled its growth in the PBS market. Arkema is another prominent player known for its innovative PBS offerings that cater to the evolving needs of the market. The company's focus on sustainability and recyclability has positioned it as a preferred choice among consumers.

Evonik Industries AG is a key player driving the**Global Polybutylene Succinate (PBS) Market**

- **Product:** The global Polybutylene Succinate (PBS) market is segmented by product into Conventional Polybutylene Succinate (PBS) and Bio-Based Polybutylene Succinate (PBS). Conventional PBS is the traditional form of the polymer, while bio-based PBS is derived from renewable sources, making it an environmentally friendly option.

- **Process:** The market is further categorized by process into Trans-Esterification and Direct Esterification. These processes involve different methods of synthesizing PBS, each with its own set of advantages and applications in various industries.

- **Application:** Polybutylene Succinate (PBS) is utilized in a diverse range of applications such as Bags, Mulch Film, Packaging Film, Flushable Hygiene Products, Fishing Nets, Coffee Capsules, Wood Plastic Composites, and others. The versatility of PBS makes it a preferred choice in various sectors due to its biodegradability and eco-friendly properties.

- **Usage:** PBS can be classified based on its usage into Single-Use and Reusable categories. This distinction is crucial in determining the sustainability aspect of PBS products and their impact on the environment.

- **Packaging Layer:** Within the packaging industry, PBS is used in different layers including Primary Packaging, Secondary Packaging, and Tertiary Packaging. Each layer serves a unique purpose in preserving and protecting the packaged products.

- **End-Use:** The end-use industries for Polybutylene Succ

Core Objective of Polybutylene Succinate (PBS) Market:

Every firm in the Polybutylene Succinate (PBS) Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

• Size of the Polybutylene Succinate (PBS) Market and growth rate factors.
• Important changes in the future Polybutylene Succinate (PBS) Market.
• Top worldwide competitors of the Market.
• Scope and product outlook of Polybutylene Succinate (PBS) Market.
• Developing regions with potential growth in the future.
• Tough Challenges and risk faced in Market.
• Global Polybutylene Succinate (PBS)-top manufacturers profile and sales statistics.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Polybutylene Succinate (PBS) Market

Chapter 3: Regional analysis of the Global Polybutylene Succinate (PBS) Market industry

Chapter 4: Polybutylene Succinate (PBS) Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

How the Report Aids Your Business Discretion?

• This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
• The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
• A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
• New player entry analysis and their scope of new business models
• The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
• A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
• A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
• Details on market estimations, market size, dimensions
• A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market

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