The global market for Poly(butylene succinate) (PBS) was valued at approximately USD 49 million in 2023. It is expected to experience significant growth over the forecast period, reaching a projected value of USD 68.49 million by 2030. This growth represents a compound annual growth rate (CAGR) of 4.90%, indicating a steadily increasing demand for PBS as a biodegradable polymer material across various industries.
The market size and growth projections reflect several key trends, including the growing demand for eco-friendly alternatives to traditional plastics and the increasing awareness of environmental issues such as plastic pollution. PBS’s ability to degrade naturally in the environment, coupled with its versatile applications, is driving its increasing adoption in the global market.
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Market Size
Poly(butylene succinate) (PBS) is an aliphatic polyester produced by the polymerization of 1,4succinic acid and 1,4-butanediol. It is a biodegradable, environmentally friendly polymer with a variety of applications in industries such as packaging, agriculture, textiles, and medical devices. PBS is considered a sustainable alternative to traditional petroleum-based plastics due to its ability to be decomposed by microorganisms in the environment. This biodegradable nature makes PBS an ideal candidate for reducing plastic waste, aligning with growing global sustainability initiatives.
PBS can range in molecular weight, typically spanning tens of thousands to hundreds of thousands, and appears in a white or milky white form. The polymer has high thermal stability, mechanical strength, and flexibility, making it a highly versatile material for various end-use applications. As an eco-friendly alternative, PBS has garnered significant attention in recent years, as the demand for biodegradable and compostable materials rises, further driving its global market growth.
Market Dynamics (Drivers, Restraints, Opportunities, and Challenges)
Drivers
Restraints
Opportunities
Challenges
Regional Analysis
North America
North America, particularly the United States and Canada, is a key market for PBS. The market in this region was valued at USD 12.77 million in 2023 and is expected to grow at a CAGR of 4.20% from 2024 through 2030. This growth is driven by stringent environmental regulations and a shift toward sustainable and biodegradable packaging solutions. Furthermore, the increasing demand for ecofriendly agricultural practices is contributing to the expansion of PBS in agricultural films and related products.
Europe
POLY(BUTYLENE SUCCINATE) (PBS) MARKET
Europe is one of the leading markets for PBS due to its focus on sustainability and stringent environmental regulations. Countries like Germany, France, and the UK are at the forefront of adopting biodegradable polymers. The region’s increasing emphasis on reducing plastic waste and transitioning to circular economies supports the growth of PBS.
Asia-Pacific
The Asia-Pacific region is anticipated to witness the highest growth in the PBS market. Countries such as China, Japan, and India are investing heavily in sustainable solutions across packaging, agriculture, and consumer goods. Additionally, the region's large-scale manufacturing capabilities are likely to drive PBS production, making it an attractive market for global players.
Rest of the World
Other regions, including Latin America and the Middle East, are also showing potential for PBS growth, particularly in biodegradable packaging and agricultural films. These regions are beginning to recognize the importance of sustainable materials, which will likely drive PBS demand in the coming years.
Competitor Analysis
The PBS market is competitive, with several major players involved in production, research, and distribution. Key companies in the market include:
These companies are investing in expanding their production capacities, improving product formulations, and entering into strategic partnerships to strengthen their market positions.
Global Poly(butylene succinate) (PBS): Market Segmentation Analysis
This report provides a deep insight into the global Poly(butylene succinate) (PBS) market, covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trends, niche markets, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader shape the competition within the industries and strategies for the competitive environment to enhance potential profits. Furthermore, it provides a simple framework for evaluating and assessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Poly(butylene succinate) (PBS) market. This report introduces in detail the market share, market performance, product situation, operation situation, etc., of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Poly(butylene succinate) (PBS) market in any manner.
Market Segmentation (by Application)
PBS is used across a range of industries and applications, including:
• Packaging
• Agriculture
POLY(BUTYLENE SUCCINATE) (PBS) MARKET
• Textiles
• Medical
• Electronics
Market Segmentation (by Type)
• PBS Resins
• PBS Blends
Key Company
• Mitsubishi Chemical Corporation
• BASF SE
• PTT Global Chemical Public Company Limited
• Kingfa Sci & Tech Co. Ltd.
• Huafon Group
Geographic Segmentation
• North America
• Europe
• Asia-Pacific
• Rest of the World (Latin America, Middle East, Africa)
FAQ
1. What is the current market size of Poly(butylene succinate) (PBS)?
â£The global PBS market size was valued at approximately USD 49 million in 2023 and is projected to reach USD 68.49 million by 2030, growing at a CAGR of 4.90%.
2. Which are the key companies operating in the Poly(butylene succinate) (PBS) market?
â£Key companies include Mitsubishi Chemical Corporation, BASF SE, PTT Global Chemical Public Company Limited, Kingfa Sci & Tech Co. Ltd., and Huafon Group.
3. What are the key growth drivers in the Poly(butylene succinate) (PBS) market?
â£The key drivers include increasing demand for sustainable and biodegradable plastics, government regulations promoting eco-friendly materials, and the growing popularity of PBS in packaging and agriculture.
4. Which regions dominate the Poly(butylene succinate) (PBS) market?
â£Asia-Pacific, North America, and Europe are the dominant regions for PBS production and consumption, with Asia-Pacific showing the highest growth potential.
5. What are the emerging trends in the Poly(butylene succinate) (PBS) market?
POLY(BUTYLENE SUCCINATE) (PBS) MARKET
â£Emerging trends include expanding applications in the medical industry, growing adoption in agricultural films, and increasing use in the automotive and electronics sectors.
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Table of content
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Poly(butylene succinate) (PBS)
1.2 Key Market Segments
1.2.1 Poly(butylene succinate) (PBS) Segment by Type
1.2.2 Poly(butylene succinate) (PBS) Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Poly(butylene succinate) (PBS) Market Overview
2.1 Global Market Overview
2.1.1 Global Poly(butylene succinate) (PBS) Market Size (M USD) Estimates and Forecasts (20192030)
2.1.2 Global Poly(butylene succinate) (PBS) Sales Estimates and Forecasts (2019-2030)
