The global Polybutylene Succinate (PBS) market was valued at approximately USD 49 million in 2023, and it is projected to reach USD 57.45 million by 2030, growing at a compound annual growth rate (CAGR) of 2.30% during the forecast period.
PBS’s market expansion is supported by several factors, including its versatility and biodegradability, and its growing applications across various industries. In addition to plastic packaging, PBS is finding significant demand in medical supplies, agricultural films, and as a component in eco-friendly consumer products.
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Historically, the market for PBS has been relatively niche but is gaining momentum as more industries focus on sustainability. As governments and organizations implement more stringent regulations on non-biodegradable plastic use, the demand for biodegradable alternatives like PBS is expected to increase.
Market Size
Polybutylene Succinate (PBS) is an environmentally friendly and biodegradable polymer material made from the combination of 1,4-succinic acid and 1,4-butanediol. It falls under the category of aliphatic polyester and is widely regarded for its low environmental impact due to its ability to degrade under natural conditions. PBS's molecular structure consists of repeating units of butylene succinate, giving it its unique properties. The polymer is primarily used in various applications such as packaging, medical materials, and agricultural products due to its biodegradable nature.
PBS can be synthesized both chemically, from petrochemical sources, and biologically, through microbial fermentation, which is considered more sustainable. This polymer exhibits excellent mechanical properties such as tensile strength, flexibility, and impact resistance, making it a favorable alternative to conventional plastics. It is also recognized for being non-toxic and is safe for use in various medical and consumer products.
Market Dynamics (Drivers, Restraints, Opportunities, and Challenges)
Drivers
Restraints
Opportunities
Challenges
Regional Analysis
North America
North America holds a significant share of the global PBS market, with a market size of USD 12.77 million in 2023. The region is projected to experience a CAGR of 1.97% during the forecast period from 2024 through 2030. The United States and Canada are the primary drivers of growth in this region due to their strong environmental regulations and increasing demand for sustainable materials in packaging, agriculture, and medical products.
POLY BUTYLENE SUCCINATE (PBS) MARKET
Europe
Europe is another key market for PBS, with a strong focus on environmental sustainability and a high demand for biodegradable plastics. The European Union has stringent regulations for plastic waste management, encouraging the use of eco-friendly materials such as PBS. Countries like Germany, France, and the UK lead the way in PBS adoption.
Asia-Pacific
Asia-Pacific is expected to witness the highest growth rate during the forecast period, driven by the rapid industrialization in countries such as China, India, and Japan. The demand for PBS in this region is growing across industries like packaging, agriculture, and healthcare, thanks to rising environmental awareness and supportive government policies.
Latin America and Middle East & Africa
These regions are expected to see steady growth in the PBS market, with growing interest in biodegradable materials due to environmental concerns. However, market growth may be slower compared to more developed regions due to factors such as lower industrialization and less stringent regulatory frameworks.
Competitor Analysis
The PBS market is evolving with several companies engaged in its production and development. The key players include:
• Mitsubishi Chemical Corporation: A leader in the PBS production industry, focusing on both chemical and biological production methods.
• BioAmber: Specializes in renewable bio-based chemicals, including succinic acid, which is a key raw material for PBS production.
• DSM Engineering Plastics: Known for its sustainable polymer solutions, DSM has been involved in the development of bio-based PBS.
• Showa Denko: Another major player with expertise in polymer manufacturing, particularly focusing on PBS for various applications.
• Mitsui Chemicals: This company is investing in the development of PBS as part of its broader sustainable product portfolio.
These companies are employing various strategies, such as technological advancements, partnerships, and market diversification, to strengthen their positions in the PBS market.
Global Poly Butylene Succinate (PBS): Market Segmentation Analysis
This report provides a deep insight into the global Polybutylene Succinate (PBS), covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and assessing the position of the business organization. The report
POLY BUTYLENE SUCCINATE (PBS) MARKET
structure also focuses on the competitive landscape of the Global PBS. 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 PBS in any manner.
Market Segmentation (by Application)
• Packaging: PBS is widely used in the production of biodegradable plastic packaging materials due to its environmental benefits.
• Medical: PBS is used for creating non-toxic, biodegradable medical supplies such as sutures, wound dressings, and drug delivery systems.
• Agriculture: It is used in agricultural films, such as biodegradable mulch films, and slowrelease fertilizers.
• Consumer Products: PBS is utilized in the manufacturing of eco-friendly consumer products, including toys and disposable items.
• Others: Other applications include automotive parts, electronics, and textiles.
Market Segmentation (by Type)
• Bio-based PBS
• Petrochemical-based PBS
Key Company
• Mitsubishi Chemical Corporation
• BioAmber
• DSM Engineering Plastics
• Showa Denko
• Mitsui Chemicals
Geographic Segmentation
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
FAQ
What is the current market size of Polybutylene Succinate (PBS)?
POLY BUTYLENE SUCCINATE (PBS) MARKET
â£The global PBS market was valued at USD 49 million in 2023 and is expected to reach USD 57.45 million by 2030, growing at a CAGR of 2.30%.
Which are the key companies operating in the Polybutylene Succinate (PBS) market?
â£Key companies in the PBS market include Mitsubishi Chemical Corporation, BioAmber, DSM Engineering Plastics, Showa Denko, and Mitsui Chemicals.
What are the key growth drivers in the Polybutylene Succinate (PBS) market?
â£Growth drivers include increasing environmental concerns, regulatory support for biodegradable materials, and technological advancements in PBS production.
Which regions dominate the Polybutylene Succinate (PBS) market?
â£North America, Europe, and Asia-Pacific are the dominant regions for the PBS market.
What are the emerging trends in the Polybutylene Succinate (PBS) market?
â£Emerging trends include the increasing demand for sustainable materials across industries, technological advancements in PBS production, and expanding applications in medical and agricultural 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 (2019-2030)
2.1.2 Global Poly Butylene Succinate (PBS) Sales Estimates and Forecasts (2019-2030)
