Poly (Butylene Adipate-CoTerephthalate) (PBAT) Market
Poly (Butylene Adipate-Co-Terephthalate) (PBAT)
Market Scope: Industry Analysis, Market Size,
Growth, Trends Till 2031
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Poly (Butylene Adipate-Co-Terephthalate) (PBAT)
Market Size and Growth
The Poly (Butylene Adipate-Co-Terephthalate) (PBAT) market is experiencing significant growth, driven by rising demand for biodegradable plastics. The global market size is projected to reach approximately USD 1.2 billion by 2027, reflecting a CAGR of around 14% due to increasing environmental awareness and regulatory support for sustainable materials.
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Companies Covered
(Covid 19 Impact Covered)
◍ Novamont
◍ Eastman
◍ Jinhui Zhaolong High Technology
◍ BASF
◍ SK
◍ Far Eastern New Century Corporation
◍ Lotte Fine Chemical
◍ WILLEAP
◍ Jiangsu Torise biomaterials
The PBAT market is competitive, with key players like Novamont, Eastman, BASF, and SK. These companies manufacture biodegradable plastics and innovate sustainable packaging solutions using PBAT. Their advancements and increased production capabilities drive market growth. Notable sales figures include Eastman ($10.5 billion) and BASF ($78 billion).
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Market Segmentation
By Application
Packaging ◍ Agriculture & Fishery ◍ Consumer Goods ◍ Coatings
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By Product
Industrial Grade
Food Grade
Market Growth
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$ X Billion USD
