Poly Butylene Succinate (PBS) Market
Poly Butylene Succinate (PBS) Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Poly Butylene Succinate (PBS) Market Size and Growth
The Poly Butylene Succinate (PBS) market is witnessing significant growth, driven by increasing demand for biodegradable plastics across various industries. As of 2023, the market size for PBS is valued at approximately $450 million, with projected growth rates indicating a compound annual growth rate (CAGR) of around 10% through 2030.
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Companies Covered
(Covid 19 Impact Covered)
◍ Eastman
◍ Showa Denko
◍ Mitsubishi
◍ Dupont
◍ BASF
◍ Reverdia
◍ BioAmber
◍ Sinoven Biopolymers
◍ PTT MCC Biochem
◍ Yifan Xinfu Pharmaceutical
◍ Anqing Hexing Chemical
The Poly Butylene Succinate (PBS) market features key players like Eastman, Showa Denko, Mitsubishi, and BASF. These companies innovate and produce biodegradable solutions, enhancing market growth. Their advancements address sustainability needs, driving demand. Sales revenue figures for some companies include:
- Eastman: $10 billion
- BASF: $85 billion
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Market Segmentation
By Application
By Product
Bio-Based PBS ◍ Packaging ◍ Agriculture
◍ Textile
◍ Consumer Goods
◍ Electronics and Electrical
◍ Automotive
◍ Others
◍ Conventional PBS
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Market Growth
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$ X Billion USD
