Polybutylene Adipate Terephthalate (PBAT) Market
Polybutylene Adipate Terephthalate (PBAT) Market Analysis, By Application (PBAT Compost & Garbage Bags, PBAT Cling Films, PBAT Mulch film, PBAT Medical Accessories), By End Use (Packaging, Agriculture & Horticulture, Consumer & Homecare) & Region - Global Forecast 2022-2032
Analysis of PBAT market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polybutylene Adipate Terephthalate (PBAT) Market Outlook
The polybutylene adipate terephthalate (PBAT) market size was valued at US$ 1.7 billion in 2022, and is projected to reach US$ 3.8 billion by the end of 2032, growing at a CAGR (Compound Annual Growth Rate) of 8.6% during the forecast period from 2022 to 2032.
Manufacturers across the globe are shifting their focus on the use of sustainable packaging for their products. Now-a-days, many retail chains and brands are using biodegradable plastics made from PBAT to increase their brand awareness and distinguish themselves from their competitors by setting up an outstanding product niche and driving exceptional customer experience.
Report Attributes |
Details |
|---|---|
|
Polybutylene Adipate Terephthalate Market Size (2022E) |
US$ 1.7 Billion |
|
Forecasted Market Value (2032F) |
US$ 3.8 Billion |
|
Global PBAT Market Growth Rate (2022-2032) |
8.6% CAGR |
|
North America Market Share (2022) |
~26.0% |
|
Europe Market Share (2022) |
~43.0% |
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Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Historic to Future Consumer Preference Analysis
It has been observed that the sustainability of any product is fundamentally changing consumer preference. 79% of consumers are changing their purchase preferences based on inclusiveness, social responsibilities, and environmental impact.
Moreover, as a result of COVID-19, consumer awareness and commitment towards sustainable products have increased twofold. Overall 67% of the consumer including 57% of those belonging to the age group between 18-24, have switched to lesser-known brands as they are providing sustainable packaging.
Additionally, 52% of consumers claim to have an emotional bond with companies or organizations that are seen as sustainable. 72% of consumers overall, including 64% of those aged 25 to 35, claim that choosing sustainable products makes them happy with their purchase.
As a result, PBAT-based packaging is being increasingly used by consumer product and retail (CPR) organizations. This, in turn, is increasing PBAT market penetration in the plastic packaging and wrapping sector.
- Short Term (2022 Q2 to 2025): The impact of the government initiatives and policies on the PBAT is significantly less owing to independent standards set by organizations like FDA, OWS, and others, to government, authorities. However, increasing governmental regulations for the use of environment-friendly products are expected to positively impact the market.
- Medium Term (2025-2028): Nowadays, flexible packaging has been gaining ground due to its excellent properties such as lightweight, aroma retention, ease of mobility & disposal, flexibility, resealing, minimal space requirement, and many more. In addition, the increasing push towards biodegradable packaging is forcing packaging companies and food manufacturers to include biopolymers in their cling films. This is poised to further bolster the market for PBAT.
- Long Term (2028-2032): Advancement in technologies shall provide immense opportunity for the PBAT market to burgeon. With new production technology and operational automation, manufacturers will have tremendous opportunities to penetrate untapped markets. Many developed countries have already started deploying this technology in use.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 8.6% CAGR between 2022 and 2032.
PBAT Market share analysis based on application and region is provided in a nutshell in the above image. Under the application segment, the cling films sub-segment dominates with 75.7% of the market share in 2022.
“Tightening Regulations Concerning Plastic Waste: To Supplement Market’s Growth”
As a result of tightening governmental regulations on the use of plastics and the urge to reduce reliance on fossil fuels, manufacturers across the globe are shifting their focus to the use of sustainable packaging for their products.
Mismanaged plastic waste is very detrimental not only to flora and fauna but to humans also. In the marine ecosystem, plastic debris can cause entanglement of aquatic animals which can result in immobilization and eventually death of that creature.
Even on land, animals such as sheep, goats, donkeys, and cattle face a similar danger of plastic ingestion, which can block their gastrointestinal tract leading to its death.
In addition, harmful additives which are added during the manufacturing process, as well as toxins absorbed by the plastics from air or water can cause huge damage to the surrounding environment.
As a result, governments across the globe are banning the use of single-use plastics and instead promoting the use of bio-plastics which are eco-friendly in nature.
This, in turn, is increasing the usage of PBAT in the manufacturing of such plastic products. In 2020, the government of South Africa commissioned a US$ 1.8 million, Japan-funded bio-plastics manufacturing project in collaboration with the United Nations Industrial Development Organization (UNIDO).
“Research in PBAT-based Nanocomposite for Medical and Industrial Application”
PBAT-based nanocomposites are formulated by melt blending PBAT with a 5-10 weight percent of clay nanoparticles. These nanoparticles are composed of fluoro-hectorites, unmodified sepiolites, and montmorillonites.
Particularly in nanocomposites with high clay chemical affinity within the polymeric matrix, all these nanocomposites demonstrated a good level of clay distribution and dispersion into PBAT. PBAT-based materials containing 10% of clay possess good biological safety and almost no cytotoxicity, according to preliminary biocompatibility tests.
For this reason, such nanocomposites are being extensively studied for the manufacturing of medical devices and equipment. In addition, in spite of offering an excellent support matrix for nanoparticles, PBAT-based compounds can also improve the antibacterial performance of the device and can extend the possible applications of bio-nanocomposites to meet the stringent requirements for biomedical applications or medical devices such as vascular & urinary catheters and endotracheal tubes.
Further research has shown that the mechanical properties of PBAT-induced nanocomposites showcase enhanced impact strength, tensile & flexural modulus, and tensile elongation at break.
These properties are very useful for the manufacturing of sophisticated and complicated industrial equipment that operates on a fine margin.
Thus, research in PBAT nanocomposites and the subsequent development of nanoparticles from PBAT has the potential to open up new opportunities for its application in medical and industrial sectors during the forecast period.
“High Cost of Production Affecting Overall Pricing of End-Product”
Compared to traditional plastics, the production of bio-based polymers is very expensive in nature. The manufacturing of pure PBAT requires the usage of sophisticated equipment and devices.
As a result, the manufacturing of such compounds is usually accompanied by a high operational cost. As a consequence, the manufacturing of PBAT at a large scale will only be possible when production costs decrease.
The addition of low-cost materials such as reinforced material and starch. Among reinforced materials, PLA is an effective way to reduce the final cost. It is only during the last ten years PBAT based composites have been developed into commercial products.
Moreover, as a result of weak economic growth caused by the COVID-19 pandemic, industrial production remained well below market expectations. As the sales were lower than the usual target, manufacturers of PBAT had to bare extra costs for inventory management.
For almost a decade, PBAT has been widely used in the packaging industry and agricultural and biomedical sectors. However, its high production cost limits its large-scale production for use in alternative fields of applications.
Country-wise Insights
How is Public Awareness Driving the US Market?
In North America, the USA consumes a significant amount of PBAT. The majority of consumption comes from the country's populace's strict use of PBAT-based compost & garbage bags.
Additionally, the nation's end-use industries actively use PBAT-based packing materials for their goods. The increased demand for PBAT in compostable packaging and PBAT for biodegradable packaging has made all of this possible due to increased public awareness of biodegradable plastics.
The market in the country is expected to expand at a steady rate during the forecast period with increasing consumption of PBAT products in this country.
Why is the Germany Market Anticipated to Be Highly Rewarding?
Based on consumer demand, Germany dominates the market for PBAT. Biodegradable plastics like polybutylene adipate terephthalate are widely used in Germany.
For a greener, cleaner environment, the European Union has been actively involved in the development of such biodegradable plastics.
The main cause of the rise in PBAT consumption in Europe, particularly in Germany, has been the region's regulatory bodies' calls for the public to use such alternatives.
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Category-wise Insights
Why Compostable bags are gaining traction?
In recent years the concept of quality and safety of food on the part of the consumer has undergone profound evolution. In general, awareness of the risk associated with waste disposal and the importance of biodegradable products has increased.
Starches derived from sources like corn, PLA, or PBAT are used to make compostable bags. These bags are intended to be decomposed by microorganisms into organic substances like compost, carbon dioxide, and water under particular circumstances.
With the increasing awareness of a cleaner and greener environment, plastic manufacturers are continuing to develop sustainable solutions for people. Nowadays, shopping bags, retail bags, zip lock bags, and courier satchels are all produced in a compostable format.
Supermarkets and retail chains such as Waitrose, Co-operative, Tesco, and others. are all providing compostable bags as an alternative to plastic bags. Growing initiatives from government and regulatory bodies towards the usage of safer products have been stimulating the production and sales of compostable and biodegradable bags.
Currently, compostable bags are witnessing high demand from various industries such as food & beverage, retail, and health & personal care, as they come in a wide range of attractive designs and shapes.
How do Agriculture and Horticulture Support the Market’s Growth?
The concerning drawback of using conventional plastic films in agriculture is the production of a high amount of waste. As a result, in place of traditional non-biodegradable plastic films, films made from natural fibers and biodegradable polymers are now used as mulching material.
- An ETH Zurich study found that PBAT completely biodegrades in soil over the course of six weeks, making it a perfect substitute for PE.
In addition, these mulching films reduces pressure from weed & pathogens, preserves heat & moisture, and conserve water and fertilizer, resulting in sustainable agricultural production and reduced soil contamination.
- According to a recent study, mulch films made from BASF SE's eco via M 2351 can improve weed control and increase tomato yield by 15 to 50% while using less water and herbicide than bare-soil farming.
Mulch films are gaining widespread acceptance from farmers worldwide since their usage contributes to the creation of favorable microclimatic conditions for accelerating crop growth.
Exponential growth in food demand over the studied period is expected to remain a vital factor influencing the sales of agricultural films. Mulch plastic films, on account of their unmatched effectiveness in their agricultural productivity, are anticipated to witness robust demand in line with surging food demand.
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Competitive Landscape
Prominent manufacturers in the market are BASF SE, Novamont S.p.A., JinHui ZhaoLong High Technology Co., Ltd., Eastman Chemical Company, SK Chemicals, Far Eastern New Century Corporation, Lotte Fine Chemical Co., Ltd., WILLEAP, and Jiangsu Torise biomaterials co., Ltd.
The global demand for PBAT has increased in recent years as a result of growing awareness regarding the importance of waste disposal. An increase in production capacity is turned out to be a highly lucrative strategy for market players’ growth in forthcoming years.
- The Red Avenue New Materials Group's, biodegradable material project (Phase I), which is built to produce 100,000-ton/year, in cooperation with BASF is currently in a development phase, and it is anticipated to begin feeding and starting by the third quarter, according to Red Avenue New Materials Group Co., Ltd.'s 2022 published report.
- In November 2020, AXT, Inc., a leading manufacturer of compound semiconductor substrates, announced a strategic merger of BoYu and JinMei, which are suppliers of the raw material to AXT.
Fact.MR has provided detailed information about the price points of key manufacturers of PBAT positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Polybutylene Adipate Terephthalate Industry Research
-
By Application:
- Compost & Garbage Bags
- Cling Films
- Mulch film
- Medical Accessories
- Others
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By End-Use:
- Packaging
- Agriculture & Horticulture
- Consumer & Homecare
- Coatings
- Others
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By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
1. PBAT Market - Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Global Chemical Market Outlook, 2021 3.1.1. By Region 3.1.2. By Countries 3.1.3. Market Trends 3.2. Global PBAT Production Capacity, 2021 3.2.1. By Region 3.2.2. By Countries 3.2.3. By Manufactures 3.3. Global PBAT Regional Trade Analysis, 2021 3.3.1. List of top 10 importing countries and quantity 3.3.2. List of top 10 exporting countries and quantity 3.4. Global Plastic Material Production 3.4.1. By Region 3.5. Global Bio-Plastics Market Outlook 3.5.1. By Key Region 3.5.2. By Polymer type 3.5.3. Key Trends 3.6. Production Process & Technology Used for PBAT Polymer 3.7. Bio-degradation & Sustainability of PBAT Polymer 3.8. Policy and Regulatory Landscapes 3.9. Global Flexible Packaging Market Overview 3.10. Global Agricultural Films Market Outlook 3.11. Global Food & Beverage Industry Outlook 3.12. PBAT: Apparent Production & Consumption Analysis 3.12.1. Production Capacity (Kilo Tons) 3.12.1.1. By Key Regions 3.12.1.2. By Key Companies 3.12.2. Consumption Statistics 3.12.3. Apparent Trade Analysis 3.13. PBAT Market Opportunity Assessment 3.13.1. Total Available Market (US$ million) 3.13.2. Serviceable Addressable Market (US$ million) 3.13.3. Serviceable Obtainable Market (US$ million) 3.14. Market Dynamics 3.14.1. Market Growth Drivers 3.14.2. Market Restraints 3.14.3. Market Opportunity 3.14.4. Market Trends 3.15. Industry Value and Supply Chain Analysis 3.15.1. Value Added at Each Node of Supply Chain 3.15.2. Gross Profitability Margins (at Every Level) 3.15.3. List of Key Participants 3.15.3.1. Key Raw Material Supplier 3.15.3.2. Key Manufacturers 3.15.3.3. Key Distributor/Retailers 3.15.3.4. Key End Users 3.16. Forecast Factors – Relevance and Impact 3.17. Macro-Economic Factors 3.18. PESTLE Analysis 3.19. Porter’s Five Force Analysis 3.20. Investment Feasibility Analysis 3.21. Key Success Factors 4. Global PBAT Demand (Kilo Tons) Analysis and Forecast 4.1. Historical Market Volume (Kilo Tons) Analysis, 2017-2021 4.2. Current and Future Market Volume (Kilo Tons) Projections, 2022-2032 4.3. Y-o-Y Volume Growth Trend Analysis 5. Global PBAT Market - Pricing Analysis 5.1. Product Type and Country-Level Pricing Analysis 5.2. Global Average Pricing Analysis Benchmark 5.3. Factors Influencing Pricing 6. Global PBAT Market Value (US$ million) Analysis and Forecast 6.1. Historical Market Value (US$ million) Analysis, 2017-2021 6.2. Current and Future Market Value (US$ million) Projections, 2022-2032 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global PBAT Market Analysis and Forecast, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ million) and Volume (Kilo Tons) Analysis By Application, 2017-2021 7.3. Current and Future Market Size (US$ million) Analysis and Volume (Kilo Tons) Forecast By Application, 2022-2032 7.3.1. Compost & Garbage Bags 7.3.2. Cling Films 7.3.3. Mulch Film 7.3.4. Medical accessories 7.3.5. Others (fishing nets, etc.) 7.4. Market Attractiveness Analysis By Application 8. Global PBAT Market Analysis and Forecast, By End Use 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ million) and Volume (Kilo Tons) Analysis By End Use, 2017-2021 8.3. Current and Future Market Size (US$ million) Analysis and Volume (Kilo Tons) Forecast By End Use, 2022-2032 8.3.1. Agriculture & horticulture 8.3.2. Consumer & homecare 8.3.3. Coatings 8.3.4. Others (Fisheries, etc.) 8.4. Market Attractiveness Analysis By End Use 9. Global PBAT Market Analysis and Forecast, By Region 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ million) and Volume (Kilo Tons) Analysis By Region, 2017-2021 9.3. Current Market Size (US$ million) Analysis and Volume (Kilo Tons) Forecast By Region, 2022-2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia & Oceania 9.3.6. Middle East & Africa 9.4. Market Attractiveness Analysis By Region 10. North America PBAT Market Analysis and Forecast 10.1. Introduction / Key Findings 10.2. Pricing Analysis 10.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 10.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022 - 2032 10.4.1. By Country 10.4.1.1. U.S. 10.4.1.2. Canada 10.4.2. By Application 10.4.3. By End Use 10.5. Market Attractiveness Analysis 10.5.1. By Country 10.5.2. By Application 10.5.3. By End Use 11. Latin America PBAT Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Pricing Analysis 11.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 11.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022 - 2032 11.4.1. By Country 11.4.1.1. Brazil 11.4.1.2. Mexico 11.4.1.3. Argentina 11.4.1.4. Rest of Latin America 11.4.2. By Application 11.4.3. By End Use 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Application 11.5.3. By End Use 12. Europe PBAT Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 12.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022 - 2032 12.4.1. By Country 12.4.1.1. Germany 12.4.1.2. France 12.4.1.3. Italy 12.4.1.4. Spain 12.4.1.5. U.K. 12.4.1.6. BENELUX 12.4.1.7. Russia 12.4.1.8. Rest of Europe 12.4.2. By Application 12.4.3. By End Use 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Application 12.5.3. By End Use 13. East Asia PBAT Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 13.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022 - 2032 13.4.1. By Country 13.4.1.1. China 13.4.1.2. Japan 13.4.1.3. South Korea 13.4.2. By Application 13.4.3. By End Use 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Application 13.5.3. By End Use 14. South Asia & Oceania PBAT Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Pricing Analysis 14.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 14.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022 - 2032 14.4.1. By Country 14.4.1.1. India 14.4.1.2. Thailand 14.4.1.3. Indonesia 14.4.1.4. Malaysia 14.4.1.5. Australia & New Zealand 14.4.1.6. Rest of South Asia & Oceania 14.4.2. By Application 14.4.3. By End Use 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Application 14.5.3. By End Use 15. Middle East & Africa PBAT Market Analysis and Forecast 15.1. Introduction / Key Findings 15.2. Pricing Analysis 15.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2017-2021 15.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2022 - 2032 15.4.1. By Country 15.4.1.1. GCC Countries 15.4.1.2. South Africa 15.4.1.3. Northern Africa 15.4.1.4. Turkey 15.4.1.5. Rest of Middle East & Africa 15.4.2. By Application 15.4.3. By End Use 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Application 15.5.3. By End Use 16. Country-level PBAT Market Analysis and Forecast 16.1. Introduction / Key Findings 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. US PBAT Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.2.2.1. By Application 16.2.2.2. By End Use 16.3. Canada PBAT Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.3.2.1. By Application 16.3.2.2. By End Use 16.4. Brazil PBAT Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.4.2.1. By Application 16.4.2.2. By End Use 16.5. Mexico PBAT Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.5.2.1. By Application 16.5.2.2. By End Use 16.6. Argentina PBAT Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.6.2.1. By Application 16.6.2.2. By End Use 16.7. Germany PBAT Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.7.2.1. By Application 16.7.2.2. By End Use 16.8. France PBAT Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.8.2.1. By Application 16.8.2.2. By End Use 16.9. Italy PBAT Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.9.2.1. By Application 16.9.2.2. By End Use 16.10. Spain PBAT Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.10.2.1. By Application 16.10.2.2. By End Use 16.11. BENELUX PBAT Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.11.2.1. By Application 16.11.2.2. By End Use 16.12. Russia PBAT Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.12.2.1. By Application 16.12.2.2. By End Use 16.13. U.K. PBAT Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.13.2.1. By Application 16.13.2.2. By End Use 16.14. China PBAT Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.14.2.1. By Application 16.14.2.2. By End Use 16.15. Japan PBAT Market Analysis 16.15.1. Value Proportion Analysis by Market Taxonomy 16.15.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.15.2.1. By Application 16.15.2.2. By End Use 16.16. South Korea PBAT Market Analysis 16.16.1. Value Proportion Analysis by Market Taxonomy 16.16.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.16.2.1. By Application 16.16.2.2. By End Use 16.17. India PBAT Market Analysis 16.17.1. Value Proportion Analysis by Market Taxonomy 16.17.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.17.2.1. By Application 16.17.2.2. By End Use 16.18. ASEAN Countries PBAT Market Analysis 16.18.1. Value Proportion Analysis by Market Taxonomy 16.18.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.18.2.1. By Application 16.18.2.2. By End Use 16.19. Australia PBAT Market Analysis 16.19.1. Value Proportion Analysis by Market Taxonomy 16.19.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.19.2.1. By Application 16.19.2.2. By End Use 16.20. GCC Countries PBAT Market Analysis 16.20.1. Value Proportion Analysis by Market Taxonomy 16.20.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.20.2.1. By Application 16.20.2.2. By End Use 16.21. Turkey PBAT Market Analysis 16.21.1. Value Proportion Analysis by Market Taxonomy 16.21.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.21.2.1. By Application 16.21.2.2. By End Use 16.22. South Africa PBAT Market Analysis 16.22.1. Value Proportion Analysis by Market Taxonomy 16.22.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2017-2032 16.22.2.1. By Application 16.22.2.2. By End Use 17. PBAT Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration of Players 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 18. PBAT Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking of Products 18.3. Competition Deep Dive: PBAT 18.3.1. SABIC 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Key Financials 18.3.1.4. Sales Footprint 18.3.1.5. SWOT Analysis 18.3.1.6. Key Developments 18.3.1.7. Strategy Overview 18.3.2. BASF SE 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Key Financials 18.3.2.4. Sales Footprint 18.3.2.5. SWOT Analysis 18.3.2.6. Key Developments 18.3.2.7. Strategy Overview 18.3.3. Dongguan Xinhai Environmental-Friendly Material Co., Ltd. 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Key Financials 18.3.3.4. Sales Footprint 18.3.3.5. SWOT Analysis 18.3.3.6. Key Developments 18.3.3.7. Strategy Overview 18.3.4. Green Science Alliance Co., Ltd. 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Key Financials 18.3.4.4. Sales Footprint 18.3.4.5. SWOT Analysis 18.3.4.6. Key Developments 18.3.4.7. Strategy Overview 18.3.5. Jinhuizhaolong 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Key Financials 18.3.5.4. Sales Footprint 18.3.5.5. SWOT Analysis 18.3.5.6. Key Developments 18.3.5.7. Strategy Overview 18.3.6. Lotte Fine Chemical 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Key Financials 18.3.6.4. Sales Footprint 18.3.6.5. SWOT Analysis 18.3.6.6. Key Developments 18.3.6.7. Strategy Overview 18.3.7. Novamont 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Key Financials 18.3.7.4. Sales Footprint 18.3.7.5. SWOT Analysis 18.3.7.6. Key Developments 18.3.7.7. Strategy Overview 19. Assumptions & Acronyms Used 20. Research Methodology
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List Of Table
Table 01: Global PBAT Market Value (US$ million) and Forecast by Region, 2017-2021
Table 02: Global PBAT Market Value (US$ million) and Forecast by Region, 2022-2032
Table 03: Global PBAT Market Volume (Kilo Tons) and Forecast by Region, 2017-2021
Table 04: Global PBAT Market Volume (Kilo Tons) and Forecast by Region, 2022-2032
Table 05: Global PBAT Market Value (US$ million) and Forecast By Application, 2017-2021
Table 06: Global PBAT Market Value (US$ million) and Forecast By Application, 2022-2032
Table 07: Global PBAT Market Volume (Kilo Tons) and Forecast By Application, 2017-2021
Table 08: Global PBAT Market Volume (Kilo Tons) and Forecast By Application, 2022-2032
Table 09: Global PBAT Market Value (US$ million) and Forecast By End Use, 2017-2021
Table 10: Global PBAT Market Value (US$ million) and Forecast By End Use, 2022-2032
Table 11: Global PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2017-2021
Table 12: Global PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2022-2032
Table 13: North America PBAT Market Value (US$ million) and Forecast by Country, 2017-2021
Table 14: North America PBAT Market Value (US$ million) and Forecast by Country, 2022-2032
Table 15: North America PBAT Market Volume (Kilo Tons) and Forecast by Country, 2017-2021
Table 16: North America PBAT Market Volume (Kilo Tons) and Forecast by Country, 2022-2032
Table 17: North America PBAT Market Value (US$ million) and Forecast By Application, 2017-2021
Table 18: North America PBAT Market Value (US$ million) and Forecast By Application, 2022-2032
Table 19: North America PBAT Market Volume (Kilo Tons) and Forecast By Application, 2017-2021
Table 20: North America PBAT Market Volume (Kilo Tons) and Forecast By Application, 2022-2032
Table 21: North America PBAT Market Value (US$ million) and Forecast By End Use, 2017-2021
Table 22: North America PBAT Market Value (US$ million) and Forecast By End Use, 2022-2032
Table 23: North America PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2017-2021
Table 24: North America PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2022-2032
Table 25: Latin America PBAT Market Value (US$ million) and Forecast by Country, 2017-2021
Table 26: Latin America PBAT Market Value (US$ million) and Forecast by Country, 2022-2032
Table 27: Latin America PBAT Market Volume (Kilo Tons) and Forecast by Country, 2017-2021
Table 28: Latin America PBAT Market Volume (Kilo Tons) and Forecast by Country, 2022-2032
Table 29: Latin America PBAT Market Value (US$ million) and Forecast By Application, 2017-2021
Table 30: Latin America PBAT Market Value (US$ million) and Forecast By Application, 2022-2032
Table 31: Latin America PBAT Market Volume (Kilo Tons) and Forecast By Application, 2017-2021
Table 32: Latin America PBAT Market Volume (Kilo Tons) and Forecast By Application, 2022-2032
Table 33: Latin America PBAT Market Value (US$ million) and Forecast By End Use, 2017-2021
Table 34: Latin America PBAT Market Value (US$ million) and Forecast By End Use, 2022-2032
Table 35: Latin America PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2017-2021
Table 36: Latin America PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2022-2032
Table 37: Europe PBAT Market Value (US$ million) and Forecast by Country, 2017-2021
Table 38: Europe PBAT Market Value (US$ million) and Forecast by Country, 2022-2032
Table 39: Europe PBAT Market Volume (Kilo Tons) and Forecast by Country, 2017-2021
Table 40: Europe PBAT Market Volume (Kilo Tons) and Forecast by Country, 2022-2032
Table 41: Europe PBAT Market Value (US$ million) and Forecast By Application, 2017-2021
Table 42: Europe PBAT Market Value (US$ million) and Forecast By Application, 2022-2032
Table 43: Europe PBAT Market Volume (Kilo Tons) and Forecast By Application, 2017-2021
Table 44: Europe PBAT Market Volume (Kilo Tons) and Forecast By Application, 2022-2032
Table 45: Europe PBAT Market Value (US$ million) and Forecast By End Use, 2017-2021
Table 46: Europe PBAT Market Value (US$ million) and Forecast By End Use, 2022-2032
Table 47: Europe PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2017-2021
Table 48: Europe PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2022-2032
Table 49: East Asia PBAT Market Value (US$ million) and Forecast by Country, 2017-2021
Table 50: East Asia PBAT Market Value (US$ million) and Forecast by Country, 2022-2032
Table 51: East Asia PBAT Market Volume (Kilo Tons) and Forecast by Country, 2017-2021
Table 52: East Asia PBAT Market Volume (Kilo Tons) and Forecast by Country, 2022-2032
Table 53: East Asia PBAT Market Value (US$ million) and Forecast By Application, 2017-2021
Table 54: East Asia PBAT Market Value (US$ million) and Forecast By Application, 2022-2032
Table 55: East Asia PBAT Market Volume (Kilo Tons) and Forecast By Application, 2017-2021
Table 56: East Asia PBAT Market Volume (Kilo Tons) and Forecast By Application, 2022-2032
Table 57: East Asia PBAT Market Value (US$ million) and Forecast By End Use, 2017-2021
Table 58: East Asia PBAT Market Value (US$ million) and Forecast By End Use, 2022-2032
Table 59: East Asia PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2017-2021
Table 60: East Asia PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2022-2032
Table 61: South Asia & Oceania PBAT Market Value (US$ million) and Forecast by Country, 2017-2021
Table 62: South Asia & Oceania PBAT Market Value (US$ million) and Forecast by Country, 2022-2032
Table 63: South Asia & Oceania PBAT Market Volume (Kilo Tons) and Forecast by Country, 2017-2021
Table 64: South Asia & Oceania PBAT Market Volume (Kilo Tons) and Forecast by Country, 2022-2032
Table 65: South Asia & Oceania PBAT Market Value (US$ million) and Forecast By Application, 2017-2021
Table 66: South Asia & Oceania PBAT Market Value (US$ million) and Forecast By Application, 2022-2032
Table 67: South Asia & Oceania PBAT Market Volume (Kilo Tons) and Forecast By Application, 2017-2021
Table 68: South Asia & Oceania PBAT Market Volume (Kilo Tons) and Forecast By Application, 2022-2032
Table 69: South Asia & Oceania PBAT Market Value (US$ million) and Forecast By End Use, 2017-2021
Table 70: South Asia & Oceania PBAT Market Value (US$ million) and Forecast By End Use, 2022-2032
Table 71: South Asia & Oceania PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2017-2021
Table 72: South Asia & Oceania PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2022-2032
Table 73: MEA PBAT Market Value (US$ million) and Forecast by Country, 2017-2021
Table 74: MEA PBAT Market Value (US$ million) and Forecast by Country, 2022-2032
Table 75: MEA PBAT Market Volume (Kilo Tons) and Forecast by Country, 2017-2021
Table 76: MEA PBAT Market Volume (Kilo Tons) and Forecast by Country, 2022-2032
Table 77: MEA PBAT Market Value (US$ million) and Forecast By Application, 2017-2021
Table 78: MEA PBAT Market Value (US$ million) and Forecast By Application, 2022-2032
Table 79: MEA PBAT Market Volume (Kilo Tons) and Forecast By Application, 2017-2021
Table 80: MEA PBAT Market Volume (Kilo Tons) and Forecast By Application, 2022-2032
Table 81: MEA PBAT Market Value (US$ million) and Forecast By End Use, 2017-2021
Table 82: MEA PBAT Market Value (US$ million) and Forecast By End Use, 2022-2032
Table 83: MEA PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2017-2021
Table 84: MEA PBAT Market Volume (Kilo Tons) and Forecast By End Use, 2022-2032
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List Of Figures
Figure 01: Global PBAT Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 02: Global PBAT Market Absolute $ Opportunity (US$ million), 2022-2032
Figure 03: Global PBAT Market Value (US$ million) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 04: Global PBAT Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 05: Global PBAT Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 06: Global PBAT Market Y-o-Y Growth Rate By Application, 2022-2032
Figure 07: Global PBAT Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 08: Global PBAT Market Y-o-Y Growth Rate By End Use, 2022-2032
Figure 09: North America PBAT Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 10: North America PBAT Market Absolute $ Opportunity (US$ million), 2022-2032
Figure 11: North America PBAT Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 12: North America PBAT Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 13: North America PBAT Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 14: North America PBAT Market Y-o-Y Growth Rate By Application, 2022-2032
Figure 15: North America PBAT Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 16: North America PBAT Market Y-o-Y Growth Rate By End Use, 2022-2032
Figure 17: North America PBAT Market Attractiveness Analysis by Country, 2022-2032
Figure 18: North America PBAT Market Attractiveness Analysis By Application, 2022-2032
Figure 19: North America PBAT Market Attractiveness Analysis By End Use, 2022-2032
Figure 20: Latin America PBAT Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 21: Latin America PBAT Market Absolute $ Opportunity (US$ million), 2022-2032
Figure 22: Latin America PBAT Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 23: Latin America PBAT Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 24: Latin America PBAT Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 25: Latin America PBAT Market Y-o-Y Growth Rate By Application, 2022-2032
Figure 26: Latin America PBAT Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 27: Latin America PBAT Market Y-o-Y Growth Rate By End Use, 2022-2032
Figure 28: Latin America PBAT Market Attractiveness Analysis by Country, 2022-2032
Figure 29: Latin America PBAT Market Attractiveness Analysis By Application, 2022-2032
Figure 30: Latin America PBAT Market Attractiveness Analysis By End Use, 2022-2032
Figure 31: Europe PBAT Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 32: Europe PBAT Market Absolute $ Opportunity (US$ million), 2022-2032
Figure 33: Europe PBAT Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 34: Europe PBAT Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 35: Europe PBAT Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 36: Europe PBAT Market Y-o-Y Growth Rate By Application, 2022-2032
Figure 37: Europe PBAT Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 38: Europe PBAT Market Y-o-Y Growth Rate By End Use, 2022-2032
Figure 39: Europe PBAT Market Attractiveness Analysis by Country, 2022-2032
Figure 40: Europe PBAT Market Attractiveness Analysis By Application, 2022-2032
Figure 41: Europe PBAT Market Attractiveness Analysis By End Use, 2022-2032
Figure 42: East Asia PBAT Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 43: East Asia PBAT Market Absolute $ Opportunity (US$ million), 2022-2032
Figure 44: East Asia PBAT Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 45: East Asia PBAT Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 46: East Asia PBAT Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 47: East Asia PBAT Market Y-o-Y Growth Rate By Application, 2022-2032
Figure 48: East Asia PBAT Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 49: East Asia PBAT Market Y-o-Y Growth Rate By End Use, 2022-2032
Figure 50: East Asia PBAT Market Attractiveness Analysis by Country, 2022-2032
Figure 51: East Asia PBAT Market Attractiveness Analysis By Application, 2022-2032
Figure 52: East Asia PBAT Market Attractiveness Analysis By End Use, 2022-2032
Figure 53: South Asia & Oceania PBAT Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 54: South Asia & Oceania PBAT Market Absolute $ Opportunity (US$ million), 2022-2032
Figure 55: South Asia & Oceania PBAT Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 56: South Asia & Oceania PBAT Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 57: South Asia & Oceania PBAT Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 58: South Asia & Oceania PBAT Market Y-o-Y Growth Rate By Application, 2022-2032
Figure 59: South Asia & Oceania PBAT Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 60: South Asia & Oceania PBAT Market Y-o-Y Growth Rate By End Use, 2022-2032
Figure 61: South Asia & Oceania PBAT Market Attractiveness Analysis by Country, 2022-2032
Figure 62: South Asia & Oceania PBAT Market Attractiveness Analysis By Application, 2022-2032
Figure 63: South Asia & Oceania PBAT Market Attractiveness Analysis By End Use, 2022-2032
Figure 64: MEA PBAT Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022-2032
Figure 65: MEA PBAT Market Absolute $ Opportunity (US$ million), 2022-2032
Figure 66: MEA PBAT Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 67: MEA PBAT Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 68: MEA PBAT Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 69: MEA PBAT Market Y-o-Y Growth Rate By Application, 2022-2032
Figure 70: MEA PBAT Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 71: MEA PBAT Market Y-o-Y Growth Rate By End Use, 2022-2032
Figure 72: MEA PBAT Market Attractiveness Analysis by Country, 2022-2032
Figure 73: MEA PBAT Market Attractiveness Analysis By Application, 2022-2032
Figure 74: MEA PBAT Market Attractiveness Analysis By End Use, 2022-2032
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- FAQs -
What is the estimated global market size of PBAT in 2022?
The global market is estimated to be valued at US$ 1.7 billion in 2022.
What is the estimated market size at the end of 2032?
The global PBAT plate market is expected to be valued at US$ 3.8 billion in 2032.
What is the share of Asia Pacific in the Global Market?
East Asia holds around 10.3% share of the global market and is expected to grow at a remarkable CAGR over the forecast period.
Which country has the highest demand for the Market in East Asia?
China holds the maximum share in East Asia and is expected to showcase prominent market growth over the assessment period.
Which application of PBAT holds the highest market share?
Cling films account for 75.7% share of global sales.
Polybutylene Adipate Terephthalate (PBAT) Market