Report Details:
15 Companies Covered
Pages
Pune, India, July 24, 2017, /MRFR Press Release/- Market Research Future published a half-cooked research report on Poly (Butylene Adipate-Co-Terephthalate) Market.
Market Overview:
Poly (Butylene Adipate-Co-Terephthalate) or PBAT is used in various end-use industries such as agricultural, packaging, coatings and others. The PBAT market is primarily driven by packaging industry due to wide application scope including cling film, compost bag, and nets. In-addition, blends with other polymer like PLA are being widely utilized in automotive, textiles and electrical & electronics industry.
On the basis of geography, Europe region accounts for the largest market share and is also expected to witness high growth rate as compared to other regions such as North America, Asia Pacific and Others.
Key players:
Major companies operating in the market include BASF, Eastman Chemicals, WILLEAP, Dongguan Xinhai Environmental Protection Material Co. Ltd., DuPont, Novamont, and Jinhui Zhalong.
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Market Segmentation:
Poly (Butylene Adipate-Co-Terephthalate) or PBAT is bifurcated on the basis of application and end user. On the basis of end users market is sub-segmented into packaging, agricultural & fishery, coating, and others. The composite of PBAT blended with low cost polymers such as starch are used in the production of polymeric films. Composites of PBAT find their application in structural parts for automotive sector. Due to the high degradability of PBAT, it is being widely preferred over other biodegradable polymers and is facilitating its usage in packaging production. By adding special additives and completing optimizing process conditions, transparent cling films are used for the packaging of foods, including fresh meats, vegetables and fruits that are sold in supermarkets. In addition, PBAT is also being used in agricultural and horticultural uses, such as fertilizer bags, potato bags, plant pots, seed trays, and mulch films. As of now, in fruit orchards, control of weeds in the tree row is routinely accomplished by the use of herbicides or by cultivation. While in mulch strip system, it is being carried out with the usage of plastic biodegradable polymer like blend of PLA and PBAT, wherein plastic film covers the area of plant and restrict the growth of weed. PBAT has its application in the uses of net bags which are used for carrying vegetables and fruits or grocery items.
Poly (Butylene Adipate-Co-Terephthalate) Market Regional Analysis
Europe emerged as the leading regional market of PBAT due to its wide utilization as a cling film, net bags, and garbage bags in flexible packaging industry. It has its extensive usage in agricultural sector as a mulch film. In recent times, due to the advance technology usage in manufacturing processes along with better distribution channel is expected to enhance the PBAT market. Moreover, due to increase in the funding of research programs under the European government leads to rise in PBAT market. Countries such as UK and Germany are expected to witness stagnant growth.
North America is also one of the largest producers of biodegradable polymers. In this region, the consumption of biodegradable polymers has grown significantly in recent years. Presence of large population in Asia Pacific is expected to boost the PBAT based biodegradable packaging in the developed region. In addition, rising consumer awareness coupled with shift in preference towards eco-friendly products is anticipated to bolster PBAT in demand in various end-use industries ranging from pharmaceuticals to packaging.
Competitive Analysis:
Major players operating in Global POLY (Butylene Adipate-Co-Terephthalate) include Novamont, Eastman Chemicals, BASF, DuPont, Novamont. Huge expenditure in innovation program with increasing R&D initiatives by key players is expected to open the door for immense opportunities in this market.
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