Poly (Butylene Adipate-Co-Terephthalate) Market Research Report- Application (Composite Bags, Bin Bags, Mulch Films, Cling Films, Stabilizers), End-Use (Packaging, Agriculture & Fishery, Consumer Goods, Coatings) - Forecast till 2030

Poly Butylene Adipate-co-terephthalate Market Overview:

Polyesters are generally synthesized by polycondensation of combinations of dicarboxylic and diols acids. Poly (butylene adipate co-terephthalate) (PBAT), specifically, can be produced by the polycondensation reaction of 1/4-butanediol with terephthalic and adipic acids. Rare ground compounds or zinc acetate can be used as polycondensation catalysts, which is not ideal for industry. However, it has been reported that the use of these catalysts prepares PBAT on a laboratory scale. The preparation of PBAT requires high temperature, long reaction time, and vacuum generally temp above 190 ° C. These conditions are necessary to favor condensation reactions and remove the lightest molecules as a product.

As a striking feature for synthetic plastics, PBAT is 100% biodegradable. Besides, it is flexible, with the tensile strength of 32-36 MPa, Young’s modulus of 20-35 MPa, and greater elongation at break (close to 700%) than most biodegradable polyesters, such as polybutylene succinate and poly (lactic acid). These properties of PBAT are comparable to those of low-density PE (LDPE), and these properties make PBAT an auspicious biodegradable material for a wide range of possible applications, from packaging, medical devices, and agricultural films. However, although PBAT has been recognized as a quality candidate for BP, its lower mechanical properties than conventional plastics have limited its use in a wider range of applications.Key Players:

• Far Eastern New Century Corporation


• Lotte Fine Chemical Co., Ltd.


• Jiangsu Tories biomaterials co., Ltd.


• BASF SE, SK Chemicals


• Jinhui Zhaolong High Technology.


• Novamont SpA., WILLEAP,


• Eastman Chemical Company

Poly butylene adipate-co-terephthalate Manufacturing strategies:

Some strategies have been used to produce PBATs with improved mechanical properties. Herrera et al.’s research reported that the polymer’s mechanical properties strongly depend on the terephthalate content. They observed that Young’s modulus increases with the content in terephthalate units, while the elongation at break decreases. They prepared a series of aliphatic/aromatic copolyesters by melt condensation of 1/4-butanediol, succinic acid, and dimethyl terephthalate. They observed that the elongation at break increases, especially as the content of butylene terephthalate increases. In addition to the compound, the mechanical properties of the polymer are influenced by the molecular weight. Based on this prior knowledge and the composition of the monomers, this can also adapt the mechanical properties of the PBAT  according to the chosen process. Variables, such as pressure and reactor temperature, because both variables relate to the reaction displacement to the products and affect the molecular weight of the PBAT.

Poly butylene adipate-co-terephthalate market trends

PBAT is compostable, transparent, and biodegradable in nature and can be used in injection and extrusion processes. Globally, PBAT has various applications such as stabilizers, composite bags, humic films, plastic films, garbage bags, and others with end-use in industry, such as liners, packaging, consumer goods, fishing, and agriculture, among others.

Global Poly butylene adipate-co-terephthalate

The global PBAT market is driven by several factors, such as the increase in the packaging industry’s application and the increase in government policies for green purchasing. Significant increase in the production and sale of plastic packages, specifically in emerging economies in Argentina, Europe, Mexico, Latin and Asia-Pacific America, such as Brazil, France, South Korea, Germany, the United Kingdom, Thailand, Italy, India, and China will drive market growth during the forecast. Better economic situation and consumers who prefer products that do not harm the environment have increased demand for PBAT. Also, globally, the major initiatives of non-governmental and governmental organizations to reduce pollution are expected to increase demand in the next seven years. Using MRFR analysis, the PBAT market is estimated at $ 636.96 million in the year 2023 at a growth rate of 14.89% during the forecast period globally due to the above-mentioned factors that feed the overall market.

Poly butylene adipate-co-terephthalate market uses

PBAT and its compounds are used in various areas, such as environmental, biomedical food packaging, and industrial applications. May use antimicrobial PBAT tissues to prevent nosocomial infections. Fukushima et al. studied the biocompatibility of PBAT and its nanocomposites based on fluoroelectorites, sepiolite, and MMTs. They reported that nanocomposites show non-cytotoxic, non-negative hemostatic effects after contact with blood, greater in vitreous hemocompatibility than pure PBAT. Mondal et al. modified the MMT with prepared the PBAT / CMMT and cetyltrimethylammonium bromide (CMMT) nanocomposites by the solution intercalation process. They observed that PBAT / CMMT has antimicrobial properties due to the inserted morphology and the quaternary ammonium cation in the CMMT nanocomposites. Moustafa et al. reported that PBAT-based compounds with the addition of roasted coffee grounds exhibited improvements in hydrophobicity and thermomechanical properties, making these compounds potentially interesting for food applications. Bittmann et al. prepared PBAT nanocomposites reinforced with different types of nano-clay (bentonite, modified MMT, and natural). PBAT-based compounds with modified bentonite have shown the best mechanical and thermal performance at room temperature, making the temperature interesting for potential packaging applications.

Poly butylene adipate-co-terephthalate additional applications;

Biodegradable plastics, such as poly (lactic acid) (PLA) and poly (butylene succinate) (PBS), also have applications ranging from sporting goods, packaging, carpets, foam materials, electronics, clothing, building materials, and toys. They basically have the same properties as conventional plastics. Still, They offer additional advantages, such as greater resistance and elasticity to water vapor and heat in addition to permeability to some degree. But their environmental benefits will be more important in the future because they are biodegradable or recycled for the generation of heat energy or reuse as a material. Growing consumer awareness of using such green plastics in these application segments would offer new opportunities for the global PBAT market.

Poly butylene adipate-co-terephthalate market analysis and forecast

The scope of the global market study PBAT includes the size of the stock market and a detailed analysis of the supplier’s strategies and products. The report covers the Middle East and Africa, North America, Europe, Latin America, and Asia-Pacific. Europe is the largest market, followed by North America and Asia-Pacific. The Asia-Pacific region is estimated to have a CAGR of 14.9% over the forecast due to increased industrial investment and the improved agricultural sector in the region’s developing economies. The European region offers huge growth potential for the PBAT market. It is projected to record the highest CAGR of 15.01% to reach 285.4 million US dollars by 2023 due to the growing consumer demand for products with reduced environmental impact in the region. Turkey’s consumer market PBAT was $ 0.92 million in 2016 and represented the largest market share in the Middle East and Africa. The region expects a 14.08% CAGR due to the increased use of PBAT in various applications, such as garbage bags, composite bags, and humus films.

Poly butylene adipate-co-terephthalate market demand

The global PBAT demand market is based on the end-user, the application, and the region. The PBAT market is segmented into stabilizers, cover films, composite bags, plastic films, garbage bags, and others based on the application. According to end-user, the global PBAT market is divided into liners, packaging, consumer goods, fisheries, agriculture, etc. Based on the regions, the demand is characterized in the Middle East and Africa, North America, Latin America, Europe, and Asia-Pacific.

Poly butylene adipate-co-terephthalate market forecast

The global market for PBAT is estimated to be USD 2.7 billion by 2030 at a growth rate of 8.90% during the 2022-2030 review period. Based on the volume, Europe has the largest market share of around 44.5%. Based on the end-user, the packaging segment accounted for 62.0% in 2016, with a US $ 150.43 million market value, and projects to grow at the highest growth rate of 15.03% due to the excellent adjustment of PBAT features in the market packaging.

Recent DevelopmentSeptember 2021- South Korea's biggest chemical firm, LG Chem Ltd., announced that the company is planning to develop biodegradable plastics after collaborating with a smaller local chemical company to grow its presence in the eco-friendly product market.As per the collaboration partnership agreement with TK Chemical Corp., LG Chem will manufacture poly butylene adipate-co-terephthalate (PBAT).PBAT is the type of synthetic polymer obtained from fossil resources and can naturally degrade within a period of six months after burying in the ground. Both the firms said they plan to establish a PBAT manufacturing plant in South Korea by the second half of 2022.August 2021- South Korea's leading chemical firm, LG Chem Ltd., announced to fund over USD2.2 billion by 2028 to step up its local production capacity for eco-friendly materials. The company said that it would construct ten new chemical factories in Seosan, over 140 kilometers southwest of Seoul, to produce biodegradable materials and other materials used in renewable energy.The materials list includes polyolefin elastomer (POE), a biodegradable plastic used in decomposable packaging, and poly butylene adipate-co-terephthalate (PBAT) used for footwear auto exteriors, photovoltaic films, wire coatings, etc.Conclusion

This brief review deals with an overview of the PBAT. Important issues are covered, such as degradation, properties, and application. Besides, the use of fillers with improvements in the mechanical properties of compounds is also discussed.

The non-discriminatory use of non-BP has caused significant environmental problems, leading to an increase in BP interest, especially in PBAT. PBAT offers several advantages in environmental conservation due to its non-harmful effects. However, the cost of producing this polymer is high, and its properties are often far from expected. That is why PBAT does not compete on efficiency and cost with commodity plastics. A greater understanding of polymerization reaction engineering is needed to develop BPs that meet the requirements of cost, durability, weight, and performance.

The possibilities are several: the addition of different monomer compounds and, above all, the selective addition of fillers to improve the properties of PBAT. Among the methods for preparing PBAT-based compounds, fusion mixing is one of the most promising methods. The main obstacles to preparing these compounds are the diffusion of the filler in PBAT and the interaction between the two, which can overcome by modifying the surface of the fillers. Significant progress has been reported; however, more work is needed in this area, and this is significant, hard-working work for scientists to maintain a sustainable green society. PBAT can be considered one of the sustainable materials of the generation of modern “green materials”.