Polybutylene Adipate Terephthalate (PBAT) Market

SKU: DMPC3652 | Last Updated On: Aug 03 2021 | No. of Pages: 180 | Available Formats

> Global Polybutylene Adipate Terephthalate Market Expected to reach a high CAGR By 2028: DataM Intelligence

Market Overview

The global polybutylene adipate terephthalate (PBAT) market is estimated at a high CAGR during the forecast period (2021-2028).

The biodegradable random copolymer PBAT (short for polybutylene adipate terephthalate) is a copolyester of adipic acid, 1,4-butanediol terephthalic acid (from dimethyl terephthalate). It is also called poly(butylene adipate-co-terephthalate), polybutyrate-adipate-terephthalate(a misnomer) or polybutyrate. It is commonly marketed as a completely biodegradable alternative to low-density polyethylene, with many related properties such as durability and strength, allowing it to be used for a wide range of applications, including plastic bags and wraps.

Furthermore, it is more versatile than other biodegradable polyesters, such as polybutylene succinate and polypropylene succinate, with tensile strengths of 32-36 MPa, Young's modulus of 20-35 MPa, and elongation at break (close to 700%). (lactic acid). These properties are comparable to those of low-density polyethylene (LDPE). They make PBAT a promising biodegradable material for various applications, including packaging, medical devices, and agricultural films.

PBAT has been identified as a good candidate for BP, but its lower mechanical properties than traditional plastics have restricted its use in many applications. Other uses for PBAT include consumer products, coatings, agriculture and fisheries, and packaging. PBAT is also used to make cling films, stabilizers, composite bags, bin bags, mulch films, and other items. In the food packaging industry, PBAT has a wide range of applications.

Source: DataM Intelligence Analysis (2021)

Market Dynamics

The global polybutylene adipate terephthalate (PBAT) market is driven by the significantly growing demand for PBAT among different end-user industries. Increasing demand for biodegradable packaging from different packaging industries coupled with rising government restrictions and policies towards green procurement the vital factors triggering the growth of the PBAT market

Growing demand for PBAT among different end-users owing to its excellent properties as compared to other materials available in market

PBAT is classified as a random copolymer due to its random structure, which can not crystallize to any substantial extent because there's no structural order. This leads to several physical properties such as large melting points, low elastic modulus and stiffness, and high flexibility and toughness. The polymer's versatility and hardness make it suitable for blending with a solid and rigid biodegradable polymer for bottle processing. Other uses for PBAT include consumer products, sporting goods, coatings, carpets, foam materials, electronics, agriculture and fisheries, and packaging. PBAT is also used to make cling films, stabilizers, composite bags, bin bags, mulch films, and other items. In the food packaging industry, PBAT has a wide range of applications. PBAT is also being investigated as a component in antimicrobial films. The antimicrobial agent is integrated during the processing of such films, with PBAT serving as the film's bulk. Antimicrobial films can be used in food packaging to prevent bacterial growth, allowing food to be safely preserved.

Increasing demand for biodegradable packaging from different packaging industries and rising government restrictions and policies towards green procurement are the vital factors triggering the PBAT market's growth in recent times.

PBAT offers various benefits, such as increased resistance and elasticity to water vapor and heat and some permeability. However, since they are biodegradable or recyclable to produce heat energy or reuse as a material, their environmental benefits will become more significant in the future. Furthermore, growing consumer awareness of using green plastics in these application segments would offer new opportunities for the global PBAT market. PBAT is advertised as completely biodegradable plastic, with BASF's ecoflex demonstrating 90 percent degradation in testing after 80 days. Cling wrap for food packaging, compostable plastic bags for gardening and agricultural use, and water-resistant coatings for other products, such as paper cups, are some of the applications illustrated by the manufacturers.

COVID-19 Impact Analysis

The COVID-19 pandemic has wreaked havoc on a variety of industries and companies. The demand for PBATs is no exception. The PBAT market has been seriously hampered by the lockdown restrictions imposed by several countries. The closure of manufacturing units and production facilities and border controls resulted in decreased PBAT production and demand. As a result, the pandemic could reduce the PBAT market's growth rate to some degree. The PBAT industry, on the other hand, has benefited greatly from the relaxation of lockdown. The resumption of manufacturing operations presents a golden opportunity for the PBAT market to expand.

Market Segment Analysis

The global polybutylene adipate terephthalate (PBAT) market is segmented based on application end-users and region.

The global polybutylene adipate terephthalate (PBAT) market is segmented into packaging, consumer goods, agriculture, fishery, and coatings based on end-users. The packaging industry is the largest plastic material, and traditional non-biodegradable polymers are commonly used in this area due to their attractive properties. However, due to their low biodegradability, they become a major source of waste after use. Using biodegradable polymers for packaging applications is a successful technique for reducing plastic waste sent to landfills while also facilitating bio-waste collection and organic recycling, thus reducing plastics disposal issues. The biodegradable random copolymer Poly (butylene adipate-co-terephthalate) (PBAT) comprises aromatic and aliphatic chains. PBAT stands out among biodegradable polymers because of its high ductility and durability, making it ideal for packaging applications, including plastic bags and wraps. Furthermore, the melt blending of PBAT with another bioplastic could represent an effective and economical way to improve its properties without compromising its biodegradability.

Source: DataM Intelligence Analysis (2021)

Geographical Analysis

High consumption of PBAT in food packaging industries in the Asia-Pacific region is creating a huge opportunity for the PBAT market to increase in the forecast period

European countries hold the huge consumption of PBAT, followed by the Asia Pacific due to enormous food packaging industries' consumption. The government is also taking required measures to reduce plastic usage as non-biodegradable plastic has proved detrimental to the environment's health by causing various ill-effects such as soil pollution, landfill, and soil fertility loss.  The above step has created huge opportunities for biodegradable packaging in the region. Various key players in Asia-Pacific are inclined towards adopting eco-friendly and sustainable packaging material over other packaging materials available in the market. Since PBAT is widely used in end-use industries, demand for it is expected to rise in developing Latin American countries.

Source: DataM Intelligence Analysis (2021)

Competitive Landscape

The polybutylene adipate terephthalate (PBAT) market is highly competitive with local and global companies. Some of the key players contributing to the market's growth include Lotte Fine Chemical Co., Ltd, BASF SE, Jinhui Zhaolong High Technology, Jiangsu Torise biomaterials co., Ltd, Novamont SpA, SK Chemicals, Eastman Chemical Company, Willeap, and among others.  

The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the polybutylene adipate terephthalate (PBAT) market globally. The key players are favoring expansion as a growth strategy to build their business.

  • For instance, in October 2018, Novamont SpA opened its Mater-Biopolymer plant located in Patrica. The plant produces Origo-Bi, one of the components of Mater-Bi, Origo-Bi is a trade name of PBAT, biodegradable random copolymer, synthesized from 1,4-butanediol, adipic acid and dimethyl terephthalate.

BASF

Overview: BASF SE is one of the growing German multinational chemical corporations that is the world's largest chemical manufacturer. The company is branched in Europe, Asia, Australia, the Americas, Africa, and joint ventures in over 80 countries and operates in six integrated production sites and 390 other production sites.

Product Portfolio: The company has a product portfolio of polybutylene adipate terephthalate (PBAT) includes:

Ecoflex: It is the first biodegradable and certified compostable polymer launched by BASF on a fossil basis and in the market for more than two decades. Ecoflex is the ideal blend component for bioplastics which is elastic as well as water and tear-resistant. Furthermore, the product is printable, weldable and suitable for food contact

Key Development:

  • In May 2020, BASF licensed Red Avenue New Materials Group to produce and sell PBAT according to high BASF quality standards. Red Avenue New Materials Group plans to build a new plant in Shanghai that will produce 60,000 metric tonnes of PBAT per year.

Why Purchase the Report?

  • Visualize the polybutylene adipate terephthalate (PBAT) market segmentation by application, end-users and highlight key commercial assets and players.
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  • Excel data sheet with thousands of data points of polybutylene adipate terephthalate (PBAT) market-level 4/5 segmentation.
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The global polybutylene adipate terephthalate (PBAT) market report would provide access to a 47 market data table, 45 figures and 240 pages.

Target Audience 2022

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Table of Contents

  1. Global Polybutylene  Adipate Terephthalate (PBAT) Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Polybutylene  Adipate Terephthalate (PBAT) Market – Market Definition and Overview

  3. Global Polybutylene  Adipate Terephthalate (PBAT)Market – Executive Summary

    1. Market Snippet by Application
    2. Market Snippet by End-Users
    3. Market Snippet by Region
  4. Global Polybutylene  Adipate Terephthalate (PBAT) Market-Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Growing demand for PBAT from different end-user industries
        2. Increasing demand for biodegradable packaging from different packaging industries coupled with rising government restrictions and policies towards green procurement the vital factors triggering the growth of the PBAT market
      2. Restraints:
        1. XX
      3. Opportunity
        1. XX
      4. Impact Analysis
  5. Global Polybutylene Adipate Terephthalate (PBAT) Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Pricing Analysis
    4. Regulatory Analysis
  6. Global Polybutylene  Adipate Terephthalate (PBAT) Market – COVID-19 Analysis

    1. Analysis of COVID-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid COVID-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Global Polybutylene Adipate Terephthalate (PBAT) Market – By Applications

    1. Introduction
      1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Composite Bags*
      1. Introduction
      2. Market Size Analysis and Y-o-Y Growth Analysis (%)
    3. Cling Films
    4. Bin Bags 
    5. Medical Clothing
    6. Others
  8. Global Polybutylene Adipate Terephthalate (PBAT) Market – By End-User

    1. Introduction
      1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
      2. Market Attractiveness Index, By End-User
    2. Packaging*
      1. Introduction
      2. Market Size Analysis and Y-o-Y Growth Analysis (%)
    3. Agriculture
    4. Fishery
    5. Consumer Goods
    6. Coatings
    7. Others
  9. Global Polybutylene Adipate Terephthalate (PBAT) Market – By Region

    1. Introduction
      1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Russia
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia-Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  10. Global Polybutylene Adipate Terephthalate (PBAT) Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Global Polybutylene Adipate Terephthalate (PBAT) Market- Company Profiles

    1. BASF SE*
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Lotte Fine Chemical Co., Ltd
    3. Jinhui Zhaolong High Technology
    4. Jiangsu Torise biomaterials co., Ltd
    5. Novamont SpA
    6. SK Chemicals
    7. Eastman Chemical Company
    8. Willeap(*LIST NOT EXHAUSTIVE)
  12. Global Polybutylene Adipate Terephthalate (PBAT) – Premium Insights

  13. Global Polybutylene Adipate Terephthalate (PBAT) – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 1 Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By Application, 2020, 2024 & 2028(US$ Million)

Table 2    Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By End-User, 2020, 2024 & 2028(US$ Million)

Table 3 Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By Region, 2020, 2024 & 2028(US$ Million)

Table 4 Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By Application, 2020, 2024 & 2028(US$ Million)

Table 5 Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By Application, 2020-2028(US$ Million)

Table 6  Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By End-User, 2020, 2024 & 2028(US$ Million)

Table 7 Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By End-User, 2020-2028(US$ Million)

Table 8  Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By Region, 2020, 2024 & 2028(US$ Million)

Table 9 Global Polybutylene Adipate Terephthalate (PBAT) Market Value, By Region, 2020-2028(US$ Million)

Table 10 North America Polybutylene Adipate Terephthalate (PBAT) Market Value, By Application, 2020-2028(US$ Million)

Table 11 North America Polybutylene Adipate Terephthalate (PBAT) Market Value, By End-User, 2020-2028(US$ Million)

Table 12 North America Polybutylene Adipate Terephthalate (PBAT) Market Value, By Country, 2020-2028(US$ Million)

Table 13 South America Polybutylene Adipate Terephthalate (PBAT) Market Value, By Application, 2020-2028(US$ Million)

Table 14 South America Polybutylene Adipate Terephthalate (PBAT) Market Value, By End-User, 2020-2028(US$ Million)

Table 15 South America Polybutylene Adipate Terephthalate (PBAT) Market Value, By Country, 2020-2028(US$ Million)

Table 16 Europe Polybutylene Adipate Terephthalate (PBAT) Market Value, By Application, 2020-2028(US$ Million)

Table 17 Europe Polybutylene Adipate Terephthalate (PBAT) Market Value, By End-User, 2020-2028(US$ Million)

Table 18 Europe Polybutylene Adipate Terephthalate (PBAT) Market Value, By Country, 2020-2028(US$ Million)

Table 19 Asia-Pacific Polybutylene Adipate Terephthalate (PBAT) Market Value, By Application, 2020-2028(US$ Million)

Table 20 Asia-Pacific Polybutylene Adipate Terephthalate (PBAT) Market Value, By End-User, 2020-2028(US$ Million)

Table 21 Asia-Pacific Polybutylene Adipate Terephthalate (PBAT) Market Value, By Country, 2020-2028(US$ Million)

Table 22 Middle East & Africa Polybutylene Adipate Terephthalate (PBAT) Market Value, By Application, 2020-2028(US$ Million)

Table 23 Middle East & Africa Polybutylene Adipate Terephthalate (PBAT) Market Value, By End-User, 2020-2028(US$ Million)

Table 24 BASF SE: Overview

Table 25 BASF SE: Product Portfolio

Table 26 BASF SE: Key Developments

Table 27 Lotte Fine Chemical Co., Ltd: Overview

Table 28 Lotte Fine Chemical Co., Ltd: Product Portfolio

Table 29 Lotte Fine Chemical Co., Ltd: Key Developments

Table 30 Jinhui Zhaolong High Technology: Overview

Table 31 Jinhui Zhaolong High Technology: Product Portfolio

Table 32 Jinhui Zhaolong High Technology: Key Developments

Table 33 Jiangsu Torise biomaterials co., Ltd: Overview

Table 34 Jiangsu Torise biomaterials co., Ltd: Product Portfolio

Table 35 Jiangsu Torise biomaterials co., Ltd: Key Developments

Table 36 Novamont SpA: Overview

Table 37 Novamont SpA: Product Portfolio

Table 38 Novamont SpA: Key Developments

Table 39 SK Chemicals: Overview

Table 40 SK Chemicals: Product Portfolio

Table 41 SK Chemicals: Key Developments

Table 42 Eastman Chemical Company: Overview

Table 43 Eastman Chemical Company: Product Portfolio

Table 44 Eastman Chemical Company: Key Developments

Table 45 Willeap: Overview

Table 46 Willeap: Product Portfolio

Table 47 Willeap: Key Developments

List of Figures

Figure 1 Global Polybutylene Adipate Terephthalate (PBAT) Market Share, By Application, 2020 & 2028(%)

Figure 2 Global Polybutylene Adipate Terephthalate (PBAT) Market Share, By End-User, 2020 & 2028(%)

Figure 3 Global Polybutylene Adipate Terephthalate (PBAT) Market Share, By Region, 2020 & 2028(%)

Figure 4 Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 5 Global Polybutylene Adipate Terephthalate (PBAT) Market Y-o-Y Growth, By Application, 2020-2028(%)

Figure 6 Composite Bags: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 7 Cling Films: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 8 Bin Bags: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 9 Medical Clothing: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 10 Others: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 11  Global Polybutylene Adipate Terephthalate (PBAT) Market Y-o-Y Growth, By End-User, 2020-2028(%)

Figure 12 Packaging: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 13 Agriculture: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 14 Fishery: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 15 Consumer Goods: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 16 Coatings: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 17  Others: Global Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 18 Global Polybutylene Adipate Terephthalate (PBAT) Market Y-o-Y Growth, By Region, 2020-2028(%)

Figure 19 North America Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 20 North America Polybutylene Adipate Terephthalate (PBAT) Market Share, By Application, 2020 & 2028(%)

Figure 21 North America Polybutylene Adipate Terephthalate (PBAT) Market Share, By End-User, 2020 & 2028(%)

Figure 22 North America Polybutylene Adipate Terephthalate (PBAT) Market Share, By Country, 2020 & 2028(%)

Figure 23 South America Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 24 South America Polybutylene Adipate Terephthalate (PBAT) Market Share, By Application, 2020 & 2028(%)

Figure 25 South America Polybutylene Adipate Terephthalate (PBAT) Market Share, By End-User, 2020 & 2028(%)

Figure 26 South America Polybutylene Adipate Terephthalate (PBAT) Market Share, By Country, 2020 & 2028(%)

Figure 27 Europe Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 28 Europe Polybutylene Adipate Terephthalate (PBAT) Market Share, By Application, 2020 & 2028(%)

Figure 29 Europe Polybutylene Adipate Terephthalate (PBAT) Market Share, By End-User, 2020 & 2028(%)

Figure 30 Europe Polybutylene Adipate Terephthalate (PBAT) Market Share, By Country, 2020 & 2028(%)

Figure 31 Asia-Pacific Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 32 Asia-Pacific Polybutylene Adipate Terephthalate (PBAT) Market Share, By Application, 2020 & 2028(%)

Figure 33 Asia-Pacific Polybutylene Adipate Terephthalate (PBAT) Market Share, By End-User, 2020 & 2028(%)

Figure 34 Asia-Pacific Polybutylene Adipate Terephthalate (PBAT) Market Share, By Country, 2020 & 2028(%)

Figure 35 Middle East & Africa Polybutylene Adipate Terephthalate (PBAT) Market Value, 2020-2028(US$ Million)

Figure 36 Middle East & Africa Polybutylene Adipate Terephthalate (PBAT) Market Share, By Application, 2020 & 2028(%)

Figure 37 Middle East & Africa Polybutylene Adipate Terephthalate (PBAT) Market Share, By End-User, 2020 & 2028(%)

Figure 38 BASF SE: Financials

Figure 39 Lotte Fine Chemical Co., Ltd: Financials

Figure 40 Jinhui Zhaolong High Technology: Financials

Figure 41 Jiangsu Torise biomaterials co., Ltd: Financials

Figure 42 Novamont SpA: Financials

Figure 43 SK Chemicals: Financials

Figure 44 Eastman Chemical Company: Financials

Figure 45 Willeap: Financials

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