The global Polybutylene Adipate Terephthalate (PBAT) market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Factors such as rapidly expanding global population, increasing awareness about biodegradable plastic, and high demand for PBAT across various sectors including packaging, agriculture fishery, consumer goods, and homecare and coatings.
Polybutylene Adipate Terephthalate (PBAT), also called poly (butylene adipate-co-terephthalate) is a biodegradable, semi-aromatic thermoplastic copolyester produced from random co-polymerization of 1,4 butanediol, adipic acid, and DMT monomers. PBAT is highly preferred over other plastic products due to its properties such as biodegradability, high heat resistance, and mechanical strength. These properties of PBAT make it an ideal choice for manufacturers to make biodegradable products to cater to rising environmental concerns caused by conventional plastics. Polybutylene Adipate Terephthalate is marketed as a fully biodegradable substitute for low-density polyethylene. PBAT is very tough and highly flexible and is thus used in a wide range of applications such as packaging, industrial composting, agriculture and fisheries, consumer goods, and hygiene products. It is used for making consumer products, foam materials, bin bags, composite bags, mulch films, cling films, and stabilizers. The polybutylene adipate terephthalate material and products are rapidly gaining popularity owing to increasing adoption of biodegradable plastics across the globe, growing environmental awareness, increasing demand for high quality food and high preference for soil-biodegradable mulch films for farming.
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Top Players in the Global Polybutylene Adipate Terephthalate (PBAT) Market:
- BASF SE
- Feddersen Group
- 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.
- Jiangsu Torise biomaterials co., Ltd.
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Market segmentation based on Application Outlook:
- Composite Bags
- Bin Bags
- Mulch Films
- Cling Films
End Use Outlook:
- Agriculture Fishery
- Consumer Goods and Homecare
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Polybutylene Adipate Terephthalate (PBAT) market over the forecast period?
- What are the major factors driving the global market revenue growth?
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