Polybutylene Succinate Market Share

Regionally, the global polybutylene succinate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Asia Pacific industry is estimated to dominate majority revenue share by 2037, ascribed to exponentially rising demand for biodegradable products. Moreover, the growing utilization of polybutylene succinate in the interior automotive units is also anticipated to hike the growth of the market in the region. China has been anticipated to dominate the automotive industry over the forecast period. For instance, in 2021, approximately 20 million passenger cars were manufactured solely in China. Such factors are expected to foster the growth of the market in the region during the forecast period.

Furthermore, the global market is also anticipated to grow rapidly in the North America region on the back of similar factors, such as, increasing demand for polybutylene succinate-based products and the constantly developing automotive industry. Therefore, all these factors are projected to influence the growth of the market in the region positively throughout the forecast period.