Polybutylene Succinate Market Trends

  • Report ID: 4150
  • Published Date: Aug 12, 2024
  • Report Format: PDF, PPT

Polybutylene Succinate Market Trends

Growth Drivers

  • Significant Utilization in Various Industries, such as, Chemical and Pharmaceutical
  • Growing Chemical Industry

Challenges

  • High Cost of Polybutylene Succinate in the Market

Polybutylene Succinate Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

19.5%

Base Year Market Size (2023)

USD 377.4 million

Forecast Year Market Size (2036)

USD 3.82 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 4150
  • Published Date: Aug 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of polybutylene succinate is evaluated at USD 436.27 million.

Polybutylene Succinate Market size was over USD 377.4 million in 2023 and is expected to exceed USD 3.82 billion by 2036, growing at over 19.5% CAGR during the forecast period i.e., between 2024-2036. Significant utilization in various industries such as chemical, pharmaceutical, and others will boost the market growth.

Asia Pacific industry is anticipated to hold largest revenue share by 2036, ascribed to exponentially rising demand for biodegradable products.

The major players in the market are Anqing Hexing Chemical Co., Ltd., Indorama Ventures Public Company Limited, Hangzhou Ruijiang Chemical Co., IKV Tribology Ltd., Setral Chemie GmbH, BASF SE, ECCO Gleittechnik GmbH, and others.
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