US Polybutylene Succinate (PBS) Market by Process (Trans-Esterification, Direct Esterification), by Application (Packaging/Disposables, Agriculture, Textile, Automotive and Others), and Forecast 2019-2025.
The North American PBS market is estimated to grow at a CAGR of over 9.5% during the forecast period. The US is one of the major markets for PBS. Higher per capita economy, high usage of consumer electronics, automotive, plastic and packaging are the major factors for a significant market share in the region. Due to its desirable mechanical properties and biodegradable nature, the application area of PBS is expanding at a significant rate in the US. Therefore, the polymer is being considered as a renewable and economical substitute for conventional plastic parts with its remarkable chemical and mechanical properties. With the growth in major end-use industries which includes automotive, agriculture, and food packaging sector in the US, the market value for the PBS market is increasing in the country.
Moreover, the US is one of the key exporters of agricultural products to China, India and South Korea. This is expected to increase the demand for advanced packaging options, thereby increasing opportunities for driving the market during the forecast period. Polymers are being used in various industries including automotive, food packaging, and agriculture industry of the US. Food packaging companies are shifting towards biopolymers for packaging material due to growing environmental concerns and stringent government regulations. In addition, the food packaging industry is growing at a substantial rate in the US due to the growing import and export of packaged food to other countries which include China, South Korea, India, and other Asian nations.
The US PBS market is segmented on the basis of process and application. Based on the process, the market is segmented into trans-esterification and direct esterification. The direct esterification process had a significant share in the market in 2018. Direct esterification process is the most common process for preparing PBS and has several advantages such as the process that can be performed under atmospheric pressure and has a short reaction time. Whereas, the trans-esterification process is projected to grow at a considerable rate during the forecast period. The trans-esterification process is used by various food packaging manufacturers as it involves a green chemistry approach where enzymes as a catalyst are used to obtain environment-friendly polymeric materials.
PBS finds its applications in a number of industries including packaging/disposables, agriculture, textile, automotive and others. The packaging industry has significantly adopting biodegradable polymers to substitute non-biodegradable polymers such as polyethylene (PE), polypropylene (PP) and polystyrene plastics (PS). In the agriculture industry, PBS has been used for manufacturing plant pots and mulch films. The rising adoption of biodegradable mulch films is gaining significant importance in the region.
Research Methodology:
The market study of the US PBS market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
The report is intended for plastic manufacturers, third-party suppliers, traders, distributors, government organizations and regulatory agencies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, different products, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation:
1. US PBS Market Research and Analysis by Process
2. US PBS Market Research and Analysis by Application
The North American PBS market is estimated to grow at a CAGR of over 9.5% during the forecast period. The US is one of the major markets for PBS. Higher per capita economy, high usage of consumer electronics, automotive, plastic and packaging are the major factors for a significant market share in the region. Due to its desirable mechanical properties and biodegradable nature, the application area of PBS is expanding at a significant rate in the US. Therefore, the polymer is being considered as a renewable and economical substitute for conventional plastic parts with its remarkable chemical and mechanical properties. With the growth in major end-use industries which includes automotive, agriculture, and food packaging sector in the US, the market value for the PBS market is increasing in the country.
Moreover, the US is one of the key exporters of agricultural products to China, India and South Korea. This is expected to increase the demand for advanced packaging options, thereby increasing opportunities for driving the market during the forecast period. Polymers are being used in various industries including automotive, food packaging, and agriculture industry of the US. Food packaging companies are shifting towards biopolymers for packaging material due to growing environmental concerns and stringent government regulations. In addition, the food packaging industry is growing at a substantial rate in the US due to the growing import and export of packaged food to other countries which include China, South Korea, India, and other Asian nations.
The US PBS market is segmented on the basis of process and application. Based on the process, the market is segmented into trans-esterification and direct esterification. The direct esterification process had a significant share in the market in 2018. Direct esterification process is the most common process for preparing PBS and has several advantages such as the process that can be performed under atmospheric pressure and has a short reaction time. Whereas, the trans-esterification process is projected to grow at a considerable rate during the forecast period. The trans-esterification process is used by various food packaging manufacturers as it involves a green chemistry approach where enzymes as a catalyst are used to obtain environment-friendly polymeric materials.
PBS finds its applications in a number of industries including packaging/disposables, agriculture, textile, automotive and others. The packaging industry has significantly adopting biodegradable polymers to substitute non-biodegradable polymers such as polyethylene (PE), polypropylene (PP) and polystyrene plastics (PS). In the agriculture industry, PBS has been used for manufacturing plant pots and mulch films. The rising adoption of biodegradable mulch films is gaining significant importance in the region.
Research Methodology:
The market study of the US PBS market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Authentic public databases such as US Department of Agriculture, and the Canadian Plastic Industry Association, among others.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
- Annual reports and forward-looking statement of key manufacturers
The report is intended for plastic manufacturers, third-party suppliers, traders, distributors, government organizations and regulatory agencies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, different products, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation:
1. US PBS Market Research and Analysis by Process
2. US PBS Market Research and Analysis by Application
Companies Mentioned
A selection of companies mentioned in this report includes:
- GC Innovation America Corp
- Koninklijke DSM N.V
- Mitsubishi Chemical Corp.
- Showa Denko Kk
- SK Chemicals Co., Ltd
- The Dow Chemical Co
