iCrowd Newswire
07 Nov 2019, 03:45 GMT+10
WiseGuyReports.Com Publish a New Market Research Report On –" Poly (Butylene Adipate-Co-Terephthalate) Market 2019 Major Manufacturers Analysis And Industrial Applications Forecasts to 2022".
Poly (Butylene Adipate-Co-Terephthalate) Market 2019
Description: -
Poly (Butylene Adipate-Co-Terephthalate) (PBAT) is a plastic produced from 1, 4 butanediols, dimethyl terephthalate and adipic acid. It is transparent, biodegradable, and compostable in nature and can be used in extrusion and injection molding processes. Globally, PBAT has a range of applications as composite bags, bin bags, mulch films, cling films, stabilizers, and others with the end use in industry such as packaging, agriculture & fishery, consumer goods, coatings, and others.
The global PBAT market is being driven by various factors such as increasing application in packaging industry coupled with rising government policies toward green procurement. A significant increase in the plastic packaging production and sales, specifically in emerging economies of Europe, the Asia Pacific and Latin America such as France, Germany, the U.K, Italy, China, India, Thailand, South Korea, Brazil, Mexico, and Argentina are set to propel the market growth over the forecast period. Better economic situation and consumer preference toward environment-friendly products have resulted in the increasing demand for PBAT. In addition to this, the major initiatives taken by the government and non-government organizations across the globe towards reducing pollution is set to uplift the demand over the next seven years. As per the MRFR analysis, the global PBAT market is estimated to reach USD 636.96 million by 2023 at a CAGR of 14.89% over the forecast period due to aforementioned factors that fuel the overall market.
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Key Players
Some of the key players in the global PBAT market are Lotte Fine Chemical Co., Ltd., BASF SE, SK Chemicals, Novamont S.p.A., Eastman Chemical Company, WILLEAP, Jinhui Zhaolong High Technology, Jiangsu Torise biomaterials co., ltd, and Far Eastern New Century Corporation.
The report stems from an extensive study of the recent trends that are prevalent in the industry. The report contains a brief but detailed overview, which comprises fundamental applications, the manufacturing methods employed and market definition. With the intention to understand the intricacies of the global Poly (Butylene Adipate-Co-Terephthalate) market, data analysts have examined the competitive landscape coupled with the latest industry trends in various regions across the globe. The report also provides the price margins of the product combined with the issues faced by the manufacturers within the market. Apart from this, the report offers extensive information about various dynamics that shape the Poly (Butylene Adipate-Co-Terephthalate) market. It gives the client an insight into the market conditions with 2019 as the base year, and the forecast period ends by 2023.
Drivers and Barriers
On top of offering an analysis of the fundamental aspects of the global Poly (Butylene Adipate-Co-Terephthalate) market, the report also studies the number of volume trends as well as the pricing history and the market value. Multiple potential growth factors, barriers, and opportunities are evaluated to get a tight grasp of the entire market.
Regional Description
In the report, experts not only analyze and forecast the Poly (Butylene Adipate-Co-Terephthalate) market based on a global scale but also a regional basis. Considering every aspect of the market in terms of the regions, the report mainly focuses on Europe, Middle East & Africa, Latin America, Asia Pacific, and North America. The prevalent trends and numerous opportunities in these regions are studied that can induce market growth during the forecast period.
Method of Research
To provide the market status throughout the forecast period, the study is conducted with respect to several parameters that are part of the Porter's Five Force Model. Also, data experts make use of the SWOT-based method, which helps them provide explicit details about the Poly (Butylene Adipate-Co-Terephthalate) market. The in-depth survey of the market helps accentuate its primary strengths, opportunities, weaknesses, as well as risks. Armed with a dedicated and dynamic team of experts, the report helps the clients by offering them with trusted information in line with the latest methodologies.
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Table Of Contents – Major Key Points
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