Increased awareness about environment safety and globally accepted regulations by companies have significantly increased demand for PBAT solutions, especially in the packaging and agriculture sector. Mounting demand for PBAT is due to the fact that it is biodegradable and doesn’t leave any harmful imprint on the environment.
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According to a study published by ETH Zurich, PBAT undergoes complete biodegradation in the soil over a period of 6 weeks, which makes it an ideal replacement for PE. Increasing research and innovation in nanocomposites are opening up new opportunities for market expansion. PBAT-based nanocomposites are prepared by melt blending PBAT with 5-10 weight % of clay nanoparticles.
Preliminary biocompatibility tests indicated that PBAT-based materials with 10% clay content possess good biological safety with almost no cytotoxicity. For this reason, such nanocomposites are being extensively studied for the manufacturing of medical devices and equipment.
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As per Fact.MR analysis, the global PBAT market will expand at an impressive CAGR of close to 9% from 2022 to 2030.
Fact.MR has studied the PBAT market with detailed segmentation on the basis of application, end use, and region.
|By End Use||
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Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of value (US$ Bn) and volume (Kilo Tons).
Market estimates at global and regional levels for PBAT are available in terms of “US$ Bn” for value and “Kilo Tons” for volume. A Y-o-Y growth contrast on prominent PBAT segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global PBAT market.
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Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the PBAT market during the forecast period.
Country-specific valuation on demand for PBAT has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
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In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of PBAT, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of PBAT has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the PBAT market. Prominent companies operating in this space include BASF SE, 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., WILLEAP, and Jiangsu Torise Biomaterials Co., Ltd.
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