The global polybutylene succinate market is growing at a considerable CAGR of 9.3% during the forecast period (2021-2027). PBS is a thermoplastic polymer resin synthesized from poly-condensation of succinic acid and 1-4 butanediol (BDO). The market growth is mainly attributed to the high use of PBS in several industries for several applications across the globe. It is used in producing plastic by using biopolymer compounds and is also used in other degradable products to the various industries such as packaging/disposables, agriculture, fibers/nonwoven, automotive, and others. PBS decomposes into water and carbon dioxide with the microorganism under the soil and has high heard resistance and flexibility as compared to other general biodegradability resin. These are also estimated to be cost-effective polymers and are better alternatives to biopolymers such as PLA, PBAT, and PHB. Due to its oil migration resistance at elevated temperatures and compostability properties, PBS is estimated to be a preferable alternative over other chemicals.

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The global polybutylene succinate market is hardly hit by the COVID-19 pandemic since December 2019. The outbreak of COVID-19 in the major economies has disrupted the manufacturing and supply of polybutylene succinate across the globe which resulted in a decrease in market share. Due to the enforced lockdown imposed by the coronavirus (COVID-19) pandemic, several packaging facilities, as well as food and pharmaceutical companies, were forced to close across the globe. The fall in shipment exports and slow domestic demand in the field of agriculture, packaging, and automotive industries also negatively affected the market growth. Due to the polybutylene succinate is primarily used in the packaging, pharmaceutical, and food & beverage industries, the COVID-19 pandemic is limiting the growth of the polybutylene succinate market. In addition to this, lack of workforce availability, logistics also hindered the growth of the market.

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The global polybutylene succinate market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan South Korea, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). North America is estimated to have a significant share in the market. Increasing demand for bio-based materials for application in the automotive sector, stringent government regulations use of bio-based plastics in the countries like the US, and use of PBS in wide applications are some of the factors that fuel the growth of the polybutylene succinate market in North America region.

Global Polybutylene Succinate (PBS) Market – Segmentation
by Process
Trans-Esterification
Direct Esterification
by Application
Packaging/Disposables
Agriculture
Fibers/Non-Woven
Automotive
Others

Global Polybutylene Succinate (PBS) Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Anqing He Xing Chemical Co., Ltd.
BASF SE
BioAmber Inc
BioAmber Inc.
Eastman Chemical Co.
Genomatica, Inc
Kingfa Science & Technology Co.
Koninklijke DSM N.V.
Mitsubishi Chemical Corp.
NaturePlast
PTT MCC Biochem Co., Ltd.
Reverdia VOF
Showa Denko K.K.
Succinity GmbH
The Dow Chemical Co.
Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd.

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