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Polybutylene Succinate Market Share

  • Report ID: GMI9068
  • Published Date: Apr 2024
  • Report Format: PDF

Polybutylene Succinate Market Share

In the competitive landscape of the market, several key players vie for market share, each bringing unique strengths and capabilities to the forefront. Mitsubishi Chemical Group stands out as a prominent player, leveraging its extensive research and development infrastructure to innovate and produce high-quality PBS products. Similarly, Hengli Group, with its robust manufacturing capabilities and broad product portfolio, competes aggressively in the market, particularly in the Asia Pacific region where it enjoys a strong foothold.
 

Anhui Sealong Biotechnology Co., Ltd. and Shandong Landian Biological Technology Co., Ltd. are notable contenders, specializing in bio-based PBS production, capitalizing on the growing demand for sustainable materials. GYC Group and Chang Chun Group also command significant market presence, offering diverse PBS formulations tailored to specific industry requirements.
 

In the realm of packaging, Grounded Packaging emerges as a key player, known for its innovative sustainable packaging solutions leveraging PBS. Vizag Chemicals, Reverdia, and Roquette are renowned for their bio-based PBS offerings, catering to industries prioritizing environmental sustainability. Additionally, Waycoo Chem is a notable competitor, focusing on technological advancements and cost-effective production methods to enhance market competitiveness.
 

Polybutylene Succinate Market Companies

Major players operating in the market include:

  • Anhui Sealong Biotechnology Co., Ltd.
  • Chang Chun Group
  • Grounded Packaging
  • GYC Group
  • Hengli Group
  • Mitsubishi Chemical Group
  • Reverdia
  • Roquette
  • Shandong Landian Biological Technology Co., Ltd.
  • Vizag Chemicals
  • Waycoo Chem
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global polybutylene succinate market was valued at USD 115 million in 2023 and is set to grow at a 12.2% CAGR between 2024 and 2032, attributed to its versatile applications and environmental benefits.

Bio-based polybutylene succinate market size was USD 65.35 million in 2023 and is expected to grow at over USD 179 million by 2032, driven by the increasing demand for sustainable materials.

Asia Pacific market generated a revenue of USD 44.1 million in 2023 and is set to grow rapidly by 2032, driven by rapid urbanization, and growing consumer demand for sustainable packaging solutions.

Anhui Sealong Biotechnology Co., Ltd., Chang Chun Group, Grounded Packaging, GYC Group, Hengli Group, Mitsubishi Chemical Group, and Reverdia among others.

Polybutylene Succinate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 300
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