Reports and Data’s latest industry analysis report titled ‘Global Polybutyrate Market’ provides the reader with an exhaustive overview of the Global Polybutyrate industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments. The report’s ‘COVID-19 Impact Study’ section focuses on the profound impact of the global pandemic on the materials chemicals market, throwing light on the key challenges the industry players are currently facing. The report further analyzes other crucial aspects of the market, such as product pricing structure, product portfolios, end-use industries, sales statistics, distribution channels, and upcoming industry trends.

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Top companies profiled in the report include: 

BASF SE, Lotte Fine Chemicals Co. Ltd., Nova SPA, Eastman Chemical Company, Far Eastern New Century Corporation, Biome Bioplastics, WILLEAP, Jiangsu Torise biomaterials Co. Ltd., Toray Industries, and Danimer Scientific, among others.

Further key findings from the report suggest:

By raw materials, terephthalic acid held a substantial market share in 2018 and is expected to grow at a considerable rate in the forecast period.

By application, composite bags contributed to the largest market share in 2018 and is expected to witness a CAGR of 13.3% in the forecast period. Global Polybutyrate possesses properties similar to HDPE (High-density polyethylene). The product has a low tensile and high elongation at break. Primarily it is used in food packaging industries owing to its compost ability property.

Europe dominated the market in 2018 and is expected to grow at a rate of 13.9% in the period 2019-2026. The market dominance of Europe is owing to the growth of end-user industries, such as the packaging, coatings, and consumer goods industry, among others.

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Market Overview:

Increasing consumer inclination towards sustainability and thus considering products based on criteria such as circularity and carbon footprint is expected to change materials and chemical market trends during in the coming years.  The growing consumer concern about carbon emissions has prompted industry players to make investment in renewable energy, de-carbonization of transportation, and energy efficiency. These trends are expected to have a significant impact end markets for chemicals, notably in construction and automotive.

Increasing focus of the materials and chemical companies on adoption of de-carbonization technologies, re-examination of their assets, and diversification away from hydrocarbons to some extent will favor global Global Polybutyrate market growth during the forecast period.

Global Global Polybutyrate Market Segmentation:

Raw Materials Outlook:

1,4-Butanediol

Adipic Acid

Terephthalic Acid

Application Outlook:

Composite Bags

Cling Films

Bin Bags

Scrubs

Mulch Films

Others

Major Regions Studied in the Report Include:

North America, Europe, Asia Pacific, Latin America, and Middle East Africa.

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