세계의 폴리부틸렌 아디페이트 테레프탈레이트(PBAT) 시장 규모, 점유율, 성장 분석 : 등급별, 용도별, 최종 이용 산업별, 지역별 - 산업 예측(2025-2032년)

Global Polybutylene Adipate Terephthalate Market size was valued at USD 1.6 billion in 2023 and is poised to grow from USD 1.75 billion in 2024 to USD 3.53 billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).

The polybutylene adipate terephthalate (PBAT) market is significantly influenced by several key factors, including demand from the packaging and consumer goods sectors, as well as an increasing focus on sustainability and stringent environmental regulations. The shift towards eco-friendly packaging solutions has led manufacturers to prefer PBAT for its flexibility, making it ideal for applications such as food wraps and containers. Additionally, rising regulatory pressures in various regions are prompting industries to reduce their carbon footprints and adopt biodegradable materials. Furthermore, ongoing investments and technological advancements are enhancing the performance of PBAT, facilitating its application across diverse industries, and fostering innovation in material formulations, thereby shaping a positive outlook for the market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Polybutylene Adipate Terephthalate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Polybutylene Adipate Terephthalate Market Segments Analysis

Global Polybutylene Adipate Terephthalate Market is segmented by Grade, Application, End-Use Industry and region. Based on Grade, the market is segmented into Extrusion Grade, Thermoforming Grade and Other Grades. Based on Application, the market is segmented into Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers and Other Applications. Based on End-Use Industry, the market is segmented into Packaging, Consumer Goods, Agriculture, Bio-Medical and Other End-Use Industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Polybutylene Adipate Terephthalate Market

The global market for Polybutylene Adipate Terephthalate (PBAT) is significantly influenced by a growing focus on sustainability and stringent environmental regulations. As governments and businesses increasingly prioritize the reduction of plastic waste, there is a noticeable shift towards biodegradable materials. Regulations that limit single-use plastics and promote compostable packaging are prompting manufacturers to adopt PBAT, aligning with both regulatory requirements and consumer preferences for eco-friendly products. This shift fosters trends that favor sustainable alternatives, particularly in packaging and agricultural sectors, leading to heightened innovation, investment, and adoption of PBAT, all of which contribute to advancing a circular economy and supporting environmental objectives.

Restraints in the Global Polybutylene Adipate Terephthalate Market

The global polybutylene adipate terephthalate market faces significant constraints due to the high costs associated with production and raw materials. The production of PBAT is energy-intensive and relies heavily on expensive inputs such as adipic acid, terephthalic acid, and butanediol. These elevated costs diminish the price competitiveness of PBAT compared to traditional plastics, particularly in markets where price sensitivity is a major factor. Additionally, the need for substantial capital investment in manufacturing facilities, utility infrastructure, and advanced technology adds another layer of difficulty, creating a financial barrier for both new entrants and established producers looking to expand their operations.

Market Trends of the Global Polybutylene Adipate Terephthalate Market

The Global Polybutylene Adipate Terephthalate (PBAT) market is witnessing a significant trend towards the increased incorporation of bio-based feedstocks, transitioning from traditional fossil-based inputs to renewable materials such as waste biomass and molasses. This shift is driven by advancements in biomass-balanced production technologies and certified mass-balance processes that focus on reducing carbon footprints and reliance on non-renewable resources while maintaining high product quality and performance standards. This trend aligns with sustainability objectives and circular economy initiatives, offering producers the opportunity to deliver certified compostable PBAT solutions that do not compromise processing efficiency or application requirements, thus enhancing their competitive edge in a growing eco-conscious market.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies

Global Polybutylene Adipate Terephthalate Market Size by Grade & CAGR (2025-2032)

• Market Overview
• Extrusion Grade
• Thermoforming Grade
• Other Grades

Global Polybutylene Adipate Terephthalate Market Size by Application & CAGR (2025-2032)

• Market Overview
• Films, Sheets & Bin Liners
• Coatings & Adhesives
• Molded Products
• Fibers
• Other Applications

Global Polybutylene Adipate Terephthalate Market Size by End-Use Industry & CAGR (2025-2032)

• Market Overview
• Packaging
  • Food Packaging
  • Non-Food Packaging
• Consumer Goods
• Agriculture
  • Mulch Films
  • Netting
• Bio-Medical
• Other End-Use Industries

Global Polybutylene Adipate Terephthalate Market Size & CAGR (2025-2032)

• North America (Grade, Application, End-Use Industry)
  • US
  • Canada
• Europe (Grade, Application, End-Use Industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Grade, Application, End-Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Grade, Application, End-Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Grade, Application, End-Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• BASF Se
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kingfa Sci & Tec Co
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Novamont S.P.A
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Go Yen Chemical Industrial Co., Ltd. (Gyc Group)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Anhui Jumei Biotechnology Co., Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chang Chun Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hangzhou Peijin Chemical Co., Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Jinhui Zhaolong Advanced Technology Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsui Plastics, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Willeap
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zhejiang Biodegradable Advanced Material Co., Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dongguan Xinhai Environmental-Friendly Material Co., Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Green Science Alliance
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hengli Petrochemical
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Junyuan Petroleum Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kd. Feddersen & Co.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lotte Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nanjing Baitong New Material Co. Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Orinko Advanced Plastics Co. Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Qingdao Zhoushi Plastic Packaging Co. Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations