Polybutylene succinate Trends, Analysis and Industry Forecast, 2022–2032
The demand for polybutylene succinate is expected to reach US$ 76.4 billion in 2022 and is projected to increase at a CAGR of 7.5% to reach US$ 158 billion from 2022 to 2032. Growth is linked to rising demand for polybutylene succinate, particularly across end-use industries like agriculture, packaging, and biomedicine. Polybutylene succinate (PBS), also referred to as polytetramethylene succinate, is a biodegradable thermoplastic polyester resin synthesized by polycondensation of succinic acid with 1, 4 butanediol. Polybutylene succinate belongs to the family of biodegradable polymers, and is metabolized by microorganisms present in the ground. Moreover, Polybutylene succinate is characterized by mechanical properties that are comparable with those of widely used polymers such as polyethylene and polypropylene. The favorable properties coupled with ease of processing has resulted in emergence of a variety of application areas across diverse end use industries for Polybutylene suc