Increased awareness about environment safety and globally accepted regulations by companies have significantly increased demand for PBAT solutions, especially in the packaging and agriculture sector. Mounting demand for PBAT is due to the fact that it is biodegradable and doesn’t leave any harmful imprint on the environment. According to a study published by ETH Zurich, PBAT undergoes complete biodegradation in the soil over a period of 6 weeks, which makes it an ideal replacement for PE. Increasing research and innovation in nanocomposites are opening up new opportunities for market expansion.
PBAT-based nanocomposites are prepared by melt blending PBAT with 5-10 weight % of clay nanoparticles. Preliminary biocompatibility tests indicated that PBAT-based materials with 10% clay content possess good biological safety with almost no cytotoxicity. For this reason, such nanocomposites are being extensively studied for the manufacturing of medical devices and equipment.
For More Insights Into The Market, Request a Sample of this Report –https://www.factmr.com/connectus/sample?flag=S&rep_id=3218
As per Fact.MR analysis, the global PBAT market will expand at an impressive CAGR of close to 9% from 2020 to 2030.
Key Takeaways from Market Study
“Integration of nanocomposites with improved mechanical properties and best standards will provide an opportunity for PBAT manufacturers over the coming years,” says a Fact.MR analyst.
Share Your Requirements & Get Customized Reports –https://www.factmr.com/connectus/sample?flag=RC&rep_id=3218
Globally established PBAT players are BASF SE, Novamont S.p.A., and JinHui ZhaoLong High Technology Co., Ltd. Key players are continuously focusing on capacity expansion in order to meet increasing demand. Strict regulations and ban on single-use plastics by various governments all across the globe have resulted in global players collaborating with other companies to penetrate into untapped markets and provide reliable solutions to their clients.
For instance, in May 2020, BASF SE and Red Avenue New Materials Group signed a joint agreement that grants the latter the license to manufacture and sell certified PBAT using BASF`s process technology. For that purpose, Red Avenue New Material Group has agreed to build a 60,000 ton PBAT plant in Shanghai in exchange for the access to raw material from BASF. Production from the new plant is expected to start in 2022.
More Valuable Insights
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global PBAT market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the market based on application (compost & garbage bags, cling films, mulch film, medical accessories, and others) and end use (packaging, agriculture & horticulture, consumer & homecare, coatings, and others) across six major regions of the world.
About the Chemicals & Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Chemicals & Materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the Chemicals & Materials industry across 50+ countries for over a decade.
More Chemical Industry Market Reports from Fact.MR
N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide Market– Global sales of N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide were estimated at over 11,500 tons in 2018, and are projected to record a CAGR of over 4.0% through 2029. East Asia will continue to lead the N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide market, upheld by the ceaseless demand for emission control catalysts in diesel engines in the automotive industry.
Colloidal Silica Market– Global sales of colloidal silica were valued at over US$ 800 Mn in 2018, with gains primarily driven by growing applications in coatings, electronics, and construction industries. End-users continue to show a marked preference for colloidal silica of size up to 50 nm, in light of their clear dispersions and larger specific surface areas.
Lubricant Antioxidants Market– Lubricant antioxidants market revenues reached US$ 1.6 billion in 2018 on back of growing focus on improving the efficiency and expanding the lifespan of lubricants. The lubricant antioxidants market is set to witness 3% y-o-y in 2019 over 2018. The long-term outlook on the market is also bullish, with our estimates suggesting a CAGR of 3.6% between 2018 and 2028.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.