U.S. markets close in 1 hour 33 minutes
  • S&P 500

    4,281.13
    +7.09 (+0.17%)
     
  • Dow 30

    33,938.88
    -41.44 (-0.12%)
     
  • Nasdaq

    12,969.60
    +31.48 (+0.24%)
     
  • Russell 2000

    1,994.55
    +7.23 (+0.36%)
     
  • Crude Oil

    91.05
    +2.94 (+3.34%)
     
  • Gold

    1,772.30
    -4.40 (-0.25%)
     
  • Silver

    19.44
    -0.29 (-1.47%)
     
  • EUR/USD

    1.0089
    -0.0091 (-0.90%)
     
  • 10-Yr Bond

    2.8860
    -0.0070 (-0.24%)
     
  • GBP/USD

    1.1930
    -0.0121 (-1.00%)
     
  • USD/JPY

    135.8350
    +0.7450 (+0.55%)
     
  • BTC-USD

    23,295.91
    -191.89 (-0.82%)
     
  • CMC Crypto 200

    556.07
    -1.67 (-0.30%)
     
  • FTSE 100

    7,541.85
    +26.10 (+0.35%)
     
  • Nikkei 225

    28,942.14
    -280.63 (-0.96%)
     

Mainstream Production of Bio-based Polyesters over Coming Years to Ensure Higher Profit Margins, States Fact.MR

·7 min read
FACT.MR
FACT.MR

Expansion of New Production Facilities in Untapped Markets and Prominent Research and Development to Diversify Product Lines

United States, Rockville MD, Aug. 01, 2022 (GLOBE NEWSWIRE) -- As per a newly released report on bio-based polyesters by Fact.MR, a market research and competitive intelligence provider, the global market is valued at US$ 2.1 billion by 2022 and is anticipated to surge ahead at a CAGR of 16% over the forecast period of 2022-2032.

Enhanced ability of polyesters to maintain their properties at extreme conditions and provide fine-tune formulations for fulfilling specific end-use application requirements without affecting or interchanging other key performance properties are the major drivers of market growth.

For Critical Insights on Bio-based Polyester Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=5384

Bio-based polyester is a major component of the widely spread bioplastics market catering to the demands of huge industries such as medical and pharmaceuticals, packaging, textiles, and agriculture. Bio-based polyesters are widely used as feedstock for the injection moulding of single-use items such as food and drink containers. Other uses in packaging materials include garbage bags, soil retention sheathing, and basic packing material.

The rise in bio polyester demand in several industries such as medical and pharmaceuticals, textiles, automotive, agriculture, and packaging is anticipated to provide strong support to the growth of the market throughout the assessment period. Though coronavirus impacted industry expansion, the market has rebounded and is set to surge ahead over the coming years.

Why is the U.S. a Large Market for Bio-based Polyesters?

U.S. domestic manufacturers are focusing more on the country's supply chain gaps by forming joint ventures and strategic relationships with small-scale businesses involved in the packaging and textile industries, as well as third-party distributors.

Global market players, on the other hand, are concentrating on developing long-term partnerships with end-use industries by providing generous margins to build a brand reputation in the market. To maximize their income from sales, well-known U.S. manufacturers are also seeking to reduce their manufacturing costs by implementing cutting-edge production technologies.

Due to strong disposable income and government stimulus funds that increased bio-based polyester demand, and, in turn, increased the sales of bio-based polyesters in the U.S., the packaging business also saw great growth over time.

Because there are fewer producers in the market, new entrants employ high price points to boost their profit margins. The U.S. bio-based polyester market is anticipated to expand at a CAGR of 17.6% and reach US$ 2.3 billion by 2032.

To learn more about Bio-based Polyester Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=5384

Key Segments Covered in the Bio-based Polyester Industry Survey

  • By Source :

    • Starch

    • Cellulose

    • Glucose

    • Sucrose

    • Fatty Acids

    • Others (Incl. Waste Water)

  • By Nature :

    • Aliphatic Polyester

    • Aromatic Polyester

  • By Product Type :

    • Bio-based Polyethylene Terephthalate (PET)

    • Polylactic Acid (PLA)

    • Polytrimethylene Terephthalate (PTT)

    • Polyglycolic Acid (PGA)

    • Monoethylene Glycol (MEG)

    • Polyhydroxybutyrate (PHB)

  • By End-Use Industry :

    • Medial/Pharmaceuticals

      • Drug Delivery Systems

      • Wound Closure

      • Surgical Sutures

      • Implants

      • Tissue Engineering

    • Textiles

    • Automotive

    • Agriculture

      • Soil Retention Sheathing

      • Others

    • Packaging

      • Disposable Cup Manufacturing

      • Waste Bag Manufacturing

      • Others

    • Others

Competitive Landscape

Top bio-based polyester manufacturers are BASF, Biomer, Corbion, Dupont, Gevo, Mitsui, NatureWorks, Novamont, Novomer, Perstorp, Solvay, Teijin Ltd., and Toray Industries Inc.

The focus of major companies should be on resource and cost optimization, which will reduce incidental costs and increase the firm's total profitability. Leading producers of bio-based polyesters should collaborate with end users, including medical and packaging companies, to increase their volume sales.

Fact.MR has provided detailed information about the price points of key manufacturers of bio-based polyesters positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Get Customization on Bio-based Polyester Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5384

Key players in the Bio-based Polyester Market

  • BASF

  • Biomer

  • Corbion

  • Dupont

  • Gevo

  • Mitsui

  • NatureWorks

  • Novamont

  • Novomer

  • Perstorp

Key Takeaways from Bio-based Polyester Market Study

  • By product type, bio-based polyethylene terephthalate is projected to provide an absolute $ opportunity of US$ 4.67 billion over the forecast period (2022-2032).

  • Bio-based polylactic acid is anticipated to account for 18.1% market share by 2032.

  • By nature, utilization in aromatic polyester production is anticipated to reach US$ 6.54 billion in market value by 2032.

  • North America is projected to capture around 29% of the global bio-based polyester market share by 2032.

  • Europe is expected to provide an absolute dollar opportunity worth US$ 2.77 billion by 2032-end.

Fact.MR’s Domain Expertise in Chemicals and Materials Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and 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 analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Explore More Chemical and Materials Industry Reports:

Abrasives Market- The global abrasives market was valued at US$ 54.03 Bn in 2020. Consumption of abrasives is expected to increase at a CAGR of 5.5% to reach a market valuation of US$ 97.7 Bn by the end of 2031.

Biodiesel Market- The global biodiesel market reached a valuation of US$ 90.4 Bn in 2020. Demand for biodiesel is slated to rise at a CAGR of 6.9% to reach US$ 187.6 Bn by the end of 2031.

Agricultural Fumigants Market- The global Agricultural Fumigants Market is estimated at US$ 1 Bn in 2022 and is projected to reach a valuation of US$ 1.4 Bn by 2032, expanding at a CAGR of 2.8% through the forecast period of 2022-2032.

Cryogenic Ethylene Market- Worldwide consumption of cryogenic ethylene is estimated at US$ 4.78 Bn in 2022. Detailed industry analysis has revealed that, the global cryogenic ethylene market is forecast to reach a valuation of US$ 11.53 Bn by 2032, expanding at a CAGR of 9.2% during 2022-2032.

Anticoagulant Rodenticides Market- The global Anticoagulant rodenticides Market is estimated at US$ 720.4 Mn in 2022 and is projected to reach a valuation of US$ 1.4 Bn by 2032, expanding at a CAGR of 3.3% through the forecast period of 2022-2032.

Flock Adhesives Market- The global Flock Adhesive market is projected to reach a valuation of US$ 4.6 Bn by 2032, expanding at a CAGR of 5.5% through the forecast period of 2022-2032.

Aroma Chemicals Market- The market for aroma chemicals is expected to grow at a CAGR of 4.7% between 2022 and 2032, from US$ 5,127 Million in 2022 to reach US$ 8,115.52 Million in 2032.

Demulsifiers Market- Demulsifiers Market Value is projected to reach US$ 3.25 Bn by 2032-end, increasing at a CAGR of around 3.4% over the decade. Global demand for demulsifiers increased year-on-year (YoY) at 1.7% in 2021 to reach a market valuation of US$ 2.28 Bn at the end of 2021.

Bonded Magnet Market- The global bonded magnet market is estimated at US$ 5.1 Bn in 2022, and is forecast to reach a valuation of US$ 10.9 Bn by 2032, expanding at an impressive CAGR of 7.8% from 2022 to 2032.

Super Absorbent Polymers Market- The global super absorbent polymers (SAP) market saw steady growth at 3.5% CAGR over the past half-decade and is set to be valued over US$ 6 Bn in 2022. Detailed industry analysis reveals that worldwide super absorbent polymer consumption is predicted to increase at 4.9% CAGR to reach a valuation of US$ 9.7 Bn by 2032.

About Us:
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.

Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter