Bio- PBS is a thermosetting plastic which is used in applications such as packaging, and others. It is manufactured from bio- succinic acid. Bio- succinic acid is produced by the fermentation of starch. Also, manufacturers of bio- based feedstock are focusing on research and development to seek various methods of manufacturing bio- succinic acid. The used of bio- based feedstock increases the durability of the material in which it is used. With the increasing consumption of bio- PBS from various industries, its demand is expected to increase in the coming years.
Bio- PBS is classified into its applications such as packaging, and others, bio- PBS is primarily used for manufacturing durable goods, medical devices & equipment, automotive interiors, electronic housing, and others. Also, use of bio- based packaging offers better value in terms of functionality, quality, and performance. On the other hand, bio- based automotive components possess high performance characteristics. Moreover, it also act as an alternative for petroleum based products, which in turn is the major cause behind its increasing demand from industries, such as food & beverage, medical devices, agriculture among others. The global market is projected to grow at a CAGR of xx.x% during 2014-2019.
This market research study provides a detailed qualitative and quantitative analysis of the global Bio- PBS market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the Bio- PBS market. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
Competitive scenarios of the top players in the global market have been discussed in detail. Leading players of this industry with their recent developments and other strategic industry activities are also covered in the report. Companies, such as BASF SE, Borealis Agrolinz Melamine GMBH, Mitsui Chemicals Inc, Ineos Melamines, Chemipastica SPA, Allnex Belgium SA, Eurotecnica, Qatar Melamine Company, Chimica Pomponesco SPA, Hexa Corporation Berhad, and other are operating in this market
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