Shower Enclosure and Cubicles Market Outlook Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2029

May 28, 2023

Over the last few years, there has been surge in growth of the chemical industry. In addition to this, polybutylene succinate are largely employed in the packaging, pharmaceutical, and food and beverages industry, which further boosts the market growth over the forecast period. Moreover, it is emerging as a substitute for polypropylene (PP) and polyethylene terephthalate (PET), which also boosts the market growth rate.

Global Polybutylene succinate (PBS) Market was valued at USD 71.23 billion in 2021 and is expected to reach USD 124.69 billion by 2029, registering a CAGR of 7.25% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.Polybutylene succinate is becoming more widely used in agricultural applications, such as mulch films. Mulch films are commonly used to change soil temperature, control weed development, and reduce moisture loss, and increase crop yield and precociousness. Governments are also investing extensively in agricultural projects and investments because it is one of the most effective ways to improve environmental sustainability. The European government has implemented initiatives such as the Common Agricultural Policy (CAP) and Young Farmers. The government announced the formation of an animal husbandry infrastructure development fund worth Rs. 15,000 crore (US$ 2.13 billion) in May 2020. As a result, the government's many agricultural efforts are boosting the agricultural sector in various locations. And, as the agricultural sector grows, so will the demand for polybutylene succinate to make mulch films, which will act as a growth driver for the polybutylene succinate market during the projection period.

Furthermore, the need for polybutylene succinate to manufacture critical electrical and electronic components has increased, which is projected to promote the growth of the polybutylene succinate market. The increasing plastics industry is predicted to boost total demand for polybutylene succinate during the projection period. Furthermore, the polybutylene succinate market is predicted to rise due to rising demand for light weight car components.

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