The German PBS market is estimated to grow at a CAGR of over 12% during the forecast period. Germany is the largest economy in Europe and the 4th largest economy globally. The country is a leading exporter of vehicles and their supplier. It is one of the largest markets for bioplastics globally. Germany is one of the major importing and exporting hubs of the bioplastics in the region. Germany is consuming bioplastics in various industries which includes packaging, construction, automotive, textiles, electronic and others. Therefore, with the growth in these industries, the demand for bioplastics including PBS is estimated to increase during the forecast period. Moreover, Germany is the leading food and beverages market in European region; as a result, it is expected to register a significant share in the overall PBS market in the future.
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The German PBS market is segmented on the basis of process and application. Based on the process, the market is segmented into trans-esterification and direct esterification. The direct esterification process had a significant share in the market in 2018. Direct esterification process is the most common process for preparing PBS and has several advantages such as the process that can be performed under atmospheric pressure and has a short reaction time. Whereas, the trans-esterification process is projected to grow at a considerable rate during the forecast period.
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Germany Polybutylene Succinate (PBS) Market Segmentation
By Process
- Trans-Esterification
- Direct Esterification
By Application
- Packaging/Disposables
- Agriculture
- Textile
- Automotive
- Others
Company Profiles
- Automotive Performance Materials – APM
- ESIM Chemicals GmbH
- Ire Chemical Ltd.
- Koninklijke DSM N.V
- Mitsubishi Chemical Corp.
- NaturePlast SAS
- Reverdia V.O.F
- Succinity GmbH
- Showa Denko Kk
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