Toluene diisocyanate manufacturer News The PBAT market continues to expand and competition becomes fiercer

The PBAT market continues to expand and competition becomes fiercer

The PBAT market continues to expand and competition is fierce

PBAT is a copolymer of butylene adipate (PBA) and butylene terephthalate (PBT). It has the characteristics of both, including easy processing, good biodegradability, strong impact resistance, It has the advantages of high heat resistance and is a kind of biodegradable plastic.
The upstream of the PBAT industry chain is the supply of chemical raw materials and production equipment such as adipic acid, butylene glycol, and terephthalic acid; the midstream is the production of products, and its preparation mainly includes three types: partial esterification, co-esterification, and series esterification. Esterification method; downstream is widely used in agriculture, medical, food, packaging and other fields.
According to the “China PBAT Market Analysis and Development Prospects Research Report 2023-2027” released by the Industrial Research Center, my country’s PBAT industry has started It is relatively late, but it has developed rapidly due to the support of national policies and market demand, and the market size has continued to expand. my country’s PBAT market size will be approximately 15 billion yuan in 2022, and it is expected that the market size will exceed 24 billion yuan in 2023.
With the continuous development of the industry, my country’s PBAT production technology continues to advance, production efficiency continues to improve, production scale continues to expand, and output continues to grow. It is expected that my country’s PBAT output will be close to 1.5 million tons in 2023.
In recent years, the country has introduced a number of policies to strengthen the control of plastic pollution and vigorously support the development of the degradable plastic industry. In July 2021, the National Development and Reform Commission issued the “14th Five-Year Plan for Circular Economy Development”, proposing to conduct an in-depth assessment of the full life cycle resource and environmental impacts of various plastic substitutes, actively and steadily promote degradable plastics according to local conditions, improve the standard system, and improve Inspect detection capabilities, standardize application and disposal. In April 2022, the Ministry of Industry and Information Technology and other departments jointly issued the “Guiding Opinions on Promoting High-Quality Development of the Petrochemical and Chemical Industry during the “14th Five-Year Plan””, proposing to accelerate green and low-carbon development, orderly development and scientific promotion of biodegradability plastic. As one of the important biodegradable plastics, PBAT has a good development environment.
At present, there are a large number of PBAT manufacturers in my country, and the market competition is fierce. The main domestic PBAT manufacturers include Xinjiang Lanshan Tunhe Technology Co., Ltd., Ningbo Hongpolymer Technology Co., Ltd., Kingfa Technology Co., Ltd., Zhuhai Wantong Chemical Co., Ltd., etc. Among them, Xinjiang Lanshan Tunhe Technology Co., Ltd. accounts for nearly 25% of the market share, ranking first, and Ningbo Changhong Polymer Technology Co., Ltd. and Kingfa Technology Co., Ltd. both account for about 22%.
Industry analysts said that with the continuous advancement of production technology, the performance and quality of PBAT will continue to improve, and the scope of application will also continue to expand. , coupled with the increasingly severe environmental situation and the continuous improvement of social environmental awareness, the market demand for PBAT will still maintain a growth trend, and the industry development prospects are good. Domestic PBAT manufacturers need to increase capital and R&D investment, continuously improve production technology, optimize product quality and performance, and expand their competitive advantages.
This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.chemicalchem.com/archives/5244

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