Market Overview:

Polyhydroxybutyrates (PHBs) are members from a family of Polyhydroxyalkanoates (PHAs). PHB is a kind of thermoplastic polymer and is completely biodegradable. PHB is used in various end use industries such as pharmaceutical, food, agriculture, automotive, and others due to its good oxygen permeability, non-toxicity, water resistant, and biodegradability. PHB exhibits excellent stiffness and crystallinity, thus long fiber PHB is widely used in car interiors and other automotive parts. PHB find application in the development of implanted medical devices for orthopaedic, dental, hernioplastic, and skin surgeries. PHB based medical devices include biodegradable screws and plates for bone fixation, bioresorbable surgical sutures, wound covering, among others.

The growing demand for PHB market is mainly attributed to the increased environmental concern resulting in consumers’ preference shift toward eco-friendly packaging. A major challenge encountered by manufacturers of PHB is its high cost of production. However, with more investment by market players in the development of new manufacturing processes, the cost may reduce in future.

Petroleum reserves are depleting day by day which is leading to increasing cost of petrochemicals and consequently petrochemical based polymers are becoming expensive which will further boost up the demand for alternative low-cost bio-polymers.

Competitive Analysis:
The major players operating in the Polyhydroxybutyrate Market include BASF SE (Germany), Biomer (Germany), TianAn Biologic Materials Co., Ltd. (China), PHB Industrial S.A (Brazil), BIO-ON (Italy), Telles, LLC (U.S), TEPHA INC (U.S) and others.

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Market Segmentation:
Polyhydroxybutyrates is segmented on the basis of application and end use industry. On the basis of application, the market is categorized into medical devices, packaging, mulch films, and others. On the basis of end use industries, Polyhydroxybutyrates is segmented into pharmaceutical, food, agriculture, automotive and others.

Packaging and mulch film application are expected to hold a larger share as compared to other application. Increase in the production scale of packaging and mulch film manufacturing coupled with rising environmental awareness with regards to the disposal of these products is expected to drive the PHB Market growth.

Growth in demand of PHB based medical products has been observed due to rising share of PHB in pharmaceutical industry. Therefore, PHB market is projected to grow at a significant CAGR over the forecast period. In the past couple of years, significant increase in the development of microcapsules based on biodegradable polymer has been observed, thus increase the importance of PHB in medical application. The above mentioned factor is anticipated to increase the market growth.

The demand for innovative packaging container, especially those possess environmental friendly nature is one of the major factor driving the market growth. Furthermore, increasing demand for convenience food and shift in consumer focus towards eco-friendly products are the major drivers for market growth.

Regional Analysis:
Europe is estimated to be the largest regional market for Polyhydroxybutyrate followed by North America on account of growing food, pharmaceutical, and automotive segment. Increased pharmaceutical use of PHB in countries such as Germany, UK, and Italy is expected to increase PHB demand over the forecast period.

Asia Pacific is anticipated to grow at highest CAGR over the forecast period due to increasing demand from end-use industries such as food, pharmaceutical, automotive, and agriculture. The demand for PHB is predicted to increase in developing countries such as Japan, Thailand, China, and India owing to rising automotive and pharmaceutical industries in these countries.

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Key Points from Table of Contents:

11.    Company Profiles   

11.1       BASF SE
11.1.1    Company Overview
11.1.2    Product/Business Segment Overview
11.1.3    Financial Updates
11.1.4    Key Developments

11.2       Biomer
11.2.1    Company Overview
11.2.2    Product/Business Segment Overview
11.2.3    Financial Updates
11.2.4    Key Developments

11.3       TianAn Biologic Materials Co., Ltd.
11.3.1    Company Overview
11.3.2    Product/Business Segment Overview
11.3.3    Financial Updates
11.3.4    Key Developments

11.4       PHB Industrial S.A
11.4.1    Company Overview
11.4.2    Product/Business Segment Overview
11.4.3    Financial Updates
11.4.4    Key Developments

11.5       BIO-ON
11.5.1    Company Overview
11.5.2    Product/Business Segment Overview
11.5.3    Financial Updates
11.5.4    Key Developments

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