Increasing government initiatives towards environment-friendly chemicals and materials have created a vast opportunity for polybutene-1
in several applications. Countries across the globe are concerned about rising environmental plastic pollution. Governments are promoting and encouraging recycling and products that pollute less as a substitute for existing materials or products.
Polybutene-1 (PB-1) offers 100% recyclability with better performance, and can be used in several applications such as piping systems, adhesives, etc. In developing economies, health and hygiene play a vital role. Therefore, governments allow and encourage PB-1 application in hot and cold water pipes, which provide freshwater with no impurities and packaging solutions in food packaging that provide flexible use and hygienic food, all of which have bolstered demand for polybutene-1.
As per a new report published by Fact.MR, the polybutene-1 market is forecast to be valued at around US$ 383 Mn in 2021, and is expected to expand at a CAGR of 7.5% from 2021-2031.
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Crucial insights in the Polybutene-1 Market research:
For More Insights-https://www.prnewswire.com/news-releases/demand-for-security-solutions-in-bfsi-and-government-sectors-driving-biometrics-middleware-market-factmr-301265133.html
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