PHB Market Size Forecast | Biodegradable Polymer Demand Rising
The global Polyhydroxybutyrate (PH market is projected to reach approximately USD 679.1 million by 2034, rising significantly from USD 146.2 million in 2024. This growth represents a robust compound annual growth rate (CAGR) of 16.6% between 2025 and 2034. The Asia Pacific region leads the market, accounting for a dominant 46.2% share, driven by increasing demand for biodegradable plastics across various industrial sectors.
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Report Overview:
The Polyarylsulfone (PAS) market is projected to reach approximately USD 4.8 billion by 2033, up from USD 2.4 billion in 2023, reflecting a compound annual growth rate (CAGR) of 7.1% over the forecast period from 2023 to 2033.

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