The growth of the Bio-Plasticizers market is attributed to the ongoing research on bio-based plasticizers, which is likely to create opportunities for the market in the forthcoming years.
Bio plasticizers are polymer additives meant for improving flexibility, softness, workability, and volatility of the plasticized materials. These are based on renewable resources and produced from vegetable raw materials such as soybean, palm, castor oil, citrates, stearic acid, and starch. The Bio-Plasticizers are widely used in PVCs.
Asia Pacific is considered to be a dominant region for Bio-Plasticizers Market and its products, driven primarily owing to the flourishing sectors including medical devices, chemicals, and consumer goods in the region.
The major factor that is expected to propel the growth of the Bio-Plasticizers Market during the forecast period include growth in end-user industries in developing countries including India, China, Brazil, among others.
Simultaneously, the higher cost of bio-plasticizers as compared to phthalate-based plasticizers is a challenging factor that is expected to hamper the growth of the global Bio-Plasticizers market during the forecast period.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The major factor that is expected to fuel the growth of the Bio-Plasticizers market during the forecast period include rise in demand for flexible PVC in different applications, ban imposed on certain plasticizers, and growth in number of packaging industries.
Moreover, continuous innovation in bio plasticizers resulting in generation of its superior form with lesser cost and R&D activities for producing new applications by different market players are projected to provide numerous opportunities for development of the bio plasticizers market.
In addition, the growing demand for bio-based plastic additives as the replacement for phthalate-based polymers across various industries such as automotive, packaging and agriculture, and consumer goods is expected to accelerate the growth of the Bio-Plasticizers market in the coming years.
Further, factors such as production process, socio-political events, and feedstock availability have a significant impact on industry trends, which in turn are expected to propel the market growth during the forecast period.
The global increment in economic growth rate is expected to lead to increase in the disposable income and improvement in lifestyle, facilitating luxuries of the population. This in turn is estimated to result in increase in sales for end-use commodities of bio plasticizers, such as cars, electronic equipment, packaged food, toys, personal care products, and others.
The other major factors that are anticipated to boost the market growth include the growing demand for the conservation of water resources, and the usage of plasticizers, which are rapidly increasing in flooring and wall coverings.
Although Bio-Plasticizers cover numerous end uses, there are numerous obstacles likely pose a challenge to market growth. The higher cost of bio-plasticizers as compared to the phthalate-based plasticizers is a factor that will hinder the growth of the market during the forecast period.
Principal Consultant
Asia Pacific is the largest market for Bio-plasticizers and the trend is expected to continue into the forecast period owing to increasing presence of sectors including medical devices, chemicals and consumer goods.
The market growth in developed economies including China and India is expected to boost the growth of the Bio-Plasticizers market, owing to the increase in the demand for the Bio-Fertilizers in cars, electronic equipment, packaged food, toys, and personal care products, among others.
According to Future Market Insights, North America is expected to provide immense growth opportunities for Bio-Plasticizers, with the USA expected to steer the bulk of all regional growth. The USA is one of the major producers of Bio-Plasticizers.
North America Bio-Plasticizers Market is expected to witness tremendous growth during the forecast period, owing to the growth in manufacturing, and healthcare industry in the region.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Some of the key participants present in the global Bio-Plasticizers market include Avient Corporation, Dow, DIC CORPORATION, Emery Oleochemicals, Evonik Industries AG, Hebei Jingu Plasticizer Co. Ltd., Jiangxi East Huge Dragon Chemical Co. Ltd., Jungbunzlauer Suisse AG, LANXESS, Matrica SpA, OXEA GmbH, PolyOne Corporation, Roquette Freres, Solvay among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Avient Corporation, and Dow account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of X% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Avient Corporation; Dow; DIC CORPORATION; Emery Oleochemicals; Evonik Industries AG; Hebei Jingu Plasticizer Co. Ltd; Jiangxi East Huge Dragon Chemical Co. Ltd; Jungbunzlauer Suisse AG; LANXESS; Matrica SpA; OXEA GmbH; PolyOne Corporation; Roquette Freres; Solvay |
| Customization | Available Upon Request |
FMI projects the global bio-plasticizers market to expand at an impressive value CAGR by 2032
Asia Pacific is expected to be the most opportunistic bio-plasticizers market
Avient Corporation, Dow, DIC CORPORATION, Emery Oleochemicals, Evonik Industries AG, Hebei Jingu Plasticizer Co. Ltd., and Jiangxi East Huge Dragon Chemical Co. Ltd., among others are some prominent Bio-Plasticizers manufacturers
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Epoxidized Soybean Oil 5.2. Citrates 5.3. Castor Oil 5.4. Succinic Acid 5.5. Other Product Types 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Building and Construction 6.2. Packaging Materials 6.3. Automotive & Transportation 6.4. Flooring & Wall Covering 6.5. Consumer Goods 6.6. Wire & Cable 6.7. Other Applications 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia & Pacific 7.6. MEA 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Arkema S.A. 16.2. Lanxess AG 16.3. DOW 16.4. LCY Biotechnology Inc. 16.5. Avient Corporation 16.6. OQ Chemicals GmbH 16.7. Emery Oleochemicals 16.8. Evonik Industries AG 16.9. Matrìca S.p.A. 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Chemicals & Materials Insights
View Reports
Bio-Plasticizers Market
