Bio Plasticizers Market Size Is Anticipated To Reach A Valuation Of $1,709 Million [Get Latest Report]

Global Bio Plasticizers Market was valued at $1,364 million in 2015, and is expected to reach $1,709 million by 2022, registering a CAGR of 3.3% from 2016 to 2022. 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. They may be internal or external based on the kind of modifications done to the materials to which they are added. Bio plasticizers are available as different types in market among which epoxides and castor oil based types (sebacates & glycerol esters) are highly adopted. They can replace phthalates in toys, food packaging, medical devices, and personal care products as phthalates are banned by different government in these commodities.

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Bio plasticizers are additives applied in polymers & other materials to enhance their softness, flexibility, and processability. The main raw materials for these include soybean oil, linseed oil, castor oil, and more. The global bio plasticizers market is segmented based on type, application, and geography. The application segment includes flooring & walls, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and others. The others segment includes medical, inks, waxes, sports related articles, and adhesives & sealants.

Emerging applications of bio plasticizers in various end-user industries and high demand for bio-based & non-phthalate plasticizers in different regions are major factors expected to drive the market growth. However, high cost of these restrain the global bio plasticizer market. Increase in demand for bio plasticizers for certain products, such as personal care cosmetics, toys, food contact materials, health care commodities, and others, are expected to create growth opportunities for various players in the market. Also, R&D on to obtain beneficial and economical bio plasticizers is anticipated to bring great opportunity for the market.

Epoxides and glycerol esters are expected to grow at the highest CAGR throughout the analysis period, due to their remarkable properties including non-toxic nature, high efficiency, improved heat stability, lower volatility, and others. These are employed in automotive, adhesive & sealants, paints & coatings, and other end uses.

In 2015, the epoxide bio plasticizers covered maximum share of the market in terms of revenue followed by sebacatesa castor oil based plasticizer. This trend is expected to be followed during the forecast period as well, owing to the superior properties and ease of availability of these bio plasticizers. Another factor that supports their development is lesser cost compared to other types of bio plasticizers. The main applications employing bio plasticizers include floorings & walls and wires & cables. Moreover, the wires & cables application segment accounted for second largest market share in 2015, and is expected to grow at the CAGR of 2.7% during the forecast period.

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In 2015, Asia-Pacific and LAMEA collectively accounted for more than half of the global bio plasticizers market, with lucrative CAGR and are expected to continue this trend. This is attributed to upsurge in construction & packaging industries, specifically in China, India, Brazil, and other developing economies. Growth in urbanization & industrialization are the main reasons for growth of the bio plasticizers market in Asia-Pacific.

The major companies profiled in the report include Bioamber Inc., DuPont, DOW Chemical Company, Emery Oleochemicals, Evonik Industries, Lanxess AG, Matrca S.p.A., Myriant Corporation, PolyOne Corporation, and Vertellus Holdings LLC.

Table of Content

Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS:
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1. KEY FINDING OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitution
3.3.4. Threat of New Entrants
3.3.5. Competitive Rivalry
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Upsurge in demand for flexible PVC
3.4.1.2. Ban on certain plasticizers
3.4.1.3. Growing Packaging Industry
3.4.1.4. Impact Analysis
3.4.2. Restraints
3.4.2.1. High cost of bio plasticizers
3.4.2.2. Impact Analysis
3.4.3. Opportunities
3.4.3.1. Ongoing research on Bio-based Plasticizers
3.4.3.2. Growing Demand for Automotive Across the Globe
3.4.3.3. Impact Analysis
3.5. PATENT ANALYSIS
3.5.1. Patent Analysis by Year
3.5.2. Patent Analysis by Region
3.5.3. Patent Analysis by Company
3.6. TOP PLAYER POSITIONING

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