Press release
Bio-plasticizers Market Size to Reach US$ 1.8 Billion, Globally, by 2027 at 6.4% CAGR
Bio-plasticizers are additives that enhance the physical and mechanical properties of polymers. They are derived from biomass sources, including agricultural products and their by-products, and waste materials. They are non-toxic, biodegradable, miscible, and highly resistant to leaching as compared to bisphenols and phthalates. They aid in increasing the flexibility, workability, tear resistance, and durability of the materials. Bio-plasticizers currently find applications in the automotive, construction, textiles, and agriculture industries across the globe.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Bio-plasticizers Market Trends and Drivers:
Bio-plasticizers are widely used in the manufacturing of polyvinyl chloride (PVC) formulations, which are furthermore employed in the construction of pipes, cables, window profiles, flooring, and roofing. They are also utilized in the production of high-quality adhesives and paints and coatings. This, coupled with the growing global population and significant rise in renovation and construction activities, represent one of the primary factors catalyzing the demand for bio-plasticizers. In addition, stringent government regulations on the usage of phthalates in consumer goods and food packaging solutions are offering lucrative growth opportunities to key market players. Apart from this, the increasing adoption of bio-plasticizer in the production of disposable medical devices, including oxygen masks, containers for dialysis, nasal cannulas, flexible tubings, surgical gloves, mattress covers, and training manikins, is stimulating the growth of the market.
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Bio-plasticizers Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Avient Corporation
BASF SE
DIC Corporation
Dow Inc.
DuPont de Nemours Inc.
Emery Oleochemicals LLC
Evonik Industries AG
Lanxess AG
Matrica S.p.A.
OQ Chemicals GmbH
Roquette Freres
Solvay S.A.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
Epoxidized Soybean Oil (ESBO)
Castor Oil-Based Plasticizers
Citrates
Succinic Acid
Others
Breakup by Application:
Packaging Materials
Consumer Goods
Automotive and Transport
Building and Construction
Textiles
Agriculture and Horticulture
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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