Bio Plasticizers Market is Expected to Grow at a CAGR of 10.02 % from 2016 to 2023

Bio Plasticizers Market - Overview
Bio Plasticizers, are basically plant based Plasticizers which are generally used in the plastics manufacturing to enhance process by reducing rigidity and to bring elasticity to the product. There are various bio-based plasticizers available based on citric acid, castor oil and stearic acid. The Global Bio Plasticizers Market is growing with the rapid pace mainly due to the burgeoning Plastic Industry owing to the augmented use of plastic and PVC material.

Considering the prominence Bio Plasticizers Market is gaining recently and the potential growth the market is demonstrating currently, the Market Research Future has published a brilliant study report putting out the Bio Plasticizers market prognosis, according to which in 2016, Bio Plasticizers Market had valued USD 908 Million, which will get escalated to USD 1,900 million by 2022 registering a CAGR of 10.02% during 2016 to 2022.

The Global Bio Plasticizers Market is predominantly driven by the burgeoning packaging industry. Being biodegradable, Bio Plasticizers are gentle towards environment while delivering the same mechanical properties like phthalate-based plasticizers; hence plastic made with Bio Plasticizers is largely used for food and medicines packaging. Bio Plasticizers used for insulating wires that are used in electronics wiring to achieve unparalleled balance for heat deformation resistance, flexibility and electrical performance and low and high temperature wiring applications. Hence Wire & Cable industries are also increasingly fostering the market growth of Bio Plasticizers. Bio Plasticizers are used in Building & Construction material which; so burgeoning construction industry is another factor that provides large impetus to the Bio Plasticizers Market growth. Additionally, burgeoning automotive industry where wires are used for the transmission of power and data in vehicles is also fuelling the Bio Plasticizers market growth up to an extent. Other factors that contribute to the Bio Plasticizers market growth include technological advancements that allow manufacturers of Bio Plasticizers develop low cost, durable and greener materials.

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Bio Plasticizers Market - Competitive Analysis
The global Market of Bio Plasticizers appears to be highly competitive and fragmented. Many large and small key players operating in the market are churning the competition to gain competitive advantage. To sustain their market position these players incorporate acquisition, collaboration, partnership, expansion, and technology launch. The Market demonstrates high growth potential which is likely to attract several new entrants in the market. Further resulting in intensified completion. Top players are investing heavily in R&D. Manufacturers operating in the Bio Plasticizers Market strive to deliver the best quality, Phthalate-free plasticizers made from nearly 100% renewable feedstock.

U.S. and European manufacturers have developed Phthalate and lead free Bio Plasticizers by replacing lead and cadmium stabilizers with calcium-zinc, barium-zinc, and organotin stabilizers in most applications. The PVC manufactured using such - Phthalate and lead free Bio plasticizers is up to 40% less toxic than the conventionally manufactured PVC that makes use of phthalates. Such Phthalate free products are also providing opportunities for cable-makers and building industry end-users to achieve carbon credits in line with the U.S. Green Building Council’s LEED certification Rating Systems. LEED stands for Leadership in Energy and Environmental Design.

Manufacturers operating in the market license select cable makers to commercialize their Bio-Based Plasticizers consistent with their Inside program. These Cable manufacturers included inside program are supported by compatible technology, versatile products and enhanced services, backed by the strength of a creative and responsive supplier that can help offer a competitive edge in a demanding industry.

Key Players
The key players in market includes
• The Dow Chemical Company,
• Bioamber Inc.,
• Vertellus Specialties Inc.,
• Danisco Us Inc.,
• Solvay S.A.,
• Polyone Corporation,
• Emery Oleochemicals Llc,
• Myriant Corporation,
• Evonik Industries,
• Matrica Spa, Lanxess Ag
• others.

Bio Plasticizers Market - Segments
Global Bio Plasticizers Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Type : Comprises - ESBO, Citrates, Castor oil, Succinic Acid, and other.
Segmentation By Application: Comprises - Packaging Materials, Medical Devices, Consumer Goods, Wires & Cables, Building & Construction, and other.
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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