At a compound annual growth rate of 8.90%, the size of the worldwide Bio Plasticizers market is projected to reach USD 2.42 Billion in 2030.
.jpg "The Global Bio Plasticizers Market 2020-2030 (USD Billion)")
Global bio plasticizers market accounted for a market revenue of USD 1.19 billion in the year 2019 and is projected to grow at a CAGR of more than 8.33 % over the forecast period. With rising environmental concerns and depletion of petrochemical resources, biomass-based chemicals have been paid more attention. Polyvinyl chloride additives (PVC) bio-mass plasticizers have been widely studied to replace petroleum plasticizers. This mainly includes Epoxidized Soybean Oil (ESBO), Citrates, Castor Oil, Succinic Acid, Glycol Esters.
The growth of this market is being fuelled by increased urbanization with large volumes of disposable income in developing countries. Plasticizers are among the most important additives required for the processing of polymer materials, especially polyvinyl chloride (PVC) plastics, which accounts for more than 60% of the total yield of plastic auxiliaries. The most widely used plasticisers in the world are standard petroleum phthalate. Traditional petroleum phthalate plasticizers are the most used in the world. A significant proportion of the overall production and sales, however, are slowly restricted due to possible risks to human health and the environment, in terms of yield and use of the conventional phthalate plasticizer.
Bio Plasticizers Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 2.42 Billion |
| Growth Rate | CAGR of 8.90 % during 2020-2030 |
| Segment Covered | By Type, By Application, Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Solvay (Belgium). DowDuPont (US), Bioamber Inc (US), Vertellus Holdings LLC (US), PolyOne (US), Emery Oleochemicals (Malaysia), Myriant Corporation (US), Evonik Industries AG (Germany), Matrìca S.p.A. (Italy), Lanxess AG (Germany) |
Key Segment Of The Bio Plasticizers Market
By Type (USD Billion)
• Epoxidized Soybean Oil (Esbo)
• Succinic Acid
• Sebacates
• Citrates
• Castor Oil
By Application, (USD Billion)
• Packaging Materials
• Medical Devices
• Consumer Goods
• Flooring
• Walls
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
the market value of bio plasticizers market 2030 in USD 2.42 Billion
The major contenders in the global market are Solvay (Belgium). DowDuPont (US), Bioamber Inc (US), Vertellus Holdings LLC (US), PolyOne (US), Emery Oleochemicals (Malaysia), Myriant Corporation (US), Evonik Industries AG (Germany), Matrìca S.p.A. (Italy), Lanxess AG (Germany)
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The development of non-toxic plasticizers for the environment and biodegradable bio-based plasticizers for phthalate replacement was an extremely important field of research. The development, manufacture, and application of non-toxic green plasticizers with high performance in food packaging, electrical insulation and health and medical products is continually underway.
Epoxidized plasticizer is a type of environmentally friendly plasticizer for the rubber, plastics and new polymer materials industries. In comparison to other plasticizer, in the epoxy structure, the epoxy group can absorb and neutralize hydrogen chloride released by PVC during light or thermos-degradation that restricts or delays the continuous breakdown of PVC, provides good light and thermal stability for PVC products and extends their life cycles.
In terms of geography, the global Bio Plasticizers is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America is projected to lead the global market owing to advancement in the technology and presence of key industrial players.
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Key players include Lanxess AG, Emery Oleochemicals LLC, Dow Dupont, Evonik Industries, Danisco US Inc., BASF, Bioamber Inc., PolyOne Corporation, Myriant Corporation, Vertellus Holdings LLC