Global Bio Plasticizers Market Overview –
The global bio-plasticizers market is expected to reach USD 2.42 billion by 2025, according to estimates. Furthermore, a CAGR of 9.8% is predicted for this market over the forecast period. Phthalates could be replaced by bio-plasticizers in a wide range of products, including cosmetics, food packaging, medical devices, and children’s toys. To make bio-based plasticizers, you’ll typically need to pay a premium for raw ingredients.
To improve the chemical characteristics of the polymer, increase its flexibility, and facilitate the polymer’s processing, plasticizers are known as substances added into polymer matrixes. Reduces brittleness and gives it a softer, more malleable feel and appearance. The bio-plasticizers are usually referred to as the biologically produced compounds that are added to polymers in order to make them malleable and workable. Soybean oil, castor oil, starch, and stearic acid are some of the raw materials used to make these bio-plasticizers. It is made from renewable and natural resources. They can lower the melting point, the glass transition temperature and elastic modulus of the polymer when bio-plasticizers are applied. These plasticizers, on the other hand, are critical to enhancing the properties of the polymers that can be used in the specific application.
An assessment of the bioplasticizer industry shows that the intended audiences are in favour of its growth during the study period. Plasticizer producers, raw material suppliers and distributors, manufacturers, research institutions, raw material suppliers, government organisations and potential investors are among the intended audiences.
Scope of the Report –
Among the polymer ingredients used in bio-plasticizers are vegetable oil and biomass, both of which are renewable sources of oil. In the end-user industries, such as construction, electronics, and the automobile industry, polyvinyl chloride (PVC) can be regarded a replacement. The bio-plasticizers market is broken down into three distinct categories: type, application, and location. Types include castor oil, citrates and succinic acid in addition to epoxidized soy oil.
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Wire and cable, film and sheet, flooring and wall covering, medical devices, packaging materials, and other applications are sub-segmented within the market. In addition, the study examines the bio-plasticizers market in 15 countries across significant regions. The market size and predictions for each segment have been calculated based on revenue (USD million).
Market Dynamics –
In the coming years, the bioplasticizers market is expected to rise at a rapid pace because of the increasing usage of flexible PVC and the restriction on some plasticizers, such as phthalates. The bio-plasticizers market is also growing as a result of the rising demand for the product from the packaging industry. There is a problem, however, with the price of bioplasticizer. Nevertheless, the top players in the bio-plasticizers market should see considerable development potential due to increasing automotive industry demands and big R&Ds in the coming years.
Market Scope –
An in-depth examination of the chemicals and materials sector, “Global Bio-Plasticizers Market Analysis to 2028” examines the global market for bioplasticizers. There will be a complete market segmentation by product type, application, and region in this study.
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A significant rate of growth is projected in the worldwide bioplasticizers market over the forecast period. Bio-plasticizers market leaders are profiled in the report, along with crucial facts about their current market position.
Competitive Landscape –
Key players in the bio plasticizers market are involved in research and development of advanced products and new launches in order to maintain their status quo in the market. For instance, in 2020, Emery Oleochemicals launched EMEROX ester bio plasticizers that offer low water solubility, low viscosity, high thermal stability and good performance in low temperatures. Likewise, in 2021, Cargill launched Biovero, a bio plasticizer that is used in applications such as clothing, plastic films, flooring, cables, sheets and wires.
Key Players –
Evonik Industries AG
Hebei Jingu Plasticizer Co. Ltd
Jiangxi East Huge Dragon Chemical Co. Ltd
Jungbunzlauer Suisse AG
By Type –
By Applications –
Wire & Cables
Building and Construction
By Regions –
The Rest of the World