Bio-Plasticizers Market 2018 – 2026 | Global Industry Analysis by Key Players, Segmentation, Trends and Forecast
Bio-Plasticizers are polymer additives which enhance the performance of plasticized materials in terms of softness, volatility, workability, and flexibility. These bio-plasticizers are applied to plasticized materials such as polyvinyl chloride (PVC), polybutadienes, and others. Bio-plasticizers are obtained from these vegetable oils with the help of external or internal modifications and thus are environment-friendly additives.
After the ban was imposed on few plasticizers, such as phthalate-based, in safe applications such as food packaging and toys, the demand for Bio-Plasticizers outreached the non-environmentally friendly counterpart. The supportive regulatory policies substantially contributed to the growth of the Bio-Plasticizers Market. Bio-plasticizers hold enough potential for replacing phthalates in medical devices, food packaging, toys, and personal care products.
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Bio-Plasticizers Market generated USD 1.44 billion in 2017 and is anticipated to grow at a CAGR of 7.4% during the forecast period.
Rising awareness regarding biodegradable products and increasing health concerns by customers to ensure sustainability of the environment has significantly driven the Bio-Plasticizers Market. Moreover, surge in the growth of many nations in the world, with improving lifestyles and increase in disposable incomes has facilitated the growing luxuries of the population.
Bio-Plasticizers Market is highly competitive and moderately consolidated. Some of the competitive factors for the industry players include industrial collaborations, technological development, R&D initiatives, and material science innovations.
Major market players in Bio-Plasticizers Market include: -
- Lanxess AG
- Emery Oleochemicals LLC
- Dow Dupont
- Evonik Industries
- Danisco US Inc.
- BASF SE
- Bioamber Inc.
- PolyOne Corporation
- Myriant Corporation
- Vertellus Holdings LLC.
- Proviron
- OXEA GmbH
- Galata Chemicals
- Hebei Jingu Plasticizer Co. Ltd.
- Roquette
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Market Growth by End-user: -
The growth of end-use industries such as PVC packaging, automotive, plastics, wires & cables, and medical devices have provided the Bio-Plasticizers Market with even wider growth prospects. Bio-Plasticizers are broadly used in vinyl flooring, PVC cables & resins, wire jacketing, and automobile fabricated parts. Automotive fabrication materials and flexible PVC packaging are among two of the most important applications for the Bio-Plasticizers globally.
Such phenomena are anticipated to increase the sales revenue for the end-use products of Bio-Plasticizers such as toys, electronic equipment, cars, packaging materials, personal care products, and many others.
Competitive Landscape and Regional Outlook: -
North America is the largest regional in the Bio-Plasticizers Market due to technological development in consumer goods and packaging industry with the sustained growth of many end-use industries especially the automotive sector in the region. Asia Pacific is the fastest growing regional market in terms of both volume and sales revenue due to higher growth rate of the end-use industries and economic growth of its developing countries.
Bio-Plasticizers Market report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the market. This report comprises a detailed geographic distribution of the Bio-Plasticizer market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
TOC of Bio-Plasticizers Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Bio-Plasticizers Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!
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