Bio Plasticizers Market

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GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS Ankita Roy, Treesha Banerjee and Liza D’souza from Global Market Estimates throw the spotlight on the growing Bio Plasticizers Market

Bio Plasticizers Market Insights The global bio plasticizers market is anticipated to register a CAGR of more than 10% over the forecast period. Rapid growth in end-user industries in emerging countries such as India, China, and Brazil are projected to boost the bio plasticizers market over the coming years. The reduced supply of harmful phthalate such as DBP, BBP, DEP, and DOP coupled with increasing consumer awareness are expected to stimulate the market growth. Stringing regulations on production of phthalate-based plasticizers in consumer goods, food packaging material, and medical products have resulted in the growth of eco-friendly biobased plasticizers. These bio-plasticizers are extensively used for cable manufacturing and offer various advantages in terms of electrical and temperature performance. However, change in environmental regulations, protocols, and blending policies are anticipated to restrain the market growth over the coming years. In addition, packaging companies have already started manufacturing cost-efficient, yet eco-friendly petrochemicals alternatives without compromising on product performance. These factors are likely to fuel the demand for the product over the forecast period.

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GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS

Bio Plasticizers Market: Product Insights The bio plasticizers market is segmented into Citrates, Castor Oil, ESBO, and Succinic Acid, based on the product type. ESBO accounted for the majority of market share in 2016 due to its increased application in producing a variety of products. The demand for castor oil is likely to increase over the coming years owing to its increased application. Castor oil is used in producing flexible, semi-rigid, rigid, and bio plasticizers. It displays resistance to hydrolysis, pigment dispersion, and has high compatibility with polyether polyols. Succinic acids segment is also projected to register a significant growth over the coming years. These acids help aid the production of bio-based additives which are phthalate-free and has higher renewability content. Bio Plasticizers Market: Application Insights The bio plasticizers market is segmented into building & construction, packaging materials, medical devices, wires & cables, and consumer goods amongst others, based on application. Packaging materials segment is predicted to grow at a steady rate over the forecast period. The specialty additives play an important role in protective packages, flexible & rigid food contact packaging. These eco-friendly plastics are used in agriculture industry to produce eco-friendly drip tape, tarpaulins, irrigation pipes, soil fumigation film, nursery pots, and silage bags. Increasing environmental concern related to growing carbon footprints along with enhanced durability of finished products are expected to aid market growth over the forecast period. Bio Plasticizers Market: Regional Insights North America accounted for the dominant market share in 2016 due to rapid growth in industries such as medical devices, chemicals, and consumer goods. Asia Pacific is projected to be the fastest growing market in terms of value, particularly in medical, wires & cables, and packaging materials applications. Europe has recorded a significant market share in 2016 owing to rapid advancements in manufacturing and healthcare industry. Various regulatory initiatives have been taken in order to encourage the production of environmental friendly products. These factors are anticipated to result in an increased demand for bio-plasticizers in developed regions.


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Bio Plasticizers Market: End-Use Landscape The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global bio plasticizers market. The major consumers of the product are Amcor and Sealed Air amongst others.

Bio Plasticizers Market: Competitive Landscape The global players of the market include Solvay SA, BASF SE, Emery Oleochemicals LLC, Evonik Industries, Dow Chemical Company, Lanxess AG, PolyOne Corporation, BioAmber Inc., and Danisco US Inc. amongst others. The report segments the Advanced Bio Plasticizers Market on the basis of: By Product: Citrates, Castor Oil, ESBO, Succinic Acid •

Citrates

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Castor Oil

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ESBO

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Succinic Acid


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By Application: •

Packaging Materials

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Medical Devices

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Consumer Goods

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Wires & Cables

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Building & Construction

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Others

By Region: •

North America

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Europe

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Asia Pacific

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Central & South America

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Middle East & Africa

* This article contains text from the ‘Bio Plasticizers Market – Forecast to 2025’ report prepared by Global

Market

Estimates.

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Bio Plasticizers Market

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