Bio-Plasticizers Market Innovations, Technology Growth, And Research By 2022-2032
The growth of the Bio-Plasticizers market is attributed to the ongoing research on bio-based plasticizers, which is likely to create opportunities for the market in the forthcoming years. Plasticizers are compounds incorporated in a polymer matrix to increase its flexibility and improve the chemical properties of the plastic product. The addition of a plasticizer can lower the glass transition temperature, melt viscosity, and elastic modulus of the polymer.
Earlier phthalate-based plasticizers represented 85% of the total plasticizers market. However, stringent government regulations and rising health concerns of consumers stimulated the demand for bio-plasticizers. In order to assure sustainability, end users are looking for safe, biodegradable, and non-phthalate-based plasticizers. Bio-based plasticizers are widely used as additives in PVCs.
They are used in PVC resins, PVC cables, vinyl flooring, wire jacketing, automobile parts, etc. The use of bio-plasticizers for wire applications can enable cable manufacturers and original equipment manufacturers (OEMs) to reduce carbon gas emissions by up to 40%.
Bio-Plasticizers Market: Key Players
Some of the key market participants in the global Bio-Plasticizers market are The Dow Chemical Company, Bioamber Inc., Vertellus Specialties Inc., Danisco Us Inc., Solvay S.A., Dow Chemical Company, Polyone Corporation, Emery Oleochemicals Llc, Myriant Corporation, Evonik Industries, Matrica Spa, Lanxess Ag
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments by geographies and by vehicle type.
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Bio-Plasticizers Market: Segmentation
On the basis of product type, the global Bio-Plasticizers market is segmented into
- Epoxidized Soybean Oil(ESBO)
- Citrates
- Castor Oil
- Succinic Acid
On the basis of application, the global Bio-Plasticizers market is segmented into
- Package Materials
- Medical Devices
- Consumer Goods
- Wire & Cables
- Building & Construction
- Automotive
Bio-Plasticizers Market: Region-wise Outlook
Currently, North America serves as the largest market for bio-plasticizers due to flourishing sectors such as medical devices, chemicals, and consumer goods. Europe is estimated to be a mature market. North America and Europe account for a larger share of the market due to growth in the manufacturing and healthcare industries.
Various efforts made by different regulatory authorities to promote environmentally friendly products have led to an increase in the demand for bio-plasticizers in developed regions. The Middle East & African bio-plasticizers market is still at a nascent stage.
