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.
Addition of a plasticizer can lower the glass transition temperature, melt viscosity and elastic modulus of the polymer. Earlier phthalate-based plasticizer represented 85% of the total plasticizers market. However, stringent government regulations and rising health concerns of the consumers, stimulated the demand of bio-plasticizers.
In order to assure sustainability, end users are looking for safe, bio-degradable 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) reduce carbon gas emission 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
Current, North America serves as a largest market for bio-plasticizers due to flourishing sectors such as medical devices, chemicals and consumer goods. Europe is estimated to be matured markets. North America and Europe account for a larger share in the market due to growth in manufacturing and healthcare industry. Various efforts made by different regulatory authorities to promote environmental friendly products have led to increase in the demand of bio-plasticizers in developed regions.
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