The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Bio Plasticizers Market Overview
The global Bio Plasticizers Market was worth $1.4 billion in 2021 and is expected to reach $2.2 billion by 2030, rising at a CAGR of 5.41% between 2023 and 2030.
Global Bio Plasticizers Market is projected to witness significant growth due to rising awareness about the health risks of conventionally used plasticizers, such as phthalates. Phthalates are soluble in organic solvents such as saliva, hence they become dangerous when used in objects. Eventually, they are very hazardous for both children and adults. Therefore, polymers treated with bio plasticizers used in several applications, including food packaging and medical products. This key fact remarkably contributing to the growth of the market.
Additionally, bio plasticizers have the largest demand in medical devices, packaging materials, and consumer goods. Also, the use of bio plasticizers in widely popular polymers such as PVC and the continuous development of safer and more effective bio plasticizers has improved the market for polymers such as PVC. These major factors are hugely boosting the growth of the market.
On the downside, the high cost of raw materials used to produce bio plasticizers is hampering the growth of the market. Besides this, rising research & development activities, increasing application of bio plasticizers in developing countries, and inclination towards sustainable development are projected to create gainful opportunities for the Global Bio Plasticizers Market’s expansion in the next few years.
Bio Plasticizers Market Segment Overview
Based on the product, the Epoxidized Soybean Oil (ESBO) segment is occupying the maximum market share. ESBO is manufactured from soybean oil through the process of epoxidation. ESBO is one of the additives in the PVC gasket. ESBO is also used in PVC cling films for wrapping foods and toys. Moreover, the building & construction application segment is expected to show significant growth in the market. Bio-plasticizers are broadly utilized for thermal insulation panels, architectural molds & sculptures, and other construction materials including bonding agents, adhesives, sealants, flooring, and roofing supplies.
Bio Plasticizers Market Regional Overview
Region-wise, North America and Europe are the major markets for bio plasticizers. Some crucial factors such as steady government support to environment-friendly initiatives, technological development of medical devices, and continued expansion of consumer goods industries are remarkably driving the growth of the market in these regions. Likewise, the developing regions such as the Asia Pacific and the Middle East will also be lucrative markets over the forecast period. This is due to the increasing demand for consumer goods, medical materials, and wires and cables in these regions.
Bio Plasticizers Market, Key Players
· Dow Chemical Company
· Danisco Inc.
· Emery Oleochemicals LLC
· Solvay S.A.
· Evonik Industries
· Vertellus Specialties Inc.
· Bioamber Inc.
· Myriant Corporation
· Lanxess AG
· Matrica S.P.A.
· Polyone Corporation
Bio Plasticizers Market Segmentation
Bio Plasticizers Market, By Product
· Epoxidized Soybean Oil (ESBO)
· Castor Oil-Based Plasticizers
· Citrates
· Succinic Acid
· Others
Bio Plasticizers Market, By Application
· Packaging Materials
· Consumer Goods
· Automotive & transport
· Building & Construction
· Textiles
· Agriculture & horticulture
· Others
Global Bio Plasticizers Market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Bio Plasticizers Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Epoxidized Soybean Oil (ESBO)
- 5.2.2. Castor Oil-Based Plasticizers
- 5.2.3. Citrates
- 5.2.4. Succinic Acid
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Packaging Materials
- 5.3.2. Consumer Goods
- 5.3.3. Automotive & transport
- 5.3.4. Building & construction
- 5.3.5. Textiles
- 5.3.6. Agriculture & horticulture
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Asia Pacific
- 5.4.5. Middle East and Africa
6. North America Bio Plasticizers Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Epoxidized Soybean Oil (ESBO)
- 6.2.2. Castor Oil-Based Plasticizers
- 6.2.3. Citrates
- 6.2.4. Succinic Acid
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Packaging Materials
- 6.3.2. Consumer Goods
- 6.3.3. Automotive & transport
- 6.3.4. Building & construction
- 6.3.5. Textiles
- 6.3.6. Agriculture & horticulture
- 6.3.7. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Latin America Bio Plasticizers Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Epoxidized Soybean Oil (ESBO)
- 7.2.2. Castor Oil-Based Plasticizers
- 7.2.3. Citrates
- 7.2.4. Succinic Acid
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Packaging Materials
- 7.3.2. Consumer Goods
- 7.3.3. Automotive & transport
- 7.3.4. Building & construction
- 7.3.5. Textiles
- 7.3.6. Agriculture & horticulture
- 7.3.7. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
8. Europe Bio Plasticizers Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Epoxidized Soybean Oil (ESBO)
- 8.2.2. Castor Oil-Based Plasticizers
- 8.2.3. Citrates
- 8.2.4. Succinic Acid
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Packaging Materials
- 8.3.2. Consumer Goods
- 8.3.3. Automotive & transport
- 8.3.4. Building & construction
- 8.3.5. Textiles
- 8.3.6. Agriculture & horticulture
- 8.3.7. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
9. Asia Pacific Bio Plasticizers Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Epoxidized Soybean Oil (ESBO)
- 9.2.2. Castor Oil-Based Plasticizers
- 9.2.3. Citrates
- 9.2.4. Succinic Acid
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Packaging Materials
- 9.3.2. Consumer Goods
- 9.3.3. Automotive & transport
- 9.3.4. Building & construction
- 9.3.5. Textiles
- 9.3.6. Agriculture & horticulture
- 9.3.7. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. South East Asia
- 9.4.6. Rest of Asia Pacific
10. Middle East & Africa Bio Plasticizers Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Product
- 10.2.1. Epoxidized Soybean Oil (ESBO)
- 10.2.2. Castor Oil-Based Plasticizers
- 10.2.3. Citrates
- 10.2.4. Succinic Acid
- 10.2.5. Others
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Packaging Materials
- 10.3.2. Consumer Goods
- 10.3.3. Automotive & transport
- 10.3.4. Building & construction
- 10.3.5. Textiles
- 10.3.6. Agriculture & horticulture
- 10.3.7. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Dow Chemical Company
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Danisco Inc.
- 11.6. Emery Oleochemicals LLC
- 11.7. Solvay S.A.
- 11.8. Evonik Industries
- 11.9. Vertellus Specialties Inc.
- 11.10. Bioamber Inc.
- 11.11. Myriant Corporation
- 11.12. Lanxess AG
- 11.13. Matrica S.P.A.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
