Bio Plasticizers market value is estimated to grow at US$ 2.9 billion by 2026, with a CAGR of 12.8% between 2021 and 2026.
Bio Plasticizers Market Scenario:
The Global Bio Plasticizers market is projected to have the highest market revenue owing to the rising utilization of bio plasticizers by different end-user firms for various applications, including roofing membrane, flooring & wall coverings, electrical cable & wire insulation, medical devices, automotive applications, manufactured leather goods and may more. Bio plasticizers are polymer additives used for softness, improving flexibility, volatility, and workability of plasticized materials. Majorly, bio plasticizers depend on renewable resources and are processed from palm, soybean, citrates, castor oil, starch, and stearic acid. In addition, the rising growth of packaging firms has increased the global bio plasticizers market size.
Bio Plasticizers Market Drivers:
The growing production of automotive and escalating agricultural initiatives by the government boosts the global bio plasticizers market share during the foreseen period. In the automotive sector, bio plasticizers were widely used to reduce fuel consumption and high emissions. Not only were there but plant-based polymers were also utilized for making interior fabrics in the automotive sector. The additional benefits of these polymers include excellent dimensional ability, higher stiffness and thermal shock resistance, and improved surface gloss. In the agriculture sector, bio plasticizers were used for irrigation tubing, drip tape, soil fumigation film, silage bags, and nursery pots. Agriculture is the only way of improving environmental sustainability; thus government invests heavily in this sector projects. Therefore, with the growing agricultural industry, the utilization of bio plasticizers was increased, thus drives the global bio plasticizers market growth shortly.
Bio Plasticizers Market Restraints:
Compared to the typical plasticizers, the cost of bio plasticizers was high, which acts as a significant restraint for the global bio plasticizers market. The global bio plasticizers market trend is increasing due to biodegradable or natural plasticizers, including plastics, resins, rubbers, and elastomers. The traditional plasticizers include phthalates, and natural plasticizers replaced others by many end-user industries. As a result, the usage of natural sources increased, thereby increasing the costs of bio plasticizers that hamper the global bio plasticizers market growth during the forecast period.
Dow Chemical Company announced its introduction of the first bio-based plasticizer for wire and cable applications. It also decided to advance in sustainable chemistry by introducing DOW ECOLIBRIUM bio plasticizers used in wire insulation and jacketing. These bio-plasticizers can help cable makers reduce greenhouse gas emissions by almost 45%.
Challenges in the Global Bio Plasticizers Market:
The cost factor of bio plasticizers is one of the significant challenges hindering the growth of global bio plasticizers. The prices of bio plasticizers were two or three times more expensive than conventional plastics, and their production was down due to the high costs. Moreover, bio plasticizers have weak mechanical properties and a shorter lifetime, and these used for terrestrial crops could harm food supplies. These were some of the challenges that slow down the global bio plasticizers market growth during 2021-2026.
Market Size Available
2020 – 2025
2021 - 2026
By Product, Type, Consumption, Distribution Channel and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Dow Chemical Company, Vertellus Specialties Inc., Evonik Industries Solvay S.A., Lanxess AG, BioAmber Inc.
Based on type, the bio plasticizers market is segmented into Sebacates, Succinic Acid, Epoxides, Citrates, Glycerol Ester, and Others. Among these segments, epoxides type tend to play the dominant role in global bio plasticizers market share. The epoxide is a yellow-colored soybean vegetable oil. Most probably, these are used as an additive and stabilizer in plasticizers. By adding epoxides, the reactivity of plasticizers increases due to the epoxidation process of carbon-carbon double bonds in vegetable oil. Therefore, due to the characteristics of epoxides, the global bio plasticizers market growth is increasing day by day.
Based on application, the Global Bio Plasticizers market is segmented into Film & Sheet Coverings, Wires & Cables, Medical Devices, Coated Fabrics, Roofing Membranes, Packaging Materials, Adhesives & Sealants, and Others. Besides other segments, packaging materials tend to hold the largest market share with a CAGR of 11.7% in 2021-2026. It is owing to the rising demand for bio plasticizers for manufacturing materials. These are used to increase the flexibility and chemical properties of plastic products. These features of bio plasticizers boost up the global bio plasticizers market growth soon.
By End User:
Based on the end-user industry, the Global Bio Plasticizers market is segmented into Packaging, Automobile, Textiles, Electrics & Electronics, Medical & Healthcare, Building & Construction, and Others. Packaging end-user firm is projected to be the dominant market share due to the increasing use of bio plasticizers in the packaging industry. These were widely used for food touch packaging, including cartons, boxes, and others. Owing to these characteristics, the packaging end-user drives the global bio plasticizers market growth during 2021-2026.
The Global Bio Plasticizers report includes the segmentation of Regions:
The Asia Pacific predominantly holds the highest Global Bio Plasticizers market share by 43% due to the growing demand for bio plasticizers from packaging end-users. At the same time, North America and Europe are projected to be the second and third most significant regions in the global bio plasticizers market. On the other hand, the Middle East & Africa tend to grow with a substantial CAGR during the forecast period.
COVID-19 is leading to several destructions in day-to-day life. This has severely affected many sectors, and many of the end-user firms were demolished. Moreover, COVID-19 has also majorly impacted the global bio plasticizers market. Therefore, many importers of bio-plasticizers have kept their stocks at low levels. Thus, the pandemic is hindering the global bio plasticizers market growth in the coming years.
The companies covered in the report include:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Bio Plasticizers Market , By Type
6.1.2 Succinic Acid
6.1.5 Glycerol Ester
6.1.7 Market Size Estimations & Forecasts (2021-2026)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Bio Plasticizers Market , By Application
6.2.1 Film & Sheet Coverings
6.2.2 Wires & Cables
6.2.3 Medical Devices
6.2.4 Coated Fabrics
6.2.5 Roofing Membranes
6.2.6 Packaging Materials
6.2.7 Adhesives & Sealants
6.2.9 Market Size Estimations & Forecasts (2021-2026)
6.2.10 Y-o-Y Growth Rate Analysis
6.2.11 Market Attractiveness Index
6.3 Bio Plasticizers Market , By End User
6.3.4 Electrics & Electronics
6.3.5 Medical & Healthcare
6.3.6 Building & Construction
6.3.8 Market Size Estimations & Forecasts (2021-2026)
6.3.9 Y-o-Y Growth Rate Analysis
6.3.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.2.4 By End User
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.3.4 By End User
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.4.4 By End User
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.5.4 By End User
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By Application
7.6.4 By End User
8. Key Player Analysis
"8.1 Dow Chemical Company
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Vertellus Specialties Inc.
8.3 Evonik Industries Solvay S.A.
8.4 Lanxess AG
8.5 BioAmber Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
Segment-level analysis in terms of product along with market size forecasts and estimations to detect key areas of industry growth in detail.
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
Global Bio Plasticizers Market By Region, From 2021-2026 ( USD Billion )
Global Bio Plasticizers Market By Type, From 2021-2026 ( USD Billion )
Global Sebacates Market By Region, From 2021-2026 ( USD Billion )
Global Succinic Acid Market By Region, From 2021-2026 ( USD Billion )
Global Epoxides Market By Region, From 2021-2026 ( USD Billion )
Global Citrates Market By Region, From 2021-2026 ( USD Billion )
Global Glycerol Ester Market By Region, From 2021-2026 ( USD Billion )
Global Others Market By Region, From 2021-2026 ( USD Billion )
Global Bio Plasticizers Market By Application, From 2021-2026 ( USD Billion )
Global Film & Sheet Coverings Market By Region, From 2021-2026 ( USD Billion )
Global Wires & Cables Market By Region, From 2021-2026 ( USD Billion )
Global Medical Devices Market By Region, From 2021-2026 ( USD Billion )
Global Coated Fabrics Market By Region, From 2021-2026 ( USD Billion )
Global Roofing Membranes Market By Region, From 2021-2026 ( USD Billion )
Global Packaging Materials Market By Region, From 2021-2026 ( USD Billion )
Global Adhesives & Sealants Market By Region, From 2021-2026 ( USD Billion )
Global Others Market By Region, From 2021-2026 ( USD Billion )
Global Bio Plasticizers Market By End User , From 2021-2026 ( USD Billion )
Global Packaging Market By Region, From 2021-2026 ( USD Billion )
Global Automobile Market By Region, From 2021-2026 ( USD Billion )
Global Textiles Market By Region, From 2021-2026 ( USD Billion )
Global Electrics & Electronics Market By Region, From 2021-2026 ( USD Billion )
Global Medical & Healthcare Market By Region, From 2021-2026 ( USD Billion )
Global Building & Construction Market By Region, From 2021-2026 ( USD Billion )
Global Others Market By Region, From 2021-2026 ( USD Billion )