The global bio-plasticizer market is projected to reach $2.3 billion by 2027, at a CAGR of 7.7% during 2021-2027. The growth of bio- plasticizer market is driven by increasing demand for PVC, growing need for non-toxic alternative for phthalates plasticizer, stringent environment regulations, and increasing health concern.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the bio- plasticizer market by material
type (ESBO, citrates, castor oil, succinic acid, and others), end use industry
(packaging materials, medical devices, consumer goods, wires & cables,
building & construction, flooring and walls, and others), and region (North
America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the bio- plasticizer market?
Q.4 What are some
changing demands of customers in the bio- plasticizer market?
Q.5 What are the new
developments in the bio- plasticizer market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this bio- plasticizer area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this bio- plasticizer market?
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Market Segmentation:
Based on material type,
the bio- plasticizer market is segmented into ESBO, citrates, castor oil,
succinic acid, and others. The ESBO segment accounted for the largest share of
the market in 2021 and is expected to register the highest CAGR during the
forecast period, due to growth in packaging materials, medical devices,
consumer goods, and ban or restriction on phthalate plasticizer expected to
driver the demand for bio-plasticizer.
Asia Pacific is expected
to be the largest region by value and volume and will experience the highest
growth over the forecast period supported by increasing demand for PVC plastic
in construction, automotive, packaging, food and medical end use market in
emerging countries, such as China and India.
Key Players in the bio-
plasticizer market are Dow Chemical, Evonik Industries, Solvay, Lanxess,
Polyone, Danisco, Emery Oleochemicals, Matrica, Myriant Corporation, Hebei
Plasticizers, Jiangxi East Huge Dragon Chemical, Vertellus Specialties Inc.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/bio-plasticizer-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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