According to the recent study the Bio-Plasticizer Market is projected to reach an estimated $3 billion by 2030 at a CAGR of 6% from 2024 to 2030. Growth in this market is primarily driven by increasing demand for PVC, growing need for non-toxic alternative for phthalates plasticizer, stringent environment regulations, and increasing health concern.
Browse 132 figures/charts
and 103 tables in this 201-page report to understand trends, opportunities and
forecast in 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).
“ESBO market is expected to remain the largest segment during the
forecast period.”
Based on material type,
the bio- plasticizer market is segmented into ESBO, citrates, castor oil,
succinic acid, and others. Lucintel forecasts that the ESBO market is expected to
remain the largest segment 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.
“Within the bio- plasticizer market, the packaging materials
segment is expected to remain the largest end use industry.”
Based on end use
industry the packaging materials segment is expected to witness the highest
growth over the forecast period due to increasing demand in the food and
beverages, household products, personal care, and pharmaceuticals packaging.
“Asia pacific will dominate the bio- plasticizer market in near
future.”
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.
Major players of bio-plasticizer market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Dow Chemical, Evonik
Industries, Solvay, Lanxess, Polyone, Danisco, Emery Oleochemicals, Matrica,
Myriant Corporation, Hebei Plasticizers, Jiangxi East Huge Dragon Chemical,
Vertellus Specialties Inc are among the major bio- plasticizer providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
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years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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