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Global Bio Plasticizers Market will cross USD 1,900 Million Mark by 2022

Global Bio Plasticizers Market will cross USD 1,900 Million Mark by 2022

Bio Plasticizers Market
Bio Plasticizers Market Information by Type(ESBO, Citrates, Castor oil, Succinic Acid and others), by Application (Packaging Materials, Medical Devices, Consumer Goods, Wires & Cables, Building & Construction and others) and by Region – Forecast to 2022

Market Highlights

Plasticizer are compounds incorporated in a polymer matrix to increase its flexibility and improve the chemical properties of plastic product. Earlier phthalate based plasticizer represented about 85% of the total plasticizer 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%. Also, plasticizers are the most commonly used additives used in plastic industries. Bio-based plasticizers are produced from vegetable raw materials and are used as an alternative of petroleum based plasticizers. The raw material used for production of bio-plasticizers are castor oil, soybean oil, palm oil and starch. Epoxidized Soybean Oil (ESBO) are the most commonly used bio-plasticizer. ESBO is manufactured from soybean oil through a process of epoxidation. ESBO is one of the most preferred additives in PVC gasket used particularly in food packaging.

Bio plasticizers Market is expected to grow with the CAGR 10.02 % of more than from 2016 to 2022, and with this it is predictable to cross USD 1,900 Million by 2022

Synopsis of Bio Plasticizers Market

Bio plasticizer are those polymer that exhibits less chemical and better bio-degradability. Plasticizer is a polymer additive that helps in increasing the polymer’s flexibility, elongation. Plasticizers are typically inactive organic materials with low vapor pressures and high boiling points.

The development of PVC as a commercially used polymer is connected to the development of additives used in the plasticization process. The improvement of bio-plasticizers is driven by growing consumer perception and limited supply of harmful phthalate. When phthalate plasticizers are in direct contact with bodily fluids, they have been found to be a health concern. Since they are readily miscible in organic solvents like saliva and plasma, there is a chance of ingesting or absorbing them during common medical procedures. It is believed that once they are absorbed, they get stored in the fatty tissue of humans and thus, can be disturbing to the development of embryo or fetus. Hence, Eco-friendly bio-based plasticizers for food packaging material, consumer goods and medical products are being developed due to ban on phthalate-based plasticizers.

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Key Players

The key players in market includes

  • The Dow Chemical Company,
  • Bioamber Inc.,
  • Vertellus Specialties Inc.,
  • Danisco Us Inc.,
  • Solvay S.A.,
  • Polyone Corporation,
  • Emery Oleochemicals Llc,
  • Myriant Corporation,
  • Evonik Industries,
  • Matrica Spa, Lanxess Ag
  • others.

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Table of Contents

1          Executive Summary 

2          Scope Of The Report

2.1        Market Definition 

2.2        Scope Of The Study 

2.2.1     Research Objectives 

2.2.2     Assumptions & Limitations 

2.3        Markets Structure 

 

3          Market Research Methodology 

3.1        Research Process 

3.2        Secondary Research 

3.3        Primary Research 

3.4        Forecast Model

 

4          Market Landscape 

4.1        Five Forces Analysis 

4.1.1     Threat Of New Entrants 

4.1.2     Bargaining Power Of Buyers 

4.1.3     Threat Of Substitutes 

4.1.4     Segment Rivalry 

4.2        Value Chain/Supply Chain Of Global Bio Plasticizers Market

 

5          Industry Overview Of Global Bio Plasticizers Market

5.1        Introduction 

5.2        Growth Drivers 

5.3        Impact Analysis 

5.4        Market Challenges 

5.5        Impact Analysis

 

6          Market Trends 

6.1        Introduction 

6.2        Growth Trends 

6.3        Impact Analysis 

7.         Global Bio Plasticizers Market By Region

Continue…..

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