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Bio Plasticizers Market By Product, By Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 311 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5640435
The global bio plasticizers market was valued at $1.4 billion in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.

Bio plasticizers are additives used in plastics that are derived from renewable, bio-based sources and serve to enhance the flexibility and other properties of the plastic materials while minimizing environmental and health concerns associated with traditional plasticizers. Bio plasticizers are often considered safer for human health and the environment as they do not contain harmful chemicals commonly found in some traditional plasticizers, such as phthalates. Bio plasticizers are used in a wide range of plastic products, including flexible PVC (polyvinyl chloride) materials, films, and coatings. They help improve the plastic's flexibility, durability, and overall performance.

Bio plasticizers offer the advantage of being biodegradable and compostable, reducing the environmental impact of plastic waste. This aligns with the goals of achieving a circular economy and reducing plastic pollution. Moreover, companies have diversified their supply chains and are sourcing materials from renewable and sustainable sources. This shift supports the use of bio plasticizers as part of an eco-friendlier supply chain strategy. However, while there is a surge in demand for sustainable and eco-friendly products, consumers and industries expect these products to be competitively priced. The cost disparity between bio plasticizers and conventional plasticizers is a barrier to adoption, particularly in price-sensitive markets. Nevertheless, the surge in demand from packaging industry is anticipated to offer many opportunities for market growth in the coming years.

The bio plasticizers market is segmented on the basis of product, application, and region. By product, the market is categorized into epoxidized soybean oil (ESBO), castor oil-based plasticizers, citrates, succinic acid, and others. By application, the bio plasticizers market is classified into flooring & walls, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report covers strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the bio plasticizers market include Evonik Industries AG, Dow Chemical Company, Avient Corporation, Lanxess AG, MATRCA S.P.A., Vertellus, Emery Oleochemicals, Cargill, BASF SE, and DIC CORPORATION. In addition, the market drivers, restraints, and opportunities are explained in the report.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bio plasticizers market analysis from 2022 to 2032 to identify the prevailing bio plasticizers market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the bio plasticizers market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global bio plasticizers market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly Update and* (only available with a corporate license, on listed price)
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  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
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  • Additional company profiles with specific to client's interest
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  • Expanded list for Company Profiles
  • SWOT Analysis

Key Market Segments

By Product

  • Epoxidized Soybean Oil (ESBO)
  • Castor Oil-Based Plasticizers
  • Citrates
  • Succinic Acid
  • Others

By Application

  • Wires and Cables
  • Coated Fabrics
  • Consumer Goods
  • Others
  • Flooring and Walls
  • Film and Sheet Coverings

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
  • Key Market Players
  • Evonik Industries AG
  • Vertellus
  • Dow
  • LANXESS
  • BASF SE
  • Emery Oleochemicals
  • Matrca S.p.A.
  • DIC CORPORATION
  • Cargill, Incorporated.
  • Avient Corporation
Frequently Asked Questions about the Global Bio Plasticizers Market

What is the estimated value of the Global Bio Plasticizers Market?

The Global Bio Plasticizers Market was estimated to be valued at $1.4 billion in 2022.

What is the growth rate of the Global Bio Plasticizers Market?

The growth rate of the Global Bio Plasticizers Market is 5.5%, with an estimated value of $2.4 billion by 2032.

What is the forecasted size of the Global Bio Plasticizers Market?

The Global Bio Plasticizers Market is estimated to be worth $2.4 billion by 2032.

Who are the key companies in the Global Bio Plasticizers Market?

Key companies in the Global Bio Plasticizers Market include Evonik Industries AG, Vertellus, Dow, LANXESS, BASF SE, Emery Oleochemicals, Matrca S.p.A., DIC CORPORATION, Cargill, Incorporated. and Avient Corporation.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.5. Value Chain Analysis
3.6. Regulatory Guidelines
3.7. Patent Landscape
3.8. Pricing Analysis
3.9. Production of Product Segment for 2022
CHAPTER 4: BIO PLASTICIZERS MARKET, BY PRODUCT
4.1. Overview
4.2. Epoxidized Soybean Oil (ESBO)
4.3. Castor Oil-Based Plasticizers
4.4. Citrates
4.5. Succinic Acid
4.6. Others
CHAPTER 5: BIO PLASTICIZERS MARKET, BY APPLICATION
5.1. Overview
5.2. Flooring and Walls
5.3. Film and Sheet Coverings
5.4. Wires and Cables
5.5. Coated Fabrics
5.6. Consumer Goods
5.7. Others
CHAPTER 6: BIO PLASTICIZERS MARKET, BY REGION
6.1. Overview
6.2. North America
6.3. Europe
6.4. Asia-Pacific
6.5. LAMEA
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
8.1. Emery Oleochemicals
8.2. Evonik Industries AG
8.3. LANXESS
8.4. Matrca S.p.A.
8.5. Dow
8.6. Avient Corporation
8.7. Vertellus
8.8. Cargill, Incorporated.
8.9. BASF SE
8.10. DIC CORPORATION
List of Tables
Table 01. Global Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 02. Global Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 03. Bio Plasticizers Market for Epoxidized Soybean Oil (Esbo), by Region, 2022-2032 ($ Million)
Table 04. Bio Plasticizers Market for Epoxidized Soybean Oil (Esbo), by Region, 2022-2032 (Kiloton)
Table 05. Bio Plasticizers Market for Castor Oil-Based Plasticizers, by Region, 2022-2032 ($ Million)
Table 06. Bio Plasticizers Market for Castor Oil-Based Plasticizers, by Region, 2022-2032 (Kiloton)
Table 07. Bio Plasticizers Market for Citrates, by Region, 2022-2032 ($ Million)
Table 08. Bio Plasticizers Market for Citrates, by Region, 2022-2032 (Kiloton)
Table 09. Bio Plasticizers Market for Succinic Acid, by Region, 2022-2032 ($ Million)
Table 10. Bio Plasticizers Market for Succinic Acid, by Region, 2022-2032 (Kiloton)
Table 11. Bio Plasticizers Market for Others, by Region, 2022-2032 ($ Million)
Table 12. Bio Plasticizers Market for Others, by Region, 2022-2032 (Kiloton)
Table 13. Global Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 14. Global Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 15. Bio Plasticizers Market for Flooring and Walls, by Region, 2022-2032 ($ Million)
Table 16. Bio Plasticizers Market for Flooring and Walls, by Region, 2022-2032 (Kiloton)
Table 17. Bio Plasticizers Market for Film and Sheet Coverings, by Region, 2022-2032 ($ Million)
Table 18. Bio Plasticizers Market for Film and Sheet Coverings, by Region, 2022-2032 (Kiloton)
Table 19. Bio Plasticizers Market for Wires and Cables, by Region, 2022-2032 ($ Million)
Table 20. Bio Plasticizers Market for Wires and Cables, by Region, 2022-2032 (Kiloton)
Table 21. Bio Plasticizers Market for Coated Fabrics, by Region, 2022-2032 ($ Million)
Table 22. Bio Plasticizers Market for Coated Fabrics, by Region, 2022-2032 (Kiloton)
Table 23. Bio Plasticizers Market for Consumer Goods, by Region, 2022-2032 ($ Million)
Table 24. Bio Plasticizers Market for Consumer Goods, by Region, 2022-2032 (Kiloton)
Table 25. Bio Plasticizers Market for Others, by Region, 2022-2032 ($ Million)
Table 26. Bio Plasticizers Market for Others, by Region, 2022-2032 (Kiloton)
Table 27. Bio Plasticizers Market, by Region, 2022-2032 ($ Million)
Table 28. Bio Plasticizers Market, by Region, 2022-2032 (Kiloton)
Table 29. North America Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 30. North America Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 31. North America Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 32. North America Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 33. North America Bio Plasticizers Market, by Country, 2022-2032 ($ Million)
Table 34. North America Bio Plasticizers Market, by Country, 2022-2032 (Kiloton)
Table 35. U.S. Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 36. U.S. Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 37. U.S. Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 38. U.S. Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 39. Canada Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 40. Canada Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 41. Canada Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 42. Canada Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 43. Mexico Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 44. Mexico Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 45. Mexico Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 46. Mexico Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 47. Europe Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 48. Europe Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 49. Europe Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 50. Europe Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 51. Europe Bio Plasticizers Market, by Country, 2022-2032 ($ Million)
Table 52. Europe Bio Plasticizers Market, by Country, 2022-2032 (Kiloton)
Table 53. Germany Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 54. Germany Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 55. Germany Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 56. Germany Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 57. France Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 58. France Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 59. France Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 60. France Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 61. Italy Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 62. Italy Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 63. Italy Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 64. Italy Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 65. UK Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 66. UK Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 67. UK Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 68. UK Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 69. Spain Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 70. Spain Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 71. Spain Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 72. Spain Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 73. Rest of Europe Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 74. Rest of Europe Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 75. Rest of Europe Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 76. Rest of Europe Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 77. Asia-Pacific Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 78. Asia-Pacific Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 79. Asia-Pacific Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 80. Asia-Pacific Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 81. Asia-Pacific Bio Plasticizers Market, by Country, 2022-2032 ($ Million)
Table 82. Asia-Pacific Bio Plasticizers Market, by Country, 2022-2032 (Kiloton)
Table 83. China Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 84. China Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 85. China Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 86. China Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 87. India Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 88. India Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 89. India Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 90. India Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 91. Japan Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 92. Japan Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 93. Japan Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 94. Japan Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 95. South Korea Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 96. South Korea Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 97. South Korea Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 98. South Korea Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 99. Australia Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 100. Australia Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 101. Australia Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 102. Australia Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 103. Rest of Asia-Pacific Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 104. Rest of Asia-Pacific Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 105. Rest of Asia-Pacific Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 106. Rest of Asia-Pacific Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 107. LAMEA Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 108. LAMEA Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 109. LAMEA Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 110. LAMEA Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 111. LAMEA Bio Plasticizers Market, by Country, 2022-2032 ($ Million)
Table 112. LAMEA Bio Plasticizers Market, by Country, 2022-2032 (Kiloton)
Table 113. Brazil Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 114. Brazil Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 115. Brazil Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 116. Brazil Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 117. Saudi Arabia Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 118. Saudi Arabia Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 119. Saudi Arabia Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 120. Saudi Arabia Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 121. South Africa Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 122. South Africa Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 123. South Africa Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 124. South Africa Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 125. Rest of LAMEA Bio Plasticizers Market, by Product, 2022-2032 ($ Million)
Table 126. Rest of LAMEA Bio Plasticizers Market, by Product, 2022-2032 (Kiloton)
Table 127. Rest of LAMEA Bio Plasticizers Market, by Application, 2022-2032 ($ Million)
Table 128. Rest of LAMEA Bio Plasticizers Market, by Application, 2022-2032 (Kiloton)
Table 129. Emery Oleochemicals: Key Executives
Table 130. Emery Oleochemicals: Company Snapshot
Table 131. Emery Oleochemicals: Product Segments
Table 132. Emery Oleochemicals: Product Portfolio
Table 133. Emery Oleochemicals: Key Stratergies
Table 134. Evonik Industries Ag: Key Executives
Table 135. Evonik Industries Ag: Company Snapshot
Table 136. Evonik Industries Ag: Product Segments
Table 137. Evonik Industries Ag: Product Portfolio
Table 138. Lanxess: Key Executives
Table 139. Lanxess: Company Snapshot
Table 140. Lanxess: Product Segments
Table 141. Lanxess: Product Portfolio
Table 142. Matrca S.P.A.: Key Executives
Table 143. Matrca S.P.A.: Company Snapshot
Table 144. Matrca S.P.A.: Product Segments
Table 145. Matrca S.P.A.: Product Portfolio
Table 146. Dow: Key Executives
Table 147. Dow: Company Snapshot
Table 148. Dow: Product Segments
Table 149. Dow: Product Portfolio
Table 150. Avient Corporation: Key Executives
Table 151. Avient Corporation: Company Snapshot
Table 152. Avient Corporation: Product Segments
Table 153. Avient Corporation: Product Portfolio
Table 154. Vertellus: Key Executives
Table 155. Vertellus: Company Snapshot
Table 156. Vertellus: Product Segments
Table 157. Vertellus: Product Portfolio
Table 158. Cargill, Incorporated.: Key Executives
Table 159. Cargill, Incorporated.: Company Snapshot
Table 160. Cargill, Incorporated.: Product Segments
Table 161. Cargill, Incorporated.: Product Portfolio
Table 162. Cargill, Incorporated.: Key Stratergies
Table 163. Basf Se: Key Executives
Table 164. Basf Se: Company Snapshot
Table 165. Basf Se: Product Segments
Table 166. Basf Se: Product Portfolio
Table 167. Basf Se: Key Stratergies
Table 168. Dic Corporation: Key Executives
Table 169. Dic Corporation: Company Snapshot
Table 170. Dic Corporation: Product Segments
Table 171. Dic Corporation: Product Portfolio
List of Figures
Figure 01. Bio Plasticizers Market, 2022-2032
Figure 02. Segmentation of Bio Plasticizers Market, 2022-2032
Figure 03. Top Impacting Factors in Bio Plasticizers Market
Figure 04. Top Investment Pockets in Bio Plasticizers Market (2023-2032)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Bio Plasticizers Market: Drivers, Restraints and Opportunities
Figure 11. Regulatory Guidelines: Bio Plasticizers Market
Figure 12. Patent Analysis by Company
Figure 13. Patent Analysis by Country
Figure 14. Pricing Analysis: Bio Plasticizers Market 2022 and 2032
Figure 15. Bio Plasticizers Market, by Product, 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Bio Plasticizers Market for Epoxidized Soybean Oil (Esbo), by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Bio Plasticizers Market for Castor Oil-Based Plasticizers, by Country 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Bio Plasticizers Market for Citrates, by Country 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Bio Plasticizers Market for Succinic Acid, by Country 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Bio Plasticizers Market for Others, by Country 2022 and 2032 (%)
Figure 21. Bio Plasticizers Market, by Application, 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Bio Plasticizers Market for Flooring and Walls, by Country 2022 and 2032 (%)
Figure 23. Comparative Share Analysis of Bio Plasticizers Market for Film and Sheet Coverings, by Country 2022 and 2032 (%)
Figure 24. Comparative Share Analysis of Bio Plasticizers Market for Wires and Cables, by Country 2022 and 2032 (%)
Figure 25. Comparative Share Analysis of Bio Plasticizers Market for Coated Fabrics, by Country 2022 and 2032 (%)
Figure 26. Comparative Share Analysis of Bio Plasticizers Market for Consumer Goods, by Country 2022 and 2032 (%)
Figure 27. Comparative Share Analysis of Bio Plasticizers Market for Others, by Country 2022 and 2032 (%)
Figure 28. Bio Plasticizers Market by Region, 2022 and 2032 (%)
Figure 29. U.S. Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 30. Canada Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 31. Mexico Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 32. Germany Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 33. France Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 34. Italy Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 35. UK Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 36. Spain Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 37. Rest of Europe Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 38. China Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 39. India Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 40. Japan Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 41. South Korea Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 42. Australia Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 43. Rest of Asia-Pacific Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 44. Brazil Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 45. Saudi Arabia Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 46. South Africa Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 47. Rest of LAMEA Bio Plasticizers Market, 2022-2032 ($ Million)
Figure 48. Top Winning Strategies, by Year (2020-2021)
Figure 49. Top Winning Strategies, by Development (2020-2021)
Figure 50. Top Winning Strategies, by Company (2020-2021)
Figure 51. Product Mapping of Top 10 Players
Figure 52. Competitive Dashboard
Figure 53. Competitive Heatmap: Bio Plasticizers Market
Figure 54. Top Player Positioning, 2022
Figure 55. Evonik Industries Ag: Net Sales, 2020-2022 ($ Million)
Figure 56. Evonik Industries Ag: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 57. Evonik Industries Ag: Revenue Share by Segment, 2022 (%)
Figure 58. Evonik Industries Ag: Revenue Share by Region, 2022 (%)
Figure 59. Lanxess: Net Sales, 2020-2022 ($ Million)
Figure 60. Lanxess: Revenue Share by Segment, 2022 (%)
Figure 61. Lanxess: Revenue Share by Region, 2022 (%)
Figure 62. Dow: Net Sales, 2020-2022 ($ Million)
Figure 63. Dow: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 64. Dow: Revenue Share by Segment, 2022 (%)
Figure 65. Dow: Revenue Share by Region, 2022 (%)
Figure 66. Avient Corporation: Net Sales, 2020-2022 ($ Million)
Figure 67. Avient Corporation: Revenue Share by Segment, 2022 (%)
Figure 68. Avient Corporation: Revenue Share by Region, 2022 (%)
Figure 69. Basf Se: Net Sales, 2020-2022 ($ Million)
Figure 70. Basf Se: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 71. Basf Se: Revenue Share by Segment, 2022 (%)
Figure 72. Basf Se: Revenue Share by Region, 2022 (%)
Figure 73. Dic Corporation: Net Sales, 2020-2022 ($ Million)
Figure 74. Dic Corporation: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 75. Dic Corporation: Revenue Share by Segment, 2022 (%)
Figure 76. Dic Corporation: Revenue Share by Region, 2022 (%)

Executive Summary

According to the report, the bio plasticizers market was valued at $1.4 billion in 2022, and is estimated to reach $2.4 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.

Bio plasticizers find applications in the wire and cable industry as eco-friendly alternatives to traditional plasticizers. These bio-based plasticizers help enhance the flexibility, electrical properties, and overall performance of wires and cables while reducing the environmental impact. In the production of PVC (polyvinyl chloride) insulated cables, bio plasticizers are incorporated to improve the flexibility of the insulation material. This flexibility is crucial for the cable to bend, coil, and withstand installation stresses. Bio plasticizers are used in the jacketing of cables to provide protection against environmental factors such as moisture, UV radiation, and abrasion. The plasticizers enhance the jacket's flexibility, making it easier to handle and install.

Further, bio plasticizers are used in agricultural films, such as greenhouse films and mulching films. They enhance the flexibility of the films, making them easier to handle and install. These films help improve crop yield, protect plants from weather conditions, and conserve water resources. Besides, bio plasticizers play a crucial role in the production of biodegradable films. These films are designed to break down naturally over time, reducing plastic waste in the environment. They are used in applications such as compostable bags and food packaging. Moreover, bio plasticizers are used in plastic wraps and cling films to improve their clinginess and ease of use in preserving food freshness.

Moreover, in the construction industry, bio plasticizers are used in roofing membranes and waterproofing materials to enhance their flexibility, ensuring they conform to irregular surfaces and provide long-lasting protection. Moreover, bio plasticizers are incorporated into geomembranes used for environmental containment, such as landfill liners and pond liners. These plasticizers improve the flexibility and resistance to environmental stress cracking.

Bio plasticizers contribute to reducing the environmental footprint of packaging materials. They are biodegradable and compostable, which means they break down naturally over time, reducing the persistence of plastic waste in landfills and ecosystems. Moreover, as consumer preferences shift toward eco-friendly and sustainable products, packaging manufacturers are under pressure to meet these demands. Bio plasticizers help in the development of packaging materials that appeal to environmentally conscious consumers. Bio plasticizers are particularly well-suited for food packaging applications due to their food-safe nature and biodegradability. They are used in items such as food wraps, containers, and disposable cutlery. In addition, many regions have implemented regulations and standards related to packaging materials, with a focus on reducing the use of conventional plastics and promoting sustainable alternatives. Bio plasticizers help packaging manufacturers comply with these regulations. In addition, brand owners and consumer goods companies collaborate with packaging manufacturers to develop sustainable packaging solutions. This collaboration drives the adoption of bio plasticizers in the packaging industry. Consequently, rise in demand from packaging industry is expected to offer lucrative opportunities in the coming years.

However, the production process for bio plasticizers is more complex and costly compared to the production of conventional plasticizers, which are typically derived from readily available petroleum-based sources. Moreover, the cost and availability of bio-based feedstocks vary due to factors such as weather conditions, crop yields, and geographic location. This variability in feedstock prices has impacted the overall cost of producing bio plasticizers. Further, traditional plasticizer production has benefited from economies of scale over many years, leading to efficient and cost-effective manufacturing processes. Bio plasticizers, being a relatively newer technology, have not reached the same level of scale and cost efficiency, making them more expensive to produce. Thus, the above-mentioned factors are anticipated to hamper market growth. However, despite these cost-related challenges, the bio plasticizers market is working to address them through ongoing R&D efforts aimed at improving production efficiency and cost-effectiveness. In addition, as consumer awareness of environmental issues continues to grow, and as governments implement regulations favoring sustainable alternatives, the cost-competitiveness of bio plasticizers improves over time, driving greater adoption in various industries.

The bio plasticizers market is segmented on the basis of product, application, and region. By product, the market is categorized into epoxidized soybean oil (ESBO), castor oil-based plasticizers, citrates, succinic acid, and others. By application, the bio plasticizers market is classified into flooring & walls, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players in the bio plasticizers industry include Evonik Industries AG, Dow Chemical Company, Avient Corporation, Lanxess AG, MATRCA S.P.A., Vertellus, Emery Oleochemicals, Cargill, BASF SE, and DIC CORPORATION.

Key Market Insights:

By product, the epoxidized soybean oil (ESBO) segment domindominatedmarket in 2022.

On the basis of application, the flooring and walls segment was the highest revenue contributor to the market in 2022.

Region wise, Asia-Pacific held the largest share of the global market in 2022.

Companies Mentioned

  • Evonik Industries AG
  • Vertellus
  • Dow
  • LANXESS
  • BASF SE
  • Emery Oleochemicals
  • Matrca S.p.A.
  • DIC CORPORATION
  • Cargill, Incorporated.
  • Avient Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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