Bio Plasticizers Market is growing at a CAGR of 10.02% during forecasted period (2016-2022)

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

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.

Based on varying applications, Bio-Plasticizers Market can be segmented into, packaging materials, medical devices, consumer goods, wires & cables, building & construction & others. Bio-Plasticizers Market can be segmented into various groups depending on the type of additive present in that bio-plasticizer. Some examples of additives used are as follows: acrylonitrile-butadiene-styrene (ABS), acrylics, bromobutyl rubber, butyl terpolymer, cellulose acetate, etc.

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Key Player

The key players of Bio Plasticizers Market report 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 and others.   

Regional Analysis

“North-America is projected to be the largest market during the forecast period”

Geographically, North-America is expected to be the largest market for Bio Plasticizers accounting more than one third of the total market. North-America is most prominent market and its market share has accounted for 38% of the total market in 2015, North America has been growing at faster pace due to rising manufacturing industries and demand for Bio Based Plasticizers will aid in rise in growth of bio plasticizers market. U.S has accounted.

APAC is one of the growing region due to its economies, cheap labor cost in APAC and economical material used for production process. Moreover, Asia Pacific is projected to be the fastest growing market mainly due to medical, consumer goods, wires & cables, building & construction & others applications. While, Middle East & Africa regions are at the emerging stage in the bio plasticizers market.  

Scope of the study

The scope of the study categorizes the Bio Plasticizers Market as type, and application.

By Type

ü  ESBO

ü   Citrates

ü   Castor oil

ü  succinic acid

ü  Others

 By Application

ü  Packaging materials

ü  Medical devices

ü  Consumer goods

ü  Wires & Cables

ü  Building & Construction

ü  Others

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