Bio Plasticizers Market Overview:
Bio Plasticizers Market was valued at USD 908 Million in 2018 and is projected to reach USD 1,900 Million in 2022. The market is expected to grow at a CAGR of 10.02 % during the forecasted period.
Bio Plasticizers Market Key Players:
Danisco Us Inc., Solvay S.A., Polyone Corporation, Emery Oleochemicals Llc, Myriant Corporation, Evonik Industries, The Dow Chemical Company, Bioamber Inc., Vertellus Specialties Inc., Matrica Spa, Lanxess Ag among others are some of the leading market players at the forefront of competition in the Global Bio Plasticizers Market and are profiled in MRFR Analysis.
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Bio Plasticizers Market Regional Analysis:
Geographically, North America accounted for the largest market share for bio plasticizers in 2016, followed by Europe which is further trailed by Asia Pacific. In North America the bio plasticizers market is projected to witness moderate growth over the estimated period due to substantial growth of medical & healthcare sector in this region. In North America, the market is further segmented into the U.S. and Canada, among these the U.S. is predicted to hold major regional market share of bio plasticizers due to robust presence of key operating players in this region. Asia Pacific is estimated to witness significant growth over the assessment period in bio plasticizers market over the assessment period, 2017 to 2023.
In Asia Pacific, the demand for bio plasticizers is anticipated to raise in various countries such as Japan, Indonesia, Malaysia, Taiwan, India, China, South Korea, and the Philippines on account of rising population combined with shifting of production facilities for most of the matured market players in this region. In Europe, bio plasticizers market is estimated to register substantial growth due to shifting consumer preference towards the bio plasticizers-based products along with high adoption rate in several end use industries specifically in UK, Germany, Poland, Italy, France, Belgium, Spain, and Russia. In addition, several countries of Latin America and the Middle East & Africa are estimated to witness steady growth in bio plasticizers owing to rising per capita disposable income along with sales of bio plasticizers-based product specifically in Chile, Guatemala, Peru, Argentina, Brazil, Mexico and Venezuela along with expanding transportation manufacturing hubs specifically in Saudi Arabia, Qatar, Oman, Israel, UAE, Kuwait, and Turkey.
Bio Plasticizers Market Segment:
Bio Plasticizers find usage in various end use application such as consumer goods, building & construction, medical devices, packaging materials, wires & cables, and others. The market is projected to witness tremendous growth due to their environmentally friendly nature along with excellent usage in various end use industries specifically in building & construction, electrical & electronics, automotive, and others. On the basis of type segment, ESBO is predicted to register strong growth followed by castor oil on account of their excellent properties along with growing use in end use industries worldwide.
Among the application segment, packaging material is estimated to register strong growth due to rising disposable income coupled with increasing usage of packaged products. Furthermore, increasing automotive manufacturing base in developing countries along with burgeoning need for high quality bio plasticizers is estimated to fuel the growth of the market over the estimated period.
Bio Plasticizers Market Competitive Landscape:
The major bio plasticizer manufacturers include BASF SE, Evonik Industries, Polyone Corporation among others. The major players are focusing on extending their product portfolio with bio-based plasticizers and broaden their customer base through expansion. The manufacturers are focusing on offering the plasticizers produced using bio-based ingredients approved by FDA. The developing countries are
Bio Plasticizers Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Bio Plasticizers Market
Bio Plasticizers Market Table of Content to be Continue…….,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/bio-plasticizers-market-2293
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