Bio Plasticizers Market Size and Growth
Rate:
Bio Plasticizers Market Size is
expected to reach 2.59 Billion by 2025 With a CAGR of 9.5% during the forecast
period 2019-2025.
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Bio Plasticizers Market @ https://www.researchcosmos.com/reports/bio-plasticizers-market/13455791
Bio Plasticizers Market Growth Drivers
and Restraints:
The major drivers involved in the growth of global bio
plasticizers market are prohibition on phthalate plasticizer in stringent
environmental norms & regulations, consumer goods & medical products,
and developing economies. Tight supply of harmful phthalate such as DEP, DBP,
BBP, DOP and increasing consumer awareness are driving the growth of
bio-plasticizers. Limitation on phthalate-based plasticizers in consumer goods,
food packaging material, and medical products have led to the development of
eco-friendly bio-based plasticizers. The greater cost of bio-plasticizers
compared to phthalate-based plasticizers is a key challenge faced by the market
players. This utilized for cable manufacturing, offer several advantages in
terms of electrical and temperature performance as compared to traditional
plasticizers.
Geographical
Analysis of Bio Plasticizers Market:
Based on the regional presence, North America serves as the
highest market for bio-plasticizers due to flourishing sectors such as
chemicals and consumer goods, medical devices. The growing automotive &
transport sector in North America is a key factor responsible for the continued
growth of the market in this region.
Combinedly, North America and Europe account for a larger
share in the global market due to growth in the manufacturing and healthcare
industry. Europe is estimated to be among matured markets. Different efforts
made by various regulatory authorities to promote environmentally friendly
products have led to the demand of bio-plasticizers in developed regions. The
Middle East & Africa bio-plasticizers market is still at a nascent stage.
Additionally, emerging countries such as the UAE and Brazil
are expected to have a significant market share in the forecast period. Asia
Pacific (excluding Japan) is projected to be the second fastest growing market
in terms of market share, particularly in medical, value, wires & cables,
and packaging materials applications. Expanding end-user industries in
developing nations such as China, India, Brazil, etc. are expected to drive the
overall market during the coming years.
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Key Players of Bio Plasticizers Market:
Some of the major players operating in the world bio
plasticizers industry are Dow Chemical Company, Emery Oleochemicals, Evonik
Industries, Bioamber Inc., DuPont, Lanxess AG, Matrìca S.p.A., Myriant
Corporation, PolyOne Corporation, and Vertellus Holdings LLC., ROQUETTE,
Jungbunzlauer Suisse AG, OXEA GmbH, Proviron, Ltd., Suzhou Sunbo Chemical
Building Materials Co., and so on.
Bio Plasticizers Market Segmentation:
By Product:
·
Epoxidized Soybean Oil
·
Castor Oil-Based Plasticizers
·
Citrates
·
Succinic Acid
By Application:
·
Packaging
Materials
·
Consumer
Goods
·
Automotive
& Transport
·
Building
& Construction
·
Textiles
·
Agriculture
& Horticulture
By Region:
·
North
America
·
South
America
·
Europe
·
Asia
Pacific
·
Middle
East and Africa
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