Latest Insights on the Global Bio Plasticizer Market 2020
The report “Bio Plasticizers Market by type (ESBO, Citrates, Castor oil, succinic acid & others), by application (packaging materials, medical devices, consumer goods, wires & cables, building & construction & others), by region - Trends & forecasts to 2020” defines and segments the bio plasticizers market with an analysis and forecast of its volume and value.
Browse 113 market data tables and 72 figures spread through 175 pages and in-depth TOC on “Bio Plasticizers Market - Trends & forecasts to 2020"
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Plasticizer is a substance that is added to other polymeric substances to aid processing of the polymer and to impart flexibility, plasticity, softness, and reduce brittleness. These additives are widely employed in PVC cable, PVC resins, wire jacketing, vinyl flooring, medical equipment, automobile parts, packaging materials, and consumer goods among others.
Phthalate-based plasticizer dominates the plasticizers market and accounted for a share of more than 80.0% of the global plasticizer market. The rising health concerns of consumers and other stringent environmental regulations are stimulating the demand for bio-plasticizer, as the end users are looking for safe, non-phthalate, and bio-degradable plasticizer.
Growth in end-use industries in developing nations such as China and India is expected to drive the bio plasticizer market in next five years. Ban on phthalates in consumer goods, food packaging materials, medical devices, and soft toys, is the other important factor contributing toward the growth of bio plasticizer.
The emergence of bio-based plasticizer has given rise to a new phase in the plasticizer industry. The stringent regulations and norms along with tight supply of harmful phthalates, such as DOP, DBP, BBP, and DEP have led to the development of eco-friendly plasticizer as a replacement to the traditional phthalates.
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North America is the largest market for bio plasticizer. North America accounted for a share of around 36.0% of the global bio plasticizer market.
The leading players of this industry are profiles with their recent developments and other strategic industry activities. Key participants in the bio plasticizer market include The Dow Chemical Company (U.S.), Vertellus Specialties Inc. (U.S.), Evonik Industries AG (Germany), Solvay S.A. (Belgium), Lanxess AG (Germany), BioAmber Inc. (Canada), Emery Oleochemicals Llc (U.S.), Matrica S.P.A. (Italy), Polyone Corporation (U.S.), Myriant Corporation (U.S.), and Danisco Inc. (U.S.).
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