Market Overview:
The global bio-based plasticizers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for bio-based plasticizers from various end-use industries, such as packaging materials, medical devices, consumer goods, wires & cables, building & construction and others. In addition, the stringent regulations imposed by governments across the globe regarding the use of phthalates in various applications are also fueling the growth of this market. Based on type, citric acid is projected to be one of the fastest growing segments in this market during the forecast period. This can be attributed to its properties such as biodegradability and non-toxicity which make it an ideal choice for use in a wide range of applications.
Product Definition:
Bio-based plasticizers are derived from renewable resources such as vegetable oils, animal fats, and plant-based alcohols. Bio-based plasticizers are important because they can be used to replace petroleum-based plasticizers, which can be harmful to the environment.
Citric Acid:
Citric acid is a key raw material used in the production of bio-based plasticizers. It is commercially available in two forms, namely, powder and liquid.
Castor Oil:
Castor oil is a type of vegetable oil which is extracted from the seeds of the plant Castor Plant. It has high amount of fatty acid and low amount of saturated fat. The chemical composition varies according to different regions due to variation in climatic conditions and soil properties in different countries like India, China, Brazil etc.
Application Insights:
The packaging materials segment dominated the global bio-based plasticizers market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for sustainable packaging solutions, coupled with rising concerns regarding environmental pollution.
Packaging materials was one of the largest applications of biopolymers in 2014 and accounted for around 40% of total consumption that year. The segment is also projected to register a considerable CAGR from 2018 to 2030 owing to factors such as growing consumerism in emerging economies such as China and India, which has resulted in an increased demand for flexible packaging products.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging economies including China, India, Indonesia, Malaysia and Thailand. In addition, rising population coupled with increased spending on consumer goods is anticipated to drive the bio-based plasticizers demand over the forecast period.
Europe was valued at USD X million in 2017 as it accounts for nearly 15% of global consumption share followed by North America which accounted for 13%. The growth can be attributed largely by packaging industry which has witnessed an increase in demand due to growing exports and imports coupled with domestic consumption especially within U.S., Germany and U.K.
Growth Factors:
- Increasing demand for bio-based plasticizers from the packaging and automotive industries on account of their environmental friendly nature.
- Rising awareness about the benefits of bio-based plasticizers over traditional plasticizers, which is likely to boost their demand over the forecast period.
- Growing investments in research and development activities for developing novel bio-based plasticizers that meet regulatory norms.
- Proliferation of stringent environmental regulations across key markets, which is expected to favor the adoption of bio-based plasticizers over conventional counterparts.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-based Plasticizers Market Research Report
By Type
Citric Acid, Castor Oil, Stearic Acid, Succinic Acid, Epoxidized Soybean Oil, Others
By Application
Packaging Materials, Medical Devices, Consumer Goods, Wires & Cables, Building & Construction, Others
By Companies
Proviron, Dow, Roquette, Lanxess, BASF, Evonik, ACS Technical Products, Solvay, Vertellus, Emery Oleochemicals, Matrica, Polyone Corporation, UPC Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Bio-based Plasticizers Market Report Segments:
The global Bio-based Plasticizers market is segmented on the basis of:
Types
Citric Acid, Castor Oil, Stearic Acid, Succinic Acid, Epoxidized Soybean Oil, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging Materials, Medical Devices, Consumer Goods, Wires & Cables, Building & Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Proviron
- Dow
- Roquette
- Lanxess
- BASF
- Evonik
- ACS Technical Products
- Solvay
- Vertellus
- Emery Oleochemicals
- Matrica
- Polyone Corporation
- UPC Group
Highlights of The Bio-based Plasticizers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Citric Acid
- Castor Oil
- Stearic Acid
- Succinic Acid
- Epoxidized Soybean Oil
- Others
- By Application:
- Packaging Materials
- Medical Devices
- Consumer Goods
- Wires & Cables
- Building & Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-based Plasticizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-based plasticizers are chemicals that are derived from plant sources. They are often used to make plastics more flexible and durable.
Some of the key players operating in the bio-based plasticizers market are Proviron, Dow, Roquette, Lanxess, BASF, Evonik, ACS Technical Products, Solvay, Vertellus, Emery Oleochemicals, Matrica, Polyone Corporation, UPC Group.
The bio-based plasticizers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio-based Plasticizers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bio-based Plasticizers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bio-based Plasticizers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bio-based Plasticizers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bio-based Plasticizers Market Size & Forecast, 2020-2028
4.5.1 Bio-based Plasticizers Market Size and Y-o-Y Growth
4.5.2 Bio-based Plasticizers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Citric Acid
5.2.2 Castor Oil
5.2.3 Stearic Acid
5.2.4 Succinic Acid
5.2.5 Epoxidized Soybean Oil
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Packaging Materials
6.2.2 Medical Devices
6.2.3 Consumer Goods
6.2.4 Wires & Cables
6.2.5 Building & Construction
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio-based Plasticizers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio-based Plasticizers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Citric Acid
9.6.2 Castor Oil
9.6.3 Stearic Acid
9.6.4 Succinic Acid
9.6.5 Epoxidized Soybean Oil
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Packaging Materials
9.10.2 Medical Devices
9.10.3 Consumer Goods
9.10.4 Wires & Cables
9.10.5 Building & Construction
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Citric Acid
10.6.2 Castor Oil
10.6.3 Stearic Acid
10.6.4 Succinic Acid
10.6.5 Epoxidized Soybean Oil
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Packaging Materials
10.10.2 Medical Devices
10.10.3 Consumer Goods
10.10.4 Wires & Cables
10.10.5 Building & Construction
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Citric Acid
11.6.2 Castor Oil
11.6.3 Stearic Acid
11.6.4 Succinic Acid
11.6.5 Epoxidized Soybean Oil
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Packaging Materials
11.10.2 Medical Devices
11.10.3 Consumer Goods
11.10.4 Wires & Cables
11.10.5 Building & Construction
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Citric Acid
12.6.2 Castor Oil
12.6.3 Stearic Acid
12.6.4 Succinic Acid
12.6.5 Epoxidized Soybean Oil
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Packaging Materials
12.10.2 Medical Devices
12.10.3 Consumer Goods
12.10.4 Wires & Cables
12.10.5 Building & Construction
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Citric Acid
13.6.2 Castor Oil
13.6.3 Stearic Acid
13.6.4 Succinic Acid
13.6.5 Epoxidized Soybean Oil
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Packaging Materials
13.10.2 Medical Devices
13.10.3 Consumer Goods
13.10.4 Wires & Cables
13.10.5 Building & Construction
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio-based Plasticizers Market: Competitive Dashboard
14.2 Global Bio-based Plasticizers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Proviron
14.3.2 Dow
14.3.3 Roquette
14.3.4 Lanxess
14.3.5 BASF
14.3.6 Evonik
14.3.7 ACS Technical Products
14.3.8 Solvay
14.3.9 Vertellus
14.3.10 Emery Oleochemicals
14.3.11 Matrica
14.3.12 Polyone Corporation
14.3.13 UPC Group
