Title: Bio Plasticizers Market - Forecast(2022 - 2027)
1Bio Plasticizers Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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- Bio plasticizers market size is forecast to reach
US2.8 billion by 2026, after growing at a CAGR
of 9.2 during 2021-2026, owing to the increasing
usage of bio plasticizers in various end-use
industries for applications such as flooring and
wall coverings. - roofing membranes, electrical cable wire
insulation, automotive applications, medical
devices, synthetic leather goods, and so forth. - Recently, awareness of the use of bio-based
plasticizers in polyvinyl chloride (PVC)
manufacturing instead of phthalate-based
plasticizers has increased because they are
eco-friendly, which may offer a significant
opportunity for market growth.
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- Key Takeaways
- Asia-Pacific dominates the bio plasticizers
market, owing to the increasing healthcare
investments by the government in the region. For
instance, in 2018, the Australian Government
invested around 1.3 billion in the Health and
Medical Industry Growth Plan. - The ban on phthalate-based plasticizers has
fueled the growth of environmentally-friendly bio
plasticizers such as epoxidized soybean oil,
glycerol esters. - In emerging economies, the availability of toxic
phthalates including dibutyl phthalate (DBP),
benzyl butyl phthalate (BBP), dioctyl phthalate
(DOP).
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Bio Plasticizers Market Segment Analysis By
Geography Asia-Pacific region held the largest
share in the bio plasticizers market in 2020 up
to 42, owing to the increased demand for bio
plasticizers from the flourishing packaging
industry in the region. According to the Momentum
In India Swiss SMEs Programme (MISSP), the
Indian packaging industry is estimated to grow
from existing CHF 75 billion (US80 Billion) in
2020 to CHF 205 billion (US218.6 Billion) by
2025. The packaging industry in China is expected
to register a Compound Annual Growth Rate (CAGR)
of 13.5 percent during the forecast period,
according to the Sea-Circular Organization
(2020-2025).
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- Bio Plasticizers Market Industry Outlook
- Emery Oleochemicals
- Bioamber Inc
- DuPont
- Dow Chemical Company
- PolyOne Corporation
- Evonik Industries
- Lanxess AG
- Matrìca S.p.A
- Myriant Corporation
- Vertellus Holdings LLC
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Bio Plasticizers Market Forecast (
2022-2027) Learn More About the Report _at_
https//www.industryarc.com/Research/Bio-Plastici
zers-Market-Research-501555
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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