According to the latest report by IMARC Group “Bio-plasticizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global bio-plasticizers market exhibited moderate during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

Cardanol, isosorbide esters and citrates, and epoxidized plant oils are examples of bio-plasticizers. They are applied to plasticized polymers to improve their flexibility, softness, texture, and functional qualities. They are used in the production of wire jackets, cables, food packaging material, and medical equipment because they are non-toxic, eco-friendly, resistant to leaching, miscible, and cost-effective.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The global demand for polyvinyl chloride (PVC) goods is currently increasing significantly. This is one of the primary drivers driving the market’s expansion. Bio-plasticizers are used in PVC product manufacturing because they improve the stability, safety, and efficacy of electrical components. Furthermore, they are widely used in the construction industry due to their ability to lower the water demand of concrete and improve the stability of building materials. Furthermore, top players are developing fast-acting bio-plasticizers from renewable plant-based feedstock. This is expected to stimulate the market.

Breakup by Product:

  • Epoxidized Soybean Oil (ESBO)
  • Castor Oil-Based Plasticizers
  • Citrates
  • Succinic Acid
  • Others

Breakup by Application:

  • Packaging Materials
  • Consumer Goods
  • Automotive and Transport
  • Building and Construction
  • Textiles
  • Agriculture and Horticulture
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Avient Corporation
  • DIC Corporation
  • Dow Inc.
  • DuPont de Nemours Inc.
  • Emery Oleochemicals LLC
  • Evonik Industries AG
  • Lanxess AG
  • Matrica S.p.A.
  • OQ Chemicals GmbH
  • Roquette Freres
  • Solvay S.A.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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