Bio-plasticizers Market Research Report - Global Forecast till 2027

Global Bio-plasticizers Market: Information by Type (Epoxidized Soybean Oil (ESBO), Succinic Acid, Sebacates, Citrates, Castor Oil), Application (Packaging Materials, Medical Devices, Consumer Goods, Flooring and Walls) and Region Forecast till 2027

ID: MRFR/CnM/1686-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2017-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview:


Plasticizers are compounds that are incorporated in a polymer matrix to aid the processing of the polymer, increase its flexibility, and enhance the chemical properties of the products. They impart plasticity, softness, and reduce brittleness. Bio-plasticizers are biologically produced substances added to polymers to make them workable and pliable. They are based on renewable and natural sources and produced from raw materials such as castor oil, soybean oil, stearic acid, and starch. Addition of bio-plasticizers can lower the glass transition temperature, elastic modulus, and melt viscosity of the polymer. These plasticizers are essential to enhance the polymers’ characteristics to suit the particular application in which it is going to be used.


According to MRFR analysis, the global bio-plasticizers market is estimated to reach USD 2.42 billion by the end of 2025 at a robust CAGR of 9.8%. The growing demand for polyvinyl chloride (PVC) in different applications such as consumer goods and medical equipment is likely to boost the adoption of bio-plasticizers in PVC. Moreover, stringent regulations and ban on phthalate-based plasticizers in safe applications including food packaging and toys is expected to favor the global bio-plasticizers market growth. Bio-plasticizers hold significant potential for replacing phthalates in food packaging, personal care products, medical devices, and toys. In addition, the increase in the number of packaging industries and growing concern for safe and eco-friendly plastic films in food packaging are also expected to fuel the global market growth. The raw materials used to produce bio-based plasticizers are relatively expensive. Thus, continuous R&D and product innovation have resulted in the production of cost-effective and highly efficient plasticizers, which is likely to create numerous growth opportunities for the manufacturers of bio-plasticizers. Moreover, there is a growing demand for the product in the emerging countries of Asia-Pacific, which is also expected to create lucrative opportunities for the market players during the review period. However, the high cost of bio plasticizers is expected to hamper the global market growth in the coming years.


Global Bio-Plasticizers Market Share, By Application, 2017 (%)  Bio-Plasticizers Market


Source: MRFR Analysis


Regional Analysis


The global bio-plasticizers market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


The North American market held the largest market share in 2017 and is projected to be dominant during the forecast period owing to the stringent environmental regulations imposed by the US Environmental Protection Agency (EPA) on the use of phthalate plasticizers in medical equipment and food packaging. The US is expected to be the leading market in the region on account of the increasing government spending on replacement of conventional non-degradable plasticizers with bio-plasticizers. The European market held the second-largest market in 2017 owing to the increasing government spending on environmentally-friendly initiatives and growing demand for bio-plasticizers in personal care products and consumer goods. Germany is expected to be the prominent market in the region owing to the growing R&D investment for product development in packaging and medical industries. Other countries contributing to the regional market growth are France, Italy, Spain, and Switzerland. The Asia-Pacific market is projected to register the highest CAGR during the forecast period due to the growing awareness among consumers regarding bio-degradable and safe plasticizers and increasing government investments in R&D for the production of effective and low-cost bio-plasticizers. China is expected to be the major contributor in the region on account of the large consumer base and high consumption of plastics in packaging and consumer goods. India, Japan, South Korea, and Australia & New Zealand are other countries contributing to the regional market growth. The Middle East & Africa market is at a nascent stage and is likely to register a steady CAGR during the review period. UAE and Saudi Arabia are the major markets in the region. The Latin American market is estimated to exhibit a moderate CAGR in the following years owing to lenient environmental regulations and limited government spending on bio-plasticizers.


Segmentation Analysis:


The global bio-plasticizers market has been segmented based on type, application, and region.


On the basis of type, the global bio-plasticizers market has been categorized into epoxidized soybean oil (ESBO), citrates, succinic acid, sebacates, castor oil, glycerol esters, and others


Based on application, the global bio-plasticizers market has been classified into packaging materials, medical devices, consumer goods, wires and cables, flooring and walls, and others.


By region, the global bio-plasticizers market has been studied for five key regionsAsia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


Key Players:


Some of the key players operating in the global bio-plasticizers market are Solvay (Belgium), DowDuPont (US), Bioamber Inc (US), Vertellus Holdings LLC (US), PolyOne (US), Emery Oleochemicals (Malaysia), Myriant Corporation (US), Evonik Industries AG (Germany), Matrìca S.p.A. (Italy), and Lanxess AG (Germany).


Target Audience:



  • Plasticizers Manufacturers

  • Bio-Plasticizers Manufacturers

  • Raw Material Suppliers

  • Distributors and Suppliers of Raw Materials and Bio-Plasticizer

  • Potential Investors

  • Research Institutes

  • Government Bodies



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 2.42 Billion
  CAGR   9.8% (2017-2025)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Solvay (Belgium), DowDuPont (US), Bioamber Inc (US), Vertellus Holdings LLC (US), PolyOne (US), Emery Oleochemicals (Malaysia), Myriant Corporation (US), Evonik Industries AG (Germany), Matrìca S.p.A. (Italy), and Lanxess AG (Germany)
  Key Market Opportunities   R&D and product innovation have resulted in the production of cost-effective and highly efficient plasticizers
  Key Market Drivers

  • Growing demand for polyvinyl chloride (PVC) in different applications
  • Increase in the number of packaging industries and growing concern for safe and eco-friendly plastic films


  • TABLE OF CONTENTS

    1 Executive Summary

    2 Market Introduction

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    2.4 Key Takeaways

    3 Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    3.5 Forecast Model

    4 Market Dynamics of Global Bio-Plasticizers Market

    4.1 Introduction

    4.2 Drivers

    4.3 Restraints

    4.4 Opportunities

    4.5 Challenges

    4.6 Trends/Technology

    5 Market Factor Analysis of Global Bio-Plasticizers Market

    5.1 Supply Chain Analysis

    5.1.1 Raw Material Suppliers

    5.1.2 Manufacturers/Producers

    5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

    5.1.4 End User

    5.2 Porter’s Five Forces Analysis

    5.2.1 Threat of New Entrants

    5.2.2 Bargaining Power of Buyers

    5.2.3 Bargaining Power of Suppliers

    5.2.4 Threat of Substitutes

    5.2.5 Intensity of Competitive Rivalry

    5.3 Pricing Analysis

    6. Global Bio-Plasticizers Market, by Type

    6.1 Introduction

    6.2 Epoxidized Soybean Oil (ESBO)

    6.2.1 Market Estimates & Forecast, 2020−2027

    6.2.2 Market Estimates & Forecast, by Region, 2020−2027

    6.3 Citrates

    6.3.1 Market Estimates & Forecast, 2020−2027

    6.3.2 Market Estimates & Forecast, by Region, 2020−2027

    6.4 Succinic Acid

    6.4.1 Market Estimates & Forecast, 2020−2027

    6.4.2 Market Estimates & Forecast, by Region, 2020−2027

    6.5 Sebacates

    6.5.1 Market Estimates & Forecast, 2020−2027

    6.5.2 Market Estimates & Forecast, by Region, 2020−2027

    6.6 Castor Oil

    6.6.1 Market Estimates & Forecast, 2020−2027

    6.6.2 Market Estimates & Forecast, by Region, 2020−2027

    6.7 Glycerol Esters

    6.7.1 Market Estimates & Forecast, 2020−2027

    6.7.2 Market Estimates & Forecast, by Region, 2020−2027

    6.8 Others

    6.8.1 Market Estimates & Forecast, 2020−2027

    6.8.2 Market Estimates & Forecast, by Region, 2020−2027

    7. Global Bio-Plasticizers Market, by Application

    7.1 Introduction

    7.2 Packaging Materials

    7.2.1 Market Estimates & Forecast, 2020−2027

    7.2.2 Market Estimates & Forecast, by Region, 2020−2027

    7.3 Medical Devices

    7.3.1 Market Estimates & Forecast, 2020−2027

    7.3.2 Market Estimates & Forecast, by Region, 2020−2027

    7.4 Consumer Goods

    7.4.1 Market Estimates & Forecast, 2020−2027

    7.4.2 Market Estimates & Forecast, by Region, 2020−2027

    7.5 Wires and Cables

    7.5.1 Market Estimates & Forecast, 2020−2027

    7.5.2 Market Estimates & Forecast, by Region, 2020−2027

    7.6 Flooring and Walls

    7.6.1 Market Estimates & Forecast, 2020−2027

    7.6.2 Market Estimates & Forecast, by Region, 2020−2027

    7.7 Others

    7.7.1 Market Estimates & Forecast, 2020−2027

    7.7.2 Market Estimates & Forecast, by Region, 2020−2027

    8. Global Bio-Plasticizers Market, by Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, 2020−2027

    8.2.2 Market Estimates & Forecast, by Type, 2020−2027

    8.2.3 Market Estimates & Forecast, by Application, 2020−2027

    8.2.4 US

    8.2.4.1 Market Estimates & Forecast, 2020−2027

    8.2.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.2.4.3 Market Estimates & Forecast, Application, 2020−2027

    8.2.5 Canada

    8.2.5.1 Market Estimates & Forecast, 2020−2027

    8.2.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.2.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, 2020−2027

    8.3.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.4 Germany

    8.3.4.1 Market Estimates & Forecast, 2020−2027

    8.3.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.5 France

    8.3.5.1 Market Estimates & Forecast, 2020−2027

    8.3.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.6 Italy

    8.3.6.1 Market Estimates & Forecast, 2020−2027

    8.3.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.7 Spain

    8.3.7.1 Market Estimates & Forecast, 2020−2027

    8.3.7.2 Market Estimates & Forecast, by Type,2020−2027

    8.3.7.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.8 UK

    8.3.8.1 Market Estimates & Forecast, 2020−2027

    8.3.8.2 Market Estimates & Forecast, by Type,2020−2027

    8.3.8.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.9 Russia

    8.3.9.1 Market Estimates & Forecast, 2020−2027

    8.3.9.2 Market Estimates & Forecast, by Type,2020−2027

    8.3.9.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.10 Poland

    8.3.10.1 Market Estimates & Forecast, 2020−2027

    8.3.10.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.10.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.11 Rest of Europe

    8.3.11.1 Market Estimates & Forecast, 2020−2027

    8.3.11.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.11.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4 Asia-Pacific

    8.4.1 Market Estimates & Forecast, 2020−2027

    8.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.4 China

    8.4.4.1 Market Estimates & Forecast, 2020−2027

    8.4.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.5 India

    8.4.5.1 Market Estimates & Forecast, 2020−2027

    8.4.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.6 Japan

    8.4.6.1 Market Estimates & Forecast, 2020−2027

    8.4.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.7 Australia & New Zealand

    8.4.7.1 Market Estimates & Forecast, 2020−2027

    8.4.7.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.7.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.8 Rest of Asia-Pacific

    8.4.8.1 Market Estimates & Forecast, 2020−2027

    8.4.8.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.8.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5 Middle East & Africa

    8.5.1 Market Estimates & Forecast, 2020−2027

    8.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.4 GCC

    8.5.4.1 Market Estimates & Forecast, 2020−2027

    8.5.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.5 Israel

    8.5.5.1 Market Estimates & Forecast, 2020−2027

    8.5.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.6 North Africa

    8.5.6.1 Market Estimates & Forecast, 2020−2027

    8.5.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.7 Turkey

    8.5.7.1 Market Estimates & Forecast, 2020−2027

    8.5.7.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.7.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.8 Rest of Middle East & Africa

    8.5.8.1 Market Estimates & Forecast, 2020−2027

    8.5.8.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.8.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6 Latin America

    8.6.1 Market Estimates & Forecast, 2020−2027

    8.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6.4 Brazil

    8.6.4.1 Market Estimates & Forecast, 2020−2027

    8.6.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6.5 Argentina

    8.6.5.1 Market Estimates & Forecast, 2020−2027

    8.6.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6.6 Mexico

    8.6.6.1 Market Estimates & Forecast, 2020−2027

    8.6.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6.7 Rest of Latin America

    8.6.7.1 Market Estimates & Forecast, 2020−2027

    8.6.7.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.7.3 Market Estimates & Forecast, by Application, 2020−2027

    9. Company Landscape

    9.1 Introduction

    9.2 Market Strategy

    9.3 Key Development Analysis (Expansion/Mergers & Acquisitions/Joint Ventures/New Product Development/Agreements/Investments)

    10. Company Profiles

    10.1 DowDuPont

    10.1.1 Company Overview

    10.1.2 Financial Updates

    10.1.3 Product/Business Segment Overview

    10.1.4 Strategy

    10.1.5 Key Developments

    10.1.6 SWOT Analysis

    10.2 Vertellus Holdings LLC

    10.2.1 Company Overview

    10.2.2 Financial Updates

    10.2.3 Product/Business Segment Overview

    10.2.4 Strategy

    10.2.5 Key Developments

    10.2.6 SWOT Analysis

    10.3 Bioamber Inc

    10.3.1 Company Overview

    10.3.2 Financial Updates

    10.3.3 Product/Business Segment Overview

    10.3.4 Strategy

    10.3.5 Key Developments

    10.3.6 SWOT Analysis

    10.4 Solvay

    10.4.1 Company Overview

    10.4.2 Financial Updates

    10.4.3 Product/Business Segment Overview

    10.4.4 Strategy

    10.4.5 Key Developments

    10.4.6 SWOT Analysis

    10.5 PolyOne

    10.5.1 Company Overview

    10.5.2 Financial Updates

    10.5.3 Product/Business Segment Overview

    10.5.4 Strategy

    10.5.5 Key Developments

    10.5.6 SWOT Analysis

    10.6 Emery Oleochemicals

    10.6.1 Company Overview

    10.6.2 Financial Updates

    10.6.3 Product/Business Segment Overview

    10.6.4 Strategy

    10.6.5 Key Developments

    10.6.6 SWOT Analysis

    10.7 Myriant Corporation

    10.7.1 Company Overview

    10.7.2 Financial Updates

    10.7.3 Product/Business Segment Overview

    10.7.4 Strategy

    10.7.5 Key Developments

    10.7.6 SWOT Analysis

    10.8 Evonik Industries AG

    10.8.1 Company Overview

    10.8.2 Financial Updates

    10.8.3 Product/Business Segment Overview

    10.8.4 Strategy

    10.8.5 Key Developments

    10.8.6 SWOT Analysis

    10.9 Matrìca S.p.A.

    10.9.1 Company Overview

    10.9.2 Financial Updates

    10.9.3 Product/Business Segment Overview

    10.9.4 Strategy

    10.9.5 Key Developments

    10.9.6 SWOT Analysis

    10.10 Lanxess AG

    10.10.1 Company Overview

    10.10.2 Financial Updates

    10.10.3 Product/Business Segment Overview

    10.10.4 Strategy

    10.10.5 Key Developments

    10.10.6 SWOT Analysis

    11. Conclusion

    LIST OF TABLES


    Table 1 Global Bio-Plasticizers Market: by Region, 2020−2027

    Table 2 North America: Bio-Plasticizers Market, by Country, 2020−2027

    Table 3 Europe: Bio-Plasticizers Market, by Country, 2020−2027

    Table 4 Asia-Pacific: Bio-Plasticizers Market. by Country, 2020−2027

    Table 5 Middle East & Africa: Bio-Plasticizers Market, by Country, 2020−2027

    Table 6 Latin America: Bio-Plasticizers Market, by Country, 2020−2027

    Table 7 Global Bio-Plasticizers Type Market, by Regions, 2020−2027

    Table 8 North America: Bio-Plasticizers Type Market, by Country, 2020−2027

    Table 9 Europe: Bio-Plasticizers Type Market, by Country, 2020−2027

    Table10 Asia-Pacific: Bio-Plasticizers Type Market, by Country, 2020−2027

    Table11 Middle East & Africa: Bio-Plasticizers Type Market, by Country, 2020−2027

    Table12 Latin America: Bio-Plasticizers Type Market, by Country, 2020−2027

    Table13 Global Bio-Plasticizers Application Market, by Regions, 2020−2027

    Table14 North America: Bio-Plasticizers Application Market, by Country, 2020−2027

    Table15 Europe: Bio-Plasticizers Application Market, by Country, 2020−2027

    Table16 Asia-Pacific: Bio-Plasticizers Application Market, by Country, 2020−2027

    Table17 Middle East & Africa: Bio-Plasticizers Application Market, by Country, 2020−2027

    Table18 Latin America: Bio-Plasticizers by Application Market, by Country, 2020-2027

    Table19 Global Type Market, by Region, 2020−2027

    Table20 Global Application Market, by Region, 2020−2027

    Table21 North America: Bio-Plasticizers Market, by Country, 2020−2027

    Table22 North America: Bio-Plasticizers Market, by Type, 2020−2027

    Table23 North America: Bio-Plasticizers Market, by Application, 2020−2027

    Table24 Europe: Bio-Plasticizers Market, by Country, 2020−2027

    Table25 Europe: Bio-Plasticizers Market, by Type, 2020−2027

    Table26 Europe: Bio-Plasticizers Market, by Application, 2020−2027

    Table27 Asia-Pacific: Bio-Plasticizers Market, by Country, 2020−2027

    Table28 Asia-Pacific: Bio-Plasticizers Market, by Type, 2020−2027

    Table29 Asia-Pacific: Bio-Plasticizers Market, by Application, 2020−2027

    Table30 Middle East & Africa: Bio-Plasticizers Market, by Country, 2020−2027

    Table31 Middle East & Africa: Bio-Plasticizers Market, by Type, 2020−2027

    Table32 Middle East & Africa: Bio-Plasticizers Market, by Application, 2020−2027

    Table33 Latin America: Bio-Plasticizers Market, by Country, 2020−2027

    Table34 Latin America: Bio-Plasticizers Market, by Type, 2020−2027

    Table35 Latin America: Bio-Plasticizers Market, by Application, 2020−2027

    LIST OF FIGURES

    FIGURE 1 Global Bio-Plasticizers Market Segmentation

    FIGURE 2 Forecast Research Methodology

    FIGURE 3 Five Forces Analysis of Global Bio-Plasticizers Market

    FIGURE 4 Value Chain of Global Bio-Plasticizers Market

    FIGURE 5 Global Bio-Plasticizers Market, 2020−2027, by Country, 2020

    FIGURE 6 Share of Global Bio-Plasticizers Market, by Country, 2020−2027

    FIGURE 7 Global Bio-Plasticizers Market Size, by Type, 2020

    FIGURE 8 Share of Global Bio-Plasticizers Market, by Type, 2020−2027

    FIGURE 9 Global Bio-Plasticizers Market Size, by Application, 2020

    FIGURE10 Share of Global Bio-Plasticizers Market, by Application, 2020−2027