Bio Plasticizers Market – Historical analysis, Current Market Scenario and the Potential of the Market till 2022
Sep 27, 2017
Bio Plasticizers Market Information by Type(ESBO, Citrates, Castor oil, Succinic Acid and others), by Application (Packaging Materials, Medical Devices, Consumer Goods, Wires & Cables, Building & Construction and others) and by Region - Forecast to 2022
Pune, India - September 27, 2017 /MarketersMedia/ —
Market Highlights
Bio plasticizer are those polymer that exhibits less chemical and better bio-degradability. Plasticizer is a polymer additive that helps in increasing the polymer’s flexibility, elongation. Plasticizers are typically inactive organic materials with low vapor pressures and high boiling points.
The development of PVC as a commercially used polymer is connected to the development of additives used in the plasticization process. The improvement of bio-plasticizers is driven by growing consumer perception and limited supply of harmful phthalate. When phthalate plasticizers are in direct contact with bodily fluids, they have been found to be a health concern. Since they are readily miscible in organic solvents like saliva and plasma, there is a chance of ingesting or absorbing them during common medical procedures. It is believed that once they are absorbed, they get stored in the fatty tissue of humans and thus, can be disturbing to the development of embryo or fetus. Hence, Eco-friendly bio-based plasticizers for food packaging material, consumer goods and medical products are being developed due to ban on phthalate-based plasticizers. Bio plasticizers Market is expected to grow with the CAGR 10.02 % of more than from 2016 to 2022, and with this it is predictable to cross USD 1,900 Million by 2022
Key Players
The key players in market includes
• The Dow Chemical Company,
• Bioamber Inc.,
• Vertellus Specialties Inc.,
• Danisco Us Inc.,
• Solvay S.A.,
• Polyone Corporation,
• Emery Oleochemicals Llc,
• Myriant Corporation,
• Evonik Industries,
• Matrica Spa, Lanxess Ag
• others.
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Segment analysis:
Bio plasticizers market as type and application is segmented into by type: ESBO, Citrates, Castor oil, succinic acid and others and by application packaging materials, medical devices, consumer goods, wires & cables, building & construction & others. Bio plasticizers such as ESBO, and castor oil-based, are anticipated to have high demand in their respective applications. ESBO was one of the majorly consumed plasticizer in 2016. The key driver for bio plasticizer are increasing demand in developing countries coupled with growing manufacturer’s preference for phthalate free plasticizer in end-use products. However the higher cost of bio plasticizer is the major roadblock for the growth of the bio plasticizer market.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Bio Plasticizers Market Research Report- Forecast to 2022”
North America has dominated Bio Plasticizers Market in 2016
North America will be the ruling market for global bio plasticizers, anticipated to witness highest CAGR. The market has been growing due to various growing manufacturing sector namely, medical devices, chemicals and consumer goods. Europe and North America accounted for largest share in 2016 due to stringent regulation in various developed countries have led to boost the market for bio plasticizer.
Middle East and Africa bio plasticizers market are at the potential stage. Asia-Pacific are one of the fastest growing market specifically, china, India, south-Korea, with rise in development of emerging economies can cause countries like China, India, to contribute more amount of share in this market., it is projected to grow at the highest CAGR from 2015 to 2022.
Scope of the study
The scope of the study categorizes the Bio Plasticizers market as type, and application.
By Type
o ESBO
o Citrates
o Castor oil
o succinic acid
o Others
By Application
o Packaging materials
o Medical devices
o Consumer goods
o Wires & Cables
o Building & Construction
o Others
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Source: MarketersMedia
Release ID: 241619
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