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Bio Plasticizer Market Trends

Report ID: GMI10478
Published Date: Jul 2024
Report Format: PDF

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Bio Plasticizer Market Trends

The bio plasticizer industry is experiencing notable growth as industries seek more sustainable alternatives to traditional petrochemical-based plasticizers. Increasing environmental regulations and consumer demand for eco-friendly products are driving the adoption of bio-based plasticizers derived from renewable resources like vegetable oils and starches. Technological advancements in production processes are enhancing the performance and cost-effectiveness of these bio plasticizers. Key sectors such as automotive, packaging, and construction are integrating these sustainable solutions to meet green certifications and reduce carbon footprints. Overall, the market is trending towards a broader acceptance and innovation in bio plasticizers to align with global sustainability goals.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global Market size for bio plasticizer was valued at around USD 2.8 billion in 2023 and is anticipated to register a CAGR of over 7.9% between 2024 and 2032, driven by increasing environmental concerns and the shift towards sustainable and eco-friendly materials.

Epoxidized soybean oil segment was valued at USD 1.03 billion in 2023 and is expected to reach USD 2.15 billion by 2032, due to its excellent compatibility with various polymers and its effectiveness in improving flexibility and durability.

Asia Pacific Bio Plasticizer Market generated a revenue of USD 1.17 billion in 2023 and is expected to reach USD 2.4 billion by 2032, due to rapid industrialization, expanding manufacturing base, and increasing regulatory support for sustainable products.

Avient Corporation, BASF SE, Cargill, Inc., DIC Corporation, Dow, Inc., Emery Oleochemicals, Evonik Industries AG, Goldstab Organics Pvt. Ltd., GRUPO PRINCZ IPASA, and JUNGBUNZLAUER SUISSE AG.