Global Bio Plasticizers Market by Product Type (Citrates, ESBO, Succinic Acid, Castor Oil), by Application (Consumer Goods, Packaging, Textiles, Construction, Automotive) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2016, the global market for bioplasticizers was valued at 887.3 kilo tonnes. Bio-plasticizers are chemical additives that have fewer side effects than synthetic chemicals and high safety and biodegradability. It is expected that there will be an increase in the production and consumption of bio-based materials in different end-use industries due to growing demand. These green polymers can be used to make surface coatings for cables and polymers as well as additives in the plastic industry.

There are many toxic phthalates available, including dibutylphthalate(DBP), benzylbutylphthalate(BBP), dioctylphthalate/DOP and diethylphthalates (DEP). This has led to a growing consumer awareness in emerging countries like China and India. This is expected to drive the demand for biobased plasticizers. When used to make cables, it offers many benefits including temperature and electrical functioning. These additives can be derived from renewable feedstock like succinic acid and castor oil, epoxidized soy oil (ESBO), citrates and other substances that reduce carbon footprints.

In addition, the ban on phthalate-based additives due to stringent regulatory policies in the major packaging segments of food and pharmaceutical industries has fueled the growth of environmental-friendly plastic resins. The market growth will be limited by fluctuations in raw material prices and high costs of bio plasticizers.

American market growth is driven by the increasing demand for bioplasticizers that are used to produce a wide range of products packaging, textiles and building & construction materials, as well as transport, agricultural, automotive, and other transportation products. The region's future growth will be influenced by the implementation of advanced extraction techniques and processes that support rising global demand.

Bio-plasticizers are made primarily from vegetable raw materials and can be used in place of traditional petroleum-based plasticizers. These additives are made from ESBO and succinic acids, which are two of the most popular raw materials. ESBO, a popular additive in food packaging, is used in PVC gaskets. BioAmber and Myriant are two major manufacturers of succinic acids. They supply raw materials to product manufacturers in the North American region.

Manufacturers face constant changes in their environmental protocols, protocols and blending policies, which can lead to a greater threat to the global trade of bio-plasticizers. Market growth is expected to be triggered by the opting for eco-friendly, low-cost petrochemical options that do not compromise on product performance.

The growing awareness of the negative effects of petroleum-based plastics has prompted many U.S. polymer consumers to switch to green materials. This has resulted in an increase in global demand for these products. These resins can be used to modify the properties of a polymer to fit a specific application.

Product Insights

ESBO dominated overall demand and accounted for more than 37% of total demand in 2016. Soybean oil, a vegetable oil made from soybean seeds, is light yellow in color. It is used extensively as a stabilizer, and as an additive in plasticizers. Because of the epoxidation of double carbon-carbon bonds in vegetable oil, ESBO increases the reactivity of plasticizers.

To make flexible PVC, succinic acid is used. It has similar mechanical properties to DOA. They are used to produce bio-based additives that are phthalate-free, more renewable than traditional synthetic counterparts.

Castor oil and its derivatives can also be used to make flexible, semi-rigid and rigid plasticizers. It is resistant to hydrolysis and pigment dispersion. Citrates can be used as biodegradable, compostable and bio-based plasticizers for PLA, PVC, PHA, and other biopolymers.

Many global companies have begun to place more emphasis on sustainability throughout their supply chains and manufacturing processes in order to reduce energy, carbon emissions, and waste. The popularity of recycled bio-based polymers is rapidly growing because it reduces adverse environmental effects and provides high profits for vegetable oil producers.

Application Insights

Automotive & Transport is expected to experience the fastest growth over the forecast period. It is predicted to grow at a CAGR exceeding 11.0 percent between 2017 and 2025. By reducing the vehicle's weight and fuel consumption, bio plasticizers can help reduce emissions and fuel consumption. Plant-based polymers are used to make automotive interior fabrics. They have similar mechanical properties to synthetic counterparts. These fabrics offer additional benefits such as higher stiffness and excellent electrical and dimensional stability, higher surface gloss and greater thermal shock resistance.

The forecast period will see an average growth rate in packaging materials. These specialty additives are an integral part of protective packaging (convoluting), flexible and rigid food contact packaging (boxes or cartons), as well as many other packaging options for different industries. Global packaging companies employ sophisticated manufacturing processes and adaptable processes that can be tailored to meet the specific application needs of their customers, particularly in food packaging. Bio-based materials are able to protect food and extend its shelf life by improving barrier properties such as antimicrobial, oxygen and moisture resistance.

For agriculture and horticulture, the use of eco-friendly plastics is used to make eco-friendly silage bags, drip tapes, soil fumigation films, irrigation pipes, drip tapes, soil fumigation film, drip taps, nursery pots, and tarpaulins. The synthetic plastics will be able to withstand the environmental challenges of growing carbon footprints and have better properties and durability.

Easy and plentiful availability of renewable feedstock provides a steady supply of raw materials and supports the transition from traditional PVC plastics towards organic polymers. The U.S., Europe and other mature economies are constantly focusing on the production of eco-friendly fabrics and products, particularly in the textile and packaging sectors.

Regional Insights

China was the dominant country in global consumption at 44% and rising in the future. The country's rapid industrialization and high urbanization are expected to have fueled the demand for bio-plasticizers. The recent increase in demand has been attributed to high bio-based packaging material consumption in emerging economies like India, Japan, Taiwan and China.

North America accounted for the largest market share thanks to its continued expansion and technological advancement in packaging and consumer goods. The region's booming transport and automotive industries are key factors in its continued growth.

The government is also supporting the use of bio-based plastics in manufacturing, which is further stimulating the region's market growth. The US EPA and EU legislations have imposed policies that encourage sustainable manufacturing practices, the development of eco-friendly goods, and a decrease in carbon footprint. This is positively affecting the market.

Competitive Insights

Evonik Industries and Dow Chemical Company are some of the industry players in the bio-plasticizers marketplace. Over the forecast period, emerging economies like India, Japan, China and China will open up new markets for industry players. It is highly concentrated with very few companies holding significant market share.

Due to the volatile nature of the global market, many manufacturers are sensitive to energy and commodity prices. This makes it difficult for them to make high-profit margins. In the event of inventory buildup and a wider turndown, companies are prepared to react by restructuring, portfolio consolidation, and other business strategies.

The Report Covers Certain Segments

This report provides an analysis of current trends and forecasts revenue growth for each sub-segment between 2014 and 2025. Grand View Research has divided the global market for bioplasticizers on the basis carbon chain lengths, product, applications, and location.

• Product Outlook (Volume, Kilo Tons; Revenue, USD Million 2014 - 2025)

  • Epoxidized Soybean Oil (ESBO)

  • Castor Oil-Based Plasticizers

  • Citrates

  • Succinic Acid

  • Other

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million 2014 - 2025)

  • Packaging Materials

  • Consumer Goods

  • Transport & Automotive

  • Construction & building

  • Textiles

  • Agriculture & horticulture

  • Other

• Regional Outlook (Volume of Kilo Tons; Revenue USD Million 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • The Middle East and Africa

  • Central & South America

Up Market Research published a new report titled “Bio Plasticizers Market research report which is segmented by Product Type (Citrates, ESBO, Succinic Acid, Castor Oil), by Application (Consumer Goods, Packaging, Textiles, Construction, Automotive), By Players/Companies PolyOne Corporation, Lanxess AG, Evonik Industries, Danisco US Inc Other global players including BASF SE, Japan, BioAmber Inc, Solvay SA, Emery Oleochemicals LLC are actively engaged in technology & product innovations, R&D initiatives to widen their product portfolios and broaden their customer reach Emerging economies such as China, industrial collaborations, India are expected to open new market expansion opportunities for industry players over the forecast period The industry is consolidated with few companies occupying significant market share, Dow Chemical Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Bio Plasticizers Market Report Segments:

The market is segmented by Product Type (Citrates, ESBO, Succinic Acid, Castor Oil), by Application (Consumer Goods, Packaging, Textiles, Construction, Automotive).

Bio Plasticizers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Bio Plasticizers Market

Overview of the regional outlook of the Bio Plasticizers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Bio Plasticizers Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Bio Plasticizers Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Citrates

                2. ESBO

                3. Succinic Acid

                4. Castor Oil

                1. Consumer Goods

                2. Packaging

                3. Textiles

                4. Construction

                5. Automotive

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bio Plasticizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Bio Plasticizers Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.