Thumbnail

Bio-Plasticizers Market Size - Segmented by Type (Epoxidized Soybean Oil, Castor Oil, Citrates , Succinic Acid), Application (Wire & Cables, Film & Sheet, Flooring & Wall Covering, Medical Devices, Package Materials), and Geography - Growth, Trends, and Forecasts (2019 - 2024).

Looking to buy the report?

Bio-Plasticizers Market

The bio-plasticizers market is expected to register a moderate growth rate during the forecast period (2018 – 2023). Augmenting demand for flexible PVC and low VOC emissions and prohibition on phthalate-based plasticizers are expected to drive the market through the forecast period.

Prohibition on Phthalate-Based Plasticizers

Growth of construction sector in developing nations such as India, China, Brazil etc. are anticipated to drive the bio-plasticizers market during the forecasted period. The reduction in supply of harmful phthalates such as Benzyl Butyl Phthalate (BBP), Diethyl Phthalate (DEP), Dibutyl Phthalate (DBP), Dioctyl Phthalate (DOP) and augmenting consumer awareness are driving the growth of bio-plasticizers. Prohibition on phthalate-based plasticizers in consumer goods, food packaging material and medical products have led to the improvement of eco-friendly bio-based plasticizers. Furthermore, increasing stringent environmental regulations are increasing the demand for high-value, eco-friendly plasticizers.

Flooring & Wall Covering– The Largest Application

Bio-Plasticizers help in reducing water requirement and make concrete strong and workable. These are generally organic or a combination of organic and inorganic substances that help reduce water content for workability. The quantity of plasticizers added is about 0.1% to 0.4% by weight of cement. This amount reduces 5% to 15% of the water requirement and also leads to the increment of workability from about 3 to 8 cm slump. A plasticizer, in general, entrains less than 2% air. Thus, with the growing demand for conservation of water resources, the usage of plasticizers is rapidly increasing in flooring and wall covering.

                                            Bio-Plasticizers Market

Asia-Pacific to Lead the Bio-Plasticizers Market

Under the 13th five-year plan (2016-2020), the Chinese government is planning for an infrastructure development of 30,000 km of railway lines and 30,000 km of expressways. The Indian government has declared a target of USD 376.5 billion investment in infrastructure over a period of 3 years, including USD 120.5 billion for developing 27 industrial groups and USD 75.3 billion for road, railway, and port connectivity projects. In Australia, Forrest field Airport Link is expected to get USD 490 million worth investment, USD 261 million for Perth Freight Link, and USD 115 million for continuing work at the Western Sydney Airport. This is further increasing the use of bio-plasticizers in the building & construction as an additive in flooring and wall covering.

Bio-Plasticizers Market Major Players:

  • Matrica Spa
  • DowDupont
  • Evonik Industries AG
  • Lanxess AG
  • OXEA GmbH

Reasons to Purchase Bio-Plasticizers Market Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To identify the application that is expected to dominate the market
  • To identify regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customize  Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message