Bio-Plasticizers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Bio-Plasticizers Market is segmented by Type (Epoxidized Soybean Oil, Castor Oil, Citrates, Succinic Acid, and Other Types), Application (Wire and Cables, Film and Sheet, Flooring and Wall Covering, Medical Devices, Package Materials, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Bio-Plasticizers Market Snapshot

Study Period:

2016 - 2026

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

6 %

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Market Overview

The global bio-plasticizers market is estimated to witness a healthy growth, at an estimated CAGR of over 6%, over the forecast period. The major factors driving the growth of the market studied are augmenting demand for flexible PVC and prohibition on phthalate-based plasticizers.

  • High cost when compared with typical plasticizers is likely to hinder the markets growth.
  • Ongoing research on bio-based plasticizers is likely to create opportunities for the market in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Scope of the report

The global bio-plasticizers market report includes:

Type
Epoxidized Soybean Oil (ESBO)
Castor Oil
Citrates
Succinic Acid
Other Types
Application
Wire and Cables
Film and Sheet
Flooring and Wall Covering
Medical Devices
Package Materials
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from Flooring and Wall Covering

  • 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.
  • Owing to all these factors, the demand for bio-plasticizers is likely to grow across the world during the forecast period.

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Asia-Pacific Region to Dominate the Market Growth

  • The Asia-Pacific construction sector is the largest in the world, and is growing at a healthy rate, owing to the rising population, increase in middle-class incomes, and urbanization.
  • Increasing infrastructure construction activities and the entry of major players from the European Union into the lucrative market of China have further fueled the industry’s expansion.
  • China’s 13th Five Year Plan started in 2016, as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition, the country ventured into new business models domestically and internationally, during the year. Although the construction sector slowed down after 2013, it is still a major contributor to the GDP of the country. The China’s construction industry developed rapidly in the recent past, due to the central government’s push for infrastructure investment, as a mean to sustain economic growth.
  • Furthermore, restrictions on foreign investment on land development, high-end hotels, office buildings, international exhibition centers, and construction and operation of large theme parks have also been lifted. The growth in the infrastructure and transportation sectors is expected to boost the bio-plasticizers market in the country, over the forecast period.

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Competitive Landscape

The bio-plasticizers market is partially consolidated in nature. Some of the major players in the market include Dow, Evonik Industries AG, LANXESS, Matrica S.p.A., and OXEA GmbH, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Augmenting Demand for Flexible PVC

      2. 4.1.2 Prohibition on Phthalate-Based Plasticizers

    2. 4.2 Restraints

      1. 4.2.1 High Cost when Compared with Typical Plasticizers

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Epoxidized Soybean Oil (ESBO)

      2. 5.1.2 Castor Oil

      3. 5.1.3 Citrates

      4. 5.1.4 Succinic Acid

      5. 5.1.5 Other Types

    2. 5.2 Application

      1. 5.2.1 Wire and Cables

      2. 5.2.2 Film and Sheet

      3. 5.2.3 Flooring and Wall Covering

      4. 5.2.4 Medical Devices

      5. 5.2.5 Package Materials

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Dow

      2. 6.4.2 Emery Oleochemicals

      3. 6.4.3 Evonik Industries AG

      4. 6.4.4 Hebei Jingu Plasticizer Co., Ltd

      5. 6.4.5 Jiangxi East Huge Dragon Chemical Co., Ltd

      6. 6.4.6 Jungbunzlauer Suisse AG

      7. 6.4.7 LANXESS

      8. 6.4.8 Matrica S.p.A.

      9. 6.4.9 Meridional TCS

      10. 6.4.10 OXEA GmbH

      11. 6.4.11 PolyOne Corporation

      12. 6.4.12 Roquette Freres

      13. 6.4.13 Solvay

      14. 6.4.14 Suzhou Sunbo Chemical Building Materials Co., Ltd

      15. 6.4.15 Vertellus Holdings LLC

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Ongoing Research on Bio-based Plasticizers

** Subject to Availability

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