Plasticizers are used to convert a rigid material into a softer, flexible, and more elastic material. Also, these additives help in improving the processing characteristics of the compound. Bio-plasticizers are chemicals with lower environmental toxicity and better biodegradability. These are based on renewable sources and are often produced from vegetable raw materials. Some most commonly used bio-plasticizers include Epoxidized Soybean Oil (ESBO), citrates, and castor oil. Bio-plasticizers can replace conventional plasticizers in toys, food packaging, personal care products, and medical devices.
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The bio-plasticizers market is anticipated to witness high growth in the forecast period owing to driving factors such as growing adoption of flexible PVC and ban on certain plasticizers such as phthalates in end-use products. Moreover, the high demand for the product from the packaging industry is further driving the growth of the bio-plasticizers market. However, the high costs of the bio-plasticizers hamper the market growth. Nonetheless, growing demands from the automotive industry and major R&Ds are likely to showcase significant growth opportunities for the major players involved in the bio-plasticizers market during the forecast period.
The "Global Bio-Plasticizers Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of bio-plasticizers market with detailed market segmentation by type, application, and geography. The global bio-plasticizers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bio-plasticizers market players and offers key trends and opportunities in the market.
The global bio-plasticizers market is segmented on the basis of type and application. Based on type, the market is segmented as epoxidized soybean oil (ESBO), castor oil, citrates, succinic acid, and others. on the basis of the application the market is segmented as wires & cables, films & sheets, floorings & wall coverings, medical devices, packaging materials, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bio-plasticizers market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bio-plasticizers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting bio-plasticizers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the bio-plasticizers market in these regions.
The reports cover key developments in the bio-plasticizers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from bio-plasticizers market are anticipated to lucrative growth opportunities in the future with the rising demand for bio-plasticizers in the global market. Below mentioned is the list of few companies engaged in the bio-plasticizers market.
The report also includes the profiles of key bio-plasticizers companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
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