According to the latest report by IMARC Group “Bio-plasticizers Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026“, The global bio-plasticizers market exhibited moderate during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
Bio-plasticizers comprise epoxidized plant oils, isosorbide esters and citrates, and cardanol. They are used to improve the flexibility, softness, texture, and functional properties of plasticized polymers. As they are non-toxic, eco-friendly, resistant to leaching, miscible and cost-effective, they are utilized in the manufacturing of wire jackets, cables, food packaging material, and medical equipment.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
At present, there is a significant increase in the need for polyvinyl chloride (PVC) products around the world. This represents one of the key factors propelling the growth of the market. Bio-plasticizers are employed in the production of PVC products as they enhance the stability, safety, and effectiveness of electrical components. Moreover, on account of their ability to reduce the water requirement of the concrete and enhance the stability of building materials, they are widelyadopted in the construction industry. Furthermore, leading players are using renewable plant-based feedstock for developing fast-acting bio-plasticizers. Thisis anticipated to fuel the market.
Breakup by Product:
- Epoxidized Soybean Oil (ESBO)
- Castor Oil-Based Plasticizers
- Succinic Acid
Breakup by Application:
- Packaging Materials
- Consumer Goods
- Automotive and Transport
- Building and Construction
- Agriculture and Horticulture
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Avient Corporation
- BASF SE
- DIC Corporation
- Dow Inc.
- DuPont de Nemours Inc.
- Emery Oleochemicals LLC
- Evonik Industries AG
- Lanxess AG
- Matrica S.p.A.
- OQ Chemicals GmbH
- Roquette Freres
- Solvay S.A.
Key highlights of the Report:
- Market Performance
- Market Outlook
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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