According to a new market report published by Lucintel, the future of the bio-plasticizer market looks attractive with opportunities in the packaging, medical device, consumer goods, wire & cable, and building & construction industries. The global bio-plasticizer market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.2 billion by 2025 with a CAGR of 10% to 12% from 2020 to 2025. The major drivers for this market are stringent environment regulations and increasing health concern.
In this market, various type of bio-plasticizer, such as ESBO (Epoxidized soybean oil), citrates, castor oil, and succinic acid are used as an additive in polymers to enhance flexibility, softness, and volatility. ESBO based bio-plasticizer will remain the largest material type and it is also expected to witness the highest growth over the forecast period due to restriction on phthalate plasticizer, ease of availability, and growth in packaging materials, medical devices, and consumer goods.
Within the bio-plasticizer market, packaging will remain the largest end use industry and it is also expected to witness the highest growth during the forecast period supported by increasing demand for eco-friendly plastics in the food and beverages, household products, personal care, and pharmaceutical packaging.
Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period, supported by increasing demand for PVC plastics in construction, automotive, packaging, food and medical industries in emerging countries, such as China and India.
Dow Chemical, Evonik Industries, Solvay, Lanxess, Polyone, Bioamber, Danisco, Emery Oleochemicals, Matrica, Myriant Corporation, Hebei plasticizers, Jiangxi East Huge Dragon Chemical, and Vertellus Specialties Inc. are among the major bio-plasticizer providers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global bio-plasticizer market by material type, end use industry, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Bio-Plasticizer Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global bio-plasticizer by material type, end use industry, and region as follows:
By Material Type [Kilotons and $M shipment analysis from 2014 to 2025]:
• Castor Oil
• Succinic Acid
By End Use Industry [Kilotons and $M shipment analysis from 2014 to 2025]:
• Packaging Materials
• Medical Devices
• Consumer Goods
• Wires & Cables
• Building and Construction
By Region [Kilotons and $M shipment analysis for 2014 – 2025]:
• North America
– United States
– United Kingdom
• Asia Pacific
– South Korea
• The Rest of the World
This 208-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global bio-plasticizer market by material type (ESBO, citrates, castor oil, succinic acid, and others), end use industry (packaging materials, medical devices, consumer goods, wires & cables, building & construction, flooring and walls, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?