Market Research Future Published Study Research Report on Bio-plasticizers Market Research Report – Global Forecast till 2025
Industry/ Innovation/ Related News:
July 2017– Technology Research Centre of Finland named as VTT developed LigniOx technology announced to expand lignin based concrete admixtures on the market. Duration of the project is of 4 years and budget allocation is around USD 6.89 million. This technology will give a new momentum in the grwith of global bio-based plasticizer market.
June 2017- Emery Oleochemicals announced to launch new high-performance plasticizer named as EDENOL-DOZ. This product launch will help company to expand their global footprint and strengthen their position across the globe.
Bio Plasticizers Market Ovevriew:
According to MRFR analysis, the global bio-plasticizers market is estimated to reach USD 2.42 billion by the end of 2025 at a robust CAGR of 9.8%. The growing demand for polyvinyl chloride (PVC) in different applications such as consumer goods and medical equipment is likely to boost the adoption of bio-plasticizers in PVC. Moreover, stringent regulations and ban on phthalate-based plasticizers in safe applications including food packaging and toys is expected to favor the global bio-plasticizers market growth.
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Bio Plasticizers Market Key Players:
Solvay (Belgium), Archer Daniels Midland Company (US), BASF SE (Germany), DowDuPont (US), Vertec BioSolvents (US), CREMER OLEO GmbH & Co. KG (Germany), Cargill, Incorporated (US), Corbion (The Netherlands), Merck KGaA (Germany), LyondellBasell Industries Holdings B.V. (US), Galactic (Belgium), and Arkema Group (France) are some of the key players operating in the global green and bio-based solvents market.
Bio Plasticizers Market Competitive Landscape:
The major bio plasticizer manufacturers include BASF SE, Evonik Industries, Polyone Corporation among others. The major players are focusing on extending their product portfolio with bio-based plasticizers and broaden their customer base through expansion. The manufacturers are focusing on offering the plasticizers produced using bio-based ingredients approved by FDA. The developing countries are anticipated to pose klucrative opportunities for the leading manufactuerers.
Bio Plasticizers Market Segment:
Solvents that are derived from biomass and agricultural sources such as soybean oil, corn, beet, sugarcane, lactic acid, and bio-succinic acid are referred to as green and bio-based solvents. These solvents are gaining momentum in the global market on account of their recyclability, biodegradability, eco-friendly nature, low VOC emissions, high boiling point, and low toxicity. There is a growing preference for bio-based solvents owing to less carbon emissions, depleting fossil fuels, and high efficiency.
The global green and bio-based solvents market has been classified on the basis of type, application, and region. By type, the global green and bio-based solvents market has been segmented into bio-alcohols, bio-glycols, bio-diols, ethyl lactate, D-limonene, methyl soy ate, and others (including hydrogen peroxide, bio-based butanediol, 2-methyltetrahydrofuran, etc.). Among these, the bio-alcohols, particularly the bio-ethanol segment dominated the global market on account of shifting focus from depleting petroleum sources. Methyl soy ate is projected to be the fastest-growing segment by 2025 as it is a viable green alternative for industrial solvents.
Based on application, the global green and bio-based solvents market has been classified into paints and coatings, industrial & domestic cleaning, printing inks, adhesives & sealants, pharmaceutical, cosmetics, agriculture, and others. Among these, the paints and coatings segment held the largest market share of more than 40% on account of the growing environmental concerns regarding usage of chemical-grade industrial solvents with a high VOC content in paints and coating solutions.
Bio Plasticizers Market Regional Analysis:
North America dominated the global green and bio-based solvents market on account of growing government support on production of bio-based solvents due to its biodegradability and non-toxic nature. Moreover, the growing awareness regarding the benefits of green solvents over hydrocarbon solvents in pharmaceutical and printing ink applications is also expected to boost the regional market growth. The US is expected to be the major contributor to the regional market owing to the growing R&D focus on improving product quality and efficiency. Asia-Pacific is expected to be the fastest-growing market owing to easy availability of raw material, cheap labor, and growing demand for eco-friendly solvents. China is expected to be the leading market in the region due to the availability of low-cost feedstock and large presence of manufacturers.
Bio Plasticizers Market Table Of Contents to be Continue…….,
Browse key industry insights spread across 140 pages with 35 market data tables & 10 figures & charts from the report, “Global Bio-plasticizers Market Information by Type (Epoxidized Soybean Oil (ESBO), Succinic Acid, Sebacates, Citrates, Castor Oil), Application (Packaging Materials, Medical Devices, Consumer Goods, Flooring and Walls) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2025” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/bio-plasticizers-market-2293
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