Global Bio Plasticizers Market Growth Accelerated by Sustainability Concerns

The Global Bio Plasticizers Market size valued to USD 1.55 billion, pegged a volumetric sale of 2,148.7 kilotons in 2019, and is predicted an elevation of USD 2.11 billion, with an increase in volumetric sale up to 3,089.6 Kilotons by 2030, growing with a respective CAGR of 2.7% and 3.3% from 2020-2030.Bio Plasticizers are bio-based polymer additives obtained from castor oil, soybean, starch, palm oil, and other such vegetable raw materials.

Bio plasticizers can easily replace phthalate from packaging, medical devices, toys, personal care products and many such products.Access Full Description of this report at:- https://www.nextmsc.com/report/bio-plasticizers-market Top Companies: DuPont, Bioamber Inc., DOW Chemical Company, Evonik Industries, Emery Oleochemicals, Lanxess AG, Myriant Corporation, Matrìca S.p.A., PolyOne Corporation, Galata Chemicals, Vertellus Holdings LLC., Roquette, Oxea GmbH, Jungbunzlauer Suisse AG, Proviron, Hebei Jingu Plasticizer Co., Ltd. and Jiangxi East Huge Dragon Chemical Co., Ltd and others.The global bio plasticizers market share analysis is based on type, application, and geography.

Based on type, the market is segmented into Epoxides, Sebacates, Succinic Acid, Citrates, Glycerol Esters, and Others.

This is attributed to stringent regulations regarding ban of phthalates, leading to higher adoption of bio plasticizers.

The Europe region is expected to hold the second-highest market shares, representing a substantial growth of the bio plasticizers market over the forecast period.

Factors such as growing awareness among consumers regarding bio-degradable as well as eco-friendly plasticizers, higher investments in R activities, increasing government initiatives to produce effective and low-cost bio-plasticizers.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.

This is due to increasing domestic demand, and stringent norms & regulations.

Intensified efforts of different regulatory authorities to promote environmentally friendly products have led to higher growth of bio plasticizers in this region.This report follows both top-down and bottom-up approaches to estimate and forecast the global bio plasticizer market size.

Competitive scenarios of the top players in the bio plasticizer market have been discussed in detail.

The key participants in this market are The Dow Chemical Company (U.S.), Vertellus Specialties Inc. (U.S.), Evonik Industries AG (Germany), Solvay S.A. (Belgium), Lanxess AG (Germany), BioAmber Inc. (Canada), Emery Oleochemicals Llc (Malaysia), Matrica S.P.A. (Italy), Polyone Corporation (U.S.), Myriant Corporation (U.S.), and Danisco Inc. (U.S.).Request report sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=70153683Growth in end-use industries in developing nations such as China and India is expected to drive the bio plasticizer market in next five years.

The stringent regulations and norms along with tight supply of harmful phthalates, such as DOP, DBP, BBP, and DEP have led to the development of eco-friendly plasticizer as a replacement to the traditional phthalates.The plasticizer industry is focusing on introducing safer and non-toxic bio-based plasticizer to help manufacturers go green; they can also replace the traditional phthalates in various applications.

Bio-based plasticizer are renewable and are produced from vegetable raw materials and renewables that are used as an alternative for petroleum-based plasticizer, in many general purpose and PVC applications.