The global bio plasticizers industry generated $1.4 Billion in 2022, and is anticipated to generate $2.4 Billion by 2032, witnessing a CAGR of 5.5% from 2023 to 2032.  

 

Allied Market Research published a report, titled, "Bio Plasticizers Market By Product (Epoxidized Soybean Oil (ESBO), Castor Oil-Based Plasticizers, Citrates, Succinic Acid, Others), By Application (Flooring And Walls, Film And Sheet Coverings, Wires And Cables, Coated Fabrics, Consumer Goods, Others): Global Opportunity Analysis And Industry Forecast, 2023-2032".  

 

Access Full Summary Report: https://www.alliedmarketresearch.com/bio-plasticizers-market 

 

Prime determinants of growth : 

The global bio plasticizers market is driven by the rising demand from automotive, construction, healthcare, and packaging industries and rise in environmental concerns. However, price competitiveness is anticipated to hinder the growth of the market. Nevertheless, the surge in demand from the packaging industry is expected to offer lucrative opportunities for market growth in the coming years. 

 

Leading Market Players: -  

  • EMERY OLEOCHEMICALS  

  • EVONIK INDUSTRIES AG  

  • LANXESS  

  • MATRCA S.P.A.  

  • DOW  

  • AVIENT CORPORATION  

  • VERTELLUS  

  • CARGILL, INCORPORATED.  

  • BASF SE  

  • DIC CORPORATION  

 

The report provides a detailed analysis of these key players in the global bio plasticizers market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.