Global Bio Plasticizers Market 2022-2028
Bio plasticizers are polymer materials derived from renewable sources include vegetable oil and biomass. Application tests then showed that the bio-based plasticizers can already compete with existing plasticizers in many areas. They are meant for improving flexibility, softness, workability, and volatility of the plasticized materials. According to market research study published by Gen Consulting Company, the global bio plasticizers market stood at around USD 1,848 million in 2021 and is projected to rise to a worth of USD 2,797 million by 2028 end, thereby garnering a CAGR of 6.1% during 2022-2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global bio plasticizers market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the bio plasticizers industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for bio plasticizers can be segmented by product: castor oil-based plasticizers, citrates, epoxidized soybean oil (ESBO), succinic acid, others. The ESBO segment was the largest contributor to the global bio plasticizers market in 2021. Bio plasticizers market is further segmented by end user: automotive & transportation, building & construction, consumer goods, medical devices, packaging, others. According to the research, the building & construction segment had the largest share in the global bio plasticizers market. Based on region, the bio plasticizers market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).
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