Asia Pacific Bio Plasticizers Market Size, Share & Trends Analysis Report By Product (Epoxidized Soyabean Oil (ESBO), Castor Oil-based Plasticizer, Citrates, Succinic Acid, and Others), By Application, By Country and Growth Forecast, 2024

Description

List of Tables

The Asia Pacific Bio Plasticizers Market would witness market growth of 8.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 686.38 Kilo Tonnes, showcasing a growth of 13.4% (2020-2023).

Citrates are a widely used class of in the market, offering an eco-friendly alternative to traditional phthalate-based plasticizers. Citrates, such as acetyl tributyl citrate (ATBC) and tributyl citrate (TBC), are derived from citric acid, a naturally occurring organic acid found in citrus fruits. These compounds are commonly employed as plasticizers in polymer formulations to improve flexibility, elasticity, and processability. In terms of volume, the India Market consumed 17.65 Kilo Tonnes Citrates in 2023.

The China market dominated the Asia Pacific Bio Plasticizers Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $602.5 million by 2031. The India market is registering a CAGR of 9.2% during (2024 - 2031). Additionally, The Japan market would showcase a CAGR of 7.7% during (2024 - 2031).

Bio plasticizers are being used to produce flexible and sustainable packaging materials that can help reduce the use of traditional plastics derived from fossil fuels. Similarly, in the automotive industry, there is a trend toward using bio-based materials in vehicle interiors to reduce the environmental footprint of automobiles. As these industries expand, their demand will increase as well.

The market is experiencing substantial growth across various end-use industries, driven by the increasing demand for sustainable and eco-friendly materials. One of the key industries benefiting from the adoption of these is the packaging industry. These facilitate the production of extensible and sustainable packaging materials, thereby catering to the increasing market demand for eco-friendly alternatives.

The Asia Pacific region is experiencing a significant expansion in the market, driven by key industries such as textiles, apparel, automotive, and handicrafts. For example, India's domestic apparel and textile industry contributes approximately 2.3% of the country's GDP and 7% of industry output in value terms. The textile, apparel, and handicrafts sector also plays a crucial role in India's exports, accounting for 11.4% of the country's total exports in 2020-21, with textile exports reaching over US$44 billion in FY 2021-22. This growth in the textile industry is driving the demand for sustainable materials, including bio plasticizers, to reduce environmental impact. Therefore, the region will present lucrative growth prospects for the market.

Based on Product, the market is segmented into Epoxidized Soyabean Oil (ESBO), Castor Oil-based Plasticizer, Citrates, Succinic Acid, and Others. Based on Application, the market is segmented into Packaging Materials, Consumer Goods, Automotive & Transport, Building & Construction, Textile, Agriculture & Horticulture, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

Avient Corporation
BASF SE
Cargill, Incorporated
DIC Corporation
The Dow Chemical Company
Evonik Industries AG (RAG-Stifung)
Lanxess AG
Solvay SA
ACS Technical Products
Emery Oleochemicals LLC

Asia Pacific Bio Plasticizers Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Epoxidized Soyabean Oil (ESBO)
Castor Oil-based Plasticizer
Citrates
Succinic Acid
Others

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Packaging Materials
Consumer Goods
Automotive & Transport
Building & Construction
Textile
Agriculture & Horticulture
Others

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Bio Plasticizers Market, by Product
- 1.4.2Asia Pacific Bio Plasticizers Market, by Application
- 1.4.3Asia Pacific Bio Plasticizers Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.Asia Pacific Bio Plasticizers Market by Product

4.1Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country
4.2Asia Pacific Castor Oil-based Plasticizer Market by Country
4.3Asia Pacific Citrates Market by Country
4.4Asia Pacific Succinic Acid Market by Country
4.5Asia Pacific Others Market by Country

Chapter 5.Asia Pacific Bio Plasticizers Market by Application

5.1Asia Pacific Packaging Materials Market by Country
5.2Asia Pacific Consumer Goods Market by Country
5.3Asia Pacific Automotive & Transport Market by Country
5.4Asia Pacific Building & Construction Market by Country
5.5Asia Pacific Textile Market by Country
5.6Asia Pacific Agriculture & Horticulture Market by Country
5.7Asia Pacific Others Market by Country

Chapter 6.Asia Pacific Bio Plasticizers Market by Country

6.1China Bio Plasticizers Market
- 6.1.1China Bio Plasticizers Market by Product
- 6.1.2China Bio Plasticizers Market by Application
6.2India Bio Plasticizers Market
- 6.2.1India Bio Plasticizers Market by Product
- 6.2.2India Bio Plasticizers Market by Application
6.3Japan Bio Plasticizers Market
- 6.3.1Japan Bio Plasticizers Market by Product
- 6.3.2Japan Bio Plasticizers Market by Application
6.4South Korea Bio Plasticizers Market
- 6.4.1South Korea Bio Plasticizers Market by Product
- 6.4.2South Korea Bio Plasticizers Market by Application
6.5Australia Bio Plasticizers Market
- 6.5.1Australia Bio Plasticizers Market by Product
- 6.5.2Australia Bio Plasticizers Market by Application
6.6Malaysia Bio Plasticizers Market
- 6.6.1Malaysia Bio Plasticizers Market by Product
- 6.6.2Malaysia Bio Plasticizers Market by Application
6.7Rest of Asia Pacific Bio Plasticizers Market
- 6.7.1Rest of Asia Pacific Bio Plasticizers Market by Product
- 6.7.2Rest of Asia Pacific Bio Plasticizers Market by Application

Chapter 7.Company Profiles

7.1Avient Corporation
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5Recent strategies and developments:
  - 7.1.5.1Acquisition and Mergers:
- 7.1.6SWOT Analysis
7.2BASF SE
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Segmental and Regional Analysis
- 7.2.4Research & Development Expense
- 7.2.5Recent strategies and developments:
  - 7.2.5.1Partnerships, Collaborations, and Agreements:
- 7.2.6SWOT Analysis
7.4DIC Corporation
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Segmental and Regional Analysis
- 7.4.4Research & Development Expenses
- 7.4.5SWOT Analysis
7.5The Dow Chemical Company
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Research & Development Expenses
- 7.5.5SWOT Analysis
7.6Evonik Industries AG (RAG-Stiftung)
- 7.6.1Company Overview
- 7.6.2Financial Analysis
- 7.6.3Segmental and Regional Analysis
- 7.6.4Research & Development Expenses
- 7.6.5Recent strategies and developments:
  - 7.6.5.1Product Launches and Product Expansions:
- 7.6.6SWOT Analysis
7.7Lanxess AG
- 7.7.1Company Overview
- 7.7.2Financial Analysis
- 7.7.3Segmental and Regional Analysis
- 7.7.4Research & Development Expenses
- 7.7.5Recent strategies and developments:
  - 7.7.5.1Partnerships, Collaborations, and Agreements:
  - 7.7.5.2Acquisition and Mergers:
- 7.7.6SWOT Analysis
7.8Solvay SA
- 7.8.1Company Overview
- 7.8.2Financial Analysis
- 7.8.3Segmental and Regional Analysis
- 7.8.4Research & Development Expenses
- 7.8.5SWOT Analysis
7.9ACS Technical Products
- 7.9.1Company Overview
- 7.9.2SWOT Analysis
7.10.Emery Oleochemicals LLC
- 7.10.1Company Overview
- 7.10.2SWOT Analysis

LIST OF TABLES

TABLE 1Asia Pacific Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 2Asia Pacific Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 3Asia Pacific Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 4Asia Pacific Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 5Asia Pacific Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 6Asia Pacific Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 7Asia Pacific Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 8Asia Pacific Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 9Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country, 2020 - 2023, USD Million
TABLE 10Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country, 2024 - 2031, USD Million
TABLE 11Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13Asia Pacific Castor Oil-based Plasticizer Market by Country, 2020 - 2023, USD Million
TABLE 14Asia Pacific Castor Oil-based Plasticizer Market by Country, 2024 - 2031, USD Million
TABLE 15Asia Pacific Castor Oil-based Plasticizer Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16Asia Pacific Castor Oil-based Plasticizer Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17Asia Pacific Citrates Market by Country, 2020 - 2023, USD Million
TABLE 18Asia Pacific Citrates Market by Country, 2024 - 2031, USD Million
TABLE 19Asia Pacific Citrates Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20Asia Pacific Citrates Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21Asia Pacific Succinic Acid Market by Country, 2020 - 2023, USD Million
TABLE 22Asia Pacific Succinic Acid Market by Country, 2024 - 2031, USD Million
TABLE 23Asia Pacific Succinic Acid Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24Asia Pacific Succinic Acid Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 26Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 27Asia Pacific Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28Asia Pacific Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29Asia Pacific Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 30Asia Pacific Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 31Asia Pacific Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 32Asia Pacific Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 33Asia Pacific Packaging Materials Market by Country, 2020 - 2023, USD Million
TABLE 34Asia Pacific Packaging Materials Market by Country, 2024 - 2031, USD Million
TABLE 35Asia Pacific Packaging Materials Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36Asia Pacific Packaging Materials Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37Asia Pacific Consumer Goods Market by Country, 2020 - 2023, USD Million
TABLE 38Asia Pacific Consumer Goods Market by Country, 2024 - 2031, USD Million
TABLE 39Asia Pacific Consumer Goods Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40Asia Pacific Consumer Goods Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41Asia Pacific Automotive & Transport Market by Country, 2020 - 2023, USD Million
TABLE 42Asia Pacific Automotive & Transport Market by Country, 2024 - 2031, USD Million
TABLE 43Asia Pacific Automotive & Transport Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44Asia Pacific Automotive & Transport Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45Asia Pacific Building & Construction Market by Country, 2020 - 2023, USD Million
TABLE 46Asia Pacific Building & Construction Market by Country, 2024 - 2031, USD Million
TABLE 47Asia Pacific Building & Construction Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48Asia Pacific Building & Construction Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49Asia Pacific Textile Market by Country, 2020 - 2023, USD Million
TABLE 50Asia Pacific Textile Market by Country, 2024 - 2031, USD Million
TABLE 51Asia Pacific Textile Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52Asia Pacific Textile Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53Asia Pacific Agriculture & Horticulture Market by Country, 2020 - 2023, USD Million
TABLE 54Asia Pacific Agriculture & Horticulture Market by Country, 2024 - 2031, USD Million
TABLE 55Asia Pacific Agriculture & Horticulture Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56Asia Pacific Agriculture & Horticulture Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 58Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 59Asia Pacific Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 60Asia Pacific Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 61Asia Pacific Bio Plasticizers Market by Country, 2020 - 2023, USD Million
TABLE 62Asia Pacific Bio Plasticizers Market by Country, 2024 - 2031, USD Million
TABLE 63Asia Pacific Bio Plasticizers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 64Asia Pacific Bio Plasticizers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 65China Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 66China Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 67China Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 68China Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 69China Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 70China Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 71China Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 72China Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 73China Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 74China Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 75China Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 76China Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 77India Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 78India Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 79India Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 80India Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 81India Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 82India Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 83India Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 84India Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 85India Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 86India Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 87India Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 88India Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 89Japan Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 90Japan Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 91Japan Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 92Japan Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 93Japan Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 94Japan Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 95Japan Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 96Japan Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 97Japan Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 98Japan Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 99Japan Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 100Japan Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 101South Korea Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 102South Korea Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 103South Korea Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 104South Korea Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 105South Korea Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 106South Korea Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 107South Korea Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 108South Korea Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 109South Korea Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 110South Korea Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 111South Korea Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 112South Korea Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 113Australia Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 114Australia Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 115Australia Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 116Australia Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 117Australia Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 118Australia Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 119Australia Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 120Australia Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 121Australia Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 122Australia Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 123Australia Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 124Australia Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 125Malaysia Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 126Malaysia Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 127Malaysia Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 128Malaysia Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 129Malaysia Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 130Malaysia Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 131Malaysia Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 132Malaysia Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 133Malaysia Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 134Malaysia Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 135Malaysia Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 136Malaysia Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 137Rest of Asia Pacific Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 138Rest of Asia Pacific Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 139Rest of Asia Pacific Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 140Rest of Asia Pacific Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 141Rest of Asia Pacific Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 142Rest of Asia Pacific Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 143Rest of Asia Pacific Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 144Rest of Asia Pacific Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 145Rest of Asia Pacific Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 146Rest of Asia Pacific Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 147Rest of Asia Pacific Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 148Rest of Asia Pacific Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 149Key Information - Avient Corporation
TABLE 150Key Information - BASF SE
TABLE 151Key Information - Cargill, Incorporated
TABLE 152Key Information - DIC Corporation
TABLE 153Key Information - The Dow Chemical Company
TABLE 154Key Information - Evonik Industries AG
TABLE 155Key Information - Lanxess AG
TABLE 156Key Information - Solvay SA
TABLE 157Key Information - ACS Technical Products
TABLE 158Key Information - Emery Oleochemicals LLC

Asia Pacific Bio Plasticizers Market Size, Share & Trends Analysis Report By Product (Epoxidized Soyabean Oil (ESBO), Castor Oil-based Plasticizer, Citrates, Succinic Acid, and Others), By Application, By Country and Growth Forecast, 2024 - 2031