PUBLISHER: The Business Research Company | PRODUCT CODE: 1669435
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669435
Bio plasticizer refers to a vegetable-oleic acid glyceride that has undergone diacetyl epoxidation, serving as an eco-friendly plasticizer to maintain flexibility and softness in materials across different temperature ranges.
The primary types of bio plasticizers include sebacates, succinic acid, citrates, glycerol esters, epoxides, and others. Succinic acid, a dicarboxylic acid produced by live cells during anaerobic digestion of various carbon sources, is a notable component. These bio plasticizers find applications in various industries, including automobile, packaging, electrical and electronics, textiles, building and construction, medical and healthcare, among others. They are used in diverse applications such as flooring and walls, film and sheet coverings, wires and cables, coated fabrics, and consumer goods. This broad usage underscores their versatility in meeting the requirements of end-user industries.
The bio plasticizers market research report is one of a series of new reports from The Business Research Company that provides bio plasticizers market statistics, including bio plasticizers industry global market size, regional shares, competitors with a bio plasticizers market share, detailed bio plasticizers market segments, market trends and opportunities, and any further data you may need to thrive in the bio plasticizers industry. This bio plasticizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bio plasticizers market size has grown strongly in recent years. It will grow from $1.68 billion in 2024 to $1.81 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growth in environmental concerns, stringent regulations on traditional plasticizers, renewable feedstock utilization, consumer awareness and preference for eco-friendly products, corporate sustainability initiatives
The bio plasticizers market size is expected to see strong growth in the next few years. It will grow to $2.47 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to continued emphasis on sustainable packaging, expansion of bio-based polymers market, government support for bioeconomy, increasing demand for green building materials, shift in consumer preferences toward sustainable products. Major trends in the forecast period include collaborations and partnerships, innovative solution launches, investments in research and development, application in medical devices and pharmaceuticals.
The expanding construction industry is projected to enhance the growth of the bio-plasticizer market in the coming years. The construction industry is the commercial sector focused on developing, maintaining, and repairing infrastructure. In this sector, bio-plasticizers are used for wire insulation and jacketing, which help reduce water requirements and improve the strength and workability of concrete. For example, in July 2024, reports from the Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan indicated that the volume of construction work (services) reached 7,612.8 billion tenge in 2023, marking a 15.1% increase compared to 2022. Thus, the flourishing construction industry is driving the growth of the bio-plasticizer market.
The rising demand for automotive production is anticipated to propel the growth of the bio-plasticizer market in the future. The automotive sector includes the design, development, production, and maintenance of motor vehicles, such as cars, trucks, and motorcycles. In automotive manufacturing, bio-plasticizers are increasingly used as eco-friendly additives to improve the flexibility and durability of plastics in vehicle interiors, thereby reducing the environmental impact of conventional plasticizers while fulfilling stringent sustainability objectives in the automotive industry. For instance, in May 2023, the European Automobile Manufacturers Association (ACEA), a Germany-based organization for automobile manufacturers, reported that 85.4 million vehicles were produced worldwide in 2022, reflecting a 5.7% increase compared to 2021. Therefore, the rising demand for automotive production is driving the growth of the bio-plasticizer market.
Product innovation is a significant trend gaining traction in the bio-plasticizer market. Major companies in this sector are concentrating on developing new products to maintain their market position. For example, in January 2023, CEMEX S.A.B. de C.V., a building materials company based in Mexico, introduced a new range of bio-sourced admixtures designed to significantly lower the carbon footprint associated with concrete production. These innovative products leverage natural, renewable, and locally sourced raw materials, potentially reducing the carbon footprint by up to 70% compared to traditional oil-based admixtures. Admixtures are incorporated into concrete mixes to improve properties such as strength, workability, and water demand while also decreasing associated carbon emissions and promoting more sustainable practices in construction.
Major entities within the bio plasticizer market are channeling efforts into the development of innovative products such as bio-sourced admixture solutions, contributing to their sustained market positioning. The introduction of bio-sourced admixtures signifies an exciting advancement in the construction industry, providing a sustainable alternative to traditional oil-based admixtures. An illustrative case emerged in January 2023 when CEMEX, a US-based building materials company, launched ISOFLOW BIO. This high-performance superplasticizer technology, derived from bio-based raw materials, substantially reduces the carbon footprint associated with concrete production compared to conventional admixtures. ISOFLOW BIO enhances concrete workability, simplifying mixing, pumping, and placement processes, potentially resulting in accelerated construction timelines and reduced labor expenditures.
In October 2022, PETRONAS Chemicals Group Berhad, a leading chemical company based in Malaysia, completed the acquisition of Perstorp Holding AB for an undisclosed sum. This strategic move signifies PETRONAS' initiative to establish a stronger foothold in the specialty chemicals sector, aligning with its strategic stepping-out strategy. The acquisition serves as a pivotal step towards enhancing PETRONAS' global footprint, particularly in the Asia Pacific region. Leveraging PETRONAS Chemicals Group's extensive industrial expertise and leveraging its substantial client base, the acquisition is poised to propel the company's growth in the specialty chemicals arena. Perstorp Holding AB, a Swedish chemical manufacturing company, is renowned for its expertise in producing bio-plasticizers, which will complement PETRONAS' strategic direction in this sector.
Major companies operating in the bio plasticizers market include ExxonMobil Corporation, Cargill Incorporated, BASF SE, Dow Inc., Evonik Industries AG, DuPont, Kao Corporation, Arkema S.A., Solvay S.A., Eastman Chemical Company, Lanxess AG, DIC Corporation, Avient Corporation, Roquette Freres, Jungbunzlauer Suisse AG, Emery Oleochemicals, Bioamber Inc., GC Innovation America, Biome Bioplastics, Cardia Bioplastics, Vertellus Specialties Inc, Matrica S.p.A., Aurorium, Hebei Jingu Plasticizer Co. Ltd., Danisco Inc.
Asia-Pacific was the largest region in the bio plasticizers market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the bio plasticizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bio plasticizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bio plasticizer market consists of sales of fast-fusing plasticizers, flame retardant plasticizers, and specialty esters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bio Plasticizers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bio plasticizers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bio plasticizers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bio plasticizers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.