The modern-day document posted via Report Ocean, titled “Bio Plasticizers Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global bio plasticizers market was valued at $1,364 million in 2015, and is expected to reach $1,709 million by 2022, registering a CAGR of 3.3% from 2016 to 2022. Bio plasticizers are additives incorporated in a material to increase its flexibility, workability, tear resistance, and durability. These lower the second-order transition temperature of micro-molecules, elastic modulus, tensile strength, density, and hardness & melt viscosity of the material, thereby making it soft and resilient. Bio plasticizers also reduces polymer-polymer chain secondary bonding by spreading them apart, increasing the free volume, which enhances flexibility, elongation at break, toughness, power factor, and dielectric constant. An effective bio plasticizer must contain two types of structural components-polar and non-polar. The polar component binds reversibly with the polymer, thereby softening it, while the non-polar part controls the polymer interaction to maintain its crystallinity.
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Awareness among people for using sustainable & eco-friendly commodities, change in lifestyle, and increased disposable income of consumers in Asia-Pacific, Middle East, and Latin America have led to increase in growth of consumer electronics & medical industries, making way for high market potential for bio plasticizers. Growth in population and urbanization in emerging economies, such as India and China, boost the construction activities and automobile production, which further drives the market growth. However, high cost of the bio plasticizers is expected to hamper the growth of the market. The R&D for bio plasticizers, which make it more beneficial & lesser in cost brings great opportunity for the global market during forecast period. Also, the ban imposed on some of the phthalates for certain products makes the key players add bio plasticizers in their portfolio.
The report segments the global bio plasticizers market based on type, application, and geography. By type, the market is divided into epoxides, sebacates, succinic acid, citrates, glycerol esters, and others. By application, the market is categorized into flooring & wall, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Recent study by Omrani et al of Shahid Beheshti University, Iran, conducted in October, 2016 on bio-based plasticizer made from oleic acid suggests that it imparts better properties to PVC formulations than conventional plasticizer, phthalate.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the global bio plasticizers market from 2014 to 2022, in terms of value and volume, which assist in identifying the prevailing opportunities.
Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific & LAMEA, including different countries in each region.
Detailed analysis of the market by type helps understand the various types of bio plasticizer products that are currently in use, along with the variants that are expected to gain prominence in the future.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to offer a competitive advantage to stakeholders to make profit-oriented business decisions and help strengthen their supplier and buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
Major players profiled in this study are as follows:
Bioamber Inc.
DuPont
DOW Chemical Company
Emery Oleochemicals
Evonik Industries
Lanxess AG
Matr?ca S.p.A.
Myriant Corporation
PolyOne Corporation
Vertellus Holdings LLC
OTHER KEY PLAYERS
Galata Chemicals
ROQUETTE
Jungbunzlauer Suisse AG
OXEA GmbH
Proviron
Jiangxi East Huge Dragon Chemical Co., Ltd.
Hebei Jingu Plasticizer Co., Ltd.
Jiangxi East Huge Dragon Chemical Co., Ltd.
Suzhou Sunbo Chemical Building Materials Co., Ltd.
Binzhou Chengli Building Materials Co., Ltd.
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Bio Plasticizers Market Key Segments:
By Type
Epoxides
Sebacates
Succinic Acid
Citrates
Glycerol Esters
Others
By Application
Flooring & Wall
Film & Sheet Coverings
Wires & Cables
Coated Fabrics
Consumer Goods
Others
By Geography
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Italy
Spain
Russia
Poland
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Taiwan
Thailand
Indonesia
Rest of Asia-Pacific
LAMEA
UAE
Brazil
South Africa
KSA
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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