** U.S (New York) According to Report Ocean recently released its “Bio Plasticizers Market ” Research Report for the years 2023-2032. This report conducts an extensive examination of the market, delving deep into its dynamics, encompassing crucial trends, emerging technologies, driving forces, challenges, and regulatory measures. In addition, it provides insights into the strategies and profiles of key industry players. Comprising over 100+ data tables, pie charts, graphs, and figures, this market study offers a comprehensive understanding of the market landscape. It delivers a thorough evaluation, encompassing future trends, current growth drivers, expert perspectives, factual insights, and industry-validated market data, all of which contribute to precise forecasts extending until 2032.
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.
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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.
Who is the largest manufacturers of Bio Plasticizers Market Worldwide ?
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.
Has there been any international intervention to address the Russia-Ukraine War?
Minsk Agreements: The Minsk Agreements are a set of ceasefire agreements aimed at resolving the conflict in Eastern Ukraine. They were negotiated through the Organization for Security and Cooperation in Europe (OSCE) with the involvement of Russia, Ukraine, and representatives of the self-proclaimed Donetsk and Luhansk People’s Republics. These agreements have been a centerpiece of diplomatic efforts, but they have not led to a comprehensive resolution of the conflict.
Normandy Format: The Normandy Format is a diplomatic group involving the leaders of Ukraine, Russia, Germany, and France. This format has been used to facilitate negotiations and discussions aimed at resolving the conflict, but it has faced numerous challenges and has not resulted in a lasting peace settlement.
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OSCE Monitoring Mission: The Organization for Security and Cooperation in Europe (OSCE) has deployed a Special Monitoring Mission (SMM) to Ukraine. This mission’s purpose is to monitor the security situation, report on violations, and facilitate dialogue between the conflicting parties.
Sanctions: Many Western countries, including the United States and the European Union, imposed economic sanctions on Russia in response to its actions in Ukraine. These sanctions were intended to put economic pressure on Russia and encourage a diplomatic solution.
United Nations: The United Nations has been involved in various ways, including efforts to facilitate humanitarian assistance and providing a forum for international discussions on the conflict.
Humanitarian Aid: Various international organizations and countries have provided humanitarian assistance to people affected by the conflict in Ukraine.
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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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.
Key Market 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 Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
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What are the goals of the report?
- The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
- The paper also analyses market sizes in the past and present.
- The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
- The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
- The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
- The study examines the future period’s growth rate, market size, and market worth.
PEST Factors:
Political Factors:
- Identification of government policies and political groups that may impact business success.
- Assessment of political environment stability and potential for changes.
- Evaluation of upcoming local, state, or national elections and their potential influence on government policies.
- Analysis of key contenders for power and their stance on trade policies affecting the organization.
- Examination of property rights, rule of law, corruption, and organized crime levels, along with potential future changes and implications.
- Consideration of pending legislation and tax changes that could affect the business positively or negatively.
- Review of business regulations and potential changes, and identification of trends towards regulation or deregulation.
- Examination of government stance on corporate policies, corporate social responsibility, environmental issues, and customer protection legislation, and potential impacts.
- Estimation of the timeline for proposed legislative changes.
- Identification of other potential political factors that could bring about change.
Economic Factors:
- Anticipation of future economic influences on the business.
- Evaluation of current economic performance and its immediate effects.
- Analysis of how economic factors impact prices, income, and costs.
- Assessment of economic stability – growth, stagnation, or decline.
- Consideration of stability or fluctuations in key exchange rates.
- Examination of trends in customers’ disposable income levels and predictions for the future.
- Evaluation of unemployment rates and ease or difficulty in building a skilled workforce.
- Analysis of access to credit for consumers and businesses and its potential effects on the organization.
- Consideration of globalization’s impact on the economic environment.
- Identification of additional economic factors worth considering.
Social Factors:
- Examination of customer beliefs and values and their influence on purchasing behaviors.
- Analysis of cultural trends and human behaviors affecting the business.
- Assessment of population growth rates, age profiles, and likelihood of changes.
- Consideration of generational attitude shifts and their potential impact.
- Evaluation of health, education, and social mobility levels in society, along with changing trends and implications.
- Examination of employment patterns, labor market trends, and age-specific work attitudes.
- Analysis of relevant social attitudes, taboos, and recent socio-cultural changes.
- Consideration of the influence of religious beliefs and lifestyle choices on the population.
- Identification of other sociocultural factors with the potential to drive change.
Technological Factors:
- Assessment of current and emerging technological advances and innovations.
- Evaluation of technology’s impact on business operations.
- Identification of new technologies currently being used or considered for implementation.
- Anticipation of potentially disruptive technologies on the horizon.
- Analysis of competitors’ access to new technologies that could redefine products.
- Examination of focus areas for government and educational institution research, with potential opportunities for the business.
- Assessment of how changes in infrastructure have affected work patterns (e.g., remote work levels).
- Identification of existing technology hubs for potential collaboration and learning.
- Consideration of other relevant technology-related factors.
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