Bio-Plasticizers Market
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Global <strong>Bio</strong>-<br />
<strong>Plasticizers</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2015<br />
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Report Description<br />
<strong>Plasticizers</strong> are compounds incorporated in a polymer matrix to increase its flexibility and<br />
improve the chemical properties of the plastic product. Addition of a plasticizer can lower<br />
the glass transition temperature, melt viscosity and elastic modulus of the polymer.<br />
Earlier phthalate-based plasticizer represented 85% of the total plasticizers market.<br />
However, stringent government regulations and rising health concerns of the consumers,<br />
stimulated the demand of bio-plasticizers. In order to assure sustainability, end users are<br />
looking for safe, bio-degradable and non-phthalate-based plasticizers.<br />
<strong>Bio</strong>-based plasticizers are widely used as additives in PVCs. They are used in PVC resins,<br />
PVC cables, vinyl flooring, wire jacketing, automobile parts etc. The use of bio-plasticizers<br />
for wire applications can enable cable manufacturers and original equipment<br />
manufacturers (OEMs) reduce carbon gas emission by up to 40%. Also, plasticizers are<br />
the most commonly used additives used in plastic industries. <strong>Bio</strong>-based plasticizers are<br />
produced from vegetable raw materials and are used as an alternative of petroleum<br />
based plasticizers. The raw material used for production of bio-plasticizers are castor oil,<br />
soybean oil, palm oil and starch. Epoxidized Soybean Oil (ESBO) are the most commonly<br />
used bio-plasticizer. ESBO is manufactured from soybean oil through a process of<br />
epoxidation. ESBO is one of the most preferred additives in PVC gasket used particularly<br />
in food packaging.<br />
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<strong>Bio</strong>-<strong>Plasticizers</strong> <strong>Market</strong>: Drivers & Restraints
Report Description<br />
Growth in end user industries in developing nations such as India, China, Brazil etc. are<br />
expected to drive the bio-plasticizers market during the forecasted period. Tight supply of<br />
harmful phthalate such as BBP, DEP, DBP, DOP and increasing consumer awareness are<br />
driving the growth of bio-plasticizers. Ban on phthalate-based plasticizers in consumer<br />
goods, food packaging material and medical products have led to the development of<br />
eco-friendly bio-based plasticizers. Higher cost of bio-plasticizers as compared to<br />
phthalate-based plasticizers is a key challenge faced by bio-plasticizers market. These bioplasticizers,<br />
when used for cable manufacturing, offer various advantages in terms of<br />
electrical and temperature performance as compared to traditional plasticizers.<br />
<strong>Bio</strong>-<strong>Plasticizers</strong> <strong>Market</strong>: Segmentation<br />
On the basis of product type, the global <strong>Bio</strong>-<strong>Plasticizers</strong> market is segmented into<br />
Epoxidized Soybean Oil(ESBO)<br />
Citrates<br />
Castor Oil<br />
Succinic Acid<br />
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On the basis of application, the global <strong>Bio</strong>-<strong>Plasticizers</strong> market is segmented into<br />
Package Materials
Report Description<br />
Medical Devices<br />
Consumer Goods<br />
Wire & Cables<br />
Building & Construction<br />
Automotive<br />
<strong>Bio</strong>-<strong>Plasticizers</strong> <strong>Market</strong>: Region-wise Outlook<br />
Current, North America serves as a largest market for bio-plasticizers due to flourishing<br />
sectors such as medical devices, chemicals and consumer goods. Europe is estimated to<br />
be matured markets. North America and Europe account for a larger share in the market<br />
due to growth in manufacturing and healthcare industry. Various efforts made by<br />
different regulatory authorities to promote environmental friendly products have led to<br />
increase in the demand of bio-plasticizers in developed regions. Middle East & Africa bioplasticizers<br />
market are still at a nascent stage. However, emerging countries such as UAE<br />
and Brazil are expected to have a significant market share in the near future. Asia Pacific<br />
(excluding Japan) is estimated to be the fastest growing market in terms of market share<br />
by value, particularly in medical, wires & cables, and packaging materials applications.<br />
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<strong>Bio</strong>-<strong>Plasticizers</strong> <strong>Market</strong>: Key Players
Report Description<br />
Some of the key market participants in the global <strong>Bio</strong>-<strong>Plasticizers</strong> market are The Dow<br />
Chemical Company, <strong>Bio</strong>amber Inc., Vertellus Specialties Inc., Danisco Us Inc., Solvay S.A.,<br />
Dow Chemical Company, Polyone Corporation, Emery Oleochemicals Llc, Myriant<br />
Corporation, Evonik Industries, Matrica Spa, Lanxess Ag
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