Bio Plasticizers Market Overview
“The Global Bio Plasticizers Market is expected to grow rapidly at a 5.8% CAGR consequently, it will grow from its existing size of from $1.53 Billion in 2023 to $2.35 Billion by 2030.”
Plasticizers are most widely used additives in plastics. They are generally available as non-volatile, colorless liquids. Plasticizers increase the flow and thermoplasticity of a polymer by decreasing the viscosity of the polymer melt. Most common plasticiser chemistries include citrates, benzoates, ortho-phthalates, terephthalates, adipates, azelates, sebacates, and trimellitates.
Plasticizers are the most common additives used in the plastics industry. But, selecting the right plasticizer for an application has always been a daunting task. Explore various plasticization methods along with their benefits and learn how to select the right plasticizer from the main chemical classes of plasticizers: phthalates, benzoates, adipates etc. along with their current regulatory updates.
What is a Bio Plasticizer?
Plasticizers (mostly liquids) are organic substances that are not volatile. They improve the properties of a polymer or plastic when they are incorporated.
- Flexible products are softer.
- The hoses are flexible and do not easily break at low temperatures
- Processing becomes easier and more possible
Plasticizers are widely used. Additives in the Plastic Industry . These additives are usually less expensive than those used for polymer processing.
Plasticizers can increase flow and the moplasticity in a polymer. They do this by decreasing:
- The viscosity is the measure of the melt's viscosity.
- The glass transition temperature (Tg) is the temperature at which glass begins to break.
- The melting temperature (Tm) is the maximum temperature at which a substance will melt.
- The elastic modulus is the final product's strength.
- The plasticized material retains its chemical properties.
Plasticizers are the most common plasticizers. PVC , is the third most important polymer in terms of volume, after PP. PVC can be found in many products. Examples include:
- Unplasticized (or rigid) PVC is used for applications such as pipes and siding.
- Plasticized (or flexible) PVCfinds application in automotive interior trims, cables, PVC film, flooring, roofing, and wall coverings.
Demand Outlook
Plasticizers are materials that are added to polymeric cores in order to facilitate the processing of the material and to impart flexibility, softness, and plasticity. They also reduce brittleness. These additives can be found in PVC cables and resins, wire-jacketing, vinyl flooring, medical equipment, automobile parts, packaging materials, and consumer goods. These bio-plasticizers come from renewable and natural sources. It is made from raw materials like soybean oil, stearic acids, starch and castor oils.
These bio-based surfactants consist of mixtures that provide oleochemicals for fats, oils and ripe sugars like molasses. Surfactants like these are made in smaller quantities, but at high prices. They are used primarily for premium consumer products. These surfactants are especially advantageous as they can be made from renewable resources.
The constant changes in environmental protocols, guidelines and blending strategy are the major constraints manufacturers face. This is what makes global bio-plasticizer trade a threat. Packaging firms are also expected to drive market growth by choosing eco-friendly petrochemical alternatives that are low-cost and do not compromise product performance.
The growing awareness of the negative effects of plastics on the environment has led to a global boom in the industry. These resins are essential to modify the polymer's properties to suit a specific use.
Key Takeaway:
- Asia-Pacific is the largest market for bioplasticizers, thanks to government investments in healthcare. In 2018, for example, the Australian Government spent around $1.3 billion on the Health and Medical Industry Growth Plan.
- The ban on phthalate-based plasticizers has fueled the growth of environmentally-friendly bio plasticizers such as epoxidized soybean oil, glycerol esters, and castor oil-based plasticizers due to stringent regulatory policies in the major packaging segments of the food and pharmaceutical industries.
- The availability of toxic phthalates such as dibutyl, benzyl, butyl, and dioctyl, phthalate, (DOP), diethyl, phthalate, (DEP), in emerging economies has increased consumer awareness about bio-based alternatives, which will boost the market for bio-based plasticizers.
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Market Dynamics
Growth Factors
Sustainable development is driving the market. Bioplasticizers are now used as an alternative for PVC. Bio-plasticizers are used by consumers for a variety of applications. The market is expanding worldwide as consumers become more concerned about the environment. The market is growing because consumers are more inclined to use substances that occur naturally.
In the U.S., innovating construction will be worth USD 1,560Billion in 2022. In 2023 it will reach USD 1,680billion, with an 7.5% growth rate. This will increase the need for wall and floor coatings, which in turn, will drive the bio-plasticizers industry. Bio-plasticizers can be used in a wide range of consumer goods, including food packaging, toys, cosmetics and medical equipment.
It is malleable and softer, with less brittle properties. Recent attention has been drawn to the fact that it is made from a biochemical integrated into polymers, resulting in a flexible and workable material. Bio-based plasticizers are usually expensive to produce. It also plays an important role in improving polymer properties, which are later used to better suit the material.
Growth Drivers
Polyvinyl chloride is increasingly needed for different applications. The number of packaging companies is increasing, as are the concerns about eco-friendly and safe plastic films. The evolution of plasticizers is closely linked to the development of PVC as a polymer that can be economically used. Bio-plasticizers are being developed due to a growing consumer awareness and a limited supply of harmful phthalate. Plasticizers containing phthalates are harmful when they come into contact with bodily fluids.
They are easily miscible with organic solvents such as saliva and plasma. This makes it possible to ingest them or absorb during routine medical procedures. Once absorbed they are preserved in human fatty tissues and can interfere with embryonic growth. Due to the ban of phthalate-based polymers, eco-friendly plasticizers are being developed for consumer products, medical devices, and food packaging.
Restraints
The high cost of production could affect the global bio-plasticizers markets. In addition, strict regulations relating to bio-plasticizers will likely hinder market growth in the forecast period. The market growth is hindered by the inconsistency of raw material prices and the use of highly toxic raw materials for the production of ethylenecarbonate.
Opportunities
Increase in the use bio-based plasticizers. The polyvinyl chloride accounts for 85%-90% percent of plasticizers used internationally. It is used to make electric cables, roofing membranes and wire insulation as well as wall and floor coverings. In addition to automotive, PVC can also be found in paints and ink spheres. Bio-plasticizers have gained popularity in recent years as they are non-toxic. They are used in many industries including automotive, packaging and pharmaceuticals.
Bio-plasticizers are expected to be in greater demand than regular plasticizers due to technological advancements. The main reason for this development is the grant money from different governments in order to make easy business policies.
Trends
The use of traditional phthalate-based polymers has been restricted or banned in many countries due to their health risks. Bioplasticizers are considered healthier and safer alternatives to phthalate based plasticizers. Their adoption is growing rapidly.
Impact on COVID-19
Bio-plasticizers are no longer needed for flooring, cable, wallcovering, or wiring. The covid-19 pandemic was predicted to harm the global bio-plasticizers market in the first half 2020, due to the government's forced shutdown of several worth activities. COVID-19 is a devastating economic force that has impacted global trade. It also affects domestic and company spirit as well as financial facilities, commercial establishments and infrastructure companies.
Plasticizers have become more important in medical equipment and devices. Market demand is expected to decrease due to the restrictions on international trade, and the lockdown regulations of the manufacturing industries. This situation has increased the demand for packaging materials in the food industry and the e-commerce sector, which will increase the market for bio-plasticizers.
Market Segment Analysis
Product Insights
The global bioplasticizers market is divided by product type into succinic oil, epoxidized soya oil (ESBO), castor oil and citrates. The epoxidized soya oil has the largest market share. Plasticizers become more resilient after the addition of ESBO due to the epoxidation of double carbon bonds in vegetable oils. Plastic additives are made with succinic acid to create flexible PVC that has similar mechanical properties as DOA.
They are used to manufacture bio-based additives that are free of phthalates and have a higher renewable content than their synthetic counterparts. Castor oil, and its derivatives, are used to produce rigid, flexible or semi-rigid plasticizers. It is resistant to hydrolysis and pigment dispersion, and it's compatible with polyether polyols.
Citrates, which are derived from nature, are biodegradable and compostable plasticizers that can be used for PLA, PVC and PHA as well as other biopolymers. Recycled biopolymers quickly gain reputation because they are free of harmful environmental effects, and provide high benefits and bonuses for vegetable oil producers.
Application Insights
According to the insights on application, the global market for bio-plasticizers is a diverse one, with applications including packaging materials, textiles, agricultural and horticulture products, consumer goods and automotive, building and construction, medical devices and flooring and walls as well as wires and cable. Packaging materials will dominate the bio-plasticizer market, generating the largest revenue.
Natural-based polymers are used to produce interior fabrics for automobiles that have similar mechanical properties as synthetic alternatives. Packaging material segments are expected to grow at an average rate over the forecast period. Packaging corporations around the world have adopted standard manufacturing processes and flexible methods to meet customer needs, especially in food packaging.
Eco-friendly plastics are used to make eco-friendly irrigation tubes, tarps and drip tapes. They can also be made into nursery pots, soil fumigant film, silage bags, and tarps. Environmental constraints, such as increased carbon footprints and improved properties, are expected to give synthetic plastics the edge.
Competitive Landscape of the Bio Plasticizers Market
- OXEA GmbH
- Emery Oleochemicals
- Roquette Freres
- Evonik Industries AG
- PolyOne Corporation
- LANXESS
- Hebei Jingu Plasticizer Co. Ltd
- Jungbunzlauer Suisse AG
- Jiangxi East Huge Dragon Chemical Co. Ltd
- Avient Corporation
- Matrica SpA
- Dow
- Solvay
- DIC CORPORATION
Recent Developments in Bio Plasticizers Market
In February 2023, Avient announced expansion of bio-based polyolefin and using natural fillers like recycled coffee grounds or cellulose fibers as an alternative to conventionally filled polyolefins.
In February 2023, Evonik Industries AG, BASF SE, Chemtura Corporation announced that plastic additives market to witness Robust expansion by 2030 meanwhile by growing construction industry worldwide which in return will propel the market growth.
In October 2022, Sukano partnered with Emery Oleochemicals to develop a transparent PET antifogging compound for food packaging, targeting to fight the necessity of extra antifogging coatings.
November 2022: Evonik Industries is centralizing and expanding its reach. It launched its first digital platform, 'myFLEXINO,' for plasticizers to effectively and efficiently extend its products and services to consumers.
August 2022: The Hallstar Company, a specialty chemicals company acquired an ester manufacturing facility in Greensboro, North Carolina, from German specialty chemicals maker Lanxess. This site has significant assets that produce environmentally friendly phthalate-free plasticizers which will help to expand the product portfolio of Hallstar Company.
- Oct 2021 Cargill launches Biovero bio-based plasticizer
In August 2021, Lanxess has proclaimed the fulfilment of its acquisition of Emerald Kalama Chemical, broadening the company's portfolio of specialty chemicals for industrial applications, especially in paints, coatings, and plastics.
In September 2020, Emery Oleochemicals introduced its new EMEROX Ester Plasticizers product range. This product holds low water solubility, low viscosity, outstanding low-temperature execution, and excellent thermal stability.
In 2019, DIC Develops 100% Biomass-Derived Polyester Plasticizer
Regional Insights
The market evaluations are across North America and Europe, Asia-Pacific and LAMEA. Asia-Pacific is the largest construction market and growing well, due to an increase in middle-class incomes, urbanization, and overpopulation. In 2022, the Asia-Pacific region accounted for the largest market share of total yield. North America and Europe were next.
The industry is also boosted by the increase in infrastructure construction and the entry of key players from Europe into the lucrative market of China.
Market growth is expected in the region due to the increasing demand for bio-plasticizers and the growing construction activity. Bio-plasticizers are used in major industrial economies such as India, China and South Korea for water treatment, household cleaning, dental care, etc.
A rise in the number of residents in India and China coupled with an increase in income and energy purchasing parity has resulted in a demand for household and personal goods. Over the forecast period, these elements will push the bio-plasticizers market.
This market is expected to grow due to the large population, the rapid change in lifestyles of people and the corporations of many growing nations in the region. During the forecast period, the market is expected to grow due to the rapid development of the transport and infrastructure sectors.
Segments Covered in the Bio Plasticizers Market
Bio Plasticizers Market By Product
- Epoxidized Soyabean Oil (ESBO)
- Castor Oil Based Plasticizers
- Succinic Acid
- Citrates
- Others
Bio Plasticizers Market By Application
- Packaging Material
- Textiles
- Agriculture and Horticulture
- Consumer Goods
- Automotive and Transport
- Building and Construction
Bio Plasticizers Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
Frequently Asked Questions:
What is the bio plasticizers market size?
Global Bio Plasticizers Market is expected to grow rapidly at a 5.8% CAGR consequently, it will grow from its existing size of from $1.53 Billion in 2023 to $2.35 Billion by 2030.
Who are the prominent players operating in the bio plasticizers market?
The major players operating in the bio plasticizers market are Avient Corporation, Matrica SpA, Dow, Solvay, DIC CORPORATION, OXEA GmbH, Emery Oleochemicals, Roquette Freres, Evonik Industries AG, PolyOne Corporation, LANXESS, Hebei Jingu Plasticizer Co. Ltd, Jungbunzlauer Suisse AG, Jiangxi East Huge Dragon Chemical Co. Ltd and Others.
Which are the driving factors of the bio plasticizers market?
The driving factors of the bio plasticizers market are the rise in the number of packaging firms, growing need for polyvinyl chloride for different purposes, and increasing concern for safe and eco-friendly plastic films.
Which region will lead the global bio plasticizers market?
North America region will lead the global bio plasticizers market during the forecast period 2023 to 2030.
- SUMMARY
1.1. Bio Plasticizers Market Overview
1.2. Key Insights
1.3. Report Scope
1.4. Research Methodology
1.5. Frequently Asked Questions
1.6. Chapter Outlines
- DECISION-MAKING SUMMARY
- INTRODUCTION
3.1. Overview of Bio Plasticizers
3.2. Key Historical Events
3.3. Structure
3.4. Biochemical Interaction
3.5. Target Indications
3.6. Advantages of Bio Plasticizers
3.7 Challenges associated with Bio Plasticizers
3.8. Future Perspectives.
- MARKET LANDSCAPE
4.1. Methodology
4.2 Bio Plasticizers: Developer Landscape
4.2.1. Analysis by Year of Establishment
4.2.2. Analysis by Company Size
4.2.3. Analysis by Location of Headquarters (Region-wise)
4.2.4. Analysis by Location of Headquarters (Country-wise)
4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)
4.2.6. Most Active Players
- COMPANY
5.1. Company Overview
5.1.2 Management Team
5.1.3. Product Portfolio
5.1.4. Recent Developments and Future Outlook
- PARTNERSHIPS AND COLLABORATIONS
6.1. Partnership Models
6.2. Bio Plasticizers: Partnerships and Collaborations
6.2.1. Analysis by Year of Partnership
6.2.2. Analysis by Type of Partnership
6.2.3. Analysis by Year and Type of Partnership
6.2.4. Analysis by Type of Partner
6.2.5. Analysis by Year of Partnership and Type of Partner
6.2.6. Analysis by Type of Partnership and Type of Partner
6.2.7. Analysis by Type of Partner and Parent Company Size
- ACADEMIC GRANTS ANALYSIS
7.1. Methodology and Key Parameters
7.2. Bio Plasticizers: Academic Grants Analysis
7.2.1. Analysis by Year of Grant Award
7.2.2. Analysis by Amount Awarded
7.2.3. Analysis by Funding Institute Center
7.2.4. Analysis by Support Period
7.2.5. Analysis by Funding Institute Center and Support Period
7.2.6. Analysis by Type of Grant Application
7.2.7. Analysis by Purpose of Grant
- PUBLICATION ANALYSIS
8.1. Analysis Methodology and Key Parameters
8.2. Bio Plasticizers: Publication Analysis
8.2.1. Analysis by Year of Publication
8.2.2. Analysis by Type of Publication
8.2.3. Analysis by Type of Conjugate
8.2.4. Analysis by Target Indication
8.2.5. Analysis by Copyright Holder
8.2.6. Word Cloud: Emerging Focus Area
8.2.7. Most Active Publishers: Analysis by Number of Publications
- SUCCESS PROTOCOL ANALYSIS
9.1. Methodology and Key Parameters
9.2. Key Assumptions and Scoring Criteria
9.3. Success Protocol Analysis
9.4. Assessment of Approved Bio Plasticizers
- Appendix 1: Tabulated Data
- Appendix 2: List of Companies
- OXEA GmbH
- Emery Oleochemicals
- Roquette Freres
- Evonik Industries AG
- PolyOne Corporation
- LANXESS
- Hebei Jingu Plasticizer Co. Ltd
- Jungbunzlauer Suisse AG
- Jiangxi East Huge Dragon Chemical Co. Ltd
- Avient Corporation
- Matrica SpA
- Dow
- Solvay
- DIC CORPORATION
