Citric acid has been commercially produced through large-scale fermentation, thus undoubtedly is considered a raw material for producing plasticizers for PVC and other materials. The market is projected to reach more than USD 2.0 billion by the end of 2028.
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Type wise the market is segmented into Epoxidized Soybean Oil (ESBO), Citrates, Castor Oil, Succinic Acid, Glycol Esters. Many bio-based plastizers such as ricinoleic acid, glucose ester, isosorbide, waste oil and cardanol are also used in combination with plasticizers above. The results show that glucose esters have great miscibility with PVC and the maximum elongation at break is reached.
In terms of application the market is segmented into Packaging Materials, Consumer Goods, Building & Construction, Medical Devices, Automotive, and Others. Biomass products were also used as low cost raw materials to manufacture PVC plasticizers. Bio-based plasticizers for different applications are mainly based on a biomass plant chemical structure. Also, because of its benzene circular structure and active hydroxy group, cardanol is a promising alternative to conventional petrochemical plasticizers. Nonetheless, the building & construction sector is viewed as a mature segment relative to other markets. This is expected to increase in other applications at a comparatively higher rate. The largest growth in product consumption will likely be in Asia Pacific.
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In terms of geography, the market is segregated into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa Key players include Lanxess AG, Emery Oleochemicals LLC, Dow Dupont, Evonik Industries, Danisco US Inc., BASF, Bioamber Inc., PolyOne Corporation, Myriant Corporation, Vertellus Holdings LLC
Key segments across Bio Plasticizers market
• Type Overview, 2019 – 2028 (USD Billion)
o Epoxidized Soybean Oil (ESBO)
o Castor Oil
o Succinic Acid
o Glycol Ester
• Application Overview, 2019 – 2028 (USD Billion)
o Packaging Materials
o Consumer Goods
o Building & Construction
o Medical Devices
• Regional Overview, 2019 – 2028 (USD Billion)
o North America
Rest of Europe
o Asia Pacific
Rest of Asia-Pacific
o Central & South America
o Middle East & Africa
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