Bio-Plasticizers Market Expected to Expand at a Steady Cagr Through 2025

Plasticizers are compounds incorporated in a polymer matrix to increase its flexibility and improve the chemical properties of the plastic product. Addition of a plasticizer can lower the glass transition temperature, melt viscosity and elastic modulus of the polymer. Earlier phthalate-based plasticizer represented 85% of the total plasticizers market. However, stringent government regulations and rising health concerns of the consumers, stimulated the demand of bio-plasticizers. In order to assure sustainability, end users are looking for safe, bio-degradable and non-phthalate-based plasticizers.

Bio-based plasticizers are widely used as additives in PVCs. They are used in PVC resins, PVC cables, vinyl flooring, wire jacketing, automobile parts etc. The use of bio-plasticizers for wire applications can enable cable manufacturers and original equipment manufacturers (OEMs) reduce carbon gas emission by up to 40%. Also, plasticizers are the most commonly used additives used in plastic industries. Bio-based plasticizers are produced from vegetable raw materials and are used as an alternative of petroleum based plasticizers. The raw material used for production of bio-plasticizers are castor oil, soybean oil, palm oil and starch. Epoxidized Soybean Oil (ESBO) are the most commonly used bio-plasticizer. ESBO is manufactured from soybean oil through a process of epoxidation. ESBO is one of the most preferred additives in PVC gasket used particularly in food packaging.

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Bio-Plasticizers Market: Drivers & Restraints

Growth in end user industries in developing nations such as India, China, Brazil etc. are expected to drive the bio-plasticizers market during the forecasted period. Tight supply of harmful phthalate such as BBP, DEP, DBP, DOP and increasing consumer awareness are driving the growth of bio-plasticizers. Ban on phthalate-based plasticizers in consumer goods, food...