Bio Plasticizers Market Trends: Sustainable Development and Innovative Solutions 2024-2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

LONDON, GREATER LONDON , UK, June 17, 2024 /EINPresswire.com/ -- The global bio plasticizers market is projected to grow from $1.56 billion in 2023 to $1.69 billion in 2024, at a CAGR of 8.3%. This growth is driven by rising environmental concerns, stringent regulations on traditional plasticizers, and increasing consumer preference for eco-friendly products. The market size is anticipated to reach $2.25 billion by 2028 at a compound annual growth rate (CAGR) of 7.3%, driven by sustainable packaging, expansion of bio-based polymers, and government support for the bioeconomy.

Flourishing Construction Industry Drives Market Growth
The flourishing construction industry is expected to boost the growth of the bio plasticizer market going forward. In the construction sector, bio plasticizers are used for wire insulation and jacketing, which reduce water requirements and make concrete strong and workable. For instance, the US Census Bureau reported an over 8% increase in the value of residential and non-residential constructions in the US between 2020 and 2021. Additionally, Oxford Economics projected that global construction output would rise by 42% from $10.7 trillion in 2020 to $15.2 trillion by 2030. Therefore, the construction industry's growth is driving the bio plasticizer market's expansion.

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Bio Plasticizers Market Key Players and Market Trends
Major companies in the bio plasticizers market include ExxonMobil Corporation, Cargill Incorporated, BASF SE, Dow Inc., Evonik Industries AG, DuPont, Kao Corporation, Arkema S.A., Solvay S.A and more these companies are focusing on collaborations and partnerships, innovative solution launches, investments in R&D, and applications in medical devices and pharmaceuticals. For instance, in January 2023, CEMEX launched ISOFLOW BIO, a high-performance superplasticizer technology made from bio-based raw materials, significantly reducing the carbon footprint of concrete production. This development in bio-sourced admixtures offers a sustainable alternative to traditional, oil-based admixtures, making concrete more workable and leading to faster construction times and reduced labor costs.

Bio Plasticizers Market Segments:
• By Type: Sebacates, Succinic Acid, Citrates, Glycerol Esters, Epoxides, Other Types
• By Application: Flooring And Walls, Film And Sheet Coverings, Wires And Cables, Coated Fabrics, Consumer Goods, Other Applications
• By End-Use: Automobile, Packaging, Electrical And Electronics, Textiles, Building And Construction, Medical And Healthcare, Other End Uses

Geographical Insights: Asia-Pacific Leading the Market
Asia-Pacific was the largest region in the bio plasticizers market in 2023. Europe is expected to be the fastest-growing region during the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.

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Bio Plasticizers Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Bio Plasticizers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on bio plasticizers market size, bio plasticizers market drivers and trends, bio plasticizers market major players, competitors' revenues, market positioning, and market growth across geographies. The bio plasticizers market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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