According to a new report, published by KBV research, The Global Bio Plasticizers Market size is expected to reach $5.4 billion by 2031, rising at a market growth of 8.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,682.39 Kilo Tonnes, experiencing a growth of 13.1% (2020-2023).
Consumer preferences for eco-friendly products also influence purchasing decisions in the construction industry. Builders and contractors increasingly opt for sustainable building materials, including bio-based plasticizers, to meet the growing demand for green buildings. This shift towards eco-friendly construction practices is driven by consumer preferences, regulatory requirements, and a desire to reduce operating costs over the long term.
The Epoxidized Soyabean Oil (ESBO) segment is registering maximum revenue in the Global Bio Plasticizers Market by Product in 2023; thereby, achieving a market value of $1.9 billion by 2031. ESBO is derived from soybean oil through epoxidation, which converts the unsaturated fatty acids in the oil into epoxy groups, making it suitable for use as a plasticizer. ESBO is commonly used as a secondary plasticizer in PVC applications, where it improves the polymer's flexibility, thermal stability, and impact resistance. The versatility of ESBO is also a key factor contributing to its growth. It can be used in various applications, including food packaging, medical devices, and toys, due to its low volatility, good heat stability, and compatibility with PVC and other polymers.
The Automotive & Transport segment is experiencing a CAGR of 8.8% during (2024 - 2031). Bio plasticizers are increasingly used in the automotive industry to manufacture interior components such as dashboards, door panels, and upholstery. They also produce wire and cable coatings, gaskets, seals, and other automotive applications. The performance advantages, regulatory compliance, and environmental benefits of bio plasticizers make them the material of choice for automakers seeking to reduce the environmental impact of their products.
Full Report: https://www.kbvresearch.com/bio-plasticizers-market/
The Asia Pacific region dominated the Global Bio Plasticizers Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.3 billion by 2031. The North America region is anticipated to grow at a CAGR of 7.8% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 8.2% during (2024 - 2031).
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
Unique Offerings 
