high purity Bio-plasticizers Market Status 2024

  • high purity Bio-plasticizers Market Status 2024
  • high purity Bio-plasticizers Market Status 2024
  • high purity Bio-plasticizers Market Status 2024
  • How big is the plasticizers market in 2022?
  • Updated on : October 25, 2024 The global plasticizers market was valued at USD 17.0 billion in 2022 and is projected to reach USD 22.5 billion by 2027, growing at 5.7% cagr from 2022 to 2027. Construction is one of the major end-use industries of plasticizers and offers market growth opportunities.
  • What is the value of the bio-plasticizers market?
  • In 2020, the total value of new construction was about USD 1,469 billion in the United States, reaching about USD 1,590 billion in 2021, with a growth rate of 8%. This led to an increase in the demand for flooring and wall covering, which, in turn, increased the demand for the bio-plasticizers market.
  • How is the bio-plasticizers market segmented?
  • The bio-plasticizers market is segmented by Type (Epoxidized Soybean Oil, Castor Oil, Citrates, Succinic Acid, Other Types), Application (Wire and Cables, Film and Sheet, Flooring and Wall Covering, Medical Devices, Package Materials, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa).
  • What are bio-plasticizers?
  • Bio-plasticizers are polymer materials derived from renewable sources, including vegetable oil and biomass. It can be considered a substitute for polyvinyl chloride (PVC). It finds its major application in end-user industries, including building and construction, electronics, and automotive.

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