hot selling Bio Plasticizers Market Size Share

  • hot selling Bio Plasticizers Market Size Share
  • hot selling Bio Plasticizers Market Size Share
  • hot selling Bio Plasticizers Market Size Share
  • What is the size of the plasticizers market?
  • Plasticizers Market size was valued at USD 20.44 Billion in 2020 and is projected to reach USD 32.53 Billion by 2028, growing at a CAGR of 6.09% from 2021 to 2028.
  • What is the outlook for the bio-based plasticizers market?
  • The high cost of bio-plasticizers, when compared with conventional plasticizers, is likely to hinder the growth of the market. Ongoing research on bio-based plasticizers is likely to create opportunities for the market during the forecast period. The Asia-Pacific region is expected to dominate the market.
  • 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.
  • Are bio-based plasticizers still a research hotspot?
  • Thus, preparing high performance bio-based plasticizers will still be a research hotspot in this field for a long time. Vegetable oils such as soybean oil, peanut oil, castor oil, tung oil, palm oil and so on which are generally extracted from plant seeds and germ, are widely distributed in nature .
  • 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).
  • Which phthalate plasticizers accounted for the largest market share in 2021?
  • Phthalate plasticizers accounted for 80.6% market, in terms of volume, in 2021. This dominance is attributed to their low price and properties such as high durability, stability, and robust performance. The DINP type of phthalate plasticizers accounted for the largest market share (28.6%), in terms of volume, globally in 2021.

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