Bio Plasticizers Market 2024 : Latest Industry Trends Indonesia

  • Bio Plasticizers Market 2024 : Latest Industry Trends Indonesia
  • Bio Plasticizers Market 2024 : Latest Industry Trends Indonesia
  • Bio Plasticizers Market 2024 : Latest Industry Trends Indonesia
  • 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.
  • How Indonesia's plasticizers market is reviving?
  • As construction projects resumed and the automotive industry recovered, the market for plasticizers displayed a gradual rebound. Indonesia`s plasticizers market has seen substantial growth in recent years. Key players in this sector include Indo-Rama Synthetics (Indonesia) Tbk and PT Lautan Luas Tbk.
  • What challenges do bioplastics and biopolymers face in Indonesia?
  • The bioplastics and biopolymers market in Indonesia faces challenges related to market acceptance and infrastructure. Promoting the adoption of biodegradable alternatives requires concerted efforts in consumer education and policy advocacy.
  • 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 global plasticizers market?
  • Stringent Regulations banning the usage of phthalates plasticizers and the toxic effect of PVC is likely to act as a market restraint. The Global Plasticizers Market is Segmented on the basis of Type, Application, And Geography. Based on the Type, the market is bifurcated into Phthalates Plasticizers and Non-Phthalates Plasticizers.
  • 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.

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