hot selling Bio Plasticizers Market Share

  • hot selling Bio Plasticizers Market Share
  • hot selling Bio Plasticizers Market Share
  • hot selling Bio Plasticizers Market Share
  • 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.
  • 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.
  • 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 .
  • 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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