Europe Bio Plasticizers Market Size & Outlook, 2024-2030
Related Markets
Europe bio plasticizers market highlights
- The Europe bio plasticizers market generated a revenue of USD 702.2 million in 2023.
- The market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, epoxidized soybean oil (esbo) was the largest revenue generating product in 2023.
- Castor oil-based plasticizers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 702.2 million |
| Market revenue in 2030 | USD 1,219.0 million |
| Growth rate | 8.7% (CAGR from 2024 to 2030) |
| Largest segment | Epoxidized soybean oil (esbo) |
| Fastest growing segment | Castor oil-based plasticizers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Epoxidized soybean oil (ESBO), Castor oil-based plasticizers, Citrates, Succinic Acid, Other Products |
| Key market players worldwide | Avient Corp, Basf SE, Cargill, DIC Corp, Dow Inc, Evonik Industries AG, Lanxess AG, Solvay SA, PTT Global Chemical PCL ADR, Jungbunzlauer Suisse |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.0% of the global bio plasticizers market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,293.9 million by 2030.
Epoxidized soybean oil (esbo) was the largest segment with a revenue share of 37.57% in 2023. Horizon Databook has segmented the Europe bio plasticizers market based on epoxidized soybean oil (esbo), castor oil-based plasticizers, citrates, succinic acid, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Europe bio-plasticizers market is anticipated to witness substantial growth over the coming years owing to various factors such as the presence of stringent environment-friendly laws, increasing environmental concerns among consumers, and rising R&D investments in bio-based plastics by private as well as public organizations.
In addition, government initiatives, such as the decision of the EU to minimize the overall consumption of single-use plastic products by about 80% in the region by 2022, are anticipated to propel the demand for bio-plasticizers over the forecast period.
However, the general consumer acceptability of bio-plasticizers is witnessing a rise across all European countries. The market is further anticipated to be driven by the increasing acceptance of bio-plasticizers in key end-use industries such as packaging, particularly of disposable plastic goods, and textiles.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Bio Plasticizers Market Scope
Bio Plasticizers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| DIC Corp | View profile | 22255 | DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 | http://www.dic-global.com/en/index.html |
| Jungbunzlauer Suisse | View profile | 1001-5000 | Basel, Basel-Stadt, Switzerland, Europe | http://www.jungbunzlauer.com/ |
| PTT Global Chemical PCL ADR | View profile | 6334 | Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 18th Floor, Chatuchak, Bangkok, Thailand, 10900 | https://www.pttgcgroup.com |
| Lanxess AG | View profile | 12621 | Kennedyplatz 1, Cologne, Germany, 50569 | https://www.lanxess.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Avient Corp | View profile | 9300 | 33587 Walker Road, Avon Lake, OH, United States, 44012 | https://www.avient.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Europe bio plasticizers market size, by country, 2018-2030 (US$M)
Europe Bio Plasticizers Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
