Market revenue in 2023 | USD 85.5 million |
Market revenue in 2030 | USD 145.1 million |
Growth rate | 7.8% (CAGR from 2023 to 2030) |
Largest segment | Epoxidized soybean oil (esbo) |
Fastest growing segment | Castor oil-based plasticizers |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
Epoxidized soybean oil (esbo) was the largest segment with a revenue share of 36.26% in 2023. Horizon Databook has segmented the Italy 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.
Italy bio-plasticizers market is supported by the growth of major end-use industries such as packaging, agriculture, and consumer goods. Growing personal disposable income and rising environmental concerns regarding the use of lightweight plastics are fueling the consumption of bio-plasticizers across a broad range of end-use industries. In addition, stringent government regulations implemented on single-use plastics are further augmenting the market growth.
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