Market revenue in 2023 | USD 142.6 million |
Market revenue in 2030 | USD 246.6 million |
Growth rate | 8.1% (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 36.75% in 2023. Horizon Databook has segmented the UK 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.
The UK bio-plasticizers market is expected to witness substantial growth over the forecast period owing to the rising demand from key application industries such as packaging and consumer goods. The growing adoption of bio-plasticizer products in food packaging and agriculture industries is further propelling the demand for bio-plasticizers in the country.
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