Plasticizers are
additives which are incorporated in a material to increase the plasticity or
viscosity of material. There are a number of types of plasticizers that are
used commercially. The most common used plasticizers include phthalates,
adipates, etc. Although, due to strict government guidelines coupled with
growing health concerns has elicited the demand for bio plasticizers.
Bio Plasticizers are
additives that hold lesser chemical effects, safe as well as have better
bio-degradability. Bio-Plasticizers are widely used for the manufacturing of
cables, as additives in plastic industries, surface coatings for polymers, etc.
The factors that propel the growth of the global Bio-Plasticizers market
include development in end user industries in emerging countries such as India,
China, etc. are projected to fuel the growth of global Bio Plasticizers market
during the forecasted period.
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In addition, supply
of unsafe phthalate like BBP, DBP, DEP, DOP has led to growing consumer
awareness which is ultimately fuelling the growth of bio plasticizers. Also,
bio-plasticizers provide several benefits such as electrical as well as
temperature functioning as compared to that of old plasticizers when utilized
for cable manufacturing.
Moreover, prohibition
on phthalate-based plasticizers in segments such as food packaging material,
medical products, etc. have directed to the growth of environmental friendly
bio-based plasticizers. On the other hand, there are also factors that hamper
the growth of the market such as high price of bio plasticizers as compared to
that of phthalate-based plasticizers. The global Bio Plasticizers market is
classified on the basis of product type, application, and geography.
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