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Growing Construction Volumes to Underscore Growth in Bio-based Plasticizers Market

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Published on : Jul 15, 2021

Albany, New York, July 15, 2021: ResearchMoz.us has announced the addition of a report, titled “Global Bio-Based Plasticizers Market Research Report 2020”. The report on the Bio-Based Plasticizers Market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application.

In terms of application, building and construction, wires and cables, consumer goods, medical devices, packaging materials, and others are covered in the global bio-based plasticizers market report. By type, segments covered include epoxidized soybean oil, succinic acid, stearic acid, castor oil, and citric acid.

While a number of varied growth strategies are set to keep the global bio-based plasticizers market on a steady growth curve. Certain prominent ones are expansion in construction volumes – 85% by 2030. This will lead to massive demand for such products. India, China and the United States of America will account for about half (57%) of the market share.

A notable growth supporter in the construction market, and therefore in the global bio-based plasticizers market is increase in number of people inhabiting the world. Analysts claim that by 2050, 2 billion new people will be noted across the globe. Currently, number of people existing on the planet is 7.7 billion. That means that by the year 2050, it will be 9.7 billion. The additional people will require shelter in the form of houses, offices, malls, recreational center, and so on.

Additionally, it is pertinent to note here that the need for better packaging materials, environment friendly, is also being noted. This is also set to contribute to growth in the global bio-based plasticizers market. This is particularly the outcome of growing awareness regarding environmentally friendly products.

As per the global bio-based plasticizers market report, decent compound annual growth rate would be noted over the forecast period. New opportunities will present themselves to companies in the market landscape. Market worth would also better over this period. Therefore, it does not come as a surprise that players would have a sharp eye on gainful avenues and that they would try their best to make the best of these.

Decent number of companies marks the vendor landscape of global bio-plasticizers market. These are proactive and quite aggressive in terms of market share. Some of the renowned names that the report profile in great detail include Proviron, Dow, Roquette, Lanxess, BASF, Evonik, ACS Technical Products, Solvay, Vertellus, Emery Oleochemicals, Matrica, Polyone Corporation, and UPC Group, among others.

The profile contains critical information such as financial company overview, details into product development and new launches, and outline of growth strategies. It is quite pertinent to make note of the point that various strategies, aimed at growth, mark the market landscape. Geographic expansion and better products are key determinants of growth for players. Also, innovation in the market is driving both the players as well as market on an upward growth trajectoty.

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Region-wise, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa are covered in the global bio-based plasticizers market report.  It is pertinent to note here that the North American region has been a dominant region in the market and the trend will roll into the assessment period of the report. Since construction volumes would be high in the Asia Pacific (APAC) region, opportunities are expected to emerge over the stated period. It is pertinent to note here that Asia Pacific is a major market player and that India and China are major contributors to this place of dominance.