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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