The Asia Pacific Bio Plasticizers Market would witness market growth of 8.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 686.38 Kilo Tonnes, showcasing a growth of 13.4% (2020-2023).
Citrates are a widely used class of in the market, offering an eco-friendly alternative to traditional phthalate-based plasticizers. Citrates, such as acetyl tributyl citrate (ATBC) and tributyl citrate (TBC), are derived from citric acid, a naturally occurring organic acid found in citrus fruits. These compounds are commonly employed as plasticizers in polymer formulations to improve flexibility, elasticity, and processability. In terms of volume, the India Market consumed 17.65 Kilo Tonnes Citrates in 2023.
The China market dominated the Asia Pacific Bio Plasticizers Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $602.5 million by 2031. The India market is registering a CAGR of 9.2% during (2024 - 2031). Additionally, The Japan market would showcase a CAGR of 7.7% during (2024 - 2031).
Bio plasticizers are being used to produce flexible and sustainable packaging materials that can help reduce the use of traditional plastics derived from fossil fuels. Similarly, in the automotive industry, there is a trend toward using bio-based materials in vehicle interiors to reduce the environmental footprint of automobiles. As these industries expand, their demand will increase as well.
The market is experiencing substantial growth across various end-use industries, driven by the increasing demand for sustainable and eco-friendly materials. One of the key industries benefiting from the adoption of these is the packaging industry. These facilitate the production of extensible and sustainable packaging materials, thereby catering to the increasing market demand for eco-friendly alternatives.
The Asia Pacific region is experiencing a significant expansion in the market, driven by key industries such as textiles, apparel, automotive, and handicrafts. For example, India's domestic apparel and textile industry contributes approximately 2.3% of the country's GDP and 7% of industry output in value terms. The textile, apparel, and handicrafts sector also plays a crucial role in India's exports, accounting for 11.4% of the country's total exports in 2020-21, with textile exports reaching over US$44 billion in FY 2021-22. This growth in the textile industry is driving the demand for sustainable materials, including bio plasticizers, to reduce environmental impact. Therefore, the region will present lucrative growth prospects for the market.
Free Valuable Insights: The Global Bio Plasticizers Market is Predict to reach USD 5.4 Billion by 2031, at a CAGR of 8.4%
Based on Product, the market is segmented into Epoxidized Soyabean Oil (ESBO), Castor Oil-based Plasticizer, Citrates, Succinic Acid, and Others. Based on Application, the market is segmented into Packaging Materials, Consumer Goods, Automotive & Transport, Building & Construction, Textile, Agriculture & Horticulture, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Avient Corporation
- BASF SE
- Cargill, Incorporated
- DIC Corporation
- The Dow Chemical Company
- Evonik Industries AG (RAG-Stifung)
- Lanxess AG
- Solvay SA
- ACS Technical Products
- Emery Oleochemicals LLC
Asia Pacific Bio Plasticizers Market Report Segmentation
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Epoxidized Soyabean Oil (ESBO)
- Castor Oil-based Plasticizer
- Citrates
- Succinic Acid
- Others
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Packaging Materials
- Consumer Goods
- Automotive & Transport
- Building & Construction
- Textile
- Agriculture & Horticulture
- Others
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
TABLE 1 Asia Pacific Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 4 Asia Pacific Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 5 Asia Pacific Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 8 Asia Pacific Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 9 Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 Asia Pacific Epoxidized Soyabean Oil (ESBO) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 Asia Pacific Castor Oil-based Plasticizer Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Castor Oil-based Plasticizer Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Castor Oil-based Plasticizer Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 Asia Pacific Castor Oil-based Plasticizer Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 Asia Pacific Citrates Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Citrates Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Citrates Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 Asia Pacific Citrates Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 Asia Pacific Succinic Acid Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Succinic Acid Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Succinic Acid Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 Asia Pacific Succinic Acid Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28 Asia Pacific Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29 Asia Pacific Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 30 Asia Pacific Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 31 Asia Pacific Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 32 Asia Pacific Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 33 Asia Pacific Packaging Materials Market by Country, 2020 - 2023, USD Million
TABLE 34 Asia Pacific Packaging Materials Market by Country, 2024 - 2031, USD Million
TABLE 35 Asia Pacific Packaging Materials Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 Asia Pacific Packaging Materials Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 Asia Pacific Consumer Goods Market by Country, 2020 - 2023, USD Million
TABLE 38 Asia Pacific Consumer Goods Market by Country, 2024 - 2031, USD Million
TABLE 39 Asia Pacific Consumer Goods Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 Asia Pacific Consumer Goods Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 Asia Pacific Automotive & Transport Market by Country, 2020 - 2023, USD Million
TABLE 42 Asia Pacific Automotive & Transport Market by Country, 2024 - 2031, USD Million
TABLE 43 Asia Pacific Automotive & Transport Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 Asia Pacific Automotive & Transport Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 Asia Pacific Building & Construction Market by Country, 2020 - 2023, USD Million
TABLE 46 Asia Pacific Building & Construction Market by Country, 2024 - 2031, USD Million
TABLE 47 Asia Pacific Building & Construction Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 Asia Pacific Building & Construction Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 Asia Pacific Textile Market by Country, 2020 - 2023, USD Million
TABLE 50 Asia Pacific Textile Market by Country, 2024 - 2031, USD Million
TABLE 51 Asia Pacific Textile Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 Asia Pacific Textile Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 Asia Pacific Agriculture & Horticulture Market by Country, 2020 - 2023, USD Million
TABLE 54 Asia Pacific Agriculture & Horticulture Market by Country, 2024 - 2031, USD Million
TABLE 55 Asia Pacific Agriculture & Horticulture Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56 Asia Pacific Agriculture & Horticulture Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 58 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 59 Asia Pacific Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 60 Asia Pacific Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 61 Asia Pacific Bio Plasticizers Market by Country, 2020 - 2023, USD Million
TABLE 62 Asia Pacific Bio Plasticizers Market by Country, 2024 - 2031, USD Million
TABLE 63 Asia Pacific Bio Plasticizers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 64 Asia Pacific Bio Plasticizers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 65 China Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 66 China Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 67 China Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 68 China Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 69 China Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 70 China Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 71 China Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 72 China Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 73 China Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 74 China Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 75 China Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 76 China Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 77 India Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 78 India Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 79 India Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 80 India Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 81 India Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 82 India Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 83 India Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 84 India Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 85 India Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 86 India Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 87 India Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 88 India Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 89 Japan Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 90 Japan Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 91 Japan Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 92 Japan Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 93 Japan Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 94 Japan Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 95 Japan Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 96 Japan Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 97 Japan Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 98 Japan Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 99 Japan Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 100 Japan Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 101 South Korea Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 102 South Korea Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 103 South Korea Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 104 South Korea Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 105 South Korea Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 106 South Korea Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 107 South Korea Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 108 South Korea Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 109 South Korea Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 110 South Korea Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 111 South Korea Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 112 South Korea Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 113 Australia Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 114 Australia Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 115 Australia Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 116 Australia Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 117 Australia Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 118 Australia Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 119 Australia Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 120 Australia Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 121 Australia Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 122 Australia Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 123 Australia Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 124 Australia Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 125 Malaysia Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 126 Malaysia Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 127 Malaysia Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 128 Malaysia Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 129 Malaysia Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 130 Malaysia Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 131 Malaysia Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 132 Malaysia Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 133 Malaysia Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 134 Malaysia Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 135 Malaysia Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 136 Malaysia Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 137 Rest of Asia Pacific Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 138 Rest of Asia Pacific Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 139 Rest of Asia Pacific Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 140 Rest of Asia Pacific Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 141 Rest of Asia Pacific Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 142 Rest of Asia Pacific Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 143 Rest of Asia Pacific Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 144 Rest of Asia Pacific Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 145 Rest of Asia Pacific Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 146 Rest of Asia Pacific Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 147 Rest of Asia Pacific Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 148 Rest of Asia Pacific Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 149 Key Information – Avient Corporation
TABLE 150 Key Information – BASF SE
TABLE 151 Key Information – Cargill, Incorporated
TABLE 152 Key Information – DIC Corporation
TABLE 153 Key Information – The Dow Chemical Company
TABLE 154 Key Information – Evonik Industries AG
TABLE 155 Key Information – Lanxess AG
TABLE 156 Key Information – Solvay SA
TABLE 157 Key Information – ACS Technical Products
TABLE 158 Key Information – Emery Oleochemicals LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Bio Plasticizers Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Bio Plasticizers Market
FIG 4 Porter’s Five Forces Analysis - Bio Plasticizers Market
FIG 5 Asia Pacific Bio Plasticizers Market share by Product, 2023
FIG 6 Asia Pacific Bio Plasticizers Market share by Product, 2031
FIG 7 Asia Pacific Bio Plasticizers Market by Product, 2020 - 2031, USD Million
FIG 8 Asia Pacific Bio Plasticizers Market share by Application, 2023
FIG 9 Asia Pacific Bio Plasticizers Market share by Application, 2031
FIG 10 Asia Pacific Bio Plasticizers Market by Application, 2020 - 2031, USD Million
FIG 11 Asia Pacific Bio Plasticizers Market share by Country, 2023
FIG 12 Asia Pacific Bio Plasticizers Market share by Country, 2031
FIG 13 Asia Pacific Bio Plasticizers Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Avient Corporation
FIG 15 SWOT Analysis: BASF SE
FIG 16 SWOT Analysis: Cargill, Incorporated
FIG 17 SWOT Analysis: DIC Corporation
FIG 18 SWOT Analysis: The Dow Chemical Company
FIG 19 SWOT Analysis: Evonik Industries AG
FIG 20 Swot Analysis: Lanxess AG
FIG 21 SWOT Analysis: Solvay SA
FIG 22 SWOT Analysis: ACS Technical Products
FIG 23 SWOT Analysis: Emery Oleochemicals LLC