The North America Bio Plasticizers Market would witness market growth of 7.8% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 305.40 Kilo Tonnes, showcasing a growth of 12.6% (2020-2023).
Epoxidized Soybean Oil (ESBO) serves as a prominent bio plasticizer in the market, offering a sustainable alternative to traditional phthalate-based plasticizers. ESBO is derived from soybean oil through epoxidation, a process that introduces epoxy groups into the oil's structure. This modification enhances ESBO's plasticizing properties, making it an effective additive in polymer formulations to improve flexibility, durability, and thermal stability. Hence, the total consumption of Epoxidized Soybean Oil in the US Market was 130.94 Kilo Tonnes in 2023.
The US market dominated the North America Bio Plasticizers Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $987.1 million by 2031. The Canada market is experiencing a CAGR of 9.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.3% during (2024 - 2031).
Bio plasticizers are plastic additives that improve their flexibility, workability, and durability. They are derived from renewable resources such as plant oils, corn, and sugarcane, making them more environmentally friendly than traditional plasticizers derived from fossil fuels. These are used in various industries, including construction, automotive, and packaging, as a safer and more sustainable alternative to conventional plasticizers.
The market is undergoing a significant transformation driven by increasing environmental concerns, regulatory pressure, and a growing demand for sustainable alternatives. Plasticizers are essential additives used in the production of plastics to improve their flexibility, workability, and durability. They are commonly added to PVC (polyvinyl chloride) and other polymer products to impart desired properties.
The rising demand for bio-plasticizers in North America can be attributed to several factors, including the region's significant automotive and packaging industries. Mexico, for example, is a key player in the automotive sector, ranking as the world's seventh-largest passenger vehicle manufacturer, with 3.5 million vehicles produced annually. Thus, its demand in North America is rising, driven by the region's significant automotive, packaging, and agriculture industries.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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
North America 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)
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 2 North America Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 3 North America Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 4 North America Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 5 North America Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 6 North America Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 7 North America Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 8 North America Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 9 North America Epoxidized Soyabean Oil (ESBO) Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Epoxidized Soyabean Oil (ESBO) Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Epoxidized Soyabean Oil (ESBO) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 North America Epoxidized Soyabean Oil (ESBO) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 North America Castor Oil-based Plasticizer Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Castor Oil-based Plasticizer Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Castor Oil-based Plasticizer Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 North America Castor Oil-based Plasticizer Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 North America Citrates Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Citrates Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Citrates Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 North America Citrates Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 North America Succinic Acid Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Succinic Acid Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Succinic Acid Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 North America Succinic Acid Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28 North America Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29 North America Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 30 North America Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 31 North America Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 32 North America Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 33 North America Packaging Materials Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Packaging Materials Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Packaging Materials Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 North America Packaging Materials Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 North America Consumer Goods Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Consumer Goods Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Consumer Goods Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 North America Consumer Goods Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 North America Automotive & Transport Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Automotive & Transport Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Automotive & Transport Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 North America Automotive & Transport Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 North America Building & Construction Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Building & Construction Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Building & Construction Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 North America Building & Construction Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 North America Textile Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Textile Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Textile Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 North America Textile Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 North America Agriculture & Horticulture Market by Country, 2020 - 2023, USD Million
TABLE 54 North America Agriculture & Horticulture Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Agriculture & Horticulture Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56 North America Agriculture & Horticulture Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 58 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 59 North America Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 60 North America Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 61 North America Bio Plasticizers Market by Country, 2020 - 2023, USD Million
TABLE 62 North America Bio Plasticizers Market by Country, 2024 - 2031, USD Million
TABLE 63 North America Bio Plasticizers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 64 North America Bio Plasticizers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 65 US Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 66 US Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 67 US Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 68 US Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 69 US Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 70 US Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 71 US Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 72 US Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 73 US Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 74 US Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 75 US Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 76 US Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 77 Canada Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 78 Canada Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 79 Canada Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 80 Canada Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 81 Canada Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 82 Canada Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 83 Canada Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 84 Canada Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 85 Canada Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 86 Canada Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 87 Canada Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 88 Canada Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 89 Mexico Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 90 Mexico Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 91 Mexico Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 92 Mexico Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 93 Mexico Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 94 Mexico Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 95 Mexico Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 96 Mexico Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 97 Mexico Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 98 Mexico Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 99 Mexico Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 100 Mexico Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 101 Rest of North America Bio Plasticizers Market, 2020 - 2023, USD Million
TABLE 102 Rest of North America Bio Plasticizers Market, 2024 - 2031, USD Million
TABLE 103 Rest of North America Bio Plasticizers Market, 2020 - 2023, Kilo Tonnes
TABLE 104 Rest of North America Bio Plasticizers Market, 2024 - 2031, Kilo Tonnes
TABLE 105 Rest of North America Bio Plasticizers Market by Product, 2020 - 2023, USD Million
TABLE 106 Rest of North America Bio Plasticizers Market by Product, 2024 - 2031, USD Million
TABLE 107 Rest of North America Bio Plasticizers Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 108 Rest of North America Bio Plasticizers Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 109 Rest of North America Bio Plasticizers Market by Application, 2020 - 2023, USD Million
TABLE 110 Rest of North America Bio Plasticizers Market by Application, 2024 - 2031, USD Million
TABLE 111 Rest of North America Bio Plasticizers Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 112 Rest of North America Bio Plasticizers Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 113 Key Information – Avient Corporation
TABLE 114 Key Information – BASF SE
TABLE 115 Key Information – Cargill, Incorporated
TABLE 116 Key Information – DIC Corporation
TABLE 117 Key Information – The Dow Chemical Company
TABLE 118 Key Information – Evonik Industries AG
TABLE 119 Key Information – Lanxess AG
TABLE 120 Key Information – Solvay SA
TABLE 121 Key Information – ACS Technical Products
TABLE 122 Key Information – Emery Oleochemicals LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Bio Plasticizers Market share by Product, 2023
FIG 6 North America Bio Plasticizers Market share by Product, 2031
FIG 7 North America Bio Plasticizers Market by Product, 2020 - 2031, USD Million
FIG 8 North America Bio Plasticizers Market share by Application, 2023
FIG 9 North America Bio Plasticizers Market share by Application, 2031
FIG 10 North America Bio Plasticizers Market by Application, 2020 - 2031, USD Million
FIG 11 North America Bio Plasticizers Market share by Country, 2023
FIG 12 North America Bio Plasticizers Market share by Country, 2031
FIG 13 North America 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