Netherlands Bio Plasticizers Market Size & Outlook
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Netherlands bio plasticizers market highlights
- The Netherlands bio plasticizers market generated a revenue of USD 25.8 million in 2023 and is expected to reach USD 45.9 million by 2030.
- The Netherlands market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, epoxidized soybean oil (esbo) was the largest revenue generating product in 2023.
- Castor oil-based plasticizers is the most lucrative product segment registering the fastest growth during the forecast period.
Bio plasticizers market data book summary
| Market revenue in 2023 | USD 25.8 million |
| Market revenue in 2030 | USD 45.9 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Epoxidized soybean oil (esbo) |
| Fastest growing segment | Castor oil-based plasticizers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Epoxidized soybean oil (ESBO), Castor oil-based plasticizers, Citrates, Succinic Acid, Other Products |
| Key market players worldwide | Avient Corp, Basf SE, Cargill, DIC Corp, Dow Inc, Evonik Industries AG, Lanxess AG, Solvay SA, PTT Global Chemical PCL ADR, Jungbunzlauer Suisse |
Other key industry trends
- In terms of revenue, Netherlands accounted for 0.8% of the global bio plasticizers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany bio plasticizers market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 223.3 million by 2030.
Epoxidized soybean oil (esbo) was the largest segment with a revenue share of 36.43% in 2023. Horizon Databook has segmented the Netherlands bio plasticizers market based on epoxidized soybean oil (esbo), castor oil-based plasticizers, citrates, succinic acid, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The use of conventional plasticizers has been restricted across the country due to strict environmental regulations, hence providing bio-plasticizers an opportunity to gain popularity compared to conventional plastics.
Furthermore, the Dutch government actively supports the use of bioplastics in various industries through initiatives and subsidies. For instance, the Dutch Ministry of Economic Affairs and Climate Policy has launched a program, namely the Bio based Economy, to support the development of bio-plasticizers and other sustainable products.
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Bio Plasticizers Market Scope
Bio Plasticizers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Netherlands bio plasticizers market size, by product, 2018-2030 (US$M)
Netherlands Bio Plasticizers Market Outlook Share, 2023 & 2030 (US$M)
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