Spain Bio Plasticizers Market Size & Outlook, 2023-2030

The bio plasticizers market in Spain is expected to reach a projected revenue of US$ 92.9 million by 2030. A compound annual growth rate of 8.1% is expected of Spain bio plasticizers market from 2024 to 2030.
Revenue, 2023 (US$M)
$54.0
Forecast, 2030 (US$M)
$92.9
CAGR, 2024 - 2030
8.1%
Report Coverage
Spain

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Spain bio plasticizers market, 2018-2030 (US$M)

Spain bio plasticizers market, 2018-2030 (US$M)

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Spain bio plasticizers market highlights

  • The Spain bio plasticizers market generated a revenue of USD 54.0 million in 2023 and is expected to reach USD 92.9 million by 2030.
  • The Spain market is expected to grow at a CAGR of 8.1% 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 2023USD 54.0 million
Market revenue in 2030USD 92.9 million
Growth rate8.1% (CAGR from 2023 to 2030)
Largest segmentEpoxidized soybean oil (esbo)
Fastest growing segmentCastor oil-based plasticizers
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationEpoxidized soybean oil (ESBO), Castor oil-based plasticizers, Citrates, Succinic Acid, Other Products
Key market players worldwideAvient 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, Spain accounted for 1.8% 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 36.3% in 2023. Horizon Databook has segmented the Spain 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.


Rising awareness of sustainable packaging and increasing environmental concern regarding the usage of single-use plastic bags for packaging purposes are propelling the demand for bio-plasticizers in the country. In 2018, the Spanish government passed the Royal Decree to minimize the consumption of plastic bags. Such governmental measures are expected to boost the demand for bio-plasticizers over the forecast period.

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Bio Plasticizers Market Companies

Name Profile # Employees HQ Website
DIC Corp View profile 22255 DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 http://www.dic-global.com/en/index.html
Jungbunzlauer Suisse View profile 1001-5000 Basel, Basel-Stadt, Switzerland, Europe http://www.jungbunzlauer.com/
PTT Global Chemical PCL ADR View profile 6334 Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 18th Floor, Chatuchak, Bangkok, Thailand, 10900 https://www.pttgcgroup.com
Lanxess AG View profile 12621 Kennedyplatz 1, Cologne, Germany, 50569 https://www.lanxess.com
Solvay SA View profile 9000 Rue De Ransbeek, 310, Brussels, Belgium, B-1120 https://www.solvay.com
Cargill View profile 10001+ Minneapolis, Minnesota, United States, North America http://www.cargill.com
Avient Corp View profile 9300 33587 Walker Road, Avon Lake, OH, United States, 44012 https://www.avient.com
Dow Inc View profile 35900 2211 H.H. Dow Way, Midland, MI, United States, 48674 https://www.dow.com
Evonik Industries AG View profile 33409 Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 https://www.evonik.com
Basf SE View profile 111855 Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 https://www.basf.com

Spain bio plasticizers market size, by product, 2018-2030 (US$M)

Spain Bio Plasticizers Market Outlook Share, 2023 & 2030 (US$M)

Spain bio plasticizers market size, by product, 2018-2030 (US$M)

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