Published Date : 2025-Apr-02
The global bio plasticizers market is witnessing significant growth due to increasing demand for sustainable alternatives to conventional plasticizers. These eco-friendly additives are used to improve the flexibility and durability of plastics while reducing environmental impact.
The market is projected to reach $10.2 billion by 2033, growing at a CAGR of 9.5% from 2024 to 2033.
Based on recent reports, here are the top companies leading the global bio plasticizers market in 2025.
Below is an overview of the top companies leading the charge in 2025.
Company Overview: Eastman Chemical Company is a globally recognized specialty chemical manufacturer, playing a significant role in the development of sustainable solutions, including bio-based plasticizers. The company's commitment to innovation and eco-friendly materials makes it a key player in the global bio plasticizers market.
The company is a pioneer in phthalate-free and bio-based plasticizers, offering sustainable alternatives to traditional petroleum-based plasticizers
Eastman BioPlasticizers™ – Designed for food packaging, consumer goods, and medical applications.
Benzoflex™ and VersaMax™ Plasticizers – High-performance, non-phthalate solutions for flexible plastics.
Eastman 168™ (Non-Phthalate Plasticizer) – A leading alternative to traditional plasticizers, widely used in children’s toys, medical devices, and automotive interiors.
Company Overview: Evonik Industries is a German multinational company specializing in specialty chemicals, with a strong emphasis on sustainability and innovation. As a pioneer in bio-based and phthalate-free plasticizers, Evonik is a key player in the global bio plasticizers market, catering to automotive, construction, medical, and consumer goods industries.
The company has invested heavily in green chemistry, focusing on renewable feedstocks, high-performance polymer additives, and circular economy solutions.
Carbon Neutrality Commitment – Targeting climate-neutral production by 2040.
As a global leader in specialty chemicals, Evonik Industries is driving innovation in bio-based plasticizers, aligning with sustainability goals and regulatory requirements. With its strong commitment to green chemistry, advanced R&D, and high-performance solutions, Evonik is set to lead the future of sustainable plasticizers.
Company Overview: Lanxess AG is a German multinational specializing in specialty chemicals, including bio-based plasticizers. As a leader in sustainable chemical solutions, Lanxess plays a key role in the global bio plasticizers market, developing phthalate-free, eco-friendly alternatives for various industries.
Mesamoll® – A non-phthalate ester plasticizer used in PVC, rubber, and adhesives.
Unimoll® – Used in medical applications, food packaging, and flexible films.
Adimoll® – A sustainable alternative to petroleum-based plasticizers for high-performance coatings and polymers.
Company Overview: The Dow is a global leader in materials science, specializing in chemicals, plastics, and bio-based solutions. As part of its sustainability strategy, Dow has invested heavily in bio plasticizers, offering phthalate-free, renewable alternatives for various industries, including packaging, automotive, construction, and healthcare.
Bio-Based & Circular Economy – Dow invests in renewable feedstocks and plastic waste recycling and Low Carbon Solutions – Dow’s ECOLIBRIUM™ plasticizers cut CO? emissions.
As a global innovator in bio plasticizers, Dow Chemical is leading the way in sustainable, high-performance materials. With its commitment to green chemistry, reduced carbon footprint, and regulatory compliance, Dow is set to shape the future of eco-friendly plasticizers.
Company Overview: Arkema is a French multinational specialty chemicals company, renowned for its innovative bio-based plasticizers. As the demand for phthalate-free, eco-friendly additives rises, Arkema has positioned itself as a key player in the global bio plasticizers market, focusing on high-performance and sustainable solutions for automotive, packaging, medical, and construction industries.
GRINDSTED® SOFT-N-SAFE™ - 100% bio-based plasticizer from natural feedstocks and Used in children’s toys, medical devices, and flexible PVC.
Vikoflex® Epoxidized Plasticizers - Derived from vegetable oils, making them eco-friendly and Excellent thermal stability for automotive, flooring, and industrial coatings.
PLASTIMUL™ Bio-Based Plasticizers - Designed for waterproofing membranes and construction materials and Enhances flexibility, adhesion, and resistance to weather conditions.
Low Carbon Strategy – Targets 40% reduction in carbon footprint by 2030.
Company Overview: LG Chem is a South Korean multinational chemical company specializing in petrochemicals, advanced materials, and life sciences. As part of its sustainability and ESG strategy, LG Chem has made significant investments in bio-based plasticizers, positioning itself as a key player in the global bio plasticizers market. The company is focused on phthalate-free, renewable plasticizers used in automotive, electronics, packaging, medical, and construction applications.
Carbon Neutrality Strategy – LG Chem aims to achieve carbon neutrality by 2050.
Bio-Based & Circular Economy – Focuses on biodegradable plasticizers and green polymers.
As a global leader in sustainable materials, LG Chem is driving innovation in bio-based plasticizers, aligning with global sustainability goals and regulatory requirements. With its commitment to green chemistry, advanced R&D, and high-performance eco-friendly solutions, LG Chem is set to lead the future of bio plasticizers.
Company Overview: Valtris Specialty Chemicals is a leading global manufacturer of specialty additives and plasticizers, with a strong focus on bio-based and phthalate-free plasticizers. The company provides high-performance solutions for polymer processing, coatings, adhesives, sealants, and lubricants, catering to industries such as automotive, construction, packaging, and healthcare.
With a strong commitment to sustainability, Valtris continues to expand its bio-based product portfolio, helping industries transition to eco-friendly and regulatory-compliant plasticizers.
The company is known for its eco-friendly plasticizer innovations, replacing traditional phthalate-based plasticizers with high-performance, renewable alternatives.
As a leader in specialty chemicals, Valtris Specialty Chemicals is at the forefront of bio-based plasticizer innovation, helping industries transition to sustainable, high-performance solutions. With its strong focus on regulatory compliance, eco-friendly formulations, and technological advancements, Valtris is set to shape the future of bio plasticizers.
The global bio plasticizers market is segmented into key regions based on industrial growth, government regulations, and demand for sustainable materials:
Strong presence of market leaders like Eastman, Dow, and Cargill.
Growth driven by strict environmental regulations and demand for sustainable packaging.
Led by Germany, France, and the UK with key players such as BASF, Evonik, and Lanxess.
EU regulations promoting biodegradable plastics are a major growth driver.
Rapid growth in China, Japan, and South Korea with companies like LG Chem and DIC.
Increasing industrialization and government initiatives for sustainability.
Emerging market with growing demand for bio-based packaging and construction materials.
Brazil and Mexico leading with investments in bioplastic production.
Slow adoption due to economic challenges, but increasing awareness about sustainability.
Market growth driven by foreign investments in green technologies.
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