The Global Bio Plasticizers Market was valued at USD 874.8 Million in 2022 and is projected to reach USD 1260.7 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2022–2030). This robust growth trajectory is primarily fueled by stringent global regulations phasing out phthalates, rising consumer demand for non-toxic and sustainable products, and the expanding applications of flexible PVC across packaging, consumer goods, and construction sectors.

As the chemical industry pivots decisively toward green chemistry and circular economy principles, bio-based plasticizers derived from renewable resources like soybean, palm, castor oil, and citrates are gaining prominence. In this blog, we profile the Top 10 Companies in the Bio Plasticizers Industry—a select group of chemical innovators, agribusiness giants, and specialty chemical leaders who are redefining material flexibility with sustainability at the core.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Hexamoll® DINCH, Palatinol® N, and other bio-based plasticizers

BASF is a global chemical powerhouse and a leading innovator in bio-based plasticizers. Its flagship product, Hexamoll® DINCH, is a non-phthalate plasticizer specifically developed for sensitive applications like toys, medical devices, and food contact materials, earning approvals from major regulatory bodies worldwide. The company’s extensive R&D focuses on creating high-performance, sustainable alternatives derived from renewable raw materials.

Sustainability Initiatives:

• Commitment to carbon-neutral growth by 2030
• Expansion of bio-based product portfolio through strategic R&D investments
• Development of plasticizers with improved eco-toxicological profiles

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9️⃣ 2. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Ecolibrium™ bio-based plasticizers, Engineered Polyolefin Elastomers

Dow is a key player in providing sustainable material solutions, including its Ecolibrium™ technology—a family of bio-based plasticizers that reduce the carbon footprint of end products. These plasticizers are designed for use in wire and cable, flooring, and film applications, offering performance comparable to traditional phthalates while enhancing sustainability credentials for brand owners.

Sustainability Initiatives:

• Goal to transform waste and alternative feedstock into sustainable products
• Partnerships to advance circular economy models in the plastics value chain
• Investment in bio-derivable and circular feedstock capabilities

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8️⃣ 3. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: VESTINOL® and TEGOMER® product lines, specialty bio-based plasticizers

Evonik is a global leader in specialty chemicals, offering a range of high-performance plasticizers, including bio-based variants. The company’s expertise lies in creating tailored solutions for the plastics industry, focusing on applications requiring high thermal stability, low volatility, and excellent gelling properties, particularly in the automotive and construction sectors.

Sustainability Initiatives:

• Strategic focus on Next Generation Solutions contributing to sustainability
• Development of plasticizers with reduced environmental impact
• Active participation in industry consortia for sustainable plasticizer standards

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7️⃣ 4. LANXESS AG

Headquarters: Cologne, Germany
Key Offering: Mesamoll® (alkylsulfonic phenyl ester), Adimoll® (adipate ester)

LANXESS offers innovative plasticizer solutions, with Mesamoll® standing out as a versatile, phthalate-free alternative known for its high saponification resistance and low-temperature flexibility. The company caters to demanding applications in the automotive, construction, and consumer goods industries, emphasizing product safety and regulatory compliance.

Sustainability Initiatives:

• Integration of sustainability criteria into product development lifecycle
• Focus on creating durable and recyclable PVC products using its plasticizers
• Commitment to climate neutrality by 2040

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6️⃣ 5. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Eastman 168™ (Non-Phthalate), Benzoflex™ plasticizers

Eastman provides a broad portfolio of non-phthalate plasticizers, including bio-based options, designed for a wide array of applications from flooring and wall coverings to toys and food packaging. Their products are recognized for their excellent compatibility with PVC and other polymers, offering superior performance and a more sustainable profile.

Sustainability Initiatives:

• Circular economy platform focusing on molecular recycling technologies
• Goal to utilize 50% recycled or renewable feedstock by 2030
• Development of plasticizers that support the recyclability of end products

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5️⃣ 6. Emery Oleochemicals

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Bio-based plasticizers derived from palm and other vegetable oils

Emery Oleochemicals is a leading global producer of oleochemicals, with a strong focus on bio-based plasticizers. Leveraging its expertise in natural oil chemistry, the company produces epoxidized vegetable oils (EVOs) like ESBO (Epoxidized Soybean Oil) and other ester-based plasticizers that serve as primary or secondary plasticizers in PVC and other flexible polymers.

Sustainability Initiatives:

• Member of the Roundtable on Sustainable Palm Oil (RSPO)
• Focus on renewable and biodegradable plasticizer solutions
• Investment in green chemistry innovations to enhance bio-content and performance

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4️⃣ 7. Matrìca S.p.A. (Joint Venture between Versalis and Novamont)

Headquarters: Porto Torres, Italy
Key Offering: Bio-based monomers and plasticizers from vegetable oils

Matrìca is a pioneer in the European bio-plastics sector, specializing in the production of bio-based chemical intermediates, including plasticizers, derived from vegetable oils through advanced biorefinery processes. Its products are integral to creating high-performance, compostable, and bio-based plastics for various applications.

Sustainability Initiatives:

• Integrated biorefinery model utilizing non-food biomass
• Development of fully integrated supply chains for bio-based products
• Strong emphasis on the circular bio-economy and reducing dependency on fossil fuels

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3️⃣ 8. PolyOne Corporation (Now Avient Corporation)

Headquarters: Avon Lake, Ohio, USA
Key Offering: ReSound™ BIO (bio-based plasticizers), specialized polymer formulations

Now part of Avient, PolyOne was a leading provider of specialized polymer materials, including its ReSound™ BIO line of renewable-based plasticizers. These products offer a sustainable alternative for a variety of flexible PVC applications, combining performance with a reduced carbon footprint and are designed to meet stringent regulatory requirements globally.

Sustainability Initiatives:

• Avient’s 2025 Sustainability Goals include broadening sustainable solutions portfolio
• Focus on designing products for recyclability and incorporating bio-based content
• Commitment to achieving 100% renewable electricity in Europe and North America

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2️⃣ 9. OXEA GmbH (A Subsidiary of Oman Oil Company)

Headquarters: Monheim am Rhein, Germany
Key Offering: Oxsoft® plasticizers, including bio-attributed options

OXEA is a global manufacturer of oxo intermediates and derivatives, offering a range of high-quality plasticizers. The company is actively developing and commercializing bio-attributed plasticizers, produced from renewable raw materials via a mass balance approach, providing customers with drop-in sustainable solutions without compromising on performance.

Sustainability Initiatives:

• Implementation of mass balance approach for bio-attributed products (ISCC PLUS certification)
• Reduction of greenhouse gas emissions across the production value chain
• Development of next-generation oxo products with improved sustainability profiles

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1️⃣ 10. Jungbunzlauer Suisse AG

Headquarters: Basel, Switzerland
Key Offering: Citrofol® and Citroflex® (citrate esters) bio-plasticizers

Jungbunzlauer is a world-leading producer of biodegradable citrate-based plasticizers, derived from renewable, natural raw materials. Their Citrofol and Citroflex products are non-toxic, FDA-approved for food contact applications, and are widely used in toys, medical devices, food packaging, and personal care products as safe alternatives to phthalates.

Sustainability Initiatives:

• Production based on 100% renewable, natural raw materials (corn and wheat)
• Focus on biodegradable and non-toxic product formulations
• Comprehensive life cycle assessments to minimize environmental impact

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🌿 Outlook: The Future of Bio Plasticizers Is Green and High-Performance

The bio plasticizers market is undergoing a significant transformation, driven by regulatory pressure, consumer awareness, and corporate sustainability goals. While conventional plasticizers still hold a substantial market share, the shift toward bio-based alternatives is accelerating, with investments pouring into R&D for next-generation solutions.

📈 Key Trends Shaping the Market:

• Strengthening global regulations banning phthalates in consumer products
• Growing demand for non-toxic materials in food packaging, medical devices, and children’s toys
• Advancements in biorefinery technologies lowering the cost of bio-based feedstocks
• Increased product innovation focusing on performance parity with conventional plasticizers

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Bio Plasticizers Market – View in Detailed Research Report

The companies profiled above are not just supplying chemicals—they are engineering the sustainable and safer materials that will define the future of flexible polymers.