Global Non-phthalate plasticizers market

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Global Non-phthalate plasticizers market was valued at USD 2.92 Bn in 2019 and is expected to reach USD 4.38 Bn by 2027 at a CAGR of 5.2% over the forecast period 2020-2027.

Global Non-phthalate plasticizers Market

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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Non-phthalate plasticizers market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Non-phthalate plasticizers market Dynamics;

Non-phthalate Plasticizers are various additive chemical products such as Epoxies, Adipates, Trimellitates, and Benzoates. These additives are added to polymers to decrease the hardness and brittleness of plastic. The use of Non-phthalate plasticizers is increasing in various applications as the awareness about environmental benefits and safety of plasticizers is increasing. The Non-phthalate plasticizers provides flexibility and softness and improves the toughness of the material. Polyvinyl chloride is majorly used as a Non- phthalate plasticizer in various end-user industries. Various factors such as strict regulations on the use of phthalate plasticizers, growing demand for Non- phthalate plasticizers from construction industry, increasing research & development on bio-based Non -phthalate plasticizers and growing demand from emerging economies such as China, India, South Asia, Brazil, and ASEAN are driving the market growth over the forecast period.

However, factors such as fluctuations in raw material prices, lack of universal enforcement directives pertaining to applications of Non- phthalate plasticizers, less adoption and lack of awareness in many underdeveloped countries and availability of substitute products are restraining the market growth over the forecast period.

Global Non-phthalate plasticizers market is segmented by type, by application, and by Region. By type, Adipates held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to their increasing use in consumer products. Adipates are liquid and light colored plasticizers. They are used in various electrical and electronics products as they possess favourable electrical properties. Adipates type is followed by Trimellitates non-phthalate plasticizer and Epoxies segments. Trimellitates non-phthalate plasticizer is expected to hold xx% of market share over the forecast period. Trimellitates non-phthalate plasticizers are used in electrical cable, various circuits, insulation material as they possess various favourable properties such as low volatility, low migration rate, good compatibility with PVC and high temperature resistance. By application, flooring & wall coverings application segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Non non-phthalate plasticizers offers various benefits in flooring & wall coverings applications such as they are readily soluble in PVC, they offer low density and cost advantage over other substitutes.

By region, APAC held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing rise in demand for Non Non-phthalate plasticizers across a number of industrial, residential, and commercial applications. Factors such as stringent environmental regulations on phthalate plasticizers, rapidly expanding construction industries, developing end user industries, growing standard of living and disposable incomes, increasing urbanisation and growing presence of major players in China and India are driving the market growth in this region. China is leading the APAC Non non-phthalate plasticizers market over the forecast period. APAC is followed by North America and Europe. North America is expected to hold xx% of market share over the forecast period owing to increasing government regulations banning the use of conventional plasticizers that are toxic. In North America, the traditional phthalate plasticizers is centered on allegations that some of them are human endocrine disruptors or probable human carcinogens. Regulatory actions that have been taken by United States government are creating lucrative opportunities for Non -phthalate plasticizers market in this region.

Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patent to increase their regional presence and business operations. Eastman Chemical Company (US) is emerging as a major market player in Global Non-phthalate plasticizers market. Eastman Chemical Company (US) is offering various Non-phthalate plasticizers such as Eastman 168 non-phthalate plasticizers, Eastman 168 SG non-phthalate plasticizers and Eastman VersaMax plus non-phthalate plasticizers.

The objective of the report is to present a comprehensive analysis of the Global Non-phthalate plasticizers market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Hydrazine Market dynamics, structure by analyzing the market segments and project Global Non-phthalate plasticizers market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Non-phthalate plasticizers market make the report investor’s guide.

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Global Non-phthalate plasticizers market ,by Type

• Adipates
• Trimellitates
• Benzoates
• Epoxies
• Others
Global Non-phthalate plasticizers market, by Application

• Flooring & wall coverings
• Wires & cables
• Films & sheets
• Coated fabrics
• Consumer goods
• Others
Global Non-phthalate plasticizers market, by Region

• APAC
• Europe
• North America
• Middle East & Africa
• South America
Global Non-phthalate plasticizers market major Players

• BASF (Germany)
• Eastman Chemical Company (US)
• ExxonMobil (US)
• Evonik Industries (Germany)
• DIC Corporation (Japan)
• Perstorp (Sweden)
• Lanxess AG (Germany)
• KLJ Group (India)
• Polynt (Italy)
• Mitsubishi Chemical Corporation (Japan)
• Emerald Performance Materials, LLC
• Jiangsu Zhengdan Chemical Industry Co., Ltd,
• KAO Corporation
• Myriant Corporation
• Polyone Corporation
• Vertellus Holdings LLC

 

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