Non-Phthalate Plasticizers Market Size, Share & Trends Analysis Report By Type (Adipates, Trimellitates, Benzoates, Epoxies, and Others), Application (Flooring & Wall Coverings, Wires & Cables, Films & Sheets, Coated Fabrics, Consumer Goods), By Region, And Segment Forecasts, 2023-2031

The Global Non-Phthalate Plasticizers Market Size is valued at 3.31 billion in 2022 and is predicted to reach 4.94 billion by the year 2031 at a 4.73% CAGR during the forecast period for 2023-2031.

The global non-phthalate plasticizers market is expanding at an accelerated rate primarily due to the expanding construction and building sector and the widespread use of non-phthalate plasticizers in wall coverings and flooring. Also, the non-phthalate plasticizer is primarily required in delicate applications, such as medical, toys, food, and items that come into touch with people. These plasticizers are a safe substitute for traditional plasticizers, which are toxic and dangerous when they come into close contact with people. As a result, the need for non-phthalate plasticizers rises significantly, expanding the global market.

The government's laws prohibiting the use of traditional plasticizers have also contributed to the expansion of the market. The market will be driven in the future by rising demand for PVC products across various residential, industrial, and commercial applications.

Product improvements are made to provide items with better qualities so they can withstand higher temperatures and abrasion. Hence, the aforementioned factors are anticipated throughout the anticipated period to fuel the market for non-phthalate plasticizers. 

Competitive Landscape:

Leading Non-Phthalate Plasticizers Market Players are:

• Avient Corporation
• BASF SE
• DIC Corporation,
• Eastman Chemical Company
• Emerald Performance Materials
• Evonik Industries AG
• ExxonMobil,
• Ferro Corporation
• Harman Corporation
• Henan GO Biotech Co.,Ltd
• Kaifeng Jiuhong Chemical Co., Ltd.
• Kao Corporation
• KLG Group,
• LANXESS
• LG Chem
• Mitsubishi Chemical Corporation
• Nan Ya Plastics Corporation
• Perstop Lanxess AG,
• Perstorp
• Polynt,
• UPC Technology Corporation
• Valtris Specialty Chemicals
• Velsicol Chemical LLC
• Zhejiangjiaao Enprotech Stock Co., Ltd. 

Market Segmentation:

The Non-Phthalate Plasticizers market is segmented on the basis of type and application. The market is segmented as adipates, trimelletes, benzoates, and others based on type. By application, the market is segmented into flooring & wall coverings, wires & cables, films & sheets, coated fabrics, consumer goods, and others.

Based On Application, The Flooring & Wall Coverings Segment Is Accounted As A Significant Contributor In The Non-Phthalate Plasticizers Market

The flooring and wall coverings market segment is anticipated to develop rapidly over the projected period. These elements will likely lead to a significant increase in the use of non-phthalate plasticizers in the flooring and wall coverings market in the future years. Also, it is anticipated that the section for Film & Sheet will expand significantly over the projected time.

The Adipates Segment Witnessed Growth At A Rapid Rate

While the Trimellitates Esters category is anticipated to have the greatest CAGR during the estimated period, the Adipates segment still held a sizable market share. The characteristics provided, such as its high-temperature performance characteristics, can be related to the causes.

The North America Non-Phthalate Plasticizers Market Holds A Significant Revenue Share In The Region

Since PVC goods are being produced and consumed in more significant quantities in China, the Asia-Pacific dominates the non-phthalate plasticizers market. Due to the growing demand for monomeric plasticizers in the PVC market, the Asia-Pacific region is anticipated to develop at the fastest rate from 2021 to 2028. Due to the ease of producing plastic goods, China is driving the expansion of the Asia-Pacific market. Germany is leading in Europe as a result of the region's growing demand for monomeric plasticizers in construction products, while the United States is leading in North America as a result of the region's increasing demand for these materials in the medical sector.

Non-Phthalate Plasticizers Market Report Scope:

Segmentation of Non-Phthalate Plasticizers Market-

Non-Phthalate Plasticizers Market By Type-

• Adipates
• Trimellitates
• Benzoates
• Epoxies
• Others

Non-Phthalate Plasticizers Market By Application-

• Flooring & Wall Coverings
• Wires & Cables
• Films & Sheets
• Coated Fabrics
• Consumer Goods
• Others

Non-Phthalate Plasticizers Market By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa