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:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 3.31 Bn |
|
Revenue forecast in 2031 |
USD 4.94 Bn |
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Growth rate CAGR |
CAGR of 4.73 % from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, Volume (Kiloton) and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type And Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
BASF SE, Eastman Chemical Company, ExxonMobil, Evonik Industries, DIC Corporation, Perstop Lanxess AG, KLG Group, Polynt, and Mitsuibishi Chemical Corporation |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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