Press release
Non-phthalate Plasticizer Market 2023: Grupa Azoty, NAN YA PLASTICS CORPORATION, BASF SE, Valtris Specialty Chemicals, LG Chem Ltd., Eastman Chemical Company, DIC CORPORATION, Evonik Industries AG, Velsicol Chemical LLC, LANXESS AG
Non-phthalate Plasticizer Market Research Report – Forecast to 2023
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The rising awareness of environmental protection has propelled the demand for sustainable additives by various nations globally. Non-phthalate plasticizers are chemicals derived from esters of benzoic or adipic acid. They are used to accord properties of plasticity, flexibility, and durability to substrates while minimizing its ecological impact. The global non-phthalate plasticizer market size is anticipated to touch USD 3,412.2 million by 2023, as per an in-depth report by Market Research Future (MRFR).
It is predicted to experience a 6.91% CAGR during the assessment period (2018-2023) owing to pressing demand for plasticizers amid stringent health regulations and policies. The inclination of the automotive industry to comply with said regulations and replace conventional plasticizers can provide growth opportunities to the market. The automotive industry can benefit from non-phthalate plasticizers by reducing vehicle weight and reduced use of energy.
Report Overview
This report covers current events and trends in the market for non-phthalate plasticizers to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly accurate projections. MRFR’s report includes a thorough analysis of the global non-phthalate plasticizer market segmented on the basis of type, application, end-user, and region with astute insights. The report has been prepared to assist industry players in making the right decisions which can culminate in fruitful returns. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.
Segment Overview
By type, the non-phthalate plasticizer market comprises adipates, benzoates, trimellitates, epoxies, terephthalates, citrates, and others. The adipates segment can touch a valuation of USD 1,050.9 million by 2023, while the trimellitates segment is likely to experience robust growth during the forecast period. Applications of plasticizers in flooring & wall coverings, film & sheets, wire & cable, toys & childcare article, coated fabrics, and others have been discussed in detail in the report.
Building & construction, automotive, food & beverage, healthcare, consumer goods, sports & leisure among others constitute as major market end-users. The building & construction segment is touted to be the biggest end-user of these additives owing to high demand for carpets, flooring, and vinyl tiles.
The segments and sub-segments covered in the report are analyzed under five major regions – North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with respective country-level market sizing. The standard definition of “non-phthalate plasticizer” is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment.
Players Covered
Grupa Azoty, NAN YA PLASTICS CORPORATION, BASF SE, Valtris Specialty Chemicals, LG Chem Ltd., Eastman Chemical Company, DIC CORPORATION, Evonik Industries AG, Velsicol Chemical LLC, LANXESS AG, and others are reputed players currently operational in the non-phthalate plasticizer market. Players are investing in facilities to expand their supply chain. Alliances and partnerships in tier-1 and tier-2 cities to attain a larger share of the market are some of the strategies employed by these players.
The report offers comprehensive profiles on these market players and assesses their current standing in the non-phthalate plasticizer market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.
Research Methodology
Market Research Future (MRFR) employ a selective body of methods which assist in a scientific and systematic approach to research of the given field of study. Primary methods such as interviews with decision makers of leading competitors in the market have been used along with secondary methods to provide a comprehensive view of the market scenario. Credible sources such as white papers, annual reports, and SEC filings have been used as a part of objective secondary research methods. Top-down and bottom-up approaches have been applied to the field of study to provide accurate estimation and validation of the market. Inquisitive and proficient data analysts exhaust every line of research based on pertinent parameters to offer intelligent inputs and a dependable understanding of the market in its entirety.
Analysis Period
Base Year - 2017
Projection Period - From 2018 to 2023
Market Denomination - USD Million
Volume Unit – Thousand Tons
Conversion Rate - Considered as per the respective financial years
For the scope of research, the report offers a comprehensive analysis of the global non-phthalate plasticizer market.
Type
Citrate
Epoxies
Benzoates
Trimellitates
Terephthalates
Adipates
Others
Application
Toys & childcare articles
Flooring & Wall Covering
Wire and Cable
Film and Sheet
Adhesive, Sealants, and Caulks
Coated Fabrics
Others
End-use Industry
Food & Beverage
Automotive
Building & Construction
Healthcare
Consumer Goods
Sports & Leisure
Others
Region
North America; the U.S. and Canada
Europe; Italy, Germany, the U.K., Russia, France, Spain, and Rest of Europe
Asia Pacific; India, Japan, China, South Korea, Australia. Indonesia, New Zealand, and Rest of Asia Pacific
Latin America; Brazil, Mexico, and Rest of Latin America
The Middle East & Africa (MEA); Gulf Cooperation Council (GCC), South Africa, and the Rest of MEA
Intended Audience
Suppliers and Distributors
Raw Material Suppliers
Potential Investors
Associations
End-Use Industries
Government
Non-Phthalate Plasticizer Manufacturers
Browse Full Report @ https://www.marketresearchfuture.com/reports/non-phthalate-plasticizer-market-6233
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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