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Non-phthalate plasticizers What are the Current Demand and Supply of Non-phthalate plasticizers Market? | Detailed Analysis and Forecast till 2031 by Fact.MR
Non-phthalate plasticizers Market Study Provides Latest Intelligence on Growth in 2021 and BeyondGlobal Non-phthalate plasticizers supply-demand continues to be impacted by broader developments in the chemicals sector. The new Non-phthalate plasticizers market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2021-2031).
The study tracks Non-phthalate plasticizers demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Non-phthalate plasticizers in particular.
How will Non-phthalate plasticizers Sales Grow in 2021 and Beyond
The Non-phthalate plasticizers industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Non-phthalate plasticizers will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Non-Phthalate Plasticizers Market: Dynamics
Owing to the driving factors such as product innovation with improved characteristics and toxicology profiles, the global demand for non-phthalate plasticizers is expected to rise during the forecast period.
In addition to this, regulatory restriction on use of phthalate plasticizers by public bodies open the road for the growth of the non-phthalate plasticizers market.
In emerging economies, the fast-growing construction and electronic industry are likely to provide lucrative opportunities in the predicted timeframe for key players in the non-phthalate plasticizers market. Furthermore, the widespread use of non-phthalate plasticizers in wall coverings and floors contributes considerably to the increased growth of the global non-phthalate plasticizer industry.
However, the forecast period is poised to be limited by such factors as volatility in the prices of the raw materials used in manufacturing non-phthalate plasticizers, lack of uniform enforcing directives for non-phthalate plasticizer applications, lower acceptance and lack of product awareness.
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Non-phthalate plasticizers companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
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The Non-Phthalate Plasticizers Market Regional Analysis Includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
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