Press release
Non-phthalate Plasticizers Market to reach USD 4.84 Bn by 2029, emerging at a CAGR of 5.2 percent and forecast 2023-2029
Non-phthalate Plasticizers Market
The Non-Phthalate Plasticizers market encompasses a wide array of additive chemical products, including Epoxies, Adipates, Trimellitates, and Benzoates, integrated into polymers to enhance their flexibility and durability. This market segment has been experiencing substantial growth driven by increasing awareness of environmental advantages and safety considerations associated with plasticizer use. Non-Phthalate Plasticizers are pivotal in offering pliability, softness, and enhanced toughness to materials, making them indispensable in various applications. The market scope extends across regions and industries, with a specific emphasis on the construction sector, consumer products, and electrical applications.
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Non-phthalate Plasticizers Market Research Methodology
In a comprehensive report on the Non-Phthalate Plasticizers market, researchers delve into various factors influencing the industry's growth trajectory. The report offers insights into market dynamics, drivers, restraints, regional trends, and more. The study employs a robust research methodology to provide accurate and valuable information to stakeholders.
What are Non-phthalate Plasticizers Market Dynamics:
The dynamic landscape of the Non-Phthalate Plasticizers market is fueled by a convergence of factors. Stricter regulations against conventional phthalate plasticizers have prompted a shift towards non-phthalate alternatives. The burgeoning demand for these alternatives from the construction industry and the ongoing research and development efforts in the realm of bio-based options amplify market growth. Emerging economies, such as China, India, South Asia, Brazil, and ASEAN countries, are emerging as significant drivers, contributing to the market's expansion. However, the market also grapples with challenges, including raw material price volatility, uneven adoption rates in underdeveloped regions, and the presence of substitute products.
Non-phthalate Plasticizers Market Regional Insights:
Asia-Pacific (APAC) dominates the Non-Phthalate Plasticizers market, holding the highest market share in 2022 and expected to maintain its leadership during the forecast period. The region's rapid industrialization, urbanization, expanding construction industry, and strict environmental regulations contribute to its market supremacy. Notably, China leads the APAC market due to its significant presence in the plasticizers industry. North America and Europe follow suit, with North America experiencing growth due to government actions against toxic conventional plasticizers.
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What is Non-phthalate Plasticizers Market Segmentation:
by Type
• Adipates
• Trimellitates
• Benzoates
• Epoxies
• Others
by Application
• Flooring & wall coverings
• Wires & cables
• Films & sheets
• Coated fabrics
• Consumer goods
• Others
The market for non-phthalate plasticizers is divided into types, applications, and geographical regions. Due to their expanding application in consumer items, adipates held the largest market share by type in 2022 and are anticipated to maintain their dominance over the projected period. Adipates are liquid plasticizers with a pale colour. Due to their advantageous electrical qualities, they are used in many electrical and electronic equipment.
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Who are Non-phthalate Plasticizers Market Key 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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The table of content for the Non-phthalate Plasticizers Market includes the:
1. Global Non-phthalate Plasticizers Market: Research Methodology
2.
Global Non-phthalate Plasticizers Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
1. Global Non-phthalate Plasticizers Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• MandA by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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