Eco-Friendly Plasticizer Market is expected to grow at a CAGR of 6.1% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Eco-Friendly Plasticizer Market size was valued at USD 4.2 billion in 2023 growing at a CAGR of 6.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Eco-Friendly Plasticizer Market size accounted for USD 4.2 Billion in 2023, growing at a CAGR of 6.1% from 2023 to 2033. Eco-friendly plasticizers are substances added to polymers to improve their flexibility, durability, and processing characteristics. These plasticizers are considered environmentally friendly because they are derived from renewable resources or have minimal impact on the environment compared to traditional plasticizers. They are commonly used in the production of various plastic products, including films, cables, and medical devices, as an alternative to conventional plasticizers that may pose environmental and health concerns.

Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=openpr.com&reportCode=021775

Increasing awareness of environmental issues and stringent regulations on the use of traditional plasticizers, particularly those containing phthalates, has led to a growing demand for eco-friendly alternatives. The potential health risks associated with some conventional plasticizers, such as endocrine-disrupting properties, have raised concerns among consumers and manufacturers. This has fueled the demand for safer and more sustainable alternatives. Growing awareness among consumers about the environmental impact of plastic products and a preference for sustainable and eco-friendly options have contributed to the demand for plasticizers derived from renewable sources. Many companies are adopting sustainability initiatives to reduce their carbon footprint and promote environmentally friendly practices. This includes the use of eco-friendly plasticizers in their manufacturing processes.

Key Players
Some of the major Eco-Friendly Plasticizer Market players holding high market shares include BASF SE, Arkema S.A, Perstorp Holding, and Dow Co. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include LG Chemical, Lanxess AG, Evonik Industries AG, Eastman, Ineos Group, UPC GROUP

For More Information: https://report.evolvebi.com/index.php/sample/request?referer=openpr.com&reportCode=021775

Segmental Analysis
Based on product, the Eco-Friendly Plasticizer market is segmented into Di-isononyl Phthalate (DINP), Dipropyl Heptyl Phthalate (DPHP), Dioctyl Terephthalate (DOTP), and Others. The largest segment in the Eco-Friendly Plasticizer market is Di-isononyl Phthalate (DINP), followed by Dipropyl Heptyl Phthalate (DPHP) and Dioctyl Terephthalate (DOTP). This is because DINP is a versatile plasticizer that is compatible with a wide range of plastics, including PVC, PE, PP, and PS. It is also relatively inexpensive and non-toxic, making it a popular choice for a variety of applications.
Based on Application, the Eco-Friendly Plasticizer market is a Plastics, Adhesive, Resin, Medical Devices, and Others. The largest segment in the Eco-Friendly Plasticizer market is Plastics, followed by Adhesives, Resin, Medical Devices, and Others. This is because plastics are the most widely used type of plasticizer, and they are used in a variety of applications, including packaging, construction, and consumer goods.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

This release was published on openPR.