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Emerging Opportunities in Eco-Friendly Plasticizers Market with Current Trends Analysis

07-03-2017 02:29 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Emerging Opportunities in Eco-Friendly Plasticizers Market

In early times, dioctyl phthalate (DOP) was used as an ingredient in the manufacturing of plasticizers. Owing to the rising concerns over these plasticizers due to their potential migration out of PVC compounds and release into the human body or environment, manufacturers moved towards environment-friendly plasticizers, which use ingredients such as di-isononyl phthalate (DINP), dipropyl heptyl phthalate (DPHP), and dioctyl phthalate (DOP). The major trend is to shift toward less migratory phthalates and high molecular weight.

Eco-friendly plasticizers are organic esters, which can be compounded into polymers to improve flexibility and toughness of the end product using internal modification of polymer morphology, and also to facilitate processing. They are typically inactive materials with high boiling points and low vapour pressure. Commercially, the flexible polyvinylchloride (PVC) application accounts for more than 3/4th of plasticizer consumption.

With advanced technological innovations, raw materials utilized in the construction industry have improved. Growing urbanization has set the pace in the construction industry, hence the market for eco-friendly plasticizers has also experienced a steady shift.

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Global Eco-friendly Plasticizers Market: Segmentation

The global eco-friendly plasticizers market can be segmented on the basis of raw materials and applications.

Based on raw materials, the global eco-friendly plasticizers market can be segmented into:

Di-isononyl phthalate (DINP)
Dipropyl heptyl phthalate (DPHP)
Dioctyl terephthalate (DOTP)

Based on applications, the global eco-friendly plasticizers market can be segmented into:

Flexible polyvinylchloride (PVC)
Others

Global Eco-friendly Plasticizers Market: Dynamics

Rising need for residential buildings to provide accommodation for ever increasing population is a matter of concern for any country’s construction industry. Amidst the escalating demand for plasticizers, there’s an increasing awareness towards the utilization of eco-friendly plasticizers which could eliminate the risk of harmful chemicals. Eco-friendly plasticizers are utilized in the construction sector to improve the fluidity and plasticity of concrete. Moreover, these plasticizers are utilized to reduce water content from slump. The aforementioned reasons are expected to propel the demand for eco-friendly plasticizers and thus, in turn drive the global eco-friendly plasticizers market.

On the other hand, the production cost of eco-friendly plasticizers is high as compared to that of traditionally used plasticizers, owing to increase in the scarcity of feedstock isononanol (INA), which is used in the manufacturing of di-isononyl phthalate (DINP). This is one of the major challenges faced by the manufacturers of eco-friendly plasticizers and thus, is restricting growth of the global eco-friendly plasticizers market.

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Owing to the tough environmental requirements for plasticizers and their wide usage in the rubber manufacturing industry, eco-friendly plasticizers can be used in tyre blends that are obtained by propane deasphalting of solvent extracts.

A key trend identified in the global eco-friendly plasticizers market is the inclination of manufacturers towards eco-friendly plasticizers in the place of traditional plasticizers. Owing to the reason that the utilization of phthalate based plasticizers is either restricted or banned in some applications.

Global Eco-friendly Plasticizers Market: Region-Wise Outlook

On the basis of geography, the global eco-friendly plasticizers market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and, Middle East and Africa (MEA).Asia-Pacific is expected to hold the major market share in terms of value as well as volume. The global eco-friendly plasticizers market is expected to register substantial growth in India and China during the forecast period, owing to established end-use industries and rising demand in the construction sector. The demand for the eco-friendly plasticizers in APAC is expected to grow at a significant CAGR over the forecast period.

Global Eco-friendly Plasticizers Market: Market Participants

Examples of some of the market participants in the eco-friendly plasticizersmarket identified across the value chain include BASF SE, REMEI Blomberg GmbH & Co. KG, Zhejiang Jiaao Enprotech Stock Co., Ltd., Eastman Chemical Company, Innua, EEGGTT Chemical, etc.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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