Consumer product safety organizations in the European Union and North America have drafted a phthalate plasticizers rule that will check the demand for non-phthalate plasticizers. Adipic acid esters or benzoic esters are used to make non-phthalate plasticizers. Plasticizer consumption via PVC (polyvinyl chloride) plasticization accounts for more than 80% of overall consumption. PVC plasticizer, which has long controlled the market, is expected to face stiff competition from a slew of new non-phthalate plasticizers. Adipates and trimetallites are expected to be formidable competitors in the market for PVC plasticizer. Under the increasing pressure of viable alternatives in the Non-phthalate plasticizers sector, PVC is poised to lose momentum. Non-phthalate plasticizers are adaptable and have good electrical properties at a variety of temperatures. Non-phthalate plasticizers also outperform phthalate plasticizers in terms of weather and heat stability.
Data Bridge Market Research analyses that the Non-Phthalate Plasticizers Market is expected to grow at a CAGR of 8.7% in the forecast period of 2021 to 2028 and is expected to reach USD 7,587.82 million by 2028. The global market for non-phthalate plasticizers is expected to expand throughout the forecast period due to new advancements with enhanced features and toxicological profiles. Furthermore, increased regulatory pressure from government bodies and non-governmental groups to prohibit the use of phthalate plasticizers is fueling the demand for non-phthalate plasticizers.
Key Findings of the Study
- The non-phthalate plasticizers market is anticipated to reach a value of USD 7,587.82 million by 2028, with a CAGR of around 8.7% during the forecast period from 2021 to 2028.
- Asia Pacific dominated the non-phthalate plasticizers market in 2021 due to the rising demand for monomeric plasticizers in the PVC market within this region.
- North America is expected to register lucrative growth over the forecast period of 2021 to 2028 owing to the rising demand for monomeric polymers in the medical industry in countries such as Mexico and US
- The monomeric plasticizers segment accounted for the largest share in 2021 at 74.95%. The rising demand for lightweight and flexible polymer products is expected to boost the non-phthalate plasticizers market growth.
- The non-phthalate plasticizers market was adversely affected by COVID-19 outbreak. The global regulations governing people's movement have caused disruptions in practically every end-use industry.
Rising number of government regulations is expected to drive the market's growth rate
The market's rise might be ascribed to severe controls on phthalate plasticizers, which are banned due to the negative environmental repercussions of their use. The use of ordinary harmful plasticizers is prohibited by government restrictions, which is a key market driver. Traditional plasticizers are said to be hazardous, thus, there was a high need for non-phthalate plasticizers.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2018 - 2013)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Monomeric Plasticizers, Polymeric Plasticizers), PVC Compatibility (Primary (High Solvation) and Secondary (Low Solvation)), Application (Flooring and Wall Coverings, Wire & Cable, Films & Sheets, Coated Fabrics, Adhesive and Sealants and Others), End-User (Building & Construction, Automotive, Consumer Goods, Sports & Leisure, Healthcare, Electrical and Electronics, Food & Beverages and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan, rest of Asia-Pacific, UAE, Saudi Arabia, Egypt, Israel, South Africa, rest of the Middle East and Africa.
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Market Players Covered
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BASF SE (Germany), Avient Corporation (US), LANXESS (Germany), Emerald Performance Materials (US), NAN YA PLASTICS CORPORATION (Taiwan), Harman Corporation(US), Evonik Industries AG (Germany), Eastman Chemical Company (US), DIC CORPORATION (Japan), Kao Corporation (Japan), LG Chem (South Korea), Perstorp (Sweden), UPC Technology Corporation (Taiwan), ZHEJIANGJIAAO ENPROTECH STOCK CO.,LTD (China), Kaifeng Jiuhong Chemical Co., Ltd. (China), Henan GO Biotech Co.,Ltd. (China), Valtris Specialty Chemicals (US), Velsicol Chemical LLC (US), Ferro Corporation (US), Mitsubishi Chemical Corporation (Japan)
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Data Pointers Covered in Report
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The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Segment Analysis:
The non-phthalate plasticizers market is segmented on the basis of product type, PVC compatibility, application and end-user.
- On the basis of type, the non-phthalate plasticizers market is segmented into monomeric plasticizers and polymeric plasticizers. In 2021, the monomeric plasticizers dominate the market with 74.95% market share due to rising demand for light weight and flexible polymer products.
In 2021, the monomeric plasticizers segment is projected to hold the largest share of distribution channel segment in the non-phthalate plasticizers market
In 2021, the monomeric plasticizers segment is anticipated to hold the largest share of global non-phthalate plasticizers market due to the surging demand for light weight and flexible polymer products. The monomeric plasticizers segment is growing with a CAGR of 8.8% in the forecast period of 2021 to 2028.
- On the basis of PVC compatibility, the non-phthalate plasticizers market is segmented into primary (high solvation) and secondary (low solvation). In 2021, primary (high solvation) is dominating the market with 74.79% market share as primary (high solvation) products ensure the wire protection in the electronic industry, increasing its demand in the region.
In 2021, the primary (high solvation) segment of application segment is anticipated to dominate the non-phthalate plasticizers market
In 2021, this market's primary (high solvation) segment will dominate the non-phthalate plasticizers market because primary (high solvation) products ensure the wire protection in the electronic industry, which increases its demand in the region. The primary (high solvation) segment is expected reach the highest CAGR of 8.8% in the forecast period of 2021-2028.
- On the basis of application, the non-phthalate plasticizers market is segmented into flooring and wall coverings, wire and cable, films and sheets, coated fabrics, adhesive and sealants and others. In 2021, flooring and wall coverings segment is dominating the market with 35.83% market share as people have more purchasing power and inviting more in the interior decoration of homes and commercial building which makes flooring and wall coverings dominate in the region.
- On the basis of end-user, the non-phthalate plasticizers market is segmented into building and construction, automotive, consumer goods, sports & leisure, healthcare, electrical and electronics, food and beverages and others. In 2021, the building and construction segment is dominating in the market with 28.51% market share as government is investing money in new green building projects, increasing the demand for the non-phthalate products in the building and construction industry.
Major Players
Data Bridge Market Research recognizes the following companies as the major non-phthalate plasticizers market players in non-phthalate plasticizers market are Valtris Specialty Chemicals (US), Velsicol Chemical LLC (US), and Emerald Performance Materials (US).
Market Development
- In November 2021, BASF Japan Ltd. (BASF) and Pentel Co., Ltd. (Pentel) had collaborated to announce the launch of erasers produced from non-phthalate plasticizer. Pentel has been named one of BASF's Hexamoll® DINCH Trusted Partners in the Asia Pacific area as a result of this collaboration. A brand agreement has been formed between the two companies. Ingredient branding on the eraser package is one of the brand activities. PVC erasers made with Hexamoll® DINCH are available in every country where Pentel does business.
Regional Analysis
Geographically, the countries covered in the non-phthalate plasticizers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in non-phthalate plasticizers market during the forecast period 2021 - 2028
The Asia-Pacific region dominates the non-phthalate plasticizers market, owing to rising PVC production and consumption in China. Asia-Pacific will continue to dominate the non-phthalate plasticizers market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rising demand for monomeric plasticizers in PVC market. Due to the ease of producing plastic items, China is leading the growth of the Asia-Pacific market. Due to the easy availability of essential resources such as land and labour in developing countries, leading players may choose to create R&D facilities in Asia Pacific.
North America is estimated to be the fastest growing region in non-phthalate plasticizers market the forecast period 2021 - 2028
North America is expected to grow during the forecast period due to the rising demand for monomeric polymers in the medical industry in Mexico and the US. U.S. region of North America dominates the non-phthalate plasticizers market.
COVID-19 Impact Analysis
The quick rise in COVID-19 cases triggered a pandemic, which had a negative impact on cosmetics industry trends and categories. The COVID-19 outbreak has compelled countries to enact global lockdowns in an attempt to flatten the global active cases curve. Furthermore, global regulations governing people's movement have caused disruptions in practically every end-use industry.
Market participants might focus on research and development activities and address the issues of acquiring a competitive advantage in the supply chain. From an industrial standpoint, the production stoppages induced by the pandemic would have put a huge strain on operating expenses. Furthermore, plant closures in Europe, Asia, and North America in the second quarter of 2020, along with lower consumer demand for novel products, result in lower manufacturing output.
For More Detailed Information about the Non-Phthalate Plasticizers Market Report, Click Here –https://www.databridgemarketresearch.com/ar/reports/global-non-phthalate-plasticizers-market
