India Phthalates and Non Phthalates Market is said to grow with a CAGR of 7.2% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.
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The India phthalates and non phthalates market is a highly consolidated market, which includes a specific number of key players and local players. The market has witnessed increased strategic developments owing to a favorable market scenario. The major players operating in the market are enhancing their product offerings through new collaborations and partnerships with various stakeholders.
For instance,
- In April 2021, BASF launched biomass-balanced (BMB) plasticizers based on renewable raw materials under Hexamoll DINCH BMB, Palatinol N BMB, Palatinol 10-P BMB, and Plastomoll DOA BMB. With Hexamoll DINCH CcycledTM, BASF launched its trusted non-phthalate plasticizer based on chemically recycled feedstock.
- In February 2021, KLJ Group announced that it would start a new 100,000 tonne/year phthalic anhydride (PA) capacity at Jhagadia in Gujarat by 2023. The facility would also produce 7,100 tonnes/year of maleic anhydride (MA) and 480,000 tonnes/year of other plasticizers. It will be easier for the company to produce phthalate plasticizers at the new complex as it will be an integrated facility.
KLJ Group is the dominating player in India phthalates and non phthalates market. Some other key players in the market include BASF SE, MITSUBISHI CHEMICAL CORPORATION, Aarti Industries ltd., DIC CORPORATION, ABC Chemical, Nishant Organics Pvt. Ltd., Payal Group, and Supreme Plasticizers, among others.
KLJ Group
KLJ Group was founded in 1967 and is headquartered in New Delhi, India. It has private ownership. The company focuses on the manufacturing of plasticizers & polymer compounds for various applications. The company offers a wide range of product categories, such as plasticizers, polymer compounds, petrochemical trading, and real estate development, out of which plasticizers is the market-focused category.
- In February 2021, KLJ Group announced that it would start a new 100,000 tonne/year phthalic anhydride (PA) capacity at Jhagadia in Gujarat by 2023. The facility would also produce 7,100 tonnes/year of maleic anhydride (MA) and 480,000 tonnes/year of other plasticizers. It will be easier for the company to produce phthalate plasticizers at the new complex as it will be an integrated facility.
The company has a presence across India. It holds various certifications, such as ISO 9001:2015 and ISO 14001:2015.
BASF SE
BASF SE was founded in 1865 and is headquartered in Ludwigshafen, Germany. It has public ownership. The company focuses on being the world’s leading chemical company by providing solutions for chemicals and materials to industries, surface technologies, nutrition & care, and agriculture. The company operates in seven business segments which are chemicals, materials, surface technologies, nutrition & care, industrial solutions, agricultural solutions, and others, out of which chemicals is the market-focused segment. The company offers a wide range of product categories such as agriculture, architecture paints & coatings, automotive & transportation, chemicals, construction, dispersions and resins, electronics & electric, energy & resources, furniture & wood, home care, I & I cleaning, nutrition, packaging & print, paper coatings & carpet, personal care & hygiene, pharmaceuticals, plastics & rubber, textile, and leather & footwear, out of which chemicals is the market-focused category.
- In April 2021, BASF launched biomass-balanced (BMB) plasticizers based on renewable raw materials under Hexamoll DINCH BMB, Palatinol N BMB, Palatinol 10-P BMB, and Plastomoll DOA BMB. With Hexamoll DINCH CcycledTM, BASF launched its trusted non-phthalate plasticizer based on chemically recycled feedstock.
The company has a wide global presence across North America, South America, Europe, Asia-Pacific, and Middle East and Africa with its various subsidiaries such as Wintershall (Germany), BASF Coatings GmbH (Germany), Nunhems B.V. (Netherland), Chemetall GmbH (Germany), Cognis (Germany), among others. It holds various certifications, such as ISO 9001: 2015 and EXCiPACT Certification.
MITSUBISHI CHEMICAL CORPORATION
MITSUBISHI CHEMICAL CORPORATION was founded in 1933 and is headquartered in Tokyo, Japan. It has public ownership. The company focuses on manufacturing products for various applications such as chemicals, industrial gases, pharmaceuticals and regenerative medicines, and other industries. The company operates in four business segments which are performance products, chemicals, industrial gases, and health care, out of which performance products and chemicals are the market-focused segments. The company offers a wide range of product categories such as chemicals, film & sheet/molding/composite, information/electronics/display/battery, fibers &textiles, agriculture/food/materials/healthcare, polymers/resins / high-performance chemicals, carbon/carbon fibers & composite materials, inorganic products, environment & living solutions, service / IT/analysis, out of which chemicals and polymers/resins/high-performance chemicals are the market-focused categories.
- In January 2021, Mitsubishi Chemical Corporation decided to launch a new group company, MCC Sports Co., Ltd. (MCCS), on April 1, 2021, to enhance its sports-related business and raise the value of the MCC Group brand. By launching MCCS, the Mitsubishi Chemical Corporation will strengthen its capability to propose sports equipment products and implement systems for responding to a wide range of customer needs.
The company has a wide global presence across Asia Pacific, Europe, Middle East and Africa, North America, and South America with its various subsidiaries such as Mitsubishi Chemical Corporation (Japan); Mitsubishi Tanabe Pharma (Japan); Mitsubishi Rayon (Japan); Nippon Sanso Holdings Corporation (Japan) and Life Science Institute, Inc. (U.S.), among others. It holds various certifications such as ISO 9001; ISO 14001, and ISO 13485.
