Non-phthalate Plasticizers Market

Non-phthalate Plasticizers Market - An Overview

The global non-phthalate plasticizers market is anticipated to witness moderate growth during the forecast period between 2021 and 2031.

Non-phthalate plasticizers are primarily obtained from adipic acid. They are sometimes derived from benzoic acid, too.

These products have witnessed an increase in demand in the last few years owing to features such as durability, flexibility, and plasticity as well as offered lowered environmental impact.

Non-phthalate plasticizers are also weather-resistant and can sustain extreme temperatures.

Some of the application areas of non-phthalate plasticizers include food contact, toys, and medical.

Non-phthalate plasticizers have also been deployed in the automotive industry since they help to reduce the weight of vehicle parts, considerably. This aspect to them is expected to fuel product demand, in the coming years.

Plasticizers are added to polymers to soften hard plastics and improve the flexibility of soft materials. These products also enhance the toughness of the material.

Non-phthalate Plasticizers Market - Trends and Opportunities

Rising building and construction activities globally is the key growth driver for the non-phthalate plasticizers market.

Innovations to existing products are expected to propel the demand for non-phthalate plasticizers in the years ahead.

Also, government rules and regulations imposed to curb the deployment of conventional plasticizers are expected to fuel the growth in the non-phthalate plasticizers market, in future.

Rising demand for polyvinyl chloride products in various residential and commercial applications is anticipated to bolster the non-phthalate plasticizers demand.

The adipates esters type of non-phthalate plasticizers is expected to make the largest contribution to the overall market in future owing to features such as high performance.

The building and construction end-use industry is anticipated to contribute the most to the global market in the years ahead owing to increased investments in developing green buildings, in leading countries worldwide.

Non-phthalate Plasticizers Market - Competitive Landscape

The global non-phthalate plasticizers market comprises several well-established players, many of whom are expected to account for a large share in the overall market, in the years ahead.

Growth strategies such as new product launches could help well-established players gain a competitive edge, over the other market players, in the coming years.

Collaborations with the smaller players in the non-phthalate plasticizers market are anticipated to help leading players expand the market presence and increase their consumer base.

Some of the prominent players in the global market include Emerald Performance Materials, LG Chem, Harman Corporation, Emerlad Chemical Company, and Evonik Industries AG.

In 2019, Emerald Chemical Company launched Kalama Vitroflex A99 and Vitroflex 90, with the objective to offer formulators that are eco-friendly and have high efficiency.

Non-phthalate Plasticizers Market - Regional Assessment

The global non-phthalate market is classified into four regions, namely, North America, Asia Pacific, Europe, and rest of the world.

Asia Pacific is expected to be the dominant region in the global market owing to substantial growth in the building and construction industries in countries such as India and Thailand.

Leading players could look to establish R&D centers in Asia Pacific owing to the ease of availability of key resources such as land and labor in countries such as India.

North America is expected to witness significant growth in the global non-phthalate plasticizers market due to increased demand for monomeric polymers in the medical industry in countries such as US and Mexico.

Europe is anticipated to witness substantial growth in the non-phthalate plasticizers market due to the rising demand for monomeric products in the building industry in countries such as Germany and UK.

The rest of the world is anticipated to witness moderate growth in the non-phthalate plasticizers market, in the upcoming years owing to the lack of well-established players in the countries, in both regions.