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Non-phthalate Plasticizer Market 2019 Global Industry Size, Share, Future Trends, Growth Factors, Historical Overview, Business Insights and Regional Forecast to 2023

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Non-phthalate Plasticizer Market 2019 Global Industry Size, Share, Future Trends, Growth Factors, Historical Overview, Business Insights and Regional Forecast to 2023

September 02
19:39 2019
Non-phthalate Plasticizer Market 2019 Global Industry Size, Share, Future Trends, Growth Factors, Historical Overview, Business Insights and Regional Forecast to 2023

“Non-phthalate Plasticizer Market Research Report – Forecast to 2023”
Non-phthalate Plasticizer Market is expected to witness a robust growth with an astounding CAGR of 6.91% during the forecast period (2018-2023), proclaims Market Research Future (MRFR). It is anticipating a market valuation of USD 3,412.2 million owing to growing concern regarding phthalate plasticizer for its adverse ecological impact.

According to the latest report by Market Research Future (MRFR), the global non-phthalate plasticizer market is predicted to reach USD 3,412.2 million by 2023, at a CAGR of 6.91% during the forecast period (2018-2023). The market size has expanded in the past few years on account of implementation of stringent regulations pertaining to the use of phthalate plasticizers, with conventional plasticizers being reported to be carcinogenic in nature. Moreover, growing demand for diverse applications gives way to market growth as they are used for sensitive applications which involve food contact, medical, and toys. The growing demand for polyvinyl chloride (PVC) products in number of industrial, residential, and commercial applications has triggered the growth of non-phthalate plasticizers market.

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On the flip side, the high cost of non-phthalate plasticizers as compared to the traditional plasticizers could potentially undermine the market growth in the coming years. While the presence of restraints cannot be sidelined, nevertheless market prospects for the market look promising. The market is witnessing a dramatic rise on account of growing construction and electronics industry in developing nations coupled with the emergence of bio-based plasticizers. This factor could result in generation of massive revenues for the market during the forecast period.

One of the prominent trends picking up pace in the global non phthalate plasticizer market is shifting focus of manufacturers on the development of non-phthalate plasticizers with the capability withstand higher temperature and abrasion resistance.

Global Non-Phthalate Plasticizer Market: Competitive Dashboard

The key players profiled in the report include BASF SE, NAN YA PLASTICS CORPORATION, DIC CORPORATION, Evonik Industries AG, Velsicol Chemical LLC, Valtris Specialty Chemicals, LG Chem Ltd., Eastman Chemical Company, LANXESS, and Grupa Azoty.

Global Non-Phthalate Plasticizer Market: Segmental Analysis

The report specifies that the global market is segmented on the basis of type, application, end-use industry, and region.

The types of non-phthalate plasticizers are adipates, benzoates, trimellitates, epoxies, terephthalates, citrates, and others. The adipates segment claims the largest share of the market and likely to reach a size worth USD 1,050.9 million during the forecast period. Whereas, the trimillitate segment is expected to expand at the highest CAGR.

Various applications mentioned in the report are flooring & wall covering, film & sheets, wires & cables, coated fabrics, toys & childcare articles, and adhesives, sealants & caulks, and others. Among all the applications, the flooring & wall covering segment is expected to lead the market growing at a tremendous CAGR of 7.29% during the forecast period. Non-phthalate plasticizers offer a wide array of benefits when used in the manufacture of floorings and wall coverings. It also offers improved efficiency and lower fusion temperatures.

The end-users in the market include building & construction, automotive, food & beverage, healthcare, consumer goods, sports & leisure, and others. The building & construction segment is expected to dominate the market owing to the growing demand in carpeting, flooring, vinyl tiles, and composite solutions. The segment accounted for 28.63% share of the market in 2017 and is estimated to reap USD 986.7 million during the forecast period.

Regional Outlook:

The non-phthalate plasticizer market is segmented on the basis of five key regions which are Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

MRFR states that in 2017, Asia-Pacific claimed the largest share of the market and will continue dominating throughout the assessment period. The leverage can be credited to increasing demand from major end-use industries in the region which include construction, food & beverage, and automotive. Moreover, rigid government policies adopted by developing countries such as India, China, and Malaysia will prove beneficial for the market in the coming years. Rapid growth of the construction industry in the region grants leeway to non-phthalate plasticizer market.  

On the other hand, North America has secured the second position in the global market owing to increasing construction activities, and significant growth in the electronics industry has marked the market growth in the region. In addition, major stakeholders are increasingly investing and focusing on technological innovations in the field buoys the market growth immensely.

Europe also has made noteworthy strides in the global market as the automotive industry in the region is a major consumer of non-phthalate plasticizers. Moreover, stringent regulations prohibiting the use of traditional phthalate plasticizers propel the demand for non-phthalate plasticizer, giving the necessary push to the market growth in the region.

The Middle East & Africa and Latin America markets are projected to witness moderate growth. However, the coming years can positively affect market growth on account of the increasing use of non-phthalate plasticizers in major end-use industries such as adhesives and sealants, sports, medical devices, flooring & covering, and others.

Market Dynamics:

5.1 Introduction 33

5.2 Drivers Analysis 34

5.2.1 Efficient And Safe Alternative To Phthalate-Based Plasticizers 34

5.2.2 Rising Demand For Non-Phthalate Plasticizers On Account Stringent Health & Safety Regulations 34

5.3 Restraint Analysis 35

5.3.1 High Cost Of Phthalate-Free Plasticizers As Compared To Traditional Plasticizers 35

5.4 Opportunities 35

5.4.1 Growing Demand From The Automotive Industry To Replace Conventional Plasticizers 35

5.5 Challenges 36

5.5.1 Rising Prices Of Raw Materials 36

Market Factor Analysis:

6.1 Supply Chain Analysis 38

6.1.1 Raw Material 38

6.1.2 Non-Phthalate Plasticizer Manufacturers 38

6.1.3 Distribution Channel 38

6.1.4 End-User Industry 39

6.2 Porter’s Five Forces Model 39

6.2.1 Threat Of New Entrants 40

6.2.2 Threat Of Rivalry 40

6.2.3 Threat Of Substitutes 40

6.2.4 Bargaining Power Of Supplier 40

6.2.5 Bargaining Power Of Buyer 40

List of Table:

TABLE 1 MARKET SYNOPSIS 18

TABLE 2 LIST OF ASSUMPTIONS 21

TABLE 3 GLOBAL NON-PHTHALATE PLASTICIZER MARKET, BY TYPE, 2016–2023 (USD MILLION) 42

TABLE 4 GLOBAL NON-PHTHALATE PLASTICIZER MARKET, BY TYPE, 2016–2023 (KILOTON) 43

TABLE 5 GLOBAL NON-PHTHALATE PLASTICIZER MARKET FOR ADIPATES, 2016–2023 (USD MILLION) 44

TABLE 6 GLOBAL NON-PHTHALATE PLASTICIZER MARKET FOR ADIPATES, 2016–2023 (KILOTON) 44

TABLE 7 GLOBAL NON-PHTHALATE PLASTICIZER MARKET FOR BENZOATES, 2016–2023 (USD MILLION) 45

TABLE 8 GLOBAL NON-PHTHALATE PLASTICIZER MARKET FOR BENZOATES, 2016–2023 (KILOTON) 45

TABLE 9 GLOBAL NON-PHTHALATE PLASTICIZER MARKET FOR TRIMELLITATES, 2016–2023 (USD MILLION) 46

TABLE 10 GLOBAL NON-PHTHALATE PLASTICIZER MARKET FOR TRIMELLITATES, 2016–2023 (KILOTON) 46

TABLE 11 GLOBAL NON-PHTHALATE PLASTICIZER MARKET FOR EPOXIES, 2016–2023 (USD MILLION) 47

TABLE 12 GLOBAL NON-PHTHALATE PLASTICIZER MARKET FOR EPOXIES, 2016–2023 (KILOTON) 47

Browse Full Report @ https://www.marketresearchfuture.com/reports/non-phthalate-plasticizer-market-6233

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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