Northbrook, IL 60062 -- (SBWIRE) -- 11/24/2023 -- The report "Non-phthalate Plasticizers Market by Type (Adipates, Trimellitates, Benzoates, Epoxies, and Others), Application (Flooring & Wall Coverings, Wires & Cables, Films & Sheets, Coated Fabrics, Consumer Goods), and Region - Global Forecast to 2025", The non-phthalate plasticizers market is projected to grow from USD 3.1 billion in 2020 to USD 3.9 billion by 2025, at a CAGR of 4.6%.

Browse in-depth TOC on "Non-phthalate Plasticizers Market"
- 103 market data Tables
- 40 Figures
- 144 Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255784623

The demand for non-phthalate plasticizers in emerging economies, such as APAC and South America, is increasing owing to the growing construction industry. The higher price of non-phthalate plasticizers than phthalate plasticizers is hindering the growth of the non-phthalate plasticizers market. The demand for non-phthalate plasticizers is increasing, owing to their non-toxic properties. This increase in demand for bio-based plasticizers provides growth opportunities to the market. On the other hand, poor performance and incompatibility of few non-phthalate plasticizers with polymers are the major challenges for the market.

On the basis of application, the flooring & wall coverings segment is estimated to lead the non-phthalate plasticizers market in 2020.
Flooring & wall coverings is one of the largest applications of non-phthalate plasticizers used in flexible PVC. According to the American Chemistry Council, flexible PVC is the second-most commonly used plastic material and is mainly used in the flooring & wall coverings application in the construction industry. The low volatility and high extraction resistance properties of non-phthalate plasticizers are driving its demand in this application.

On the basis of type, the trimellitates segment is projected to lead the overall non-phthalate plasticizers market during the forecast period.
Trimellitates are manufactured by the esterification of C7 to C10 alcohols with trimellitic anhydride (TMA). They impart various properties such as low volatility, low migration rate, good compatibility with PVC, good outdoor weatherability, plasticizer solvency, high temperature resistance, and extraction resistance. They are used in dashboard PVC skins, and in the insulation or sheathing of electrical cables for high temperature, owing to low volatility properties.

On the basis of region, APAC is estimated to lead the non-phthalate plasticizers market in 2020.
APAC consists of major developing nations, such as China and India, and therefore, the scope for development for most of the industries is high. The region accounted for the largest market share and is projected to be the fastest-growing market for non-phthalate plasticizers. The growth of the market in the region is attributed to the presence of emerging countries and their high economic growth rate, the rise in infrastructure projects, increasing urbanization, and growing standard of living. These developing countries are the driving engines for the non-phthalate plasticizers market in the region.

Speak to Analyst @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255784623

The key players in the non-phthalate plasticizers market include BASF (Germany), Eastman Chemical Company (US), ExxonMobil (US), Evonik Industries (Germany), DIC Corporation (Japan), Perstorp (Sweden), Lanxess AG (Germany), KLJ Group (India), Polynt (Italy), and Mitsubishi Chemical Corporation (Japan).

BASF SE (Germany) is among the key players in the non-phthalate plasticizers market. The company adopted the strategies of new product launch and expansion to strengthen its competitiveness in the global non-phthalate plasticizers market. For instance, in May 2014, BASF doubled the capacity production of Hexamoll DINCH to 200,000 metric tons per year at its site in Ludwigshafen, Germany. The company expanded the production capacity by establishing a new Hexamoll DINCH plant. The expansion of production capacity will help the company to meet the growing customer demand for food packaging, medical devices, and toys.

Perstorp (Sweden) is one of the leading manufacturers of non-phthalate plasticizers. The company adopted new product launch as one of its key business strategies. For instance, in September 2019, Perstorp introduced a renewable polyol ester (non-phthalate) plasticizer, Pevalen Pro. It has various properties, such as good plasticizing efficiency, faster processing, low volatility, high UV stability, and long-life performance. It offers a higher level of renewable content and is used for applications, such as coated fabrics, artificial leather, flooring, wall covering, automotive interiors, and sports & leisure products.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com