What is Non-Phthalate Plasticizers Market?
Non-phthalate plasticizers are free of phthalates. Non-phthalate includes DOTP (diethylehexyl terephthalate, aka DEHT), Hexamoll DINCH (diisononyl cyclohexane dicarboxylate), as well as bio-based plasticizers, including a line of soy-based plasticizers. It is used in food packaging, PVC flooring as well as toys, and childcare articles. It is used to increase product strength.
Highlights from Non-Phthalate Plasticizers Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF (Germany), Eastman Chemical Company (United States), ExxonMobil (United States), Evonik Industries (Germany), DIC Corporation (Japan), Perstorp (Sweden), Lanxess AG (Germany), KLJ Group (India), Polynt (Italy) and Mitsubishi Chemical Corporation (Japan) |
Global Non-Phthalate Plasticizers is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
BASF (Germany), Eastman Chemical Company (United States), ExxonMobil (United States), Evonik Industries (Germany), DIC Corporation (Japan), Perstorp (Sweden), Lanxess AG (Germany), KLJ Group (India), Polynt (Italy) and Mitsubishi Chemical Corporation (Japan) are some of the key players profiled in the study. Non-Phthalate Plasticizers Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Food packaging, PVC flooring, Toys and childcare articles and Others |
Type | Adipates, Trimellitates, Benzoates, Epoxies and Others |
End-Use Verticals | Building and Construction,Automotive,Consumer Goods,Healthcare,Food and Beverages,Others |
Sales | Online,Offline |
On the basis of geography, the market of Non-Phthalate Plasticizers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumer awareness about the use of Phthalate Plasticizers
Market Growth Drivers:
Rising Demand for Non-Phthalate Plasticizers from Packaging Sector and Growing Building and Construction Industries
Challenges:
Strict Regulation on the Manufacturing of Non-Phthalate Plasticizers
Restraints:
Volatile Raw Material Prices can hamper the Non-Phthalate Plasticizers Market
Opportunities:
The rising Adoption of biobased plasticizers will create Opportunities for Non-Phthalate Plasticizers Market Growth.
Key Target Audience
Non-Phthalate Plasticizers Manufacturers, Non-Phthalate Plasticizers Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 31st January 2020, BASF has acquired Solvay’s polyamide business. This acquisition helps to accelerate the global presence of BASF and strengthen the business as well as improved supply reliability.
On 15th April 2021, BASF has launched biomass-balanced plasticizers. These plasticizers are based on renewable raw materials including Hexamoll® DINCH BMB, Palatinol® N BMB, Palatinol® 10-P BMB, and Plastomoll® DOA BMB.