The global phthalate and non-phthalate plasticizers market is worth US$ 14.43 Billion as of now and is expected to reach US$ 22.97 Billion by the year 2033 at a CAGR of 4.8% between 2023 and 2033.
The aerospace and automotive verticals are witnessing an increasing demand regarding phthalate and non-phthalate plasticizers. Plasticizers come across as chemical compounds added to polymers like plastics for improving their durability, flexibility, and workability. They actually operate by reduction of intermolecular forces amongst the polymer chains.
Key phthalate plasticizers used in the present scenario are inclusive of diethylhexyl phthalate, dioctyl phthalate, dimethyl phthalate, and likewise. On the other hand, non-phthalate plasticizers commonly used enclose terephthalates, adipates, octyl adipate, epoxies, and trimellitates.
Phthalates are further used in producing PVC-based products like toys, cables, and flooring. Flexible PVC products include shower curtains, vinyl flooring, automotive parts like seats, dashboard, interior trims, and medical devices like blood bags, catheters, and tubing.
Non-phthalates are derived from citrates, vegetable oils, or the other kinds of esters.
At the same time, the fact that phthalates could result in endocrine disruption can’t be ignored. This factor may restrain the phthalate and non-phthalate plasticizers market going forward.
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Future Market Insights has described these findings with insights in its latest market study entitled ‘Phthalate and Non-Phthalate Plasticizers Market’. It has its determined team of analysts and consultants to deploy a 360-degree approach across macros and micros.
“The phthalate and non-phthalate plasticizers market is expected to take a biodegradable turn with bio-based plasticizers being in greater demand and the scenario expected to remain unchanged going forward”, says an analyst from Future Market Insights.
Key Takeaways from Phthalate and Non-Phthalate Plasticizers Market
- North America holds the largest market share with the US witnessing growing demand for bio-based plasticizers. Non-phthalate plasticizers fall in this category.
- The Asia-Pacific is expected to grow at the fastest rate in the phthalate and non-phthalate market rising demand for these plasticizers in several applications inclusive of construction, packaging, consumer goods, and automotives. China is expected to grow based on demand for various flexible PVC-based products like wall coverings, flooring, cables, and likewise.
Competitive Plasticizers
- BASF japan Ltd., in November 2021, entered into partnership with Pentel Co., Ltd. for launching erasers made from non-phthalate plasticizers. The latter will thus use the former’s Hexamoll DINCH plasticizer compiling with the safety standards in PVC-based erasers manufactured in Japan and Taiwan.
- Evonik Industries AG, in November 2022, did state that company would be expanding the product portfolio regarding plasticizers. It has signed an agreement with DEZA for producing plasticizer tri-isononyl trimellitate.
- Payal Group, in August 2022, did announce establishing India’s very first plant pertaining to primary plasticizers in Southern India.
- Perstop, in September 2019, did introduce a renewable non-phthalate plasticizer called ‘Pevalen Pro’. The properties include quicker processing, proper plasticizing efficiency, higher UV stability, lower volatility, and better durability. The end-use applications include artificial leather, coated fabrics, wall covering, flooring, artificial leather, sports & leisure products, and automotive interiors.
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Key Companies Profiled
- BASF SE
- Exxon Mobil Corporation
- Evonik Industries AG
- Eastman Chemical Company
- Lanxess AG
- Hanwha Group
- Sasol Ltd.
- Hallstar
- Aarti Industries
- New Japan Chemical Co., Ltd.
- Bluesail Group
What does the Report say?
- The research study is based on product type (phthalate plasticizers (dioctyl and diethylhexyl phthalate, diisononyl phthalate, diisodecyl phthalate, Di (2-Propylheptyl) phthalate, butyl benzyl phthalate, Di Ethyl Phthalate, Di Methyl Phthalate, Di Butyl Phthalate, and likewise), and non-phthalate plasticizers (adipates, terephthalates, trimellitates, epoxies, benzoates, apliphatics, citrates, cyclohexanoate, Di Octyl adipate, and Tri Ethyl citrate)), by application (wire and cables, flooring and wall coverings, coatings, films and sheets, consumer and industrial goods, upholstery, medical products, and others), and by end-use industry (aerospace, healthcare, automotive, building and construction, food and beverage, electrical and electronics, consumer goods, and likewise).
- With growing demand for phthalate and non-phthalate plasticizers from aerospace and automotive verticals, the global phthalate and non-phthalate plasticizers market is expected to go great guns in the forecast period.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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