In the dynamic non-PVC plasticizers market, several factors significantly shape sales trends, including robust investments in the healthcare sector and the increasing demand for innovative solutions across various industries. End-users are likely to favor benzoate plasticizers more during the forecast period, owing to their superior performance features compared to other product kinds, according to the FMI analysis.
The global market for non-PVC plasticizers is expanding rapidly, owing to rising end-user demand for cost-effective and trustworthy additives. According to the most recent study analysis by Future Market Insights (FMI), the non-PVC plasticizers market will grow at a CAGR of more than 3.5% through 2026. According to an FMI research study, demand for non-PVC plasticizers in medical product manufacturing will grow at an exponential rate by 2026. Plasticizers will continue to be in high demand in order to attain the necessary level of flexibility and softness. Non-PVC Plasticizers are likely to be in high demand in some medical product categories such as bags, gloves, and tubing in the coming years. While the need for non-PVC plasticizers in medical products is expanding, tubing is predicted to grow at 1.4X by the end of 2026, creating a considerable incremental $ opportunity.
Get Access to Your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-8994
According to the FMI report, medical equipment containing plasticizers, like all medical devices, is submitted to stringent pre- and post-market evaluation processes to ensure safety and performance. In response to the foregoing, manufacturers in the non-PVC plasticizers market are subjecting their goods to rigorous testing in order to enhance end-user confidence and repeat sales.
According to FMI analysis, China is projected to thrive and gain a substantial position in the worldwide non-PVC plasticizers market for application market in 2019, both in terms of value and volume predictions, and the status quo is unlikely to alter over the assessment period. Rapid growth in the pharmaceutical, healthcare, and personal care industries is one of the primary reasons driving the non-PVC plasticizers market.
However, uncertainty about the use of plasticizers will continue to undermine end-user confidence, posing a challenge to the expansion of the non-PVC plasticizers market. Phthalates continue to be one of the most extensively used non-PVC plasticizers, accounting for over 57% of the total market. Though phthalates have many advantages, they also have a number of disadvantages in terms of health and the environment. In line with this, harsh and uncompromising restrictions would restrict the use of non-PVC plasticizers, perhaps inhibiting non-PVC plasticizer growth.
According to the FMI report, major manufacturers in the worldwide non-PVC plasticizers market are focusing on the commercialization of goods that meet international certifications and regulations–a key to global market consolidation. Furthermore, leading producers are competing to expand client bases in important Asia Pacific countries, a region with promising non-PVC plasticizer sales. Non-PVC plasticizers market participants continue to engage in distinct business models and tactics, such as strategic mergers and acquisitions, with the goal of expanding their reach and strengthening their position across several geographies.
The report features some of the leading manufacturing companies operating in non-PVC plasticizers market, such as Exxon Mobil Corporation, LG Chem Ltd., BASF SE, Evonik Industries AG, Nan Ya Plastics Corporation, Eastman Chemical Company, Arkema Group, UPC Group, Hanwha Chemical Co., Ltd., Ferro Corporation, and others.
Discover More, Request the Brochure:
https://www.futuremarketinsights.com/reports/brochure/rep-gb-8994
Key Segments
By Product type
- Phthalates
- Trimellitates
- Tetrapthaletes
- Aliphatic
- Cyclohexanoates
- Benzoates
By Region
- North America
- Latin America
- China
- Japan
- Europe
- MEA
- SEA and Other APAC
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
