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Non-phthalate Plasticizers Market Trends

Report ID: GMI8959
Published Date: Apr 2024
Report Format: PDF

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Non-phthalate Plasticizers Market Trends

Key trends in the non-phthalate plasticizers industry include increased interest in bio-based alternatives due to sustainability considerations. Technological advancements are further improving the efficiency and affordability of non-phthalate formulations. Evolving consumer preferences for eco-friendly and health-conscious products are also driving manufacturers to expand their non-phthalate product lines. Moreover, stringent regulatory measures to reduce phthalate usage across industries are boosting the adoption of non-phthalate plasticizers. Lastly, collaborative efforts and partnerships among industry players are fostering innovation and driving market expansion in the non-phthalate plasticizers sector.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for Non-phthalate plasticizers recorded USD 3.6 billion in 2023 and will grow at a 4.5% CAGR between 2024 and 2032 due to increasing awareness about the harmful effects of phthalate-based plasticizers on health and the environment.

The flooring & wall coverings segment secured 40.7% of the non-phthalate plasticizers industry share in 2023 and will secure a 42% share by 2032, owing to the escalating demand for PVC-based flooring and wall materials in construction and interior design industries.

Asia Pacific industry captured USD 1.3 billion in 2023 and will register USD 2 million by 2032, fueled by region's thriving manufacturing sector and the growing demand for eco-friendly plasticizers in industries, such as automotive, construction, and packaging.

Prominent leaders operating in the non-phthalate plasticizers industry are 4G BioPlast Ltd., Arkema Inc., BASF SE, Dow Chemical Company, Eastman Chemical Company, Emery Oleochemicals Group, ExxonMobil Chemical Company, Hallstar, LANXESS AG, PolyOne Corporation, REAGENS SpA, Shandong Hongxin Chemicals Co., Ltd., Solvay S.A., Teknor Apex Company among others.