DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The global non-phthalate plasticizers market size is projected to reach USD 3.9 billion by 2025 at a CAGR of 4.6% from 2020.
The growth of this market is attributed to stringent regulations on phthalate plasticizers due to the harmful effects associated with their use. There is an increased demand for non-phthalate plasticizers in the flooring & wall coverings application in emerging countries of APAC, such as China, India, Indonesia, and South Korea. However, the high price of non-phthalate plasticizers when compared to phthalate plasticizers is restraining the growth of the non-phthalate plasticizers market. Growing awareness about the harmful effects over the use of phthalate plasticizers is providing growth opportunities for the non-phthalate plasticizers market.
The trimellitates type segment to register the fastest growth 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. Trimellitates are used in dashboard PVC skins, and in the insulation or sheathing of electrical cables for high temperature, owing to low volatility properties.
The flooring & wall coverings application to be the largest consumer of non-phthalate plasticizers.
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 covering application in the construction industry. The low volatility and high extraction resistance properties of non-phthalate plasticizers are driving its demand in the flooring & wall covering application.
APAC is projected to be the largest non-phthalate plasticizers market during the forecast period.
The non-phthalate plasticizers market in APAC is projected to register the highest CAGR during the forecast period. The flooring & wall coverings market in APAC is driven by the growing construction industry, increased consumer spending, and strong economic growth.
- Stringent Regulations on the Use of Phthalate Plasticizers
- Growing Demand for Pvc in Tandem with the Growing Construction Industry in Emerging Countries
- Higher Price of Non-Phthalate Plasticizers in Comparison to Phthalate Plasticizers
- Growing Awareness About the Harmful Effects Over the Use of Phthalate Plasticizers
- Emerging Market for Bio-Based Plasticizers
- Poor Performance and Incompatibility of Few Non-Phthalate Plasticizers
- BASF SE
- Eastman Chemical Company
- Evonik Industries AG
- DIC Corporation
- Lanxess AG
- KLJ Group
- Mitsubishi Chemical Corporation
- Other Market Players
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