Non-phthalate Plasticizers Market Forecast | 2023-2028

Market Insights

The Non-phthalate Plasticizers Market is expected to grow from USD 3.55 Billion in 2022 to USD 4.63 Billion by 2028 at a healthy CAGR of 4.52% during the forecast period of 2023-2028.

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The prime factor that is contributing to the demand for non-phthalate plasticizers is mainly the increasing usage of composite fabrics in various industrial applications, such as automotive and wires & cables.

Segments' Analysis

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Non-phthalate Plasticizers Market Share: By Type

Based on the type, the market is segmented as adipates, trimellitates, benzoates, epoxies, and others. The adipates segment held the largest share of the market in 2022, and is expected to remain dominant during the forecast period, whereas trimellitates is the fastest-growing non-phthalate plasticizers type owing to its high-temperature performance properties. Owing to adipates light-color, oily liquid it is used to plasticize PVC which is driving the growth of this segment.

Non-phthalate Plasticizers Market Share: By Application Type

Based on the application type, the non-phthalate plasticizers market is segmented as flooring & wall coverings, wires & cables, films & sheets, coated fabrics, consumer goods, and others. The flooring & wall coverings industry segment dominates the market. Further, readily soluble in polyvinyl chloride, lower density when compared to other plasticizers are the other properties propelling the growth of non-phthalate plasticizers during the forecast period.

Non-phthalate Plasticizers Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for non-phthalate plasticizers during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as flooring & wall coverings, wires & cables, films & sheets, coated fabrics, consumer goods, and others, which is generating huge demand for non-phthalate plasticizers and the presence of a large number of non-phthalate plasticizer manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Market Scope & Segmentation

Non-phthalate Plasticizers are essentially plasticizers that are free of phthalates. Plasticizers can be defined as chemicals that are added to polymers to soften the hardness and brittleness of plastic.

Non-phthalate Plasticizers are of different types, such as adipates, trimellitates, benzoates, epoxies, and others, that are used in various end-use industries, such as flooring & wall coverings, wires & cables, films & sheets, coated fabrics, consumer goods, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The non-phthalate plasticizers market is segmented into the following categories. 

Non-phthalate Plasticizers Market Size, Share, & Forecast, by Type:

• Adipates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Trimellitates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Benzoates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Epoxies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Non-phthalate Plasticizers Market Size, Share, & Forecast, by Application Type:

• Flooring & Wall Coverings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wires & Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Films & Sheets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Coated Fabrics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Non-phthalate Plasticizers Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major non-phthalate plasticizer manufacturers are-

• BASF SE
• DIC Corporation
• Eastman Chemical Company
• Exxonmobil Corporation
• Evonik Industries
• KLJ Group
• Lanxess AG
• LG Chem Ltd.
• Mitsubishi Chemical Corporation
• UPC Technology Corporation.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.