Stringent government regulations favor the Non-Phthalate Plasticizer Market

Posted by rohan on November 18th, 2019

Market Overview:

Plasticizers help to smoothen the hard and brittle plastic, when added to polymers, thereby enhancing the toughness of the fabric. PVC accounts for more than 80% of all the plasticizers consumption. Conventionally, the phthalate plasticizers were the most employed chemicals across a variety of applications. But due to the human health risks and environmental concerns relating to the toxic substances present in such softeners, the employment of such chemicals is expected to grow considerably. The market worth of non-phthalate plasticizers market is estimated to rise by USD 3.24 billion in 2018 and is estimated to increase by USD 5.35 billion by 2023 at a CAGR of around 8.7%. 

Market drivers and restraints:

One of the critical factors driving the expansion of global non-phthalate plasticizer market is the rising government regulations, which forbid the employment of traditional harmful products. The traditional plasticizers are known to be carcinogenic; as a result, there has been high demand for non-phthalate plasticizers. Increasing raw material costs like adipic acid is also an essential issue for the manufacturers, that is impeding the expansion of the global market.

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Report segmented as:

By type:

  • Adipates esters
  • Trimellitates esters
  • Epoxy esters
  • Benzoates

By application:

  • Floor and wall coverings
  • Wire cable
  • Coated fabric
  • Film and sheet
  • Consumer goods

Geographical analysis:

Based on region, the global non-phthalate plasticizers market can be analyzed in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are key regions of thismarket owing to increase in demand for PVC products across a number of industrial, residential, and commercial applications.

Important market players:

Important players operating in the worldwide non-phthalate plasticizers market include Emerald Performance Materials, LLC, Jiangsu Zhengdan Chemical Industry Co., Ltd,  KAO Corporation, KLJ Group, Lanxess AG,  Myriant Corporation, Polyone Corporation, Vertellus Holdings LLC, Velsicol Chemical, LLC, The Hallstar Company, Synegis Bvba, Shandong Qilu Plasticizer Co. Ltd and others.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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rohan

About the Author

rohan
Joined: September 20th, 2017
Articles Posted: 1,346

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