Global Non-phthalate Plasticizer Market, By Type (Adipates, Benzoates, Trimillitates), Application (Flooring & Wall Covering, Film & Sheets, Wire & Cable, Toys & Childcare Article), End-use Industry (Building & Construction, Automotive, Food & Beverages, Healthcare) and Region - Forecast till 2023

Published - Feb 2019 | Category - Chemical & Material | No. of Pages - 190 | Published By - Market Research Future

Global Non-phthalate Plasticizer Market is projected to reach USD 3,412.2 million at a robust CAGR of 6.91% during the forecast period.

Non-phthalates are the esters of benzoic or adipic acid. They are added to polymers to soften the hardness and brittleness of plastic, thereby improving its toughness. They are mainly used as plasticizers that offer superior durability and operational flexibility to the substrate polymer. Non-phthalate or phthalate-free plasticizers are the effective and safe alternative to phthalate-based plasticizers owing to their minimal health and environmental impacts.

According to the analysis, the global non-phthalate plasticizer is projected to reach USD 3,412.2 million at a robust CAGR of 6.91% during the forecast period. The rising demand for non-phthalate plasticizers on account of stringent health and safety regulations against the use of its counterpart is expected to drive the global market growth in the coming years. By type, the adipates segment held the largest market share of 31.03% in 2017 owing to its excellent performance and characteristics at an affordable price. The trimellitates segment is projected to register the highest CAGR of 7.66% during the forecast period owing to its low volatility properties and wide applications in wires & cables and healthcare products. Based on application, the flooring & wall covering segment dominated the global market and was valued at USD 523.7 million in 2017 due to its high durability and easy maintenance. Additionally, it can withstand heavy foot traffic such as in retail stores and repeated cleaning in the healthcare sector. On the basis of end-use industry, the building & construction segment accounted for the largest market share of 28.6% in 2017 and is likely to exhibit a CAGR of 7.03% in the coming years. This is attributed to the surging demand for the product in vinyl tiles, carpets, and flooring. The increasing prices of raw materials is expected to pose a major challenge to the manufacturers. Nevertheless, the growing demand in the automotive industry to replace conventional plasticizers is likely to offer lucrative opportunities to the market players.
However, the higher cost of phthalate-free plasticizers as compared to traditional plasticizers is likely to hamper the global market growth in the coming years.


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