Non-phthalate plasticizers market was valued at USD 3.39 Bn in 2022 and is expected to reach USD 4.84 Bn by 2029 at a CAGR of 5.2% over the forecast period 2023-2029.
Non-phthalate plasticizers Market Overview:
The Non-phthalate plasticizers Market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Non-phthalate plasticizers Market, as well as the causes for variances in the industry's growth in different areas.
Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
Dynamics:
Chemical additive products including epoxies, adipates, trimellitates, and benzoates are examples of non-phthalate plasticizers. To lessen the hardness and brittleness of plastic, these chemicals are added to polymers. As knowledge of the advantages of plasticizers for the environment and their safety grows, non-phthalate plasticizers are being used more frequently in a variety of applications. The non-phthalate plasticizers give the material more pliability and softness while also enhancing its toughness.
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Segmentation:
by Type
• Adipates
• Trimellitates
• Benzoates
• Epoxies
• Others
by Application
• Flooring & wall coverings
• Wires & cables
• Films & sheets
• Coated fabrics
• Consumer goods
• Others
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Key Players: The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Non-phthalate plasticizers Market are
• Eastman Chemical Company (US)
• ExxonMobil (US)
• Evonik Industries (Germany)
• DIC Corporation (Japan)
• Perstorp (Sweden)
• Lanxess AG (Germany)
• KLJ Group (India)
• Polynt (Italy)
• Mitsubishi Chemical Corporation (Japan)
• Emerald Performance Materials, LLC
• Jiangsu Zhengdan Chemical Industry Co., Ltd,
• KAO Corporation
• Myriant Corporation
• Polyone Corporation
• Vertellus Holdings LLC
Regional Analysis: The region portion of the Non-phthalate plasticizers Market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
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COVID-19 Impact Analysis on Non-phthalate plasticizers Market:
Following the outbreak of the pandemic, end-user sectors where Non-phthalate plasticizers Market are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Non-phthalate plasticizers Market manufacturers, influencing the growth of the Non-phthalate plasticizers Market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Non-phthalate plasticizers Market from end-user businesses has decreased significantly.
Key Questions answered in the Non-phthalate plasticizers Market Report are:
- Which are the major companies in the Non-phthalate plasticizers Market?
- Which is the potential market for Non-phthalate plasticizers Market in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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