Non-phthalate Plasticizer Market

Non-phthalate Plasticizer Market Size (2023-2028):

The size of the Non-phthalate Plasticizers Market was calculated to be USD 5.1 billion in 2022 and is predicted to reach USD 7.9 billion in 2028, with a CAGR of 6.6%.

The growing call for phthalate-free plasticizers is due to strict regulations on phthalate plasticizers and the growing awareness of the harmful effects of using phthalate plasticizers. Phthalate-free plasticizers are mainly employed for sensitive applications, as well as for objects in direct contact with people, in particular toys and applications for children. Phthalate-free plasticizers are an effective alternative to conventional plasticizers that are toxic in nature and avoid direct contact with humans. Plasticizers are chemicals that are added to polymers to soften hard, brittle plastic into a soft, flexible material, thus improving the durability of the material. PVC represents more than 80% of the total consumption of plasticizers.

Historically, phthalate plasticizers have been the most widely employed plasticizers in a number of applications, but due to the risk to human health and the environment associated with the toxic substances present in these plasticizers, plasticizers without phthalates had to be employed. for significant expansion. Plasticizers are chemicals that are added to polymers to soften hard, brittle plastic into a flexible, soft material, thus improving the hardness of the material. PVC represents more than 80% of the total consumption of plasticizers. Traditionally, phthalate plasticizers have been the most widely employed plasticizers in a number of applications, but due to risks to human health and environmental concerns about toxic substances in these plasticizers, the use of non-phthalate plasticizers is predicted. increase considerably.

The call for phthalate-free plasticizers in emerging economies such as APAC and South America is escalating due to the expansion of the construction industry. One of the major trends in the global non-phthalate plasticizer industry is the focus of companies on developing products that can withstand higher temperatures and abrasion. As part of the business strategy and to gain an advantage over other industry players, manufacturers focus on product innovation and the development of new products with improved properties and characteristics that can be employed for specific applications in measured.

Non-phthalate Plasticizer Market Drivers:

One of the main factors driving the expansion of the global phthalate-free plasticizers industry is the escalating government regulation that prohibits the use of conventional plasticizers that are toxic in nature. Conventional plasticizers are reported to be carcinogenic in nature because there has been a significant call for phthalate-free plasticizers. Escalated use of non-phthalate plasticizers in flooring and wall coverings and strict government regulations for the use of conventional plasticizers, as well as escalating call for PVC products in commercial and residential applications, are predicted to drive the industry for non-phthalate plasticizers during the foreseen period.

Opportunities in the Non-phthalate Plasticizer Market

The call for phthalate-free plasticizers is escalating due to their non-toxic properties. This escalated call for bio-based plasticizers offers expansion opportunities in the industry.

Challenges in the Non-phthalate Plasticizer Market

The poor performance and incompatibility of some phthalate-free plasticizers with polymers are the main challenges in the industry. Rising prices for raw materials like adipic acid are also a major concern for manufacturers, hampering the expansion of the worldwide industry for non-phthalate plasticizers.

NON-PHTHALATE PLASTICIZER MARKET REPORT COVERAGE:

This research report includes the segmentation of the Non-phthalate Plasticizer Market per the research report until 2028.

Non-phthalate Plasticizer Market - By Type:

• Adipates

• Trimellitates

• Benzoates

• Epoxies

• Others

Adipates are the largest type, while trimellitates are the fastest-growing type of non-phthalate plasticizers due to their high-temperature performance properties. Trimellitates are employed in PVC coatings for dashboards and in the insulation or sheathing of high-temperature electrical cables, due to their low volatility properties.

Non-phthalate Plasticizer Market - By Application:

• Flooring & wall coverings

• Wires and cables

• Films and sheets

• Coated fabrics

• Consumer goods

The flooring and wallcovering segment was the largest consumer of phthalate-free plasticizers in 2019, while the films and sheets segment is predicted to be the fastest-growing application during the foreseen period. The low volatility and high pull-out properties of non-phthalate plasticizers are driving their call in this application.

Non-phthalate Plasticizer Market - By Region

• North America 

• Europe

• Asia Pacific 

• Latin America 

• Middle East & Africa 

Asia Pacific is predicted to record the strongest expansion in the worldwide non-phthalate plasticizer industry during the foreseen period. The call for non-phthalate plasticizers is high in developing economies such as China and India. The expansion of the non-phthalate plasticizer industry in the APAC region is primarily due to the escalating call for PVC in floor and wall covering applications. The growing population and growing industries have led to innovation and development, making APAC a major industrial center on a worldwide scale. Strong expansion and innovation, along with industry consolidations, are predicted to drive rapid industry expansion in the region. The APAC region is made up of large developing countries, such as China and India, and therefore the development possibilities for most industries are high. The region accounted for the largest industry share and is predicted to be the fastest-growing industry for non-phthalate plasticizers. The expansion of the industry in the region is attributed to the presence of emerging countries and their high rate of economic expansion, the increase in infrastructure projects, the increase in urbanization, and the increase in the standard of living.

North America and Europe are also predicted to show a significant call for non-phthalate plasticizers due to strict regulations banning the use of traditional phthalate-based plasticizers. Regions like Latin America and the Middle East and Africa have shown moderate growth in the non-phthalate plasticizers business than other areas. Japan is also predicted to remain a lucrative region for the expansion of phthalate-free plasticizers.

Recent Developments 

• Perstorp, a leading polyol supplier, is launching a new (phthalate-free) polyol ester plasticizer Pevalen Pro. This would make flexible PVC an even more attractive plastic option, based on a significantly lower carbon footprint compared to competitive materials and technologies.

• Swedish specialty chemicals manufacturer Perstorp is launching Pevalen Pro, a renewable plasticizer without phthalates.

The key players operating in this industry include

1. BASF (Germany)

2. Eastman Chemical Company (US)

3. ExxonMobil (US)

4. Evonik Industries (Germany)

5. DIC Corporation (Japan)

6. Perstorp (Sweden)

7. Lanxess AG (Germany)

8. KLJ Group (India)

9. Polynt (Italy)

10. Mitsubishi Chemical Corporation (Japan)