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Non Phthalate Plasticizers Market Size, Share, Industry Trends and Forecast to 2030

Non Phthalate Plasticizers Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Non Phthalate Plasticizers Market Size & CAGR in 2021

The global non-phthalate plasticizers market is anticipated to have a growth rate of 4.2% CAGR from 2021 to 2028. As a result, the market is expected to reach a value of USD 3.5 billion by the end of 2028. The increasing demand for non-phthalate plasticizers in various industries such as automotive, construction, and electronics is driving the market growth.

COVID-19 Impact on the Non Phthalate Plasticizers Market

The COVID-19 pandemic had a significant impact on the non-phthalate plasticizers market. The global supply chain disruptions, restrictions on manufacturing activities, and reduced demand from end-use industries led to a temporary slowdown in the market growth. However, with the gradual reopening of economies and the resumption of industrial activities, the market is expected to recover and witness growth in the coming years.

Non Phthalate Plasticizers Dynamics

The non-phthalate plasticizers market is driven by factors such as increasing regulatory restrictions on phthalate-based plasticizers, growing awareness about the harmful effects of phthalates on health and the environment, and rising demand for sustainable and eco-friendly plasticizers. The market is also influenced by technological advancements in the production of non-phthalate plasticizers and the growing adoption of bio-based plasticizers.

Segments and Related Analysis

The non-phthalate plasticizers market is segmented based on product type, application, and region. By product type, the market is divided into bio-based plasticizers and synthetic plasticizers. In terms of application, the market is categorized into automotive, construction, packaging, and others. Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By Region Analysis

- North America: North America is expected to hold a significant market share in the non-phthalate plasticizers market due to stringent regulations on phthalates and the increasing demand for sustainable plasticizers in various industries.
- Europe: Europe is also a key region in the market, driven by the presence of major players, growing environmental concerns, and high adoption of eco-friendly plasticizers.
- Asia Pacific: The Asia Pacific region is expected to witness rapid growth in the market, fueled by the expanding automotive and construction industries, along with the increasing focus on sustainable products.
- Latin America: Latin America is poised to experience steady growth in the market, driven by changing regulations and the rising demand for non-toxic plasticizers.
- Middle East & Africa: The Middle East & Africa region is expected to show promising growth opportunities due to infrastructure development projects and the increasing awareness about environmentally friendly plasticizers.

Key Market Players and Competitive Landscape

Some of the key players in the non-phthalate plasticizers market include Eastman Chemical Company, BASF SE, ExxonMobil Corporation, LG Chem Ltd., and Evonik Industries AG. These companies are focusing on product development, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their product portfolio.

Recent Happenings in the Non Phthalate Plasticizers Market

- In January 2021, Eastman Chemical Company introduced a new non-phthalate plasticizer for the automotive industry, aimed at reducing VOC emissions and enhancing sustainability.
- In March 2021, BASF SE launched a bio-based plasticizer for packaging applications, catering to the growing demand for eco-friendly solutions.
- In August 2021, ExxonMobil Corporation announced the expansion of its non-phthalate plasticizers production capacity to meet the increasing market demand and strengthen its presence in the industry.
- In October 2021, LG Chem Ltd. collaborated with a leading research institute to develop innovative bio-based plasticizers for various applications, showcasing its commitment to sustainability.
- In December 2021, Evonik Industries AG introduced a range of high-performance synthetic plasticizers for the construction sector, enhancing durability and flexibility in building materials.

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