The global non-phthalate plasticizers market was valued at USD 2.75billion in 2016 and is projected to reach USD 6.30billion by 2025, growing at a CAGR of 8.6% from 2017 to 2025.
Plasticizers are additives that are used in plastic manufacturing to improve the viscosity and plasticity of the material. The growing pollution problems surrounding phthalate plasticizers has increased the demand for non-phthalate derivatives. The growing application in the building & construction industry is expected to boost market demand over the forecast period.
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1. Market Drivers
1.1 Product innovation in non-phthalate plasticizers
1.2 Growing regulatory pressure to ban phthalate plasticizers
2. Market Restraints
2.1 High price of non-phthalate plasticizers
The global non-phthalate plasticizers market is segmented on the basis of product, application, and region.
1. By Product:
2. By Application:
2.1 Floorings & Wall Coverings
2.2 Consumer Goods
2.3 Wire & Cable
2.4 Film & Sheet
2.5 Coated Fabric
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Eastman Chemical Company
2. LG Chem Ltd.
3. Lanxess AG
4. UPC Technology Corporation
5. DIC Corporation
7. OXEA Corporation
8. Aekyung Petrochemical Co. Ltd.
9. KAO Corporation
10. Perstorp Holding AB
11. The Hallstar Company
12. Jiangsu Zhengdan Chemical Industry Co., Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the non-phthalate plasticizers market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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