The global non-pvc plasticizers market size was valued at USD x billion in 2021 and is poised to grow at a significant x CAGR of during the forecast period 2022-28. Plasticizers that are free of phthalates are known as non-phthalate plasticizers. Non-phthalate plasticizers are being used to soften PVC products while also increasing product strength. Non-phthalate plasticizers are made from petroleum or bio-based materials and have a low impact on the human body. DOTP (diethylehexyl terephthalate, aka DEHT), Hexamoll DINCH (diisononyl cyclohexane dicarboxylate), and bio-based plasticizers based on soya oil and vegetable oil are only a few examples of non-phthalates. The global plasticizers market has been severely harmed by the COVID-19 pandemic. The pandemic's epicentre was China, which had a significant rippling effect throughout the worldwide supply chain. China is a key provider of raw materials as well as plasticizers. The overall industry revenues have been harmed by a significant stagnation in raw material and end-product supply.
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The Non-PVC Plasticizers Market is likely to be driven by rising demand for flexible PVC for various applications such as flooring and wall coverings, coated fabrics, film and sheet, wire & cable, and consumer goods, as well as expanding packaging industries in the coming years. In addition, the market is expected to grow in the approaching years due to ongoing plasticizer innovation and rising demand from the building industry. Furthermore, the market is expected to be fueled by increased adoption of non-phthalate and high molecular weight phthalate plasticizers, as well as an increase in demand for bio-based materials throughout the estimated period. Despite the detrimental impact of the COVID-19 pandemic on the market, the market is projected to see many developments in terms of significant businesses investing in capacity expansion. Several industry players are putting more emphasis on forming effective collaborations, mergers, and/or joint ventures in order to expand their respective consumer bases. These players are boosting their supply capacities as a result, allowing them to meet client demands on a local and worldwide basis.
The global non pvc plasticizers market segmentation:
- By Type: Trimellitates, Adipates, Benzoates, Epoxies and Others
- By Application: Wire & Cable, Consumer Goods, Film & Sheet, Coated Fabric Flooring and Wall Coverings and Others
The global market for non-PVC plasticizers is rapidly expanding in Europe and Asia Pacific. Several pharmaceutical companies in this region have stepped up their clinical research efforts in order to provide higher-quality medicinal products. This aspect is propelling the non-PVC plasticizers market in these regions. Aside from that, a strong healthcare industry in both regions is one of the main factors driving demand for non-PVC plasticizers.
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There are several industry players working in the Non-PVC Plasticizers Market, which include Vertellus Holdings LLC, Velsicol Chemical, LLC, Synegis Bvba, Polyone Corporation, Myriant Corporation
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