According to estimates, the worldwide market for phthalate and non-phthalate plasticizers will grow from US$ 14,432.6 million in 2023 to US$ 22,968.9 million in 2033. Through 2033, the market’s overall sales are projected to grow at a 4.8% CAGR.

Rapid adoption of phthalate and non-phthalate plasticizers across various industries will continue to drive the global market forward.

The shift towards bio-based plasticizers is emerging as a key trend that will bolster sales during the projection period.

Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-17098

Traditional phthalate plasticizers have been linked to negative health effects and environmental concerns. Hence, non-toxic alternatives that are sustainable and safer for human health & the environment such as non-phthalate plasticizers are coming into spotlight.

Increasing demand for non-phthalate plasticizers from automotive, aerospace, and building & construction industries will boost the market during the forecast period.

Rising trend of lightweight vehicles and energy-efficient buildings will play a key role in uplifting product demand through 2033. Plasticizers are commonly used to improve the flexibility, durability, and workability of plastics, which are widely used in the automotive and building industries.

The trend towards lightweight vehicles and energy-efficient buildings is driving demand for plasticizers. This is because manufacturers seek to create more flexible, durable, and high-performance materials that can meet the changing needs of these industries.

Increasing adoption of medical devices presents an opportunity for non-phthalate plasticizers. This is because of the potential health risks associated with phthalate plasticizers.

Non-phthalate plasticizers are now being used in a wide range of medical devices, including IV bags, tubing, and other flexible plastic components. These plasticizers offer several advantages, including better compatibility with certain polymers, improved flexibility, and reduced leaching into the surrounding environment.

Elevate Your Understanding – Request the Complete Report Methodology for Exclusive Insights! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-17098

Key Takeaways from the Market:

  • The global phthalate and non-phthalate plasticizers market will reach around US$ 22,968.9 million by 2033
  • Global sales of phthalate and non-phthalate plasticizers are projected to rise at 8% through 2033.
  • By product type, non-phthalate plasticizers segment is forecast to expand at a CAGR of around 3%.
  • Based on application, cables & wires segment is likely to exhibit a CAGR of 5% from 2023 to 2033.
  • China phthalate and non-phthalate plasticizers market value is estimated to reach US$ 7,805.8 million by 2033.
  • Phthalate and non-phthalate plasticizer demand in India is projected to increase at around 4% CAGR through 2033.
  • BASF SE, Exxon Mobil Corporation, Eastman Chemical Company, Lanxess AG, and Evonik Industries AG are the top players, accounting for a share of nearly 20% in the global market.

“Growing demand for non-toxic plasticizers and increasing demand from medical industry are key factors driving growth in this market. Manufacturers are likely to find lucrative opportunities for non-phthalate plasticizers that are sustainable, light-weight, durable and cost-effective. This is because such products would find widespread use across numerous industries like automotive and construction..” says a lead FMI analyst.

Who is Winning?

BASF SE, Exxon Mobil Corporation, Evonik Industries AG, Eastman Chemical Company, Lanxess AG, Hanwha Group, Sasol Ltd., Hallstar, Aarti Industries, New Japan Chemical Co., Ltd., Bluesail Group, Henan Qing’an Chemical Hi-Tech Co., Ltd., Polynt S.p.A., Aekyung Chemical Co. Ltd., UPC Technology Corporation, KLJ Group, Shandong Hongxin Chemicals Co., Ltd., LG Chem, Perstorp Holding AB, and others are few of the leading manufacturers of phthalate and non-phthalate plasticizers profiled in the full version of the report.

Key players are focusing on expanding their production capacity to increase their market presence. To secure long-term demand, top players are also entering into long-term supply agreements with key industries. Companies are also concentrating on establishing new facilities to meet rising demand from various industries.

For instance,

  • In July 2022, Polynt Group announced that the company will build a new plant for its trimellitates plasticizer in Mexico. The mechanical completion of the plant will end by the end of 2023 and the plant will run to its full capacity in the first quarter of 2024.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights: https://www.futuremarketinsights.com/checkout/17098

Global Phthalate and Non-phthalate Plasticizers Market Segmentation

By Product Type:

  • Phthalate Plasticizers
  • Non-Phthalate Plasticizers

By Applications:

  • Wire and Cables
  • Flooring and Wall Coverings
  • Coatings
  • Films and Sheets
  • Consumer and Industrial Goods
  • Upholstery
  • Medical Products
  • Others

By End-use Industry:

  • Healthcare
  • Aerospace
  • Automotive
  • Building and Construction
  • Food and Beverage
  • Electrical and Electronics
  • Consumer Goods
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Leave a comment

Your email address will not be published. Required fields are marked *