Phthalate Plasticizer Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2030

Phthalate Plasticizer Market Overview

Plasticizer compounds are compounds added to a polymer matrix to enhance its chemical properties and the flexibility of the plastic. It also lowers the grass transition temperature, melt velocity and elastic modulus of the polymer. The global plasticizer market is categorized into two types: Phthalate and non-phthalate plasticizers.

The market for Phthalate plasticizers is segmented on the basis of sub-types such as Dioctyl Phthalate (Dop), Diethylhexyl Phthalate (Dehp), Diisononyl Phthalate (Dinp), Diisodecyl Phthalate (Didp), Di (2-Propylheptyl) Phthalate (Dphp), Butyl Benzyl Phthalate (Bbp) and others.

The main applications of the plasticizer market is segmented into film and sheet coverings, flooring and wall, wires and cables, coated fabrics, consumer goods and also has applications in the fields of medicine, sport and adhesive and sealants.

Of these the wires and cables segment accounted for the largest usage of phthalate plasticizers in the electrical and cable industry for products such as insulation and jacketing for electrical conductors and insulation for fiber optic cables.

For Critical Insights, Request for PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-12635

Phthalate Plasticizer Market: Dynamics

Phthalate plasticizers used to account for approximately 60% of the total plasticizers market in 2016  and that number is estimated to be between 45%-55% at present. They are the most widely used plasticizers due to their availability at low cost. The demand for Phthalate plasticizers is led by Dioctyl Phthalate which used to account for 40% of the overall plasticizer market.

Earlier Phthalate based plasticizers dominated the industry holding 85% of the market share but recently due to stringent government regulations and rising health concerns have prompted consumers to shift toward bio plasticizers.

Many companies are voluntarily moving away from phthalate plasticizers, as increasing number of studies are exposing the health effects caused by use, and in order to encourage sustainability, are switching or are making transitions towards using safer, bio-degradable non-phthalate based plasticizers.

Phthalate plasticizers were essential to make soft PVC with better flexibility and durability but the plasticizer industry is currently focusing on introducing safer alternatives and renewable products that provide a more favorable environmental footprint.