BASF SE inaugurated a new production plant in Texas with a production capacity of around 60,000 MTPA in 2017. This was a part of the company’s strategic plan to expand across new regions and tap into new customer segments. This expansion was aimed at catering to the evolving demand for non-ortho phthalate plasticizers across key countries in North America. Also, BASF accounts for a substantial share in North America Non- PVC plasticizers market, driven by a robust product portfolio.
Eastman Chemical Company introduced its exclusively new portfolio of non-phthalate plasticizers in 2016 that consists of high-performance products. Moreover, these products are claimed to offer high-scale efficiency, enhanced dry time, & reduced viscosity, which makes it an ideal product for multimodal end-use applications.
The leading players operating in the Non-PVC Plasticizers market report remain focused on strategic developments, including novel product developments, expansions, and collaborations. In addition, manufacturers are investing in research and development activities to push their performance boundaries and offer innovative and advanced products for challenging applications.
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Plastic additives have gained immense popularity in plastic manufacturing, owing to their broad role in making essential modifications. Additives are not only sought-after for modifying the appearance of plastics, but they are also used for boosting strength of plastics.
Just as additives make the plastics stronger, they are much in demand for reducing weight of finished plastic products and are getting prominently used in automotive plastics. These factors are likely to drive growth of Non-PVC Plasticizers market in the forthcoming years.
Apart from the potential for substantial cost savings on multiple fronts, additives are also being desired for the environmental benefits offered. This, in turn, is likely to create favourable grounds for growth of Non-PVC Plasticizers market.
Spurring investments for inflow of advanced pharmaceutical products in the leading countries across Europe & Asia Pacific are laying the foundation for adoption of Non-PVC Plasticizers. Spurring investments in clinical research continues to be one among the key factors contributing to growing sales of Non-PVC Plasticizers for medical products. In addition, wide-spread presence of healthcare institutions and clinical research labs continues to fuel investments in Non-PVC Plasticizers.
Moreover, resurgence of infrastructural development initiatives is creating a healthy demand for paints & coatings with high-performance additives, including Non-PVC Plasticizers. Flourishing growth of floral extract for cosmetics and personal care and other personal care products is also likely to propel adoption of Non-PVC Plasticizers, owing to their ability to dissolve fragrances of products.
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High-performance adhesives find extensive applications in multiple areas owing to their colossal bond strength and lightweight. The rising demand for high-performance adhesives and sealants is estimated to foster adoption of plasticizers, as they form an integral part of many adhesives and sealants.
Use of plasticizers in adhesive and sealants is growing at an unprecedented rate to enhance the workability and flexibility attributes, favouring the growth of Non-PVC Plasticizers market. Moreover, use of plasticizers also has deep-rooted influences on key aspects of adhesives and sealants, such as viscosity and transition temperature, which are pivotal in improving the performance levels.
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The non PVC plasticizers market is predicted to grow at 4.6% CAGR through 2032.
Europe non PVC plasticizers market holds the highest revenue potential.
The non PVC plasticizers market size is anticipated to be over USD 3.24 Billion in 2022.
The non PVC plasticizers market is expected to surpass USD 5.08 Billion by 2032.
1. Executive Summary 2. Market Introduction 3. Market Background 4. Global Non-PVC Plasticizers Market Forecast 5. Global Non-PVC Plasticizers Market Analysis By Product Type 5.1. Phthalates 5.1.1. LMW Phthalates 5.1.2. HMW Phthalates 5.2. Trimellitates 5.3. Tetrapthaletes 5.4. Aliphatic 5.5. Cyclohexanoates 5.6. Benzoates 6. Global Non-PVC Plasticizers Market Analysis By Application 6.1. Paints & Coatings 6.2. Rubber Products 6.3. Adhesives & Sealants 6.4. Personal Care Products 6.5. Medical Products 6.5.1. Bags 6.5.2. Tubing 6.5.3. Gloves 6.6. Household Products 7. Global Non-PVC Plasticizers Market Analysis By Region 7.1. North America 7.2. Latin America 7.3. China 7.4. Japan 7.5. Europe 7.6. MEA 7.7. SEA and Other APAC 8. North America Non-PVC Plasticizers Market Analysis 9. Latin America Non-PVC Plasticizers Market Analysis 10. Europe Non-PVC Plasticizers Market Analysis 11. South East Asia & Pacific Non-PVC Plasticizers Market Analysis 12. Middle East and Africa Non-PVC Plasticizers Market Analysis 13. China Non-PVC Plasticizers Market Analysis 14. Japan Non-PVC Plasticizers Market Analysis 15. Research Methodology 16. Assumptions & Acronyms Used
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Non PVC Plasticizers Market
