Non-Phthalate Plasticizer Market is anticipated to grow at a CAGR of 6% during 2023-2028

iCrowd Newswire
01 Jun 2023, 00:50 GMT+10

The global non-phthalate plasticizer market is projected to reach $6.7 billion by 2028, at a CAGR of 6% during 2023-2028. The growth of non-phthalate plasticizer market is driven by stringent government regulations to ban phthalate plasticizer and development of non-phthalate plasticizer with better properties and toxicology profile.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the non-phthalate plasticizer market by product type (adipates, trimellitates, benzoates, epoxies, and others), application (flooring & wall coverings, wires & cables, films & sheets, coated fabrics, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the non-phthalate plasticizer market?

Q.4 What are some changing demands of customers in the non-phthalate plasticizer market?

Q.5 What are the new developments in the non-phthalate plasticizer market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this non-phthalate plasticizer area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this non-phthalate plasticizer market?

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Market Segmentation:

Based on product type, the non-phthalate plasticizer market is segmented into non-phthalate plasticizer market by product type, application, and region. The adipates segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to their versatile nature; they can be used in a wide range of applications, such as PVC films, cables, flooring, and other flexible PVC products.

APAC will remain the highest growth region due to rising population, rapid industrialization, and increasing demand for PVC in flooring & wall covering application in the region.

Key Players in the non-phthalate plasticizer market are BASF, Eastman Chemical Company, ExxonMobil, Evonik Industries, and DIC Corporation.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/non-phthalate-plasticizer-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. 972.636.5056

Tags: Non-phthalate Plasticizer Market, Non-phthalate Plasticizer Market Size, Non-Phthalate Plasticizer Market Industry