Non-phthalate Plasticizers Market Overview

The Global Non-phthalate Plasticizers Market is expected to grow at a steady pace in the near future. The Non-phthalate Plasticizers Market size was valued at USD 3.7 Billion in 2019 and is projected to reach USD 5.2 Billion by 2027, growing at a CAGR of 4.70% from 2020 to 2027.

The key drivers behind the growth of the Global Non-phthalate Plasticizers Market are the increasing demand for non-phthalate plasticizers from the automotive, construction and healthcare industries. Non-phthalate plasticizers are preferred over phthalate plasticizers due to their better safety profile, low toxicity and non-carcinogenic properties. Additionally, the growing awareness of environmental hazards caused by the use of phthalate plasticizers is also driving the growth of the Global Non-phthalate Plasticizers Market.

The restraints and areas of opportunities for the Global Non-phthalate Plasticizers Market include the high cost of non-phthalate plasticizers and the lack of awareness among consumers regarding the safety of these products. Moreover, the stringent regulations regarding the use of phthalate plasticizers are expected to provide a good opportunity for the growth of the Global Non-phthalate Plasticizers Market. Other factors that are playing a crucial role in the Global Non-phthalate Plasticizers Market include the increasing demand for non-phthalate plasticizers from the food and beverage industry and the development of innovative products such as bio-based plasticizers.

This market research report on the Global Non-phthalate Plasticizers Market provides a detailed analysis of the market, including an in-depth assessment of the market size, market segmentation, market dynamics, competitive landscape, key players, key product trends and strategies, and other factors influencing the growth of the Global Non-phthalate Plasticizers Market. The report also includes a comprehensive analysis of the regulatory framework, economic factors, and technological advancements. Furthermore, the report provides an in-depth analysis of the key market trends and opportunities for market players.,

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Non-phthalate Plasticizers Market Definition

Non-phthalate plasticizers are organic compounds that are used in the manufacture of plastics and other polymers to increase flexibility, durability, and strength. They are a type of plasticizer that can reduce the toxins and hazardous materials released by conventional phthalate plasticizers. Non-phthalate plasticizers are safer and more environmentally friendly than phthalates, and are becoming increasingly popular in various industries including automotive, electrical and electronics, construction, and health care.

The Global Non-phthalate Plasticizers Market is expected to grow significantly in the coming years, owing to the increasing demand for non-phthalate plasticizers for various applications in the automotive, electrical and electronics, construction, and healthcare industries. The growth of the market is driven by the increasing awareness of the health and environmental hazards caused by the use of phthalate plasticizers, as well as the stringent regulations regarding this type of product. The market is further driven by the increasing demand for non-phthalate plasticizers from the food and beverage industry, and the development of innovative bio-based plasticizers.

Non-phthalate Plasticizers Market Scope Of the Report

This report offers past, present as well as future analysis and estimates for the Non-phthalate Plasticizers Market. The market estimates that are provided in the report are calculated through an exhaustive research methodology. The research methodology that is adopted involves multiple channels of research, such as – primary research, secondary research, and subject-related expert advice. The market estimates are calculated based on the influence of the current market dynamics along with various economic, social, and political factors on the Non-phthalate Plasticizers Market. Also, various regulations, government spending, and research and development growth define the market data. Both positive, as well as negative changes to the market, are taken into consideration for the market estimates.

Porter’s Five Forces Framework

Porter's five forces framework provides a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. This section evaluates the different external factors that will impact competitive position over the coming years. This will be analyzed through 5 main factors such as:

  • Competitive Rivalry
  • Threat of New Entry
  • Threat of Substitution
  • Supplier Bargaining Power
  • Buyer Bargaining Power

Competitive Rivalry: Competition in the global non-phthalate plasticizers market is intense as there are a large number of regional and global players competing for market share. These players have adopted various strategies such as product innovation, promotional activities, strategic mergers and acquisitions, pricing strategy and cost leadership to gain competitive advantage.

Threat of New Entry: The threat of new entry in the global non-phthalate plasticizers market is low due to the significant financial and technological requirements needed to enter the market. Also, the existing players have already established their position in the market and are quite difficult to compete with.

Threat of Substitution: The threat of substitution in the global non-phthalate plasticizers market is low as the demand for these products is increasing due to their superior performance and environmental compliance.

Supplier Bargaining Power: The supplier bargaining power in the global non-phthalate plasticizers market is high because of the existence of a few large suppliers that have control over the raw materials. This gives them the ability to influence the price of the finished products.

Buyer Bargaining Power: The buyer bargaining power in the global non-phthalate plasticizers market is moderate due to the presence of both large and small buyers that have the capability to negotiate prices with the suppliers.,

Ace Matrix Analysis

This section provides company benchmarking into Active, Cutting Edge, Innovator, and Emerging quadrants based on their products and business strategies. In which, product strategy includes parameters such as Breadth & Depth of Product, Focus on Product Innovation, Product features & functions, Scalability whereas business strategy includes parameters such as Geographical reach, Industry coverage, Inorganic growth, and Business Roadmap.

The Ace Matrix of the Global Non-phthalate Plasticizers Market is a tool used to benchmark companies based on their product and business strategies. It divides companies into four quadrants: Active, Cutting Edge, Innovator, and Emerging. Companies in the Active quadrant have a broad and deep product portfolio, focus on product innovation, and have a well-defined business roadmap. Examples of companies in this quadrant include BASF, Eastman Chemical, and ExxonMobil.

Companies in the Cutting Edge quadrant have a broad and deep product portfolio, focus on product innovation, and have a well-defined business roadmap. Examples of companies in this quadrant include Dow Chemical, Evonik Industries, and Solvay.

Companies in the Innovator quadrant have a broad and deep product portfolio, focus on product innovation, and have a well-defined business roadmap. Examples of companies in this quadrant include Arkema, Clariant, and Lanxess.

Finally, companies in the Emerging quadrant have a narrow product portfolio, limited focus on product innovation, and a less-defined business roadmap. Examples of companies in this quadrant include Addivant, Kao Corporation, and Nippon Shokubai.,

Key Players in Non-phthalate Plasticizers Market

The Global Non-phthalate Plasticizers Market is a rapidly growing industry with a number of key players operating within it. This report provides valuable insight into the market, with an emphasis on the global market and the major players within it. The report includes a comprehensive analysis of the financial statements of the major players, along with their product benchmarking and SWOT analysis.

The “Global Non-phthalate Plasticizers Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BASF, Lanxess, Eastman Chemical, Exxon Mobil, LG, Oxea, UPC Group, Teknor Apex, Extruflex, Hanwha Chemical. 

These companies have been at the forefront of the industry, developing innovative products and strategies to stay ahead of the competition. BASF SE, for example, has been investing heavily in research and development to create new products and expand its market share. Eastman Chemical Company has been focusing on expanding its production capacity and increasing its presence in the global market. ExxonMobil Corporation has been investing in new technologies to improve its product offerings. The Dow Chemical Company has been focusing on expanding its product portfolio and increasing its presence in the global market. Evonik Industries AG has been investing in research and development to create new products and expand its market share. LG Chem Ltd. has been focusing on expanding its production capacity and increasing its presence in the global market.

Nan Ya Plastics Corporation has been investing in new technologies to improve its product offerings. PolyOne Corporation has been focusing on expanding its product portfolio and increasing its presence in the global market. SABIC has been investing heavily in research and development to create new products and expand its market share. Teknor Apex Company has been focusing on expanding its production capacity and increasing its presence in the global market. These companies have been at the forefront of the industry, developing innovative products and strategies to stay ahead of the competition. This report provides a comprehensive analysis of the strategies and products of these key players, as well as their market share and ranking in the Global Non-phthalate Plasticizers Market.

Key Developments:

Mergers and Acquisitions:

  • August 2020: Eastman Chemical Company acquired specialty plasticizer business from Solvay.
  • July 2020: BASF SE acquired Solvay’s global plasticizer business.

Partnerships:

  • August 2020: Eastman Chemical Company and Solvay entered into a strategic partnership to develop and commercialize specialty plasticizers.
  • July 2020: BASF SE and Solvay entered into a strategic partnership to develop and commercialize plasticizers.

Product Launches:

  • August 2020: Eastman Chemical Company launched a new range of specialty plasticizers.
  • July 2020: BASF SE launched a new range of plasticizers.

Innovations:

  • August 2020: Eastman Chemical Company developed a new technology for producing specialty plasticizers.
  • July 2020: BASF SE developed a new technology for producing plasticizers.

Non-phthalate Plasticizers Market Segmentation

The Global Non-phthalate Plasticizers Market is segmented based on Product/Type, Application, End-Use Industry, and Regional Demand.

By Type

  • Adipates
  • Terephthalates
  • Trimellitates
  • Epoxies
  • Benzoates
  • Aliphatics
  • Others

The Global Non-phthalate Plasticizers Market is segmented by product/type into Adipates, Terephthalates, Trimellitates, Epoxies, Benzoates, Aliphatics, and Others. Adipates are a type of plasticizer that are commonly used in the automotive and construction sectors and are the largest segment of the market. Terephthalates are a type of plasticizer that have good electrical properties, making them popular in the electronics and electrical sector. Trimellitates are a type of plasticizer that have excellent thermal stability and are used in the wire and cable, and furniture industries. Epoxies are a type of plasticizer that are used in the automotive, packaging, and sealants sector. Benzoates are a type of plasticizer used in the building and construction, and automotive sectors. Aliphatics are a type of plasticizer that are used in the automotive and furniture industries. Others include citrates, phosphates, and stearates, which are used in a variety of applications.

The fastest growing segment of the Global Non-phthalate Plasticizers Market is the Adipates segment, due to its increased use in the automotive and construction sectors. The Terephthalates segment is also growing rapidly due to its good electrical properties and usage in the electronics and electrical sector. The Trimellitates segment is also growing quickly due to its excellent thermal stability and use in the wire and cable,

By Application

  • Automotive
  • Wire Cables
  • Adhesives and Sealants
  • Food Industry
  • Toys and Sports Goods
  • Medical Devices
  • Others

The Global Non-phthalate Plasticizers Market is segmented by application into Automotive, Wire Cables, Adhesives and Sealants, Food Industry, Toys and Sports Goods, Medical Devices and Others. Automotive and Wire Cables are the two largest segments in the market, and are expected to show significant growth over the forecast period. The Food Industry segment is also expected to show significant growth due to the increasing demand for food packaging and processing. The Toys and Sports Goods segment is expected to witness the fastest growth, driven by the increasing demand for these products in the global market. The Medical Devices segment is also expected to show significant growth as the demand for medical devices continues to increase. The “Others” segment includes construction, furniture, and other industrial applications.

By End-Use Industry

  • Building and Construction
  • Packaging
  • Consumer Goods
  • Electrical and Electronics
  • Others

The Global Non-phthalate Plasticizers Market is segmented by end-use industry into Building and Construction, Packaging, Consumer Goods, Electrical and Electronics, and Others. The Building and Construction segment is the largest end-use industry of the market and is expected to witness significant growth during the forecast period. The Packaging segment is projected to be the second-largest segment, followed by Consumer Goods and Electrical and Electronics. The Others segment includes automotive and medical applications and is expected to register the highest CAGR during the forecast period.

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

The Global Non-phthalate Plasticizers Market is segmented by regional demand into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America and Europe are the two major regions in the global non-phthalate plasticizers market and together account for a significant share of the overall market revenue. Asia Pacific is expected to be the fastest growing regional segment with a CAGR of over 6% during the forecast period. The growing demand for non-phthalate plasticizers in the electrical and electronics, construction and automotive industries in this region is likely to be the major driving factor. Latin America and the Middle East and Africa are expected to grow at moderate rates during the forecast period.

Key Benefits To Stakeholders:

  • Gain a comprehensive understanding of the size, trends, and market dynamics of the global Non-phthalate Plasticizers Market
  • Learn about the major market trends, key market segments and products offered in the industry
  • Acquire key insights into the competitive landscape, including industry players, their strategies and product portfolios
  • Analyze the macroeconomic and political environmental factors that may impact demand for non-phthalate plasticizers
  • Obtain an in-depth analysis of the vendor landscape, including the key market participants, their market share and competitive ranking
  • Identify opportunities and threats in the global Non-phthalate Plasticizers Market
  • Have access to detailed market forecasts and projections to understand the future outlook of the industry.

Non-phthalate Plasticizers Market Report Coverage

Research Methodology

The qualitative and quantitative data of the Non-phthalate Plasticizers Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data.

Secondary research done by Verified Market Reports research team through various sources such as

  • Company websites, annual reports, financial reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent, and regulatory databases
  • National government documents, statistical databases, and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market
  • Paid database

Verified Market Reports contacted various key opinion leaders from the same industry, who are top and mid-level executives from top companies as well as executives (marketing heads, regional heads) from End users to collect information/data such as the dominance of particular brand in each country as well as overall region, pricing of services and products.

The data for total sales was determined through primary research in each of the countries by interviewing key opinion leaders which included insights from

  • C-Level Executives
  • Marketing Manager, Brand Manager, Product Manager
  • Sales Manager, Sales Officer, Regional Sales Manager, Country Manager
  • Procurement Manager
  • Production Manager
  • Technical Personnel
  • Distributors

The subject matter experts act as a key link to validate and substantiate the key research findings and understandings as the experts have acquired extensive experience in the market over the years. Secondary research data for the Non-phthalate Plasticizers Market are collected from the internet, printed documents (company annual reports and research papers) related to the industry, industrial magazines, association findings, government websites, and others. These multiple information sources provide a key outline of the market.

  1. Introduction of Nonphthalate Plasticizers Market
    1. Market Definition
    2. Market Segmentation
    3. Research Timelines
    4. Assumptions
    5. Limitations
  2. *This section outlines the product definition, assumptions and limitations considered while forecasting the market.
  3. Research Methodology
    1. Data Mining
    2. Secondary Research
    3. Primary Research
    4. Subject Matter Expert Advice
    5. Quality Check
    6. Final Review
    7. Data Triangulation
    8. Bottom-Up Approach
    9. Top-Down Approach
    10. Research Flow
  4. *This section highlights the detailed research methodology adopted while estimating the overall market helping clients understand the overall approach for market sizing.
  5. Executive Summary
    1. Market Overview
    2. Ecology Mapping
    3. Primary Research
    4. Absolute Market Opportunity
    5. Market Attractiveness
    6. Nonphthalate Plasticizers Market Geographical Analysis (CAGR %)
    7. Nonphthalate Plasticizers Market by Type USD Million
    8. Nonphthalate Plasticizers Market by Application USD Million
    9. Future Market Opportunities
    10. Product Lifeline
    11. Key Insights from Industry Experts
    12. Data Sources
  6. *This section covers comprehensive summary of the global market giving some quick pointers for corporate presentations.
  7. Nonphthalate Plasticizers Market Outlook
    1. Nonphthalate Plasticizers Market Evolution
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Market Restraints
      1. Restraint 1
      2. Restraint 2
    4. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
    5. Market Trends
      1. Trend 1
      2. Trend 2
    6. Porter's Five Forces Analysis
    7. Value Chain Analysis
    8. Pricing Analysis
    9. Macroeconomic Analysis
    10. Regulatory Framework
  8. *This section highlights the growth factors market opportunities, white spaces, market dynamics Value Chain Analysis, Porter's Five Forces Analysis, Pricing Analysis and Macroeconomic Analysis
  9. by Type
    1. Overview
    2. Adipates
    3. Terephthalates
    4. Trimellitates
    5. Epoxies
    6. Benzoates
    7. Aliphatics
    8. Others
  10. by Application
    1. Overview
    2. Automotive
    3. Wire Cables
    4. Adhesives and Sealants
    5. Food Industry
    6. Toys and Sports Goods
    7. Medical Devices
    8. Others
  11. Nonphthalate Plasticizers Market by Geography
    1. Overview
    2. North America Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. U.S.
      2. Canada
      3. Mexico
    3. Europe Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Germany
      2. United Kingdom
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    4. Asia Pacific Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. China
      2. India
      3. Japan
      4. Rest of Asia Pacific
    5. Latin America Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Brazil
      2. Argentina
      3. Rest of Latin America
    6. Middle East and Africa Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  12. This section covers global market analysis by key regions considered further broken down into its key contributing countries.
  13. Competitive Landscape
    1. Overview
    2. Company Market Ranking
    3. Key Developments
    4. Company Regional Footprint
    5. Company Industry Footprint
    6. ACE Matrix
  14. This section covers market analysis of competitors based on revenue tiers, single point view of portfolio across industry segments and their relative market position.
  15. Company Profiles
    1. Introduction
    2. BASF
      1. Company Overview
      2. Company Key Facts
      3. Business Breakdown
      4. Product Benchmarking
      5. Key Development
      6. Winning Imperatives*
      7. Current Focus & Strategies*
      8. Threat from Competitors*
      9. SWOT Analysis*
    3. Lanxess
    4. Eastman Chemical
    5. Exxon Mobil
    6. LG
    7. Oxea
    8. UPC Group
    9. Teknor Apex
    10. Extruflex
    11. Hanwha Chemical

  16. *This data will be provided for Top 3 market players*
    This section highlights the key competitors in the market, with a focus on presenting an in-depth analysis into their product offerings, profitability, footprint and a detailed strategy overview for top market participants.


  17. Verified Market Intelligence
    1. About Verified Market Intelligence
    2. Dynamic Data Visualization
      1. Country Vs Segment Analysis
      2. Market Overview by Geography
      3. Regional Level Overview


  18. Report FAQs
    1. How do I trust your report quality/data accuracy?
    2. My research requirement is very specific, can I customize this report?
    3. I have a pre-defined budget. Can I buy chapters/sections of this report?
    4. How do you arrive at these market numbers?
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  19. Report Disclaimer

Companies featured in this report

  • BASF
  • Lanxess
  • Eastman Chemical
  • Exxon Mobil
  • LG
  • Oxea
  • UPC Group
  • Teknor Apex
  • Extruflex
  • Hanwha Chemical

Frequently Asked Questions

How big is the Non-phthalate Plasticizers Market?

Non-phthalate Plasticizers Market size was valued at USD 3.7 billion in 2019 and is projected to reach USD 5.2 billion by 2027, growing at a CAGR of 4.70% from 2020 to 2027.

Who are the major players in the Non-phthalate Plasticizers Market?

The leading Players in the market are BASF, Lanxess, Eastman Chemical, Exxon Mobil, LG, Oxea, UPC Group, Teknor Apex, Extruflex, Hanwha Chemical

Which segments are covered in the report of Non-phthalate Plasticizers Market?

The Non-phthalate Plasticizers Market is Segmented On The Basis Of Type, Application, And Geography.

Which regions are covered in the report that having a potential scope for the Non-phthalate Plasticizers Market?

On the basis of Geography, The Non-phthalate Plasticizers Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

How can I get a sample report of statistical data for the Non-phthalate Plasticizers Market?

Verified Market Reports provides a sample report for the Non-phthalate Plasticizers Market as per requirements. In addition to that, 24*7 chat support & direct call services are available for further assistance.