The global non-phthalate plasticizers market size is expected to reach USD 4.41 billion by 2030, registering a CAGR of 4.25% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global building and construction industry is expanding, and this, together with the growing use of non-phthalate plasticizers in wall coverings and flooring, is greatly driving the market's expansion.

The market for non-phthalate plasticizers is expanding due to two main factors: growing customer demand for safer substitutes and regulatory limitations. As worries about phthalates' possible effects on human health and the environment grow, strict regulations restrict their use in a variety of industries. Furthermore, non-phthalate plasticizers are becoming more and more popular as consumsers become more conscious of the dangers of toxic chemicals in products and make that preference. The shift to safer alternatives feeds market expansion as companies look for compliance solutions while satisfying customer expectations for health- and environmentally-conscious products, improving the market prospects for non-phthalate plasticizers.

The report “Non-phthalate Plasticizers Market Size, Share & Trends Analysis Report By Type (Adipates, Trimellitates, Benzoates, Epoxies), By Application (Flooring & Wall Coverings, Wires & Cables), By Region, And Segment Forecasts, 2024 – 2030” is available now to Grand View Research customers and can also be purchased directly

The market competition and formulation complexity are the two main hurdles that the non-phthalate plasticizers sector must overcome. It could be difficult for producers to provide performance-standard formulas at a reasonable cost. Market share is also threatened by competition from alternative plasticizers, such as those based on biotechnology and phthalates. In addition, managing intricate regulatory frameworks and guaranteeing adherence to developing guidelines present continuous difficulties. To surmount these challenges and maintain a competitive edge in the ever-evolving non-phthalate plasticizers market, strategic differentiation must be given top priority, along with research and development expenditures and ongoing innovation initiatives.

Non-phthalate Plasticizers Market Report Highlights:

·        Adipates segment held the largest market share of 45.73% in 2023. Adipates are widely used due to their exceptional flexibility and performance in low-temperature conditions, making them suitable for products that require durability in variable climates

·        The packaging industry is another major user of non-phthalate plasticizers, particularly in the production of films and sheets. These materials benefit from the plasticizers' ability to improve flexibility, transparency, and overall performance, making them suitable for a wide range of packaging applications, from food packaging to industrial wraps

·        In North America, the non-phthalate plasticizers market is driven by stringent regulatory standards set by agencies such as the U.S. Environmental Protection Agency (EPA) and the Consumer Product Safety Commission (CPSC). These regulations mandate the reduction of harmful chemicals in consumer products, leading to a surge in demand for safer, non-toxic alternatives

Order your free sample copy of “Non-phthalate Plasticizers Market Report 2024 - 2030, published by Grand View Research

Non-phthalate Plasticizers Market Segmentation

Grand View Research has segmented the global non-phthalate plasticizers market based on type, application, and region:

Non-phthalate Plasticizers Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

• • Adipates
  • Trimellitates
  • Benzoates
  • Epoxies
  • Others

Non-phthalate Plasticizers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

• • Flooring & wall coverings
  • Wires & cables
  • Films & sheets
  • Coated fabrics
  • Consumer goods
  • Others

Non-phthalate Plasticizers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

• • North America

• • • U.S.
    • Canada
    • Mexico

• • Europe

• • • Germany
    • UK
    • France
    • Spain
    • Italy

• • Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

• • Central & South America

§  Brazil

§  Argentina

• • MEA

§  South Africa

§  Saudi Arabia

List of Key Players in the Non-phthalate Plasticizers Market

• BASF
• Eastman Chemical Company
• ExxonMobil
• Evonik Industries
• DIC Corporation
• Perstorp
• Lanxess AG
• KLJ Group
• Polynt
• Mitsubishi Chemical Corporation

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058
Email:  sales@grandviewresearch.com