Non-phthalate Plasticizer Market to Reach $4.53 Billion by 2022 - Rising Demand in Different Potential Applications is Fueling Growth

The Non-Phthalate Plasticizer Market is expected to reach $4.53 billion, at a CAGR of 8.7% from 2017 to 2022.

Implementation of stringent regulations pertaining to the use of phthalate plasticizers is a key factor expected to fuel the growth of the non-phthalate plasticizer market. Rising demand in different potential applications is expected to further drive the demand for non-phthalate plasticizers. However, rising prices of raw materials, such as adipic acid is a key challenge for the growth of the market. The use of a high-cost non-phthalate plasticizer will invariably increase the cost of the end products, which can lead to manufacturers switching to other materials over non-phthalates.

The flooring & wall coverings segment was the largest application segment of non-phthalate plasticizer market in 2016, owing to the increasing use of non-phthalate plasticizers in the construction industry. Non-phthalate plasticizers are used in the flooring application, as they can withstand heavy foot traffic such as in retail stores and repeated cleaning such as healthcare facilities.

Asia-Pacific is projected to be the fastest-growing market for non-phthalate plasticizers, in terms of both value and volume during the forecast period. China and South Korea are the two key markets for non-phthalate plasticizers in Asia-Pacific. Increasing construction activities and a growing electronics industry are expected to support the growth of the non-phthalate plasticizers in the flooring & wall coverings and wire & cable applications in the country.

Companies Mentioned:

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Non-Phthalate Plasticizers Market, By Type

7 Non-Phthalate Plasticizers Market, By Application

8 Non-Phthalate Plasticizers Market, By Region

9 Competitive Landscape

10 Company Profile

For more information about this report visit https://www.researchandmarkets.com/research/nvc4jh/nonphthalate

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