Press release
Non-Phthalate Plasticizers Market Growth Outlook and Emerging Trends in Bio-Based Solutions Across Key Applications Through 2031
Non-Phthalate Plasticizers Market
The global Non-Phthalate Plasticizers market is estimated to reach over USD 4.94 billion by 2031, exhibiting a CAGR of 4.73% during the forecast period.
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Bio-plasticizers are additives distinguished by their high safety profile, biodegradability, and low toxicity, exhibiting fewer adverse effects compared to conventional synthetic alternatives. The global production and consumption of bio-based materials are anticipated to rise, driven by increasing demand across diverse end-use industries. These environmentally sustainable polymers are widely applied in the manufacturing of cables, plastic additives, and polymer surface coatings.
Rising consumer awareness regarding the detrimental effects of phthalates-such as dibutyl phthalate (DBP), benzyl butyl phthalate (BBP), dioctyl phthalate (DOP), and diethyl phthalate (DEP)-especially in emerging markets like China and India, is expected to fuel the demand for bio-based plasticizers. These bio-plasticizers provide notable advantages over traditional synthetic polymers, particularly in temperature resistance and electrical performance in cable manufacturing. Moreover, their derivation from renewable feedstocks, including succinic acid, castor oil, epoxidized soybean oil (ESBO), and citrates, contributes to a reduced carbon footprint, further strengthening their market attractiveness.
List of Prominent Players in the Non-Phthalate Plasticizers Market:
• Avient Corporation
• BASF SE
• DIC Corporation,
• Eastman Chemical Company
• Emerald Performance Materials
• Evonik Industries AG
• ExxonMobil,
• Ferro Corporation
• Harman Corporation
• Henan GO Biotech Co.,Ltd
• Kaifeng Jiuhong Chemical Co., Ltd.
• Kao Corporation
• KLG Group,
• LANXESS
• LG Chem
• Mitsubishi Chemical Corporation
• Nan Ya Plastics Corporation
• Perstop Lanxess AG,
• Perstorp
• Polynt,
• UPC Technology Corporation
• Valtris Specialty Chemicals
• Velsicol Chemical LLC
• Zhejiangjiaao Enprotech Stock Co., Ltd
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Market Dynamics:
Drivers:
Bio-plasticizers improve the strength and workability of concrete while reducing its water demand. These additives, typically composed of organic compounds or a blend of organic and inorganic materials, effectively lower water content, enhancing the mixture's workability. Generally, plasticizers are added at 0.1% to 0.4% of the cement's weight, resulting in increased workability (measured by a slump range of 3 to 8 cm) and a 5% to 15% reduction in water usage. Air entrainment by these plasticizers is typically less than 2%. In the United States, the overall cost of new construction rose from approximately USD 1,469 billion in 2020 to USD 1,590 billion in 2021, marking an 8% increase. This escalation in construction costs has contributed to heightened demand for flooring and wall covering materials, thereby driving the demand for bio-plasticizers.
Challenges:
Market growth may be constrained by several factors, including the higher cost of non-phthalate bio-plasticizers compared to traditional alternatives. Additionally, increasing raw material prices-such as for adipic acid-along with limited awareness of the adverse health and environmental effects associated with phthalate plasticizers in certain regions, could inhibit market expansion throughout the forecast period.
Regional Trends:
China currently leads the Asia-Pacific bio-plasticizer market and is projected to maintain rapid growth due to ongoing urbanization and industrialization. Emerging markets, including Taiwan, Japan, and India, are witnessing increased demand for bio-based packaging materials, further supporting bio-plasticizer adoption. The region's expanding construction sector, combined with the growing use of bio-plasticizers in chemical processing, household bleaching, and water treatment applications across key economies such as India, China, Japan, and South Korea, is expected to significantly drive regional market growth.
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Recent Developments:
• In November 2022, The reach of Evonik Industries is growing and becoming more centralised. In order to increase the reach of its products and services to customers effectively and efficiently, it introduced its first digital platform for plasticizers called "myFLEXINO".
Segmentation of Non-Phthalate Plasticizers Market-
By Type-
• Adipates
• Trimellitates
• Benzoates
• Epoxies
• Others
By Application-
• Flooring & Wall Coverings
• Wires & Cables
• Films & Sheets
• Coated Fabrics
• Consumer Goods
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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