Non-Phthalate Plasticizers find common application in wall & flooring coverings, cables & wires, and, sheets & films. It is used to soften the PVCs and also enhance the flexibility and durability of plasticizers as well as vinyl. PVC has its applications in vehicles, houses, and offices. The Global Non-Phthalate Plasticizers market was USD 3.32 Billion in 2018 and is expected to reach USD 5.97 Billion by 2027 at a CAGR of 6.5% during the forecast period.
The market growth is driven by the adipates segment, which constitutes the largest part of the market, nearly 40.0% and is expected to register a CAGR of 6.6% in the forecast period. The coated fabric segment is expected to witness a notable growth rate of 7.7% throughout the forecast period. The construction & building end-user segment accounted for 40% of the market share, delivering a CAGR of 6.6% in the forecast period.
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The Asia Pacific had the largest market share of 48% in 2018, with a considerable growth rate of 6.9% in the forecast period. The regional market is dominated by the rising automotive sectors in countries such as China and India. The expansion of the industry can also be attributed to the infrastructural advancements and growth in the construction sector across APAC.
Key participants include LG Chem Ltd, BASF SE, LANXESS, Eastman Chemical Company, NAN YA PLASTICS CORPORATION, Grupa Azoty, Evonik Industries AG, DIC CORPORATION, Valtris Specialty Chemicals, Velsicol Chemical LLC and Perstorp.
For the purpose of this report, Reports and Data have segmented the global Non-Phthalate Plasticizers market according to Type, Application, End-user, and Region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
• Building and construction
• Food & beverage
• Sports and leisure
• Consumer goods
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
• Wire & Cable
• Flooring & Wall Coverings
• Consumer Goods
• Film & Sheet
• Coated Fabric
• Adhesives, sealants and caulks
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The report emphasizes the following key questions
• Q.1. What are the most lucrative and promising growth prospects for the market?
• Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
• Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
• Q.4. Which factors are impacting the future of the market and what are the driving factors?
• Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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