The non-phthalate plasticizer market is projected to reach $4.53 Billion by 2022, at a CAGR of 8.7% from 2017 to 2022 with flooring & wall coverings segment was the largest segment of non-phthalate plasticizer industry Led by Asia-Pacific region
Pune, India - July 4, 2017 /MarketersMedia/ —
“Implementation of stringent regulations pertaining to the use of phthalate plasticizers is a key factor expected to drive the growth of the non-phthalate plasticizer market”
The market size of non-phthalate plasticizer is estimated to reach USD 4.53 billion by 2022, 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.
Download a Sample Copy of this report at: https://goo.gl/MyGe3e
Non-phthalate plasticizers are used in different applications, such as flooring & wall coverings, wire & cable, film & sheet, consumer goods, and coated fabric. The flooring & wall coverings segment was the largest application segment of the non-phthalate plasticizers market in 2016. 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. Non-phthalate plasticizers-based wall coverings are durable and are easy to maintain.
“The flooring & wall coverings segment was the largest segment of non-phthalate plasticizer market in 2016”
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.
“Rising demand from Asia-Pacific is a major driver for the growth of the non-phthalate plasticizer market”
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.
Inquire for More info about Non-phthalate Plasticizer industry here: https://goo.gl/qMNuGi
The break-up of primary interviews is given below. By Company Type: Tier 1 –58%, Tier 2 – 25%, and Others – 17%, By Designation: C level – 25%, Director level – 33%, and Others – 42%, By Region: North America – 33%, Asia-Pacific – 25%, Europe –17%, South America – 17%, Middle East –8%
Key companies profiled in this market research report are Eastman Chemical Company (U.S), BASF SE (Germany), Exxon Mobil Corporation(U.S), UPC Technology Corporation (Taiwan), Evonik Industries AG (Germany), LG Chem Ltd. (South Korea), DIC Corporation(Japan), and Nan Ya Plastics Corporation (Taiwan).
Research Coverage of Non-phthalate Plasticizer Market:
The non-phthalate plasticizer market has been segmented based on type, application, and region. This report covers the market, in terms of value and volume, and forecasts its market size till 2022.The report includes the market segmentation based on type (adipates, trimellitates, epoxies, and benzoates), application (flooring & wall coverings, wire & cable, film & sheet, consumer goods, and coated fabric), and region (Asia-Pacific, Europe, North America, Middle East & Africa, and South America).The regions have been further segmented based on key countries in these regions. The report also provides company profiles and competitive strategies adopted by the key players in the non-phthalate plasticizer market.
About Us:
ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
Connect with Us:
LinkedIn: www.linkedin.com/company/reportsnreports
RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml
Contact Info:
Name: Ritesh Tiwari
Organization: RnRMarketresearch
Address: 2nd floor, metropole, Next to inox theatre, Bund garden road, Pune-411001
Phone: + 1 888 391 5441
Source URL: http://marketersmedia.com/non-phthalate-plasticizer-market-growing-at-a-cagr-of-8-7-from-2017-to-2022/214035
For more information, please visit http://www.rnrmarketresearch.com/non-phthalate-plasticizer-market-by-type-adipates-trimellitates-epoxies-benzoates-application-flooring-wall-coverings-wire-cable-film-sheet-consumer-goods-coated-fabric-and-region-global-forecasts-to-2022-market-report.html
Source: MarketersMedia
Release ID: 214035
