Global Non-phthalate plasticizers market was valued at USD 2.92 Bn in 2019 and is expected to reach USD 4.38 Bn by 2027 at a CAGR of 5.2% over the forecast period 2020-2027.
Global Non-phthalate plasticizers market Dynamics;
Non-phthalate Plasticizers are various additive chemical products such as Epoxies, Adipates, Trimellitates, and Benzoates. These additives are added to polymers to decrease the hardness and brittleness of plastic. The use of Non-phthalate plasticizers is increasing in various applications as the awareness about environmental benefits and safety of plasticizers is increasing. The Non-phthalate plasticizers provides flexibility and softness and improves the toughness of the material. Polyvinyl chloride is majorly used as a Non- phthalate plasticizer in various end-user industries. Various factors such as strict regulations on the use of phthalate plasticizers, growing demand for Non- phthalate plasticizers from construction industry, increasing research & development on bio-based Non -phthalate plasticizers and growing demand from emerging economies such as China, India, South Asia, Brazil, and ASEAN are driving the market growth over the forecast period.