The global Eco Friendly Plasticizers market is segmented by raw material (di-isononyl phthalate, dipropyl heptyl phthalate, dioctyl terephthalate); by application (plastics, adhesive, resin, medical devices and others) and by regions.
According to the data of Statistics Sweden, there have been growth in plastic PPI (Producer Price Index) from 2015 with PPI of 99 then 100 in 2016, then escalating upto 110.7 in 2017 and finally 116.5 in 2018 which drives the usage of eco-friendly plasticizer in plastic production which is expected to drive the demand of the market during the forecast period and mark a CAGR of 13.5% during the forecast period i.e. 2018-2027.
Eco Friendly Plasticizers are additives in polymers that increase the plasticity of a material. These are the substances which are added to alter or enhance their physical properties. The global Eco Friendly Plasticizers market is observing drastic growth owing to increasing demand of Eco Friendly Plasticizers so as to make environment and human health safe. Advance plastic industry in the past few years are growing technologically and also exploring about eco-friendly plasticizers which is subjected to drive Eco Friendly Plasticizers’ market besides the range of properties of Eco Friendly Plasticizers serve by replacing the traditional ones such as improving mechanical property, flexibility, thermal resistance, waterproof ability, electrical resistivity, low volatility and more.
China and India is expected to lead the demand for Eco Friendly Plasticizers in the Asia Pacific region. Asia Pacific is attributed to be the highest rate of growth due to expanded Eco Friendly Plasticizers applications in plastic industries and many more. Middle East is expected to drive demand positively impacting on Eco Friendly Plasticizers market over the forecast period. But North America will be leading the market of Eco Friendly Plasticizers contributing towards the global market share.
Steady Application in Plastic Industry
Eco Friendly Plasticizers are used as an additive in Plastic industry. Almost 90% of plasticizers are used in PVC to improve its flexibility and durability. The majority is used in films and cable manufacturing. Eco Friendly Plasticizers are available with low toxicity and good compatibility with several plastics, resins, rubber, etc. in place of conventional plasticizers. It has wide range of applications due to its various advantages: waterproof with good electrical resistivity, good heat stability, better mechanical strength, weather resistance, light stability, anti-hot and cold capability, etc.
Since the early 1980s, there have been concerns and controversies occurring due to the environmental factors due to the use of traditional plasticizers and also their effects on human health. Thus, the wide application of plasticizers is being questioned due to their toxicity problems and the migration of compounds.
However, Eco Friendly Plasticizers are in very high demand due to its environmental and health factors but the high cost of the eco-friendly plasticizers is affecting the manufacturing cost of the final product in the market. There it affects the growth of the market instead of its various applications in plastic industry. Moreover, the plastic industry is very dynamic according to range in prices and quality of products thus high manufacturing costs may hindrance the market growth over the forecast period.
The report titled “Global Eco Friendly Plasticizers Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Eco Friendly Plasticizers market in terms of market segmentation by raw material, by application and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global Eco Friendly Plasticizers market which includes company profiling of The Dow Chemical Company, BASF SE, REMEI Blomberg GmbH & Co. KG, Zhejiang Jiaao Enprotech Stock Co. Ltd., Vertellus Specialties Inc., Evonik Industries AG, Solvay, Emery Oleochemicals Llc, Formosa Plastics Group, Shandong Hongxin. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Eco Friendly Plasticizers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.