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Eco Friendly Plasticizers Market Segmentation By Raw Material (Di-isononyl Phthalate, Dipropyl Heptyl Phthalate, Dioctyl Terephthalate); By Application (Plastics, Adhesive, Resin, Medical Devices and Others)- Global Demand Analysis & Opportunity Outlook 2027

Buy Now Report ID: 678 | Published Date: Feb 01, 2022

Top Featured Companies Dominating the Market:


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Eco Friendly Plasticizers Market
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Market Segmentation

Our-in depth analysis of the global Eco Friendly Plasticizers market includes the following segments:

By Raw Materials:

  • Di-isononyl phthalate (DINP)
  • Dipropyl heptyl phthalate (DPHP)
  • Dioctyl terephthalate (DOTP)

By Applications:

  • Plastics 
  • Adhesive 
  • Resin 
  • Medical Devices 
  • Others

By Region

Global Eco Friendly Plasticizers Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers

Widespread Application

Eco friendly plasticizer has various applications in adhesives, resins, polymers and many more and is expected to drive the market rapidly over the forecast period. The numerous benefits of Eco Friendly Plasticizers that are inducing the replacement of traditional plasticizers across various end users include improved mechanical property, flexibility, thermal resistance, waterproof ability, electrical resistivity and low volatility.

Environment Friendly Factor

Rapid research and development with thriving industrial sector is expected to boost the eco-friendly plasticizers market in the developing regions. Most importantly, being eco-friendly it is biodegradable and will not harm the environment from its processing till production of the final product.

Restraint

High Cost

However, development of eco-friendly plasticizers is very costly and is likely to increase the manufacturing cost of the final product. The eradication of environmental factor is hampering the manufacturing cost. Thus, eco-friendly plasticizers irrespective of all its benefits are anticipated to hinder the market growth further over the forecast period.


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Top Featured Companies Dominating the Market:

top-features-companies
    • The Dow Chemical Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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

     


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In The News


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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Smruti Ranjan, Rajrani Baghel


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