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CHEMICALS AND ADVANCED MATERIALS

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

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Extensive insights into the Growth of Eco-friendly Plasticizers Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Eco Friendly Plasticizers are organic esters, which is combined with polymers to improve flexibility and toughness of the products. An Eco Friendly plasticizer is a substance incorporated to increase the flexibility, workability and intensity by breaking intermolecular forces within the material. Preferable properties are strong intermolecular forces between the plasticizer and the polymer. There is an increase in concern over the traditional plasticizers due to vulnerable migration of PVC compounds and their release to the environment or into human bodies. These concerns have caused the industry to shift towards safer plasticizers called eco-friendly plasticizers. The eco-friendly plasticizers are good replacements for DOP and DBP which are the traditional plasticizers and ensure the same effect on the products as in strength, flexibility, etc. It can be used in various PVC products like cables, wires, Gas pipes, films, etc. These ecofriendly plasticizers are very safe, environment friendly, efficient and highly flexible. 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.

The current market serves plenty of choices of plasticizers along with a huge range of attributes that can be selected for required applications to meet specific material requirements. 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. The use of eco-friendly plasticizers owing to their low toxicity level and almost zero migration is beneficial for the environment as well as for human health. This option refers to the vast development of eco-friendly plasticizers and also has motivated researches in various academic and industrial areas. The use of eco-friendly plasticizers complying low toxicity and good compatibility with several plastics, resins, rubbers etc. to substitute conventional synthetic plasticizers has become more attractive and effective.

Market Size & Forecast

As the plastic industry is flourishing continuously, the demand for plasticizers also goes up. Nowadays, there is increasing interest in the use of eco-friendly plasticizers that are categorized by low toxicity and low migration properties. This fact has caused some countries to develop eco-friendly plasticizers and due to the increased interest of researchers and industries in the development of new eco-friendly plasticizers. CLICK TO DOWNLOAD SAMPLE

Eco Friendly Plasticizers Market

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 during the forecast period. The Eco Friendly Plasticizers Market is thus anticipated to record a CAGR of 13.5% over the forecast period. The Eco Friendly Plasticizers market is expected to reach a value of USD 2.7 billion at the end of the forecast period.

Uses for Eco Friendly Plasticizers derivatives have been discovered at regular intervals in the past which is expected to drive the Eco Friendly Plasticizers market rapidly in the future. Currently the global Eco Friendly Plasticizers market is observing vibrant growth owing to increasing demand of environment friendly compositions which are biodegradable and also possess all the properties as a plasticizer. Strict rules and regulations by the government in western countries have promoted the usage and development of Eco-friendly Plasticizers. The wide range of advantageous properties of Eco Friendly Plasticizers in an immense range of products are waterproof with good electrical resistivity, good heat stability, better mechanical strength, weather resistance, light stability, anti-hot and cold capability, etc.

On the basis of regional platform, global Eco Friendly Plasticizers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

As a precursor to plastic industry, North America is panned to observe substantial growth in Eco Friendly Plasticizers market due to rising Eco Friendly Plasticizers usage for environment factor. On account of multiplying Eco Friendly Plasticizers uses in growing users such as plastics, adhesives, resins and many more. The properties of Eco-friendly Plasticizers are accustomed to follow the benefits of the traditional ones along with environmental and health benefits. China and India is expected to lead the demand in the Asia Pacific region due to its population size and growing demands in plastic products. Asia Pacific is budding as a regional market for Eco Friendly Plasticizers consumption but North America will lead the market by the forecast period. Asia Pacific will lead in terms of consumption due to expanding Eco Friendly Plasticizers requirements in plastic industries.

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.

Top Featured Companies Dominating the Market:

  • 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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