Non-PVC Plasticizers Market- Notable Highlights
- BASF SE inaugurated a new production plant in Texas with a production capacity of around 60,000 MTPA in 2017. This was a part of the company’s strategic plan to expand across new regions and tap into new customer segments. This expansion was aimed at catering to the evolving demand for non-ortho phthalate plasticizers across key countries in North America. Also, BASF accounts for a substantial share in North America Non- PVC plasticizers market, driven by a robust product portfolio.
- Eastman Chemical Company introduced its exclusively new portfolio of non-phthalate plasticizers in 2016 that consists of high-performance products. Moreover, these products are claimed to offer high-scale efficiency, enhanced dry time, & reduced viscosity, which makes it an ideal product for multimodal end-use applications.
The leading players operating in the Non-PVC Plasticizers market report remain focused on strategic developments, including novel product developments, expansions, and collaborations. In addition, manufacturers are investing in research and development activities to push their performance boundaries and offer innovative and advanced products for challenging applications.
Non-PVC Plasticizers Market- Pervasive Use of Additives Favor Sales of Non-PVC Plasticizers
Plastic additives have gained immense popularity in plastic manufacturing, owing to their broad role in making essential modifications. Additives are not only sought-after for modifying the appearance of plastics, but they are also used for boosting strength of plastics.
Just as additives make the plastics stronger, they are much in demand for reducing weight of finished plastic products and are getting prominently used in automotive plastics. These factors are likely to drive growth of Non-PVC Plasticizers market in the forthcoming years.
Apart from the potential for substantial cost savings on multiple fronts, additives are also being desired for the environmental benefits offered. This, in turn, is likely to create favourable grounds for growth of Non-PVC Plasticizers market.
Non-PVC Plasticizers Market- Asia Pacific & Europe Remain Highly Lucrative Regions for Manufacturers, Rising Investments in Clinical Research Support Demand
Spurring investments for inflow of advanced pharmaceutical products in the leading countries across Europe & Asia Pacific are laying the foundation for adoption of Non-PVC Plasticizers. Spurring investments in clinical research continues to be one among the key factors contributing to growing sales of Non-PVC Plasticizers for medical products. In addition, wide-spread presence of healthcare institutions and clinical research labs continues to fuel investments in Non-PVC Plasticizers.
Moreover, resurgence of infrastructural development initiatives is creating a healthy demand for paints & coatings with high-performance additives, including Non-PVC Plasticizers. Flourishing growth of floral extract for cosmetics and personal care and other personal care products is also likely to propel adoption of Non-PVC Plasticizers, owing to their ability to dissolve fragrances of products.
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Non-PVC Plasticizers Market- Growing Demand for High-Performance Adhesives & Sealants Drive Adoption
High-performance adhesives find extensive applications in multiple areas owing to their colossal bond strength and lightweight. The rising demand for high-performance adhesives and sealants is estimated to foster adoption of plasticizers, as they form an integral part of many adhesives and sealants.
Use of plasticizers in adhesive and sealants is growing at an unprecedented rate to enhance the workability and flexibility attributes, favouring the growth of Non-PVC Plasticizers market. Moreover, use of plasticizers also has deep-rooted influences on key aspects of adhesives and sealants, such as viscosity and transition temperature, which are pivotal in improving the performance levels.
Non-PVC Plasticizers Market: Additional Questions Answered
Apart from the aforementioned insights, some of the additional questions addressed in the Non-PVC Plasticizers market include-
- What are the growth opportunities for manufacturers of Non-PVC Plasticizers across emerging economies?
- What are the key differential moves & strategies by leading players in the Non-PVC Plasticizers market?
- What are the aspects creating substantial challenges for market players of Non-PVC Plasticizers market?
By Product type
- LMW Phthalates
- HMW Phthalates
- Paints & Coating
- Rubber Products
- Adhesive & Sealant
- Personal Care Product
- Medical Products
- Household Products
- North America
- Latin America
- SEA and Other APAC