Global Non-Phthalate Plasticizers Market Growing Trends Korea

  • Global Non-Phthalate Plasticizers Market Growing Trends Korea
  • Global Non-Phthalate Plasticizers Market Growing Trends Korea
  • Global Non-Phthalate Plasticizers Market Growing Trends Korea
  • What is the market size of non-phthalate plasticizers?
  • [144 Pages Report] The market size of non-phthalate plasticizers is estimated at USD 3.1 billion in 2020 and is projected to reach USD 3.9 billion by 2025, at a CAGR of 4.6%.
  • What is phthalate plasticizers market?
  • On the basis of product, the global plasticizers market is segmented into Phthalate, Non-Phthalate, and Others. Among these, the phthalate plasticizers segment is dominating the market over the forecast period. PVC items like pipes, wires, vinyl flooring, and automotive parts are among the many products that use phthalates.
  • What is the global plasticizers market size?
  • The global plasticizers market was valued at USD 17.0 billion in 2022 and is projected to reach USD 22.5 billion by 2027, growing at a cagr 5.7% from 2022 to 2027. Construction is one of the major end-use industries of plasticizers and offers market growth opportunities.
  • Why is the demand for non-phthalate plasticizers growing?
  • The growing demand for non-phthalate plasticizers is due to the stringent regulations on the phthalate plasticizers and the growing awareness about the harmful effects over the use of phthalate plasticizers. Flooring & wall coverings is estimated to be the largest application of non-phthalate plasticizers.
  • Which phthalate plasticizers accounted for the largest market share in 2021?
  • Phthalate plasticizers accounted for 80.6% market, in terms of volume, in 2021. This dominance is attributed to their low price and properties such as high durability, stability, and robust performance. The DINP type of phthalate plasticizers accounted for the largest market share (28.6%), in terms of volume, globally in 2021.
  • Which segment is dominating the global plasticizers market over the forecast period?
  • Phthalate plasticizers segment is dominating the market over the forecast period On the basis of product, the global plasticizers market is segmented into Phthalate, Non-Phthalate, and Others. Among these, the phthalate plasticizers segment is dominating the market over the forecast period.

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