Lucintel's latest market report analyzed that non-phthalate plasticizer provides attractive opportunities in flooring & wall covering, wire & cable, films & sheet, coated fabric, and consumer good applications. The non-phthalate plasticizer market is expected to reach $6.7 billion by 2028 with a CAGR of 6%. In this market, adipates is the largest segment by product type, whereas flooring & wall coverings is largest by application.
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Based on product type, the non-phthalate plasticizer market is segmented into non-phthalate plasticizer market by product type, application, and region. The adipates segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to their versatile nature; they can be used in a wide range of applications, such as PVC films, cables, flooring, and other flexible PVC products.
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The Non-Phthalate Plasticizer Market is marked by the presence of several big and small players. Some of the prominent players offering non-phthalate plasticizer include BASF, Eastman Chemical Company, ExxonMobil, Evonik Industries, and DIC Corporation.
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