TAGS: PVC, Plasticizers and Sustainability
The non-phthalate plasticizers market is projected to grow from USD 3.1 billion in 2020 to USD 3.9 billion by 2025, at a CAGR of 4.6%. The demand for phthalate alternative plasticizers in emerging economies, such as APAC and South America, is increasing owing to the growing construction industry. The increase in demand for bio-based plasticizers provides growth opportunities to the market.
The Flooring & Wall Coverings Segment
Flooring & wall coverings is one of the largest applications of phthalate alternative plasticizers used in flexible
PVC. According to the American Chemistry Council, flexible
PVC is the second-most commonly used plastic material and is mainly used in the flooring & wall coverings application in the construction industry. The low volatility and high extraction resistance properties of phthalate alternative plasticizers are driving its demand in this application.
The Trimellitates Segment
Trimellitates are manufactured by the esterification of C7 to C10 alcohols with trimellitic anhydride (TMA). They impart various properties such as low volatility, low migration rate, good compatibility with
PVC, good outdoor weatherability,
plasticizer solvency, high temperature resistance, and extraction resistance. They are used in dashboard
PVC skins, and in the insulation or sheathing of electrical cables for high temperature, owing to low volatility properties.
On the Basis of Region APAC to Lead Market
APAC consists of major developing nations, such as China and India, and therefore, the scope for development for most of the industries is high. The region accounted for the largest market share and is projected to be the fastest-growing market for phthalate alternative plasticizers. The growth of the market in the region is attributed to the presence of emerging countries and their high economic growth rate, the rise in infrastructure projects, increasing urbanization, and growing standard of living. These developing countries are the driving engines for the phthalate alternative plasticizers market in the region.
The growth of the flooring & wall covering market is directly related to the growth of the construction industry, which, in turn, is increasing the demand for phthalate alternative plasticizers in APAC. Various manufacturers are shifting their production base to the region because of advantages, such as low cost of production and ability to serve the local emerging market.
Source: M&M