In December 2019, Brenntag released a new list of their product offerings which included a plasticizer like Oxoviflex (DOTP/DEHT). Oxoviflex is a Non-phthalate Plasticizer that displays a high purity level. This is also label-free and has been allowed in Europe to be used in situations that allow indirect food contact.
|Market Size||2030: 3.412.2 million|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||type, application, application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||LG Chem LtdBASF SE, Valtris Specialty Chemicals, Velsicol Chemical LLC, Eastman Chemical Company, Evonik Industries AG, Evonik Industries AG, DIC CORPORATION, NAN YA PLASTICS CORPORATION, and Grupa Azoty.|
|Key Market Opportunities||With a lot of support from regulatory bodies and governments worldwide, the industry is expected to flourish and rise considerably.|
|Key Market Drivers||The increasing awareness among the population of all the regions across the globe towards bringing an ecological balance in the environment.|
Frequently Asked Questions (FAQ) :
The market value is expected to reach USD 3,412.2 million by the end of 2023, with a projected CAGR of 6.91% in the forecast period.
Adipates, Benzoates, and Trimillitates are the major types of non-phthalate plasticizer, which is used in applications such as film & sheets, flooring & wall covering, wire & cable, and toys & childcare articles.
Asia Pacific holds the largest share in the global Non-phthalate plasticizer market followed by North America and Europe, respectively.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global Non-phthalate plasticizer market adopt to gain a larger competitive advantage.
Nan Ya Plastics Corporation, BASF SE, DIC Corporation, Velsicol Chemical LLC, Evonik Industries AG, Valtris Specialty Chemicals, Eastman Chemical Company, LG Chem Ltd., Grupa Azoty, and LANXESS, are some of the leading players in the global Non-phthalate plasticizer market.
Non-Phthalate Plasticizer Market: Competitive Landscape
The prominent players operating in the global non-phthalate plasticizer market are BASF SE, LG Chem Ltd., Eastman Chemical Company, LANXESS, Grupa Azoty, NAN YA PLASTICS CORPORATION, DIC CORPORATION, Evonik Industries AG, Velsicol Chemical LLC, and Valtris Specialty Chemicals, among others.
BASF SE, LG Chem Ltd., Eastman Chemical Company, LANXESS, and Grupa Azoty collectively account for the largest share of the global non-phthalate plasticizer market. There is healthy competition in the global non-phthalate plasticizer market among the leading players on account of the high growth potential in the market. The market has the presence of a substantial number of the tier-1 and tier-2 companies, as well as small- and medium-scale industries. The major players are adopting various business tactics including supply agreements and investments in the capacity expansion of existing products, to attain a substantial share of the market and earn sizeable revenue during the review period.
BASF SE is a German chemical giant that produces a range of chemical products and various intermediates solutions. The company has production facilities in over 80 countries across the globe. In May 2014, BASF expanded the production capacity of its non-phthalate plasticizer Hexamoll DINCH. The capacity was increased from 100,000 metric tons to 200,000 metric tons per year at its Ludwigshafen site in Germany. This development by the company came as a response to the increasing demand for Hexamoll DINCH across the world. This facility helps the company cater to the growing number of customers and strengthen supply security across the globe.
LG Chem Ltd. is a South Korean manufacturer of petrochemicals, IT and electronic materials, and energy solution materials. It operates through four major business segments: petrochemicals, IT and electronic materials, life sciences, and batteries. The company offers a vast range of non-phthalate plasticizers such as LGflex GL100, LGflex GL300, LGflex GL400, LGflex GL500, LGflex, GL520, LGflex, GL515T, LGflex GL330T, and LGflex EBN.W.
Eastman Chemical Company manufactures specialty chemicals. It operates through the additives and functional products, advanced materials, chemical intermediates, and fibers divisions. The company offers non-phthalate products as part of its chemical intermediates business segment, which accounted for 29% of the total revenue in 2017. In November 2016, The U.S.-based non-profit organization BloodCenter and Eastman Chemical Company announced the results of a recent clinical trial that evaluated the applicability of a new plasticizer, the Eastman 168 SG non-phthalate plasticizer, for blood bags. The results demonstrated that the Eastman 168 SG non-phthalate plasticizer, which is a sensitive grade Dioctyl terephthalate or DEHT, is a viable alternative for medical applications.
LANXESS is a holding company that provides specialty chemicals. The core businesses of LANXESS is the manufacturing, development, and marketing of chemical intermediates, additives, specialty chemicals, and plastics. The company is focused on leveraging its strengths to promote and increase the production of plasticizers to meet rising global demand. In April 2017, LANXESS acquired the U.S.-based Chemtura, a leading supplier of flame-retardant and lubricant additives. The acquisition has helped LANXESS expand its presence in North America with 12 production sites.
Grupa Azoty produces and distributes various mineral fertilizers and chemicals, along with engineering plastics and OXO products. The company operates through four major business units—plastics, chemicals, agro fertilizers, energy, and other activities. Grupa Azoty ceased production of ortho-phthalate plasticizers in February 2018. As part of its long-term strategy, the company is focused on non-orthophthalate DEHT/DOTP (Oxoviflex) and specialty plasticizers. It is the largest producer of DEHT/DOTP in Europe. Grupa Azoty is poised expand the manufacturing capacity of its Oxoviflex product by an additional 15 kilo tons a year (up to 65 kilo tons per year) and plans to launch a new plant for specialty plasticizers by 2019. This development undertaken by the company is a result of a new product policy directed at market and customer requirements.