Global Non-phthalate Plasticizers Market 2023 | Increase in R&D Activities and Partnerships to B
Global Non-phthalate Plasticizers Market: Increase in R&D Activities and Partnerships
Manufacturers are encouraged to partner with other companies and invest in R&D activities to develop new products using phthalate-free plasticizers. For instance, a Germany-based chemical company, OXEA, has produced dioctyl terephthalate (DOTP) using non-ortho-phthalate plasticizers. The DOTP produced by the company is being used in many industries such as automotive, medical, consumer goods, and construction because DOTP meets the environmental requirements. Thus, with the increase in R&D activities and partnerships, the market for non-phthalate plasticizers is expected to showcase a positive outlook during the forecast period.
"Apart from the increase in R&D activities and partnerships, high demand from APAC and the US, and growing demand for PVC are some other major factors that will boost market growth during the forecast period," says a senior analyst at Technavio.
Global Non-phthalate Plasticizers Market: Segmentation Analysis
This market research report segments the global non-phthalate plasticizers market by end-user segmentation (flooring and wall covering, wire and cable, film and sheet, consumer goods, and others) and geographical regions (North America, APAC, Europe, and ROW).
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The APAC region led the market in 2018, followed by North America, Europe, and ROW, respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to strong economic growth in developing countries coupled with the growing construction activities and the rising electronics industry in China.
Some of the key topics covered in the report include:
• Market ecosystem
• Market characteristics
• Market segmentation analysis
• Market definition
• Market size and forecast
Five Forces Analysis
• Regional comparison
• Key leading countries
• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report - https://www.technavio.com/