The global environmentally-friendly PVC plasticizer market is anticipated to grow at a significant CAGR during the forecast period. Plasticizers belong to those category of materials that are not confined to plastics but can involve use of clay, concrete, wallboard and cement. It enhances the durability, flexibility and processability, further helping in cost reduction in most cases.
Major driving factors for environmentally-friendly PVC plasticizer market are increase in need for residential and commercial buildings to offer shelter to the population. In addition, rise in urbanization standards followed by stringent government rules for construction sector demands eco-friendly alternatives. Moreover, there are hazards involved in the use of chemicals for construction. Also, eco-friendly plasticizers enhance the fluidity and position of concrete.
Apart, PVC plasticizers also find uses in the rubber manufacturing and the tyre industry that propels the market growth during the forecast period. However, significant costs involved in the production of environmentally-friendly PVC plasticizers are more likely to hamper the market growth.
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By raw material, environmentally-friendly PVC plasticizer market is segmented as Di-isononyl phthalate (DINP), diocyl terephthalate (DOTP) and dipropyl heptyl phthalate (DPHP). Application category for environmentally-friendly PVC plasticizer industry is categorized as flexible PVC and non-flexible PVC.
Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific market is more likely to grow during the forecast period owing to rise in volume of demand. India and China are expected to register substantial growth due to rise in end-user industries and construction sector.
North American and European markets are expected to gain a significant market growth due to the presence of eco-friendly alternatives and stringent regulations by the government. The key players profiled in environmentally-friendly PVC plasticizer market are BASF SE, Eastman Chemical Company, Innua, EEGGTT Chemical, Zheijang Jiaao Enprotech Stock Co Ltd, and REMEI Bloomberg GmbH & Co.
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