Browse
• 235 Market data Tables
• 42 Figures
• 255 Pages and in-depth TOC on “Eco-Friendly Plasticizers Market – Global Forecast to 2030”
Some of the prominent key players are:
BASF (Germany),
Eastman Chemical Company (US),
Evonik Industries AG (Germany),
Lanxess (Germany),
Dow Chemical Company (US),
DIC Corporation (Japan), and many more….
Opportunity: Growing awareness about the harmful effects associated with the use of phthalate plasticizers
Phthalate-based plasticizers are not chemically bound to vinyl and can leach, migrate, or evaporate into indoor air and concentrate in household dust. The widespread use of phthalates in building materials and consumer products has resulted in nearly universal contamination of people’s bodies with certain phthalates, which have also been measured in breast milk, umbilical cord blood, and amniotic fluid. Ten years of biomonitoring data gathered by the US Centers for Disease Control and Prevention (CDC) shows near universal exposure to most phthalates in a representative sampling of Americans. Children are more exposed to phthalates than adults, as most of the toys contain phthalates. Many phthalates are hormone-disrupting chemicals that interfere with the production of the testosterone, which is necessary for proper development and function of the male reproductive organs. Interference with testosterone activity, especially early in life, can have irreversible effects on male reproduction. Phthalate exposure in humans has been linked to changes in sex hormone levels, altered development of genitals, and low sperm count and quality. Phthalates have also been linked with obesity, reduced female fertility, preterm birth and low birthweight, a worsening of allergy and asthma symptoms, and altered toddler behavior. Other phthalates, such as diisodecyl phthalate (DIDP), have been linked to other types of birth defects.
“Non-phthalate plasticizers have the second highest market share in the eco-friendly plasticizer market”
As growing consumer awareness and legislations regarding health and environmental safety push forward. More critical to the trend is the swell in demand for safer alternatives to conventional phthalate-based plasticizers, many of which have been named in various health risks, among which are endocrine disruption issues. Non-phthalate plasticizers finds wider application in food packings, medical device, and consumer goods due to its enhanced safety profile and biodegradability. Moreover, increased usage of bio-based plasticizers derived from renewable sources like vegetable oils is expected as a complementary trend, providing another friendly environment option for manufacturers. Growing trends of focusing on sustainability and great robust compliance to very stringent regulatory requirements, this is a factor that will shoot up the demand for non-phthalate plasticizers in the industry thereby driving innovation and market expansion.
Europe to be the third largest market during the forecast period.
The European region has particularly recorded a steady growth in the demand for eco-friendly plasticizers as a result of new environmental policies, increasing consumer conscientiousness and general global concern on sustainability issues. These European Regulations such as REACH and bans on usage of phthalate based plasticizers in each of the applications have made it easier to shift towards non-toxic and biodegradable alternatives. Such plasticizers, based on renewable resources such as vegetable oils and citrates, can be absolutely complied with Europe’s high-level climate objectives and the green economy program.These markets include packaging and building and construction markets in particular. Cable, flooring and wall covering flexible PVC products contain bio based plasticizers owing to its standards of substituting non-degradable and hazardous substances. Furthermore, increasing consciousness of the possible negative effects that conventional phthalates including their effect on hormone receptors has seen organizations in medical appliances, food packaging, and toys shift to the eco-friendly ones.
About MarketsandMarkets™
MarketsandMarkets™ has been recently recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
Founded in 2009, MarketsandMarkets recognized uncharted business potentials within disruptive trends, forecasting a surge of $25 trillion in new B2B revenues by 2030. In our 13-year journey, we’ve collaborated with over 10,000 companies, generating $140+ billion in revenue impact. From a market research publisher, we’ve transformed into a growth-enabling leader, backed by a 1500+ strong team.
