The non-PVC plasticisers market is estimated to exhibit a CAGR of over 3.5% through 2026, according to a new study based on a Future Market Insights report.
Worldwide demand for non-PVC plasticisers is witnessing a proliferation in line with rising end-user inclination for cost-effective & reliable additives. Non-PVC plasticisers sales remain highly influenced by a cohort of factors, ranging from burgeoning investments in the healthcare arena to rising demand for advanced solutions across multiple end-use verticals.
There has been a notable rise in end-user preference for benzoate plasticisers in the recent past, which can be attributed to their ability to offer expanded performance utility over any other product types. Plasticisers are likely to continue to be highly sought after in order to attain the appropriate level of flexibility and softness. Some of the products in the medical products space, including bags, gloves, and tubing, are likely to register substantial demand for Non-PVC Plasticizers in the forthcoming years. While the demand of non-PVC plasticisers for medical products is estimated to witness 1.4X growth, tubing is likely to create notable opportunities by the end of 2026.
According to the study, China is likely to flourish and capture a significant position, both in value and volume projections, in the global non-PVC plasticisers market for application market in 2019 and the status quo is unlikely to change during the assessment period. Rapid growth in the pharmaceutical, healthcare, and personal care spaces are among the prime factors favouring growth of non-PVC plasticisers market.
Ambiguities over use of plasticizers will continue to dent end-user confidence, thereby challenging growth of non-PVC plasticisers market. Phthalates, holding nearly 57% share in the overall non-PVC plasticisers market, remain one of the widely-used ones across multiple applications. Though Phthalates offer multiple advantages, they do carry the risk of various adversities with respect to health and environment. In line with this, stringent and uncompromising regulations would restrict the use of non-PVC plasticisers, deterring growth of non-PVC plasticisers by a certain extent.