Eco-Friendly Plasticizers Market

The eco-friendly plasticizer market is projected to reach USD 2.62 billion by 2030 from USD 1.65 billion in 2024, at a CAGR of 6.7% during the forecast period. The eco-friendly plasticizer market has good growth prospects in the next years because of growing pressures from both the regulatory end and consumer demand for sustainable alternatives in various sectors including construction, automotive, and consumer goods stay strong. Demand will build, driven by stringent environmental regulations and the allure of more environmentally friendly products, for eco-friendly plasticizers. Additionally, with the practice of a circular economy growing, demand for eco-friendly plasticizers will be at all-time highs. The practice encourages innovation among manufacturers in finding bio-degradable products, thus creating new opportunities in product development and market expansion. An increased emphasis on sustainability becomes closely aligned with global efforts toward the reduction of plastic waste and gives rise to environmentally friendly plasticizers as an important factor in the shift toward more sustainable manufacturing practices.

The ecofriendly plasticizer is dominated by key manufacturers like include BASF  (Germany), Eastman Chemical Company  (United States), Evonik Industries AG (Germany),Lanxess  (Germany),Dow Chemical Company (United States),DIC Corporation (Japan),Cargill, Incorporated. (United States),Arkema Group  (France),LG Chem (South Korea),Valtris Specialty Chemicals  (United States) among others. These players have followed many product launches, deals and expansion, from January 2020 to October 2024, to expand the market share and global reach.

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BASF (Germany) is a leading chemical company. The company operates under six business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It offers ecofriendly plasticizers through the chemicals segment under the petrochemicals division. The company’s research is divided into three global divisions: process research & chemical engineering, advanced materials & systems research, and bioscience research. It supplies products and services to around 90,000 customers. The company holds one of the top three market positions in around 80% of the business areas in which it is active. It operates six Verbund sites and 232 additional production sites across Europe, Asia Pacific, North America, South America, Central America, and the Middle East & Africa.

Eastman Chemical Company (US) has grown into a multinational maker of specialty materials with an emphasis on creating various advanced materials, functional goods, specialty additives, chemicals, and textiles. PVB sheets, window films, protective films, polyester polymers, and organic acids are just a few of the products in the company's wide range of offerings. These products are used in a variety of industries, including coatings, food and beverage, packaging, consumer durables, and agriculture. It operates in more than 100 countries and is dedicated to enhancing people's quality of life through sustainable techniques and creative solutions. The company is organized into five business segments: Advanced Materials, Additive & Functional Products, Chemical Intermediates, Fibers, and others allowing it to address the specific needs of its customers while driving growth and operational efficiency. The company offers eco-friendly plasticizers under the Chemical Intermediates division. The company is based in the US and has 36 manufacturing sites spread across 12 countries. The business operates in more than 100 countries and is present worldwide.

Evonik Industries AG (Germany) is one of the global leaders in the specialty chemicals industry, with a presence widely recognized for expertise in developing innovative solutions. The company operates through five major business lines: Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure. Eco-friendly plasticizers are also available through the Performance Materials segment, which also offers a broad portfolio of key intermediates for the areas of mobility, construction, hygiene, rubber, and polymers. It has a strong presence in more than 100 countries, supported by a production network of 104 locations located across six continents in 27 countries. This large global presence positions the company as one of the leaders and notable players in Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Lanxess (Germany) is a leading specialty chemical company offering diversified chemicals and derived products. It specializes in developing, manufacturing, and marketing chemical intermediates, additives, and consumer protection products across various industries, including automotive, pharmaceuticals, and agrochemicals. Lanxess operates through four major business segments consumer protection, specialty additives, advanced intermediates, and others. The company provides ecofriendly plasticizers through its specialty additives business segment The company has a global market presence in 32 countries in Europe, Asia Pacific, South America, and North America.

The Dow Chemical Company (US), is one of the leaders in specialty chemicals and materials science, catering to a broad spectrum of customers and applications. Dow has operations in about 160 countries and employs about 36,000 people. Its product portfolio is broad and diversified, encompassing a wide range of chemicals, polymers, and agricultural products mainly used by other industries rather than by direct consumers. The company offers its products in the following divisions: packaging and specialty plastics, performance materials and coatings, industrial intermediates, and infrastructure, and these products together serve end markets like electronics, consumer care, packaging, and infrastructure. The company offers eco-friendly plasticizers under the packaging and specialty plastics segment.

Related Reports:

Eco-Friendly Plasticizers Market by Product (Bio-based, Non-phthalate), Application (Packaging, Consumer Goods, Automotive & Transportation, Building & Construction, Textile, Agriculture & Horticulture), and Region - Global Forecast to 2030

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