US to capture 20% of global vinyl flooring plasticizer market share

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NEW YORK, January 11, 2022 /PRNewswire/ — From 2022 to 2032, the global vinyl flooring plasticizer market is expected to grow at a CAGR of 3.2%, from $1,349 million in 2022 at $1,880 million in 2032.

In addition, the production of plasticizers for vinyl flooring reached 1,072 kilotons in 2021, representing 34% of global plasticizer production, and is expected to grow at a CAGR of around 2.8% through 2032. , with production reaching 1,570 kilotons.

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The advantages of plasticizers for vinyl flooring, such as flexibility, lifespan, durability and resilience, have spurred their use in flooring. Additionally, over the past half-decade, new trends in resilient flooring installation have emerged, providing new opportunities for vinyl flooring plasticizers.

Plasticizers for vinyl flooring containing phthalates continue to dominate the industry, accounting for approximately 80% of the total market share in 2021. Meanwhile, due to the negative consequences of plasticizers containing phthalates, plasticizers for Phthalate-free vinyl flooring has gained a lot of success.

The use of phthalate plasticizers in flooring applications has declined. Thus, over the next decade, non-phthalate plasticizers in vinyl flooring applications are expected to increase at a CAGR of approximately 3.0%.

The highest usage rate of phthalate-free vinyl flooring plasticizers has been recorded in the health ecosystem, due to the minimal negative impact on human health.

Key points to remember:

  • The United States accounts for nearly 20% of the global vinyl flooring plasticizer market share.
  • Germany The vinyl flooring plasticizer market is expected to grow at a CAGR of over 2.8% during the forecast period.
  • Phthalate-based vinyl plasticizers hold the top market share.

Growth drivers:

  • Flexibility, Longevity, Durability and Resilience Characteristics of Vinyl Flooring Plasticizers to Drive Global Demand.
  • Rising trend of resilient flooring to create lucrative opportunities for vinyl flooring plasticizers.
  • Adoption of plasticizers for vinyl flooring in healthcare industry to drive market growth.

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Competitive landscape

In a newly released analysis, Fact.MR provides detailed price information for major vinyl flooring plasticizer manufacturers positioned across all geographies, along with insights on sales growth, production capacity and market growth. speculative expansion of production.

Major Players of Vinyl Flooring Plasticizers Market Include:

  • BASF SE
  • UPC Group
  • ExxonMobil Corporation
  • LG Chemicals Ltd.
  • Eastman Chemical Company
  • Evonik Industries SA
  • Aekyung Petrochemical Co., Ltd.
  • Nan Ya Plastics Corporation
  • Shandong Qilu Plasticizers Co., Ltd.
  • Shandong Hongxin Chemicals Co.Ltd.

More Valuable Insights into Vinyl Flooring Plasticizer Market

Fact.MR provides an unbiased analysis of the Vinyl Flooring Plasticizer market, presenting historical demand data (2017-2021) and forecast statistics for the period 2022-2032. The study discloses compelling insights into the Global Vinyl Flooring Plasticizers Market with detailed segmentation on the basis of:

  • By type of plasticizer
    • Phthalates
    • Without phthalates
      • Benzoates
      • DEHT
      • DINCH
      • Others
  • By region
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Key questions covered in Vinyl Flooring Plasticizers Market report

  • The report provides an overview of the demand outlook for the vinyl flooring plasticizers market for 2022-2032.
  • The market study also highlights the predicted sales growth for the vinyl flooring plasticizers market between 2022 and 2032.
  • The Vinyl Flooring Plasticizers Market investigation identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and advancements technologies within the industry.
  • Vinyl Flooring Plasticizers Market share analysis of major companies in the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, etc.

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