NEW YORK, Jan. 11, 2022
- Phthalates based Vinyl Plasticizers to Remain Dominant in the Vinyl Flooring Plasticizers Market
- Fact.MR's latest study on the global vinyl flooring plasticizers market provides a detailed analysis of various drivers, trends, and opportunities from 2022 to 2032. In addition, it presents elaborate information about the leading segments in terms of plasticizer type and region
NEW YORK, Jan. 11, 2022 /PRNewswire/ -- From 2022 to 2032, the global vinyl flooring plasticizers market is expected to increase at a CAGR of 3.2 percent, from USD 1,349 million in 2022 to USD 1,880 million in 2032.
Furthermore, vinyl flooring plasticizer production reached 1,072 Kilo tonnes in 2021, accounting for 34% of overall plasticizer production, and is expected to expand at a CAGR of roughly 2.8 percent through 2032, with production reaching 1,570 Kilo tonnes.
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The benefits of vinyl flooring plasticizers, such as flexibility, lifespan, durability, and resilience, have boosted their use in flooring. In addition, over the previous half-decade, new trends in resilient flooring installation have arisen, providing new opportunities for vinyl flooring plasticizers.
Vinyl flooring plasticizer containing phthalates continues to dominate the industry, accounting for around 80% of total market share in 2021. Meanwhile, due to the negative consequences of phthalates-based plasticizers, non-phthalates vinyl flooring plasticizers have acquired a lot of traction.
The use of phthalates-based plasticizers in flooring applications has decreased. Thus, over the next decade, non-phthalates based plasticizers in vinyl flooring applications are expected to expand at a CAGR of roughly 3.0%.
The largest rate of use of non-phthalates based vinyl flooring plasticizers has been in the healthcare ecosystem, owing to the minimum negative impact on human health.
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In a recently published analysis, Fact.MR provides thorough information about price points of leading manufacturers of vinyl flooring plasticizers positioned throughout geographies, as well as sales growth information, production capacity, and speculative production expansion.
Key Players in the Vinyl Flooring Plasticizers Market Include:
More Valuable Insights on Vinyl Flooring Plasticizers Market
Fact.MR provides an unbiased analysis of the vinyl flooring plasticizers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global vinyl flooring plasticizers market with a detailed segmentation on the basis of:
Key Questions Covered in Vinyl Flooring Plasticizers Market Report
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