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Vinyl Flooring Plasticizers Market

Vinyl Flooring Plasticizers Market Analysis by Plasticizer Type (Pthalates [DINP, DIDP, DEHP], Non-Pthalates [Benzoates, DEHT, DINCH]), by Region - Global Forecast 2022-2032

Analysis of Vinyl Flooring Plasticizers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Global Vinyl Flooring Plasticizers Market Outlook

The global vinyl flooring plasticizers market is estimated at USD 1,349 million in 2022 and is forecast to reach USD 1,880 million by 2032, growing with a CAGR of 3.2% from 2022-2032.



Market size value in 2021A

USD 1,307 Million

Market size value estimated in 2022E

USD 1,349 Million

Market forecast value in 2032F

USD 1,880 Million

Global Growth Rate (2022-2032)

CAGR 3.2%

Top 5 Companies Market Share


Key Companies Profiled

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

Fact.MR estimates vinyl flooring plasticizer market value to reach USD 1,880 Million valuation by 2032 end, and shall account for around 30% of the overall plasticizer sales value during the same period.

In the meantime, vinyl flooring plasticizer consumption is projected to increase with a CAGR of around 3.2% over next decade while valuation being at USD 1,880 million by 2032 end, evaluates Fact.MR- a market research and competitive intelligence provider.

Moreover, production of vinyl flooring plasticizer stood at around 1,072 Kilo tons in 2021, accounting for 34% of total plasticizer production and is poised to grow with a CAGR of around 2.8% with production projected to reach 1,570 Kilo tons by 2032 end.

Attributed to vinyl flooring plasticizer offerings such as flexibility, longevity, durability and resilience has propped its consumption in flooring application. Additionally, over the past half-decade trends to install resilient floors have emerged thus opening new avenues for vinyl flooring plasticizers.

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Vinyl Flooring Plasticizers Market Outlook (2017-2032)

According to the latest research by Fact.MR- a market research and competitive intelligence provider, global vinyl flooring plasticizers consumption over past half-decade has grown with a CAGR of around 2.4%. Meanwhile global volume consumption by 2021 end stood at around 1,072 Kilo tons.

Vinyl flooring plasticizer made with phthalates still dominates the market holding around 80% of the total market share in 2021. Meanwhile non- phthalates vinyl flooring plasticizers have gained substantial traction attributed to ill effects of phthalates based plasticizers.

Additionally, various government bodies in Europe and US have identified prime health issues associated with the use of ortho-phthalates, such as carcinogenicity, hence its use is not permitted in various flooring products.

Owing to above discussed factors phthalates based plasticizers has seen a dip in consumption for flooring application. Thus non- phthalates based plasticizers in vinyl flooring application is projected to grow with a CAGR of around 3.0% over next decade.

Moreover, rising housing activities globally calls for resilient flooring installation thus providing major boost to the sales of vinyl flooring plasticizers in the coming years.

Changing consumer preferences along with rising awareness towards use of substances which showcases minimal ill effects have risen in recent years thus providing positive outlook to the manufacturers for production of non- phthalates based vinyl flooring plasticizers.

Adoption of Vinyl Flooring Plasticizer in Healthcare institutions to Drive Global Market?

Healthcare institutions have increased their reliability on sustainable building practices. Sustainable flooring solutions have gained traction as providing best experience to patients is an essential part of the whole ecosystem. Vinyl flooring ensures comfortable walk and stand on, exclusively for nurses, helps in lowering noise levels and also reduces the necessity for harsh cleaning with chemicals.

Moreover, adoption of non-phthalates based vinyl flooring plasticizers have been highest in healthcare ecosystem attributed to minimal ill effect it has towards human health.

Vinyl Flooring Plasticizers Market

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Country Wise Analysis

What makes US Growth Driver for Vinyl Flooring Plasticizer Consumption?

US vinyl flooring plasticizer has shown considerable growth over the past decade owing to rise in trend for resilient flooring installation. US consumers demand aesthetic look along with durability which vinyl plasticizers can easily provide. Moreover, US authorities are trying to impose stringent regulations on phthalates based vinyl plasticizers hence paving way for non- phthalates based.

Attributed to above discussed factors US is poised to hold around 20% of the global market share while at the same time providing high absolute $ opportunity.

What Makes Germany Prominent for Driving Consumption of Vinyl Flooring Plasticizers?

Germany is projected to provide highest absolute $ opportunity over next decade. This is mainly attributed to well establish flooring market in the country along with growth in demand for aesthetic flooring installations.

Moreover, rise in awareness regarding ill effects of phthalates based plasticizers have compelled various manufacturers to expand their production capacities thus driving the regional market with a CAGR of around 2.8%.

Also, Germany is projected to provide high incremental $ opportunity over the projected forecast period.

Vinyl flooring plasticizer market by Fact.MR

Category Wise Analysis

Which Plasticizer Type is Poised Expected to Drive Global Market?

Phthalates based vinyl plasticizers are projected to account for prominent share in the market. This is mainly attributed to rapid urbanization which is leading to expansion of housing activities at considerable rates.

Moreover, replacement of conventional floors with more aesthetic ones are in trend calling for use of high performance materials such as vinyl plasticizers.

Attributed to these above discussed factors phthalates based vinyl plasticizers i will dominate the global market thus providing absolute $ opportunity.

Why non-phthalates based vinyl plasticizers is gaining much traction?

Manufacturers and suppliers in the flooring industry opting for more environmentally responsible products for residential and non-residential applications.

Manufacturers have leveraged their resources on new emerging technologies to develop products offering increased design flexibility, but reduced ecological impact. Major retailers are encouraging vendors to reformulate products toward less toxic and more sustainable profiles, ahead of government mandates.

Hence, attributed to these factors demand for non-phthalates based vinyl plasticizers will grow multifold thus poised to grow with higher single digit CAGR over the forecast period.

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Competition Landscape

BASF SE, UPC Group, ExxonMobil Corporation, LG Chem Ltd, Eastman Chemical Company, Evonik Industries AG, Aekyung Petrochemical Co., Ltd., Nan Ya Plastics Corporation, Shandong Qilu Plasticizers Co., Ltd, Shandong Hongxin Chemicals Co. Ltd.are some of the prominent players in the vinyl flooring plasticizers market.

Fact.MR has provided detailed information about price points of top manufacturers of vinyl flooring plasticizers positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion in the recently published report.

Key Segments

  • By Plasticizer Type

    • Pthalates
      • DINP
      • DIDP
      • DEHP
      • Others
    • Non-Pthalates
      • Benzoates
      • DEHT
      • DINCH
      • Others
  • By Region

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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Currently, vinyl flooring plasticizers market is valued at USD 1,307 Million.

Vinyl flooring plasticizers consumption value is expected to grow at a CAGR of around 3.2% during the period 2022-2032.

In terms of consumption value, vinyl flooring plasticizers grew with a CAGR of around 2.8% during 2017-2021

Key players can been mainly seen involved in development of eco-friendly vinyl plasticizers.

Top companies in the manufacturing of vinyl flooring plasticizers are BASF SE, UPC Group, ExxonMobil Corporation, LG Chem Ltd, Eastman Chemical Company, and Evonik Industries AG

US is estimated to hold around 20% of the global vinyl flooring plasticizers market.

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