vinyl flooring plasticizers market is projected to expand at a steady CAGR of 3.2% in terms of value throughout the period of assessment, 2018-2027. Vinyl flooring plasticizers market continues to witness lucrative opportunities across countries owing to the rising demand of flooring industry across the globe.
Moreover, increase in the demand of ecologically sound vinyl flooring products has influenced the adoption of non – phthalate plasticizers in the vinyl flooring market.
This has encouraged manufacturers to adopt for new innovations in order to meet the rising demand of non–phthalate plasticizers.
In a new study compiled by Fact.MR, the growth prospects for vinyl flooring plasticizers are likely to remain positive throughout the period of forecast.
In addition, the report reveals that the growth of vinyl flooring plasticizers market continues to sprint in Asia Pacific and Latin American region in the coming years.
Vinyl Flooring Plasticizers Market – Strengthening Flooring Industry
Flooring is one area in the construction industry that has been witnessing rapid changes over the past two decades.
The advent of several new technologies and materials along with the increasing use of specialized machinery have meant that the field has changed beyond recognition, especially with reference to the industrial and commercial flooring sectors.
The industrial and commercial flooring segments have been maintaining a healthy pace of growth in the recent few years.
The rising demand of vinyl flooring in the commercial sector like hospitals and sports clubs will escalate the growth of vinyl flooring plasticizers in the future.
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Asia Pacific Remained an Attractive Market for Vinyl Flooring Plasticizers
Asia Pacific has been witnessing significant growth in the vinyl flooring plasticizers market. APAC is expected to maintain its dominance in the vinyl flooring plasticizers market during the forecast period, 2018 to 2027.
The adoption of sustainable construction products by the people in APAC has led to an upsurge in the demand for vinyl flooring plasticizers.
Despite this, around 90% of the total plasticizers manufactured for flooring industry comes from phthalate-based plasticizers especially DEHP.
Europe has been the dominant vinyl flooring plasticizers market, commanding over 26% of the global demand. North America accounts for over 22% share in the global vinyl flooring plasticizers market.
Imports of PVC flooring from Asia to the United States have been on the rise over the last decade.
According to the statistics from the database USA Trade Online, the value of plastic floor covering imports from Asia to the U.S. rose around 5 times in 10 years.
The majority of those imports are likely to contain toxic phthalates such as DEHP.
Dinp Non-phthalate Plasticizer Is Expected to Gain Traction in the Market
The increase in the permissible limits of DINP by REACH in flooring products will help in strengthening the demand of phthalate plasticizers in the flooring industry.
DINP remained the preferred choice because of its low costs, low toxicity and high functional efficiencies in comparison to other phthalate plasticizers.
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Vinyl Flooring Plasticizers Market Remain Competitive
Tier 1 companies in the vinyl flooring plasticizers are fiercely competing for gaining higher shares by expanding their product portfolio.
Global players like BASF, ExxonMobil and Evonik strategized on creating non-phthalate plasticizers and bolstering their sales in the emerging markets with the help of joint ventures and acquisitions of small and medium enterprises in these regions.
On the other hand, regional players like Nan Ya Plastics, Shandong Qilu, LG Chem and others are focused on increasing their production capacities in order to fulfill the rising demand of vinyl flooring plasticizers in the emerging markets owing to the rising commercial sector in these regions.
However, stringent regulations on the use of phthalates along with the rising demand of linoleum and hardwood flooring will hinder the growth of vinyl flooring plasticizers in the future.
More than 60% of these companies rely on backward integration. The companies listed above are the major manufacturers of linear alcohols, which is an essential raw material used in making vinyl flooring plasticizers to strengthen their supply chain and reduce the overall product cost.
Key Segment:Vinyl Flooring Plasticizers Market
The non – phthalate segment is expected to gain traction in the forecast period owing to the increasing demand of sustainable construction products and stringent European regulations.
Segmentation by Plasticizer Type
- Phthalate Plasticizers
- Non – Phthalate Plasticizers
The plasticizer-type segmentation includes the production and sales of vinyl flooring plasticizers generated through various plasticizer type.
Plasticizers have been analyzed prudently to cover all types so that none of the revenue sources is missed out.
DEHP plasticizers is offering the highest sales in the vinyl flooring plasticizers market.
Segmentation by Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
The vinyl flooring plasticizers market study offers segmentation for five geographies and encompasses 22 countries across the globe.
The selection of countries have been done in terms of total production of vinyl flooring plasticizers generated from each country.
The segment-wise analysis has been given in each of the five regions. Asia Pacific has been the key market for vinyl flooring plasticizers accounting for over 40% share on the basis of volume and is expected to maintain its dominance throughout the forecast period.
Vinyl Flooring Plasticizers Market Scope Of The Report
Fact.MR offers a nine-year forecast on the global vinyl flooring plasticizers market. The key objective of the report is to offer updates and information related to market opportunities in the global vinyl flooring plasticizers market.
In revenue terms, the global vinyl flooring plasticizers market is poised to grow at a CAGR of 3.2%, during 2018 - 2027.
The vinyl flooring plasticizers market report explores the factors that are driving this market, and provides foresights about the opportunities that will shape the vinyl flooring plasticizers market in the years to come.
The vinyl flooring plasticizers market report also discusses about the factors that are hindering the growth of this market, with their impact in short, medium and long terms.
The study includes an elaborate discussion on the prevailing trends in the vinyl flooring plasticizers market.
Vinyl flooring plasticizers market has been displaying moderate to slow growth that varies from country-to-country.
In the emerging economies including China and India, vinyl flooring plasticizers market is displaying high growth.
The overall vinyl flooring plasticizers market can be seen to be in the moderate growth phase, while that in North America and Western Europe it can be said that the market is between growth and maturity.
In volume terms, the vinyl flooring plasticizers market is projected to reach 1.2 million tons by 2027.
Fact.MR analysts have segmented the vinyl flooring plasticizers market into plasticizer types and region.
The objective of the vinyl flooring plasticizers segment is to provide statistics and insights on phthalate and non – phthalate plasticizers on the basis of different regions.
The vinyl flooring plasticizers report includes analysis such as year-on-year (Y-o-Y) growth, BPS analysis, market attractiveness and absolute dollar opportunity. These set of analysis have been included to support the decision making process of the vinyl flooring plasticizers industry stakeholders.
The study also includes the competitive landscape, wherein market structure and the competition amongst players have been included.
This section includes market share analysis for Tier 1 and Tier 2 players, and competition analysis.
In addition to this, the vinyl flooring plasticizers report also offers company profiles section that includes the profiles of key competitors, their product offerings, challenges, focus areas, manufacturing facilities across the globe, segment share analysis, regional share analysis, financial performance, key strategies, key developments and SWOT analysis.
The companies included in the vinyl flooring plasticizers market report are 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. and Shandong Hongxin Chemicals Co. Ltd.
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