Mitsubishi Chemical Corporation, Evonik Industries AG and Kao Corporation are Dominating the Global Non-Phthalate Plasticizers Market in 2020

Global Non-Phthalate Plasticizers Market is expected to grow with the CAGR of 8.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global non-phthalate plasticizers market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global non-phthalate plasticizers market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In December 2012, Evonik Industries AG launched new generation of PVC plasticizers to expand its portfolio and include phthalate-free products. Total investment in the project is in the double-digit million Euro range. This development has helped the company to increase its production and product portfolio.

Mitsubishi Chemical Corporation is the dominating player in global non-phthalate plasticizers market. The other key players existing in the market includes BASF SE, Avient Corporation, LANXESS, Emerald Performance Materials, NAN YA PLASTICS CORPORATION, Harman Corporation, Evonik Industries AG, Eastman Chemical Company, DIC CORPORATION, Kao Corporation, LG Chem, Perstorp, UPC Technology Corporation, ZHEJIANGJIAAO ENPROTECH STOCK CO., LTD, Kaifeng Jiuhong Chemical Co., Ltd., Henan GO Biotech Co., Ltd, Valtris Specialty Chemicals, Velsicol Chemical LLC, and Ferro Corporation among others. .

Non-phthalate Plasticizers Market Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation is headquartered in Ludwigshafen, Germany and was founded in 1865. The company is engaged in providing chemicals, plastics, performance products and crop protection products to various sectors. The product categories of the company include Automotive & Transportation, Agriculture, Plastics & Rubber, Electronics & Electric, Construction, Energy & Resources, Pharmaceuticals, Textile, Leather & Footwear, Furniture & Wood, Packaging & Print, Pulp & Paper, Home Care and I&I Cleaning, Paints & Coatings, Personal Care & Hygiene, Chemicals, Nutrition, Coating Solutions out of which Chemicals is the market focused category.

  • In 2020, Mitsubishi Chemical Corporation had completed the acquisition of Gelest. The company's business is manufacturing and selling silicon chemicals, methacrylates, and metal-organic compounds in the U.S. This development helped the company to increase its production capacity and global presence.

The company has wide global presence acrossAmericas, Asia, Middle East and Africa and Europe. Also Company generate revenue from various subsidiaries such as BASF Coatings GmbH (Germany), Wintershall, BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) among others.

Evonik Industries AG

Evonik Industries AG is headquartered in Essen, Germany and was founded in 2007. The company is engaged in manufacturing of specialty chemicals for automotive and plastics industry. The product categories of the company include Products in the Web, Search Our Product, Industry Terms, Market, Application and Our GTC out of which Products in the Web Is the market focused category.

  • In December 2012, Evonik Industries AG launched new generation of PVC plasticizers to expand its portfolio and include phthalate-free products. Total investment in the project is in the double-digit million Euro range. This development has helped the company to increase its production and product portfolio.

The company has presence in Asia, North America, Europe, Australia/Oceania, South America, Africa and Middle East. In addition to it, the company also generates its revenue from the various subsidiary companies such as Evonik Degussa GmbH (Germany), Evonik (Thailand) Ltd. (Thailand), Evonik Australia Pty Ltd (Australia) and Evonik (Canada) among others.

Kao Corporation

Kao Corporation is headquartered in Tokyo, Japan and was founded in 1887. The company is engaged in the manufacturing of cleanliness, beauty and health care products. Some of the product category include Cosmetics, Skin Care Hair Care, Salon, Human Health Care, Fabric and Home Care, Chemical Products out of which Chemical Products is the market focused category.

The company has wide global presence in Asia-Pacific, Europe, Americas, Middle East and Africa. Also, Company generate revenue from various subsidiaries such as Kanebo Cosmetics (Japan), Molton Brown (U.K.), KAO USA Inc. (U.S.), Kao Industrial (Thailand) Company Limited (Thailand), Kao (Hong Kong) Ltd. (Hong Kong) and many others.