Global plasticizers market expected to reach USD 17.94 billion by 2024 and is anticipated to grow at a CAGR of 5.6% between 2018 and 2024. Plasticizers market is likely to grow considerably in the forecast time period, owing to the increasing demand for plasticizers by the packaging, automotive, and construction industries.
The report covers forecast and analysis for the plasticizers market on a global and regional level. The study provides historical information from 2015 to 2017 along with a forecast from 2018 to 2024 based on volume (Kilotons) and revenue (USD Billion). The complete study covers the key drivers and restraints for the plasticizers market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the plasticizers market on a global level.
In order to offer the users of this report, a comprehensive read on the plasticizers market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the plasticizers market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments have been benchmarked supported their market size, rate, and general attractiveness.
The study also includes the market share of the key participants operating in the plasticizers market globally. Besides, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, joint ventures, and regional growth of key players within the market on global and regional bases.
The study provides a crucial view of the plasticizers market by segmenting the market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. By type, this global market includes phthalates, terephthalates, aliphatics, trimellitates, polymerics, epoxy, phosphates, and others. By application, the global plasticizers market includes automotive, cables and wires, flooring and roofing covering, coated fabric, consumer goods, packaging, and others (toys, tubes and hoses, and inks and waxes). Additionally, the regional classification includes the key regions: such as Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Some countries included in the report are the U.S., Germany, UK, France, China, and, India among others.
The study provides the exhaustive company profiles of the worldwide market along with an in-depth description of various end players. Some key manufacturers included are BASF, Dow Chemicals, ExxonMobil, Evonik Industries, Arkema, Eastman Chemicals, Clariant International, Adeka, UPC Group, Blue Sail Chemical Group, and Aekyung Petrochemical, among others.
This report segments the global plasticizers market as:
Global Plasticizers Market: Type Analysis
Global Plasticizers Market: Application Analysis
Global Plasticizers Market: Regional Analysis
Plasticizers are used as additives to decrease the viscosity or increase the plasticity of materials and make materials softer. These are either liquids with low volatility or solids. Plasticizers are colorless nonvolatile liquids that are classified according to their function or structure. Plasticizers are widely used to transform PVC polymer into flexible, soft, and elastic materials.
Plasticizers market is estimated to grow considerably, due to the increased demand for PVC and other polymers in several applications. There has been a rise in the overall plasticizers demand, owing to the increase in the application of polymeric material in the automotive, construction, and consumer goods industries. Additionally, the demand for phthalate plasticizers in packaging is increasing significantly due to the material’s easy availability and cost-effectiveness. Considering all these factors, it is expected that the demand for plasticizers is likely to increase and have a positive impact on the overall market growth. Furthermore, rising construction activities globally and rapid industrialization in emerging countries, such as India, China, and Brazil, is further propelling the demand for plasticizers. These are widely used in the automotive industry for manufacturing protective underbody coatings and designing. Plasticizers are widely used in the production of PVC for floor and roofing covering purposes. But, environmental regulations for plasticizers and PVC toxicity might hinder this market’s growth in the near future. However, technological advancements for bio-plasticizers are expected to create numerous growth opportunities for the plasticizers market in the future.
The plasticizers market is divided based on type and application. By type, the market for plasticizers includes phthalates, terephthalates, aliphatics, trimellitates, polymerics, epoxy, phosphates, and others. The phthalates segment dominated the market and is expected to maintain its dominance in the upcoming years, due to its cost-effectiveness and easy availability, among other versatile properties. Moreover, epoxy and polymerics plasticizers are expected to grow at a fast rate, due to increased product demand for construction and automotive applications. By application, the plasticizers market is segmented into automotive, cables and wires, flooring and roofing covering, coated fabric, consumer goods, packaging, and others. Increasing usage of plasticizers, especially in the automotive and cables and wires industries, is further estimated to drive this market’s growth significantly in the forecast time period.
The regional analysis of plasticizers market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2017, Asia Pacific dominated this market, due to the growing construction and automotive industries. Additionally, increasing demand for plasticizers for wire and cable sector is estimated to fuel the Asia Pacific plasticizers market during the forecast time period.
Some key players operating in the global plasticizers market include BASF, Dow Chemicals, ExxonMobil, Evonik Industries, Arkema, Eastman Chemicals, Clariant International, Adeka, UPC Group, Blue Sail Chemical Group, and Aekyung Petrochemical, among others.
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