Plasticizers Market Size, Share & Industry Analysis, By Type (Phthalates, Non-phthalates), By Application (Flooring & Wall Covering, Wire & Cable, Consumer Goods, Film & Sheet, Coated Fabrics, Others) And Regional Forecast 2023-2030
KEY INDUSTRY INSIGHTS
Plasticizers are the additives that are used to make the material softer and flexible and increase its plasticity. These additives significantly decrease the viscosity and coefficient of friction during the manufacturing process. They are commonly added to rubber, polymers primarily for easy handling of raw materials and meeting the demand of the resultant product. plasticizers are also added to concrete preparations to increase their workability.
Growing demand for flexible polymers like PVC for different applications like plumbing, construction, consumer goods, wires & cables insulation, coated fabrics and other is expected to drive the market. Increasing adoption of PVC in construction and consumer good segment is expected to positively impact the market. Moreover, use of plasticizers in concrete and cement formulations is likely to fuel the market growth.
However, certain plasticizers contain phthalates which are potentially hazardous for human health and environment. This is expected to hinder the market growth.
Key Market Driver -
Increasing demand for flexible polymers.
Key Market Restraint -
Rising concerns regarding use of phthalates.
Market Segmentation:
Based on type, the global plasticizers market is segmented into phthalates and non-phthalates. Based on application, market is segmented into flooring & wall covering, wire & cable, consumer goods, film & sheet, coated fabrics, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global plasticizers market consists of global & regional players operating. Some of the key players in the market include UPC Technology Corporation, BASF SE, Exxon Mobil Corporation, Nan Ya Plastics Corporation, Eastman Chemical Company, Evonik Industries, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Plasticizers Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold the largest share in market due to the increasing demand from packaging and construction applications. Additionally, large consumer base present in India and China shall fuel the regional growth. North America is expected to show significant growth due to the growing demand for polymers from electronic and textiles sector. Europe is anticipated to show considerable growth due to rapid industrialization and substantially growing demand for polymers from various end-sectors. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
To gain extensive insights into the market, Request for Customization
Segmentation
ATTRIBUTE | DETAILS |
By Type |
|
By Application |
|
By Geography |
|
Plasticizers Industry Developments
- In July 2017, BASF started the production of DOTP plasticizer under the brand name Palatinol at the Pasadena manufacturing facility situated in Texas. The manufacturing facility has nameplate capacity of 60000 tons per year.
- In May 2016, Eastman Chemical company expanded its range of non-phthalate plasticizers under the brand name VersaMax. The new product Versamax Plus is the second product installment of the company.
- Ongoing
- 2022
- 2019-2021
Personalize this Research
- Granular Research on Specified Regions or Segments
- Companies Profiled based on User Requirement
- Broader Insights Pertaining to a Specific Segment or Region
- Breaking Down Competitive Landscape as per Your Requirement
- Other Specific Requirement on Customization
Chemicals & Materials Clients
