Plasticizers Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

Over the years, the demand for plasticizers has increased manifolds as the world is increasingly consuming a greater number of plastic components over its metal and wood substitute. Plasticizers are used mainly in the conversion of rigid PVC into flexible, soft, and elastic PVC which commonly founds applications in a range of industries including transportation, construction, healthcare, and residential. For instance, in the transportation industry, flexible PVC is used for upholstery, dashboards, flooring, headliner, tonneau, and mud flaps whereas, in the healthcare industry, it is used for the manufacturing of IV bags, BP cuffs, VT sleeves, incontinence products, body bags, mattress/gurney covers, wallpaper, flooring, upholstery, pharmaceutical package/labels. As the global demand for flexible PVC is growing due to the rising production from end markets thereby PVC manufacturers are making efforts to increase their manufacturing capability, thereby promoting the consumption of raw materials including plasticizers.

According to UnivDatos Market Insights (UMI)’ research report “Global Plasticizers Market”, the market is expected to showcase a growth of around 5% during the forecast period. Plasticizers are widely consumed in the production of flexible PVC. As the demand for flexible PVC is growing due to rising demand from end markets like the transportation and construction industries, thus, PVC manufacturers are making significant efforts to increase their production capabilities which eventually boosts the demand for plasticizers.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31713&utm_source=linkedin&utm_medium=himan

Based on type, the market is categorized into phthalates, terephthalates, epoxies, aliphatics, trimellitates, and others. Among these, phthalates accounted for a major share of the market due to their high degree of compatibility with PVC, as a result, it is preferred by flexible PVC manufacturers. However, several country governments have implemented stringent regulations on the use of phthalates as a plasticizer which might provide resistance to its demand during the forecast period.

Based on application, the market is categorized into wire & cable, film & sheet, flooring & wall covering, consumer goods, coatings, and others. Among these, the wire & cable category is likely to showcase significant growth owing to increasing investment in all the establishments like industrial, commercial, and residential, as a result, a large amount of wire & cable will be required, this in turn fuel the demand for flexible PVC for insulation purpose, thereby escalate the demand for plasticizers.

Asia-Pacific is expected to showcase robust growth over the forecast period

For a better understanding of the market adoption of Plasticizers, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region captured a majority share of the global plasticizers market, and it is likely to take more position in the market during the forecast period. Large and growing end-use industries in regional economies like China, India, and ASEAN countries along with a growing population coupled with rising disposable income are fueling the market growth.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31713&utm_source=linkedin&utm_medium=himan

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Plasticizers market include ExxonMobil Corporation, UPC Technology Corporation, Aekyung Chemical Co. Ltd., BASF SE, Nan Ya Plastics Corporation, Eastman Chemical Company, Evonik Industries AG, LG Chem Ltd., Shandong Hongxing Chemical Co. Ltd., and The Dow Chemical Company. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Plasticizers Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1.      By Type (Phthalates, Terephthalates, Epoxies, Aliphatics, Trimellitates, and Others)

2.      By Application (Wire & Cable, Film & Sheet, Flooring & Wall Covering, Consumer Goods, Coatings, and Others)

3.      By Region (North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), and Rest of World)

4.      By Company (ExxonMobil Corporation, UPC Technology Corporation, Aekyung Chemical Co. Ltd., BASF SE, Nan Ya Plastics Corporation, Eastman Chemical Company, Evonik Industries AG, LG Chem Ltd., Shandong Hongxing Chemical Co. Ltd., and The Dow Chemical Company)

Key questions answered in the study:

1.      What are the current and future trends of the global plasticizers industry?

2.      How the industry has been evolving in terms of type and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global plasticizers industry?

5.      What are the customer orientation, purchase behavior, and expectations from the global plasticizers suppliers across various region and countries?