PUBLISHER: Value Market Research | PRODUCT CODE: 1267762
PUBLISHER: Value Market Research | PRODUCT CODE: 1267762
The global demand for Plasticizers Market is presumed to reach the market size of nearly USD 32.39 BN by 2030 from USD 17.12 BN in 2022 with a CAGR of 8.3% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2023-2030.
Plasticizers are chemical additives that are added to plastics to improve their flexibility, durability, and workability. They are typically added to plastics during the manufacturing process to make them easier to process, more flexible, and more resistant to cracking and breaking. Plasticizers work by softening the polymer chains in plastic, which makes the material more flexible and easier to bend and shape. They also reduce the glass transition temperature (Tg) of the plastic, which makes it more resistant to cracking and breaking at low temperatures.
PVC is the most commonly used plastic in the world, and plasticizers are an essential component in the manufacturing of flexible PVC products such as pipes, cables, and flooring. As the demand for flexible PVC products increases, so does the demand for plasticizers. The construction and automotive industries are big plasticizers consumers, as they are used in a wide range of products such as window profiles, roofing membranes, and automotive interiors. As these industries continue to grow, the demand for plasticizers is expected to increase. Phthalate plasticizers have been linked to health concerns, leading to a shift towards non-phthalate plasticizers such as adipates, trimellitates, and citrates. This shift is expected to drive the demand for non-phthalate plasticizers in the coming years. Emerging markets such as China, India, and Brazil are experiencing rapid economic growth, leading to increased demand for PVC products and plasticizers, thereby driving the demand for plasticizers in these regions. The development of new and innovative plasticizers is expected to boost the demand for these products. For example, bio-based plasticizers, which are derived from renewable resources such as vegetable oils, are gaining popularity as they are a sustainable alternative to traditional plasticizers. Regulatory bodies (Environmental Protection Agency (EPA) and the European Chemicals Agency (ECHA)) have implemented regulations to restrict the use of certain types of plasticizers, particularly phthalates, in certain applications. This is also expected to support the demand for alternative plasticizers that comply with these regulations.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of plasticizers. The growth and trends of Plasticizers Industry provide a holistic approach to this study.
This section of the plasticizers market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Plasticizers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the plasticizers market include UPC Technology (Taiwan), ExxonMobil (US), Nan Ya Plastic (Kaohsiung), BASF (Seoul), Eastman Chemical Company (US), Evonik Industries (Germany), LG Chem ( South Korea), Shandong Hongxin Chemicals (China), Shandong Qilu Plasticizers (China), Aekyung Petrochemical (South Korea). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.