[Report of 126 Pages] The plasticizers market was worth USD 11.67 billion in 2016 and is expected to reach USD 16.15 billion by 2022, growing at a CAGR of 5.7 percent. Plasticizers are in high demand in a variety of applications, including flooring and wall coverings, wire and cable, coated fabrics, consumer goods, and film and sheet.
Plasticizers are polymer additives that improve the plasticized materials’ flexibility, softness, workability, and volatility. Depending on the modifications made to the materials to which they are applied, they may be internal or exterior. External plasticizers can also be classified as primary or secondary. Primary plasticizers produce material elongation and softening, whereas secondary plasticizers have limited polymer compatibility and are employed in combination with other plasticizers. Moreover, throughout the forecast period, the market is likely to be propelled by rising use of non-phthalate and high molecular weight phthalate plasticizers, as well as increased demand for bio-based materials. Plasticizers come in a variety of forms, with phthalates, terephthalates, epoxies, and aliphatics being the most popular.
Demand for flexible PVC in various applications, increased acceptance of non-phthalate and high molecular weight phthalate plasticizers, and expansion in the packaging industry are driving the worldwide plasticizers market. Due to large demand and production in China, as well as a fast-developing market in India and other countries, Asia-Pacific dominates the market in terms of volume and growth. The market’s growth is limited by strict regulatory limitations on particular phthalates and the toxicity of PVC. Continuous innovation in plasticizers, which has resulted in the development of bio-derived types, as well as R&D initiatives by various market participants to develop new applications, are expected to provide several opportunities for the plasticizer market to grow.
Impact Of Covid-19 On The Global Plasticizers Market :
Due to the COVID-19 pandemic, transportation restrictions were imposed, resulting in lower industrial production and interrupted supply chains, which had a significant influence on global economic growth and market expansion.
The companies have not made any money as a result of the work stoppage, and not only have they lost money, but they have also lost suppliers that supply the necessary materials to various companies for use in the construction sector, and all of those suppliers have suffered significant losses.
Furthermore, during COVID-19, manufacturing enterprises worked with a reduced staff due to social distance customs, significantly impacting production and building operations.
KEY MARKET PLAYERS :
- Arkema S.A.
- BASF SE
- Daelim Industrial Co. Ltd.
- Dow Chemical Company
- LG Chem Ltd.
- Evonik Industries AG
- ExxonMobil Chemical
- Eastman Chemical Company
- Ineos Group
- UPC Group
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By Type :
- Phthalates
- Diisononyl Phthalate (DINP)
- Diisodecyl Phthalate (DIDP)
- Di-(2-Propyl Heptyl) Phthalate (DPHP)
- Dioctyl Phthalate (DOP)
- Other Phthalates
- Terephthalates
- Trimellitates
- Epoxides
- Phosphates
- Sebacates
- Extenders
- Aliphatic Dibasic Esters
- Others
By Application :
- Flooring & Wall
- Film & Sheet Coverings
- Wires & Cables
- Coated Fabrics
- Consumer Goods
- Others
By Region :
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA
