Global Plasticizers Market

Plasticizers are also called dispersants. They have the advent property of decreasing the plasticity or decrease the viscosity of the material. They are added in order to alter their physical properties and are found in either liquid with low volatility or solid. Plasticizers are most widely used additives in the plastic industry as it is cheaper than other additives used in polymer processing. Whereas, the immense application helps in making the product softer, flexible, enables processing easier and does not break easily in cold temperature, therefore it has prominent growth in end-use industries. The increase in demand for flexible PVC and rising demand from the construction industry are driving the growth of the market over the forecast years. The efficient application of plasticizers in the construction industry and rising growth in the construction industry fuels the growth of the market over the forecast years. For instance: As per Statista, the global construction industry spending in 2018 accounts for USD 11.40 trillion and is projected to grow USD 14 trillion up to 2025. Whereas, Stringent regulations on the use of phthalates plasticizers and the migration effect of it on non-PVC components is hampering the growth of the market over the forecast years. However, emerging demand for Eco-friendly plasticizers is an opportunity for the growth of the market over the upcoming years.

Global Plasticizers Market is valued approximately at USD 12.99 Billion in 2018 and is anticipated to grow with a growth rate of more than 5.50% over the forecast period 2019-2026 and is estimated to reach USD 19.94 Billion by 2026.

The regional analysis of the global market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific accounts for the largest share in the global Plasticizers market owing to the rising construction sector in the emerging economies. Similarly, Asia Pacific is the fastest-growing region in the global plasticizers market due to the rising demand for flexible PVC.

Market players included in this report are UPC Technology, ExxonMobil, Aekyung Petrochemical, BASF, NAN YA Plastics, Eastman, Evonik Industries, LG Chem, Shandong Hongxin Chemicals, and DIC Corporation

The detailed segments and sub-segment of the market are explained below:

By Type: Phthalates plasticizers, Non- Phthalates Plasticizers

By Application: Flooring & Wall Covering, Wire & Cable, Coated Fabric, Consumer goods, Films & Sheet, Others

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