Business Network New York
Companies:51,220
Products and Services:2,875
Articles and publications:31,146 (+2)
Tenders & Vacancies:17

Industry Research Report on Global Plasticizers Trends and Growth Forecast to 2024
Information may not be reliable

7/12/2021
The global plasticizers market is projected to witness a healthy growth in the coming years, as reported by Transparency Market Research (TMR)

The global plasticizers market is projected to witness a healthy growth in the coming years, as reported by Transparency Market Research (TMR). The market’s business landscape features fragmentation at present, with the marked presence of several vendors. Both local and global vendors feature in the global plasticizers market. High rivalry exists among the market vendors, and they are expected to adopt several strategies to beat their competitors.

A leading strategy leveraged by vendors in the global plasticizers market is the launch of novel products. Vendors are focusing on providing technological innovations in their product offering. This is expected to work in the favor of new vendors entering the global plasticizers market in the coming years. Maintaining high product quality, and development of eco-friendly products are other strategies likely to be adopted by market vendors in order to sustain in the global plasticizers market in the coming years.

Key players operating in the global plasticizers market are LG Chem Ltd., BASF SE, UPC Technology Corp., ExxonMobil Corporation, and Eastman Chemical Company.

As predicted by TMR analysts, the global plasticizers market, estimated to be worth US$14.85 bn in 2015 is expected to reach US$23.87 bn by 2024. Over the forecast duration from 2016 to 2024, the global market is likely to exhibit a 5.50% CAGR.

Request a Sample –

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=753

The colossal demand from commercial, residential, and corporate sectors contributes to the healthy and growing demand in the floor walls and coverings segment of the market. Geographically, the global plasticizers market is anticipated to be led by Asia Pacific, with a 6.10% CAGR.

Bio-plasticizers to Offer Lucrative Growth Opportunity

Various regulatory authorities have underway efforts to promote products that are environmentally friendly and have led to an increase in the demand for bio-plasticizers in developed regions. Bio-based plasticizers are produced from vegetable raw materials and used as a plasticizer alternative to petroleum. End users are looking for secure, biodegradable and non-phthalate-based plasticizers to guarantee sustainability. The plasticizer based on phthalates was prominent and accounted for more than 75% of the global plasticizer market. But the demand for bioplasticisers, which is a current top market trend has been stimulated through tough governance legislation and increased consumer health concerns.

Surge in Disposable Incomes to Boost Growth

The global rising working and consumer class is expected to escalate disposable incomes and improve lifestyle, thereby facilitating the population's luxuries. In turn, sales for end-user products such as automobiles, packaged food, electronics, personal care product, toys and others may increase. This is expected to amplify demand in the global plasticizers market.

Buy now-

https://www.transparencymarketresearch.com/checkout.php?rep_id=753&ltype=S

Trend of Lightweight Vehicles to Drive Market

In particular, consumers are increasing demand for PVC products in the automotive industry as a preference for lightweight vehicles and need for vehicles based on the new emissions standard It is anticipated that the trend to use plasticizers for car floors will continue in the next few years as well, which will benefit the industry's growth. However, the harmful environmental consequences of plastics, rigorous regulations on the use of plastics and the combined high cost of the production of plasticizers can limit the market to constant growth in years to come.

This review is based on TMR’s report titled, “Plasticizers Market (Product - Phthalates, Non-phthalates, Aliphates, and Polymeric; Application - Wires & Cables, Floor Walls & Coverings, Consumer Goods, and Films & Sheets) - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024.”

Request for covid19 impact analysis –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=753

The global plasticizers market is segmented as follows:

By Product

  • Phthalates
  • Non-phthalates
  • Aliphates
  • Polymeric
  • Others

By Application

  • Wires & Cables
  • Floor Walls & Coverings
  • Consumer Goods
  • Films & Sheets
  • Other Applications

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Italy
    • Spain
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan & Korea
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

Companies in the Plasticizers market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

More Trending Report-

https://www.prnewswire.com/news-releases/growth-in-fabric-filters-market-gains-from-valuable-applications-for-power-generation-across-varied-mainstream-sources-market-projected-to-expand-at-6-3-for-2019-2027-tmr-301266634.html

view all (1037)

Other articles and publications:

The global polypropylene market is projected to grow at a CAGR of more than 5.5% between 2019 and 2027.
7/15/2021
The latest market report published by Transparency Market Research on the global textured butter market includes global industry analysis and opportunity assessment for 2019-2029.
7/19/2021
In terms of value, the global cast elastomers market is anticipated to expand at a CAGR of ~5% from 2020 to 2030 and exceed US$ 2 Bn by 2030.
7/16/2021
The global 4D printing market is expected to experience a rapid growth in the next few years.
7/20/2021
Transparency Market Research (TMR) finds that the GCC processed meat market is highly fragmented due to presence of string key players in the region
7/13/2021
In terms of value, the global plastic compounding market is anticipated to expand at a CAGR of ~6% from 2021 to 2031 and reach US$ 107.6 Bn by 2031.
7/13/2021

Articles and publications of other companies:

“Surgical Gloves Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” is an upcoming market research report added by the analysts at Industry Probe.
4/30/2020
“Differential Pressure Switch Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” is an upcoming market research report added by the analysts at Industry Probe.
5/5/2020
“Socks Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” is an upcoming market research report added by the analysts at Industry Probe.
6/16/2020
An upcoming market research report from Industry Probe titled “Ionic Air Purifier Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027”.
4/30/2020
“Motor Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” is an upcoming market research report added by the analysts at Industry Probe.
4/30/2020
Industry Probe has titled an upcoming report as “Duct Heater Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” to its ever growing database of reports.
5/22/2020
Business details
  • +1 (518618) 103-0
  • Office No. 501-A, 5th Floor, VANTAGE 9 S. No. 36/1/1, Baner, Pune, Maharashtra 411045
Market Research Company
×