Plasticizers Market Global Industry Size Share Trend and Forecast To 2022

Plasticizers Market Overview:

Globally, the market for Plasticizers is anticipated to grow at a CAGR of 2.2% during the forecast period (2016-2022). Plasticizers are organic ester additives, which are added to polymers to enrich the performance of the polymeric material, by enhancing various properties such as, flexibility, diffusivity, heat resistance, stability and toughness. Based on the synthesis steps, plasticizers are classified into polymeric and monomeric plasticizers. Plasticizers are mainly used with PVC, thus altering the characteristics and performance of the PVC for different applications. Some of the important applications of plasticizers includes, flooring, wall covering, roofing membranes, electrical cable & wires, automotive, medical devices among others. Globally, 75-85% of plasticizers used are phthalate type, used commonly with PVC applications.

Globally, plasticizers market was valued at USD 16,450 Million in 2016 and is likely to reach USD 18,500 million in 2022, expanding at CAGR of 2.2% between 2016 and 2022.

Asia-Pacific region is the dominating plasticizers market with an estimated highest market size and it is anticipated to continue its dominance throughout the forecast period. In Asia Pacific, China market has represented the largest market in 2015 and is expected to reach in millions by 2022 due to the rapid growth in the automotive sector region along with growth of other industrial sectors in the region. Whereas, the developed markets such as North America and Europe markets is anticipated to register a slow growth.

Latin America, Middle East and Africa are emerging region in this market, these regions being in the developing stage provide lucrative opportunities for plasticizers manufacturers, as the above mentioned regions being the sweet spot for expansion, majority of automotive manufacturers and other key industries are being established in these regions.

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Market Study Trend Influence:

Data integration and capabilities are analyzed to support the findings and study the predicted geographical segmentations. Various key variables and regression models were considered to calculate the trajectory of plasticizers market. Detailed analysis is explained and given importance to with best working models.

Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of plasticizers market during the forecast period of 2016 to 2022 is well explained.

The ongoing market trends of plasticizers market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.

Each and every segment type and their sub types are well elaborated to give a better idea about this market during the forecast period of 2016 to 2022 respectively.

Plasticizers Market Key Benefits For Stakeholders:

The report offers extensive plasticizers market analysis of the factors that drive as well as restrain the growth of the global plasticizers market.
Market projections are included along with the impacting factors from 2016 to 2022 in the report.
The report also provides quantitative as well as qualitative trends to assist the stakeholders to understand the market scenario.
In-depth analyses of the key market segments demonstrate the consumption of plasticizers in varied applications across different end-user industries.
Winning strategies segment highlights the business practices adopted by leading players across various geographies.

Market Region Analysis:

The plasticizer market consists of its different types, with phthalates segment occupying the maximum market share. Thus, several types of acids and alcohols are utilized as raw materials for manufacturing plasticizers. The aforementioned facts indicate prevalence of high product differentiation in the plasticizers industry leading to high switching cost. Presence of large number of domestic and international raw material suppliers lowers their bargaining power. The threat of forward integration from suppliers is moderate in the market, as there are few players who supply raw materials and process it for end use in the industry such as BASF SE. Thus, considering these factors, the bargaining power of suppliers is high and is expected to remain the same during the forecast period.

Asia-Pacific leads the market, accounting for more than half of the global plasticizers market share, both in terms of value and volume, and is expected to retain its position ahead as well, owing to high growth rate of end-use industries. Asia-Pacific is the fastest growing region, with highest CAGR, in terms of both value and volume. Furthermore, the market is analyzed on country level too.

China accounted for the highest market share in the Asia-Pacific plasticizers market, with $3,398 million in 2015, and is expected to reach $4,292 million by 2022, growing at a CAGR of 2.9%.

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