openPR Logo
Press release

Plasticizers Market 2019 Demand by Leading Key Players Arkema S.A., BASF SE, Daelim Industrial Co. Ltd., Dow Chemical Company, LG Chem Ltd., Evonik Industries AG

01-04-2019 09:10 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Plasticizers Market

Plasticizers Market

Global plasticizers market is expected to reach $18,538 million by 2022, from $15,179 million in 2015, growing at a CAGR of 2.9% from 2016 to 2022. Plasticizers are polymer additives meant for improving flexibility, softness, workability, and volatility of the plasticized materials. They may be internal or external based on the kind of modifications done to the materials to which they are added. Furthermore, external plasticizers can be grouped into primary and secondary.

Primary plasticizers cause elongation & increased softness of the materials, while secondary plasticizers have limited compatibility with polymers and are used in combination with other plasticizers. Plasticizers are available as different types in market among which phthalates, terephthalates, epoxies, and aliphatics are highly adopted.
Key leading players operating in plasticizers industry are 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, and UPC Group.

Other players in the value chain include Adeka Corporation, Aekyung Petrochemical Co. Ltd., Blue Sail Chemical Group, Clariant International Ltd., Grupa Azoty S.A., Nan Ya Plastics Corporation, Orica Ltd., Sasol Ltd., Teknor Apex, Amines & Plasticizers Ltd., Ferro Corporation, KLJ Group, Varteco Quimica Puntana S.A., NAPHTACHIMIE, Deza a. s., and Perstorp Company.
Get Sample PDF Brochure: https://www.alliedmarketresearch.com/request-sample/1864

The global plasticizers market is driven by rise in demand for flexible PVC in different applications, increase in adoption of non-phthalate & high molecular weight phthalate plasticizers, and growing packaging industries. Asia-Pacific dominates the market, in terms of volume & growth, due to massive demand and production in China as well as high developing rate of the market in India & other countries. Strict regulatory bans on some of the phthalates and toxicity of PVC limit the market growth. Continuous innovation in plasticizers resulting in generation of its bio-derived type and R&D activities for producing new applications by different market players are projected to provide numerous opportunities for development of the plasticizer market.

The global plasticizer market is segmented on the basis of type, application, and geography. Based on type, the market is categorized into phthalates, terephthalates, trimellitates, epoxides, phosphates, sebacates, extenders, aliphatic dibasic esters, and others. According to application, it is divided into flooring & wall, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and others (medical, sports, & adhesive & sealants applications). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global increment in economic growth rate is expected to lead to increase in the disposable income and improvement in lifestyle, facilitating luxuries of the population. This in turn may result in increase in sales for end-use commodities of plasticizers such as cars, electronic equipment, packaged food, toys, personal care products, and others.

Porter’s Five Forces 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.

Do Purchase Enquiry at : https://www.alliedmarketresearch.com/purchase-enquiry/1864

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%.

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David C
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plasticizers Market 2019 Demand by Leading Key Players Arkema S.A., BASF SE, Daelim Industrial Co. Ltd., Dow Chemical Company, LG Chem Ltd., Evonik Industries AG here

News-ID: 1470836 • Views: 374

More Releases from Allied Market Research

Thermal Energy Storage Market Expected to Reach $8,862 Million By 2023 at a CAGR …
Thermal Energy Storage Market Outlook – 2023 The Global Thermal Energy Storage Market was valued at $3,988 Million in 2016, and is estimated to reach $8,862 Million by 2023, registering a CAGR of 10.9% from 2017 to 2023. In 2016, the sensible heat storage segment accounted for more than half share of the total market. Thermal energy storage, also known as heat storage, is a highly efficient and simple method of
Overview Membrane Technology for Food and Beverage Processing Market Size, Share …
Membranes are natural or manufactured substances used for separation. They commonly serve the purpose of filter pads. Membranes, which are semi-permeable in nature (allow only selective compounds/substances to flow pass them) are easy to manufacture. These are gaining popularity in the process industry where purity of products is highly desired. Membranes are available in every shape and size and are required in numerous devices right from the water filter at
Cooking Appliances Market is Predicted to Grow High CAGR from 2019 to 2026
The cooking appliance include products such as microwaves, ovens, cook tops, and range hoods. Modern cooking appliance are used to provide ease to chefs. Also, with rapid depletion of natural resources such as LPG, and other petroleum products, there is an urgent need to use efficient and eco-friendly cooking appliances in kitchen. Key players are developing advance cooking appliances in order to increase their market share, and on the same
Power Bank Market Insights with Statistics and Growth Prediction 2018 to 2025
The growth of the global power bank market is driven by rising in demand for smartphones across the globe and an increase in sales of power banks on online portals & e-commerce websites. However, factors such as emerging trends of wireless charging and improved battery capacity of electronic devices hamper market growth. On the other hand, the development of solar & hydrogen fuel-based power banks and an increase in the

All 5 Releases


More Releases for Plasticizers

7 Trends That Will Shape Bio Plasticizers Industry in 2018
Bio Plasticizers Market was valued at $1,364 million in 2015, and is projected to reach $1,709 million by 2022, growing at a CAGR of 3.3% from 2016 to 2022. The epoxides type held more than half of the global bio plasticizers market in 2015. Get sample copy for industry insight: https://www.alliedmarketresearch.com/request-sample/2040 Top Impacting Factors: Emerging applications of bio plasticizers in various end-user industries and high demand for bio-based & non-phthalate plasticizers in different
Bio-plasticizers Market Key Players and Production Information analysis 2024
Global Bioplasticizers Market: Overview Bioplasticizers are biologically derived substances added to polymers to make them more pliable and workable. Plasticizers are essential to modify a polymer’s characteristics to suit the particular application in which it is going to be used. The rising awareness about the adverse effects of using conventional plasticizers has led several key consumers of polymers to switch to bioplasticizers, leading to a steady surge in the global bioplasticizers
Strategic Insight into the Plasticizers Market 
The global plasticizers market is characterized by a tremendously high level of competition due to the consistent efforts of each market player to outsmart its competitors. As new technologies get adopted by several players, the market is expected to witness more stringent competition in the coming years. The market is moderately fragmented, and the top market players account for more than 45% of the total market share. Although this reflects
Plasticizers Marketto Record Sturdy Growth by 2024
The global plasticizers market is highly competitive and moderately fragmented, states a research report by Transparency Market Research (TMR). Top players in this market, namely, Exxon Mobil, Evonik Industries, BASF SE, LG Chem Ltd., and Eastman Chemical Co., together, held a share of more than 45% in this market in 2015. View Full Report: https://www.transparencymarketresearch.com/global-plasticizers-market.html The leading players are focusing on technological developments to produce a variety of plasticizer products with
Bio-plasticizers Systems - Global Industry Analysis 2024
A new research report by Transparency Market Research offers a comprehensive evaluation of the global Bio-plasticizers Market. The study, titled “Bio-plasticizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024”, is available for sale on the firm’s website. Global Bioplasticizers Market: Overview Bioplasticizers are biologically derived substances added to polymers to make them more pliable and workable. Plasticizers are essential to modify a polymer’s characteristics to suit
Plasticizers Market Evolving Industry Trends 2024
Thanks to the augmenting urbanization, growth of the construction industry, and the infrastructural developments in the medical and the healthcare sector, especially in emerging economies, such as China and India, the global market for plasticizers has been witnessing a remarkable progress in its size and valuation. Along with this, the surge in the demand for PVC products and the expansion of the automotive industry are also boosting this market significantly. Obtain