Plasticizers Market 2019 Worldwide Industry Share, Size, Key Vendors: Arkema, BASF SE, Daelim Industrial, Dow Chemical Company, LG Chem and Others

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.

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.

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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.

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.

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.

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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 2014 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.

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