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Plasticizers Market Set to Deliver Major Revenue Shares During the Forecast Period by Key Players: Arkema S.A., BASF SE, Daelim Industrial, Dow Chemical Company, LG Chem and More

02-22-2019 04:11 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.

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 of Plasticizers Market Study at: https://www.alliedmarketresearch.com/request-sample/1864

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.

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.

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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.

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%.

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.

Learn More: https://www.prnewswire.com/news-releases/global-plasticizers-market-expected-to-reach-18538-million-by-2022---allied-market-research-613169783.html

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.

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