Plasticizers Market, By Type (Phthalates, Non-Phthalates),to grow at a CAGR of 5.91%,Size, Share, Key Trends

The plasticizers market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 1633.1 million by 2029 and to grow at a CAGR of 5.91% in the above-mentioned forecast period.

Plasticizers are the colorless and odorless preservatives/additives that are basically utilized to increase the plasticity and viscosity of materials and make the materials softer. They increase the life of the material by making PVC softer, elastic and malleable, production of flexible polyvinyl chloride (PVC).

The rise in construction activities and increase demand for PVC and other polymers in various applications is the root cause fueling up the market growth rate. Additionally, its easy availability of the materials and cost effectiveness will further carve the way for the growth of market. However, government regulations on phthalates and effect of plasticizers on non-PVC components impedes the growth of the plasticizers market.

The technology advancements for bio-plasticizers are estimated to generate numerous opportunities for the market. On the flip side, the disruption in supply chain due to COVID-19 pandemic pose as a major challenge to the growth of the plasticizers market.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-plasticizers-market

Key Players Analysis:

Some of the major players covered in the plasticizers market report are UPC Group, Exxon Mobil Corporation. , AEKYUNG CO., BASF SE, NAN YA PLASTICS CORPORATION, Eastman Chemical Company,  Evonik Industries AG,  LG Chem., Bloomberg L.P., Chemamde, DIC CORPORATION, Jiangsu Zhengdan Chemical Industry Co,  Kao Corporation, KLJ Group, LANXESS , OXEA GmbH, Polynt, Velsicol Chemical LLC, Shandong Hongxin Chemicals Industry Co,Ltd, Vertellus Specialities Inc, Supreme Plasticizers  among others.

Plasticizers Market Scope and Market Size

The plasticizers market is segmented on the basis of type, application, distribution channel and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

On the basis of type, the plasticizers market is segmented into phthalates and non-phthalates. The phthalates segment is further classified into di-ethylhexyl Phthalate (DEHP), di-isononyl phthalate (DINP), di-isodecyl phthalate (DIDP), di-propylheptyl phthalate (DPHP), and others.   Similarly, the non-phthalates segment is further segregated into di-octyl terephthalate (DOTP), epoxy, adipate, trimellitate, benzoates, and others. 

On the basis of application, the plasticizers market is segmented into flooring and wall covering, wire and cable, coated fabrics, consumer goods, film and sheet and others.

On the basis of distribution channel, the market is segregated into online and offline.

Based on end-user, the plasticizers market is segmented into construction and remodelling, electronics and communication, automobile and tire industry, medical and healthcare and others.

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