Press release
Plasticizers Market Insights, Forecast, Size, Growth, Trends 2024-2033
Plasticizers Market
The Business Research Company offers in-depth market insights through Plasticizers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The plasticizers market size has grown strongly in recent years. It will grow from $100.57 billion in 2023 to $108.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased demand for polyvinyl chloride (pvc), increased demand for industrial packaging products, increase in global chemicals mergers and acquisitions (m&a).
The plasticizers market size is expected to see strong growth in the next few years. It will grow to $145.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing demand for plastic or pvc increasing demand for plasticizers from the healthcare sector. Major trends in the forecast period include eco-friendly plasticizers, increasing use of recycled raw materials in plasticizers, rising in mergers and acquisitions, automation through robotics in factories, phthalate substitutes.
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Market Segmentation:
The plasticizers market covered in this report is segmented -
1) By Product Type: Phthalates Plasticizers, Non-Phthalates Plasticizers
2) By Distribution Channel: Online, Offline
3) By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Other Applications
Sub segments: DOP, DINP/DIDP/DPHP, Others, DOTP, Adipates, Trimellitates, Epoxies, Benzoates
Major Driver - Growing Demand For Flexible Pvc Boosts The Plasticizer Market
Rising demand for flexible polyvinyl chloride (PVC) contributes to the growth of the plasticizer market. Flexible PVC is softer than unplasticized polyvinyl chloride (uPVC) due to the addition of plasticizers. The increasing demand for flexible PVC material in various end-use industries drives the demand for plasticizers. Flexible packaging provides long-lasting safety, lightweight, and compactness while maintaining a low carbon footprint, which increases demand for PVC from the packaging industry.
Competitive Landscape:
Major companies operating in the plasticizers market report are LG Chem Ltd., Dow Chemical Company, BASF SE, UPC Group, Evonik Industries, Arkema S.A., Ineos Group, Eastman Chemical Company, Exxon Mobil Corporation, Nan Ya Plastics Corporation, Indo-Nippon Chemical Co. Ltd, KLJ Group, Amines & Plasticizers Limited, Lemon-Flex Company Limited, Bluesail Group Co. Ltd, Zhejiangjiaao Enprotech Stock Co.Ltd, Shanghai Rongou Chemical Technology Co. Ltd., Nayakem Organics Pvt. Ltd, Gapuma UK Ltd., Alphagary, Perstorp, DOMO Chemicals, MegaChem (UK) Ltd., Grupa Azoty ZAK S.A., Gazprom Neft, Krahn Chemie Group, SIBUR, GJ Chemical, The Chemical Co., Chemionics Corp., ChemCeed, Valtris, Palmer Holland Inc., Hanwha International LLC, TRInternational Inc., Broadview Technologies Inc., Lestar Química, Innospec, elekeiroz, Laxness, Linevol, BIOPOL S.A., Astra Polymers Compounding Company, Nassagi Iran Rise Alborz, Al Faisal Plastic Company, I. Plast Ltd., Chryso, Misr El-Hegaz Group, nasydco, CEMEX Egypt, Teknor Apex.
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Top Trend - Growing Demand For Eco-Friendly Plasticizers As Safer Alternatives To Phthalates Plasticizers
Eco-friendly plasticizers are increasingly being used to prevent harmful phthalate plasticizers such as DOP, DBP, BBP, and DEP. Eco-friendly plasticizers have various properties such as waterproofing with good electrical resistivity, weather resistance, better mechanical strength, and good heat stability. Due to these factors, phthalate plasticizers are being replaced with eco-friendly plasticizers. Eco-friendly plasticizers are polymer additives that improve a material's plasticity. The global eco-friendly plasticizer market is growing rapidly due to the increased demand for eco-friendly plasticizers to keep human health and the environment safe. These plasticizers come with low toxicity and good compatibility and are used in various applications, mainly in films and cable manufacturing, and are driving the growth of the plasticizer market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Plasticizers Market Characteristics
3. Plasticizers Market Trends And Strategies
4. Plasticizers Market - Macro Economic Scenario
5. Plasticizers Market Size And Growth
…..
27. Plasticizers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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