Global Plasticizers Market Analysis
According to Verified Market Research, The Global Plasticizers Market was valued at USD 12.33 Billion in 2018 and is projected to reach USD 19.08 Billion by 2026, growing at a CAGR of 5.6% from 2019 to 2026.
What are Plasticizers?
Plasticizers are the additives that are added to plastics and other materials in order to impart flexibility, softness, viscosity or other properties to the finished products. Plasticizers also referred to as dispersing agents, dispersants, softeners or super-plasticizers. Most of the plasticizers are used in the manufacturing of flexible polyvinyl chloride (PVC), also known as vinyl. This flexible PVC is used in applications such as flooring and wall coverings, roofing membranes, electrical cable, and wire insulation, automotive applications, medical devices, synthetic leather goods, and others. Some plasticizers are also used in rubber products, paints, printing inks, adhesives, and sealants for professional use.
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Global Plasticizers Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as growing demand for flexible PVC for different applications, expanding packaging industries coupled with increased demand from the construction industry fuels the growth of global plasticizers market. On the contrary, Stringent Regulations bans the usage of phthalates plasticizers and toxic effect of PVC might hinder the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Plasticizers Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Plasticizers Market Competitive Landscape
The “Global Plasticizers Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as 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. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Plasticizers Market, By Type
• Phthalates Plasticizers
• Non-Phthalates Plasticizers
Global Plasticizers Market, By Application
• Flooring & Wall Covering
• Wire & Cable
• Coated Fabric
• Consumer Goods
• Film & Sheet
Global Plasticizers Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World