Plasticizers are organic ester additives, which are added to polymers to enrich the performance of the polymeric material, by enhancing various properties such as, flexibility, diffusivity, heat resistance, stability and toughness. Most commonly used plasticizers are dialkyl phthalates, due to its low cost and optimum properties when incorporated into the polymer matrix.
The increasing use of PVC as a commercially used polymer is attributed to the growth of global plasticizers market. The use of plasticizers in the automotive industries for its wide range of applications in the automotive parts is anticipate to augment the market for plasticizers market. Furthermore, the extensive use of plasticizers for building & construction applications is anticipated to fuel the market for plasticizers market mostly in the developing markets. Apart from the above mentioned factors, macroeconomic factors such as increased consumer spending, rise in disposable income and GDP can be attributed to further growth of global phthalates market.
Based on varying applications, plasticizers market can be segmented into, flooring, wall coverings, roofing membranes, electrical wires & cables, automotive applications, medical devices and others. Plasticizers market can be segmented into various groups depending on the type of additive present in that plasticizer. Some examples of additives used are as follows: phthalates, adipates, trimellitates, epoxy, polymerics and phosphates.
Global Plasticizers Market is expected to grow with the CAGR 2.2% of more than from 2016 to 2022, and with this it is predictable to cross USD 18,500 Million by 2022
The key players in market includes
- Nan Ya Plastics,
- Union Petrochemical Corp.,
- Dahin Co.,
- Aekyung Industrial Co.,
- LG Chemical,
- Exxon Mobil Corporation,
- Eastman Chemical Company,
- Evonik Industries,
- Bluesail Chemical Groups
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Asia pacific has dominated Plasticizers Market in 2016
Asia Pacific dominated the market for global plasticizers and registered a considerable CAGR in 2016. The market has been growing due to various growing manufacturing sector namely, automotive, medical devices, chemicals and consumer goods. Among the countries in Asia Pacific, China dominated the market for plasticizers in terms of value and volume in 2016, and it is anticipated to dominate in the fore coming years.
Developed markets such as North America and Europe plasticizers markets witnessed sluggish growth and consumption due to the stringent regulations for use of phthalate plasticizers in the region along with the customer inclination towards bio-plasticizers are some of the factors attributed to the sluggish growth of plasticizers market in these regions.
Plasticizers market as type and application is segmented into by type: Phthalates, Adipates, Trimellitates, Epoxy, Polymerics and Phosphates and by application flooring, wall coverings, roofing membranes, electric wires & cables, automotive, medical devices & others. Plasticizers such as phthalates is anticipated to have considerable demand over the forecast period, owing to its demand in the automotive industry, building & construction along with its huge consumption in PVC products. Adipates plasticizers is followed by phthalates, owing to its use in adhesives and sealants. The key driver for plasticizer are the cumulative growth of industrial sector in the developing nations, along with the increased spending of consumers in the region. However, environmental regulations and availability of substitutes for plasticizers is anticipated to hamper the plasticizer market growth.
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Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Plasticizers Market
5 Industry Overview Of Global Plasticizers Market
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