Polymeric plasticizer is used in various industry such as paints, packaging, automotive, construction, electronics, and other but the polymeric plasticizer market is especially driven by packaging industry. In addition, the growing packaging and construction industry is driving the polymeric plasticizer market. Furthermore, it is highly used in various application such as adhesive, pigment, films, membranes, cables, and others. Films are among the largest contributors in the polymeric plasticizers market which are mainly driven by increasing consumer base and growing purchasing power in the developing countries. On the basis of geography, market share of polymeric plasticizer is high in Asia Pacific region and is also expected to increase at a high growth rate as compared to other regions such as North America, Europe, Latin America and Middle East.
Key players of the global polymeric plasticizer market are Eastman Chemical Company (US), BASF SE (Germany), E. I. du Pont de Nemours and Company (US), LANXESS (Germany), Hallstar (US), Exxon Mobil Corporation (US), Evonik Industries AG (Germany), Teknor (US), Aekyung Petrochemical Co., Ltd. (South Korea), UPC Technology Corp (Taiwan), and others.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
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Global polymeric plasticizer market is segmented by applications, and end user industry, and region. On the basis of applications the polymeric plasticizer market is divided by adhesive, pigment, films, membranes, cables, and others. Polymeric plasticizers enhance the performance of adhesives by providing more optimizing viscosity, low-temperature efficiency, elasticity, and impact resistance. Furthermore, the use of polymeric plasticizers with low toxicity and good compatibility in several polymer applications has become more attractive especially in films applications. The use of polymeric plasticizer reduced the tensile strength of all the films. Using a polymeric plasticizer can lead to smoother films, increase adhesion to the tablet surface, reduce logo bridging, and actually reduce cracking or chipping by improving film toughness. Next, in the membrane application, polymeric plasticized membranes are a new perspective to solve the stability problems of supported liquid membranes to perform the simultaneous separation, concentration and purification of valuable species from aqueous solutions. Polymeric plasticizer are widely used in protective materials or insulation of wires and cables in electronics, appliances, and communications systems.
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On the other hand, on the basis of end user the polymeric plasticizer market is segmented into paints, packaging, automotive, construction, electronics, and other. Among all industry packaging industry occupied the highest market share. Polymeric plasticizer well-suited for critical uses where the PVC compound are approved for food contact applications especially in packaging industry due to having extraction and migration resistance which make suitable for these applications. In addition to this, polymeric plasticizer highly applicable in appliance gasket, cap liners and seals, food hoses, tubing, oil and grease resistant insulation, and others. The increasing consumption of polymeric plasticizer in various industry such as paints, packaging, automotive, construction and electronics among others will drive the global polymeric plasticizer market in the forecasted period.
Geographically, Asia Pacific is the biggest market of polymeric plasticizer due to huge of polymeric plasticizer consumption in packaging industry. In addition, rising demand for construction, packaging, and paint industry in China, India, Japan, Taiwan, and South Korea has made Asia Pacific largest consumer of the global polymeric plasticizer market followed by increasing in the consumption of polymeric plasticizer market in North America region. In North America region, polymeric plasticizer market is drive by automotive, electrical and others industry. Furthermore, the third biggest market of polymeric plasticizer is Europe region due to large consumption in paints, packaging, and construction industry. Moreover, Latin America and Middle East also witnessed in growth of polymeric plasticizer market due to various end user industry such as paints, packaging, automotive, construction, electronics, and other.
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