Market Research Future Published a Study Research Report on Plasticizers Market Research Report – Global Forecast till 2024
Plasticizers Market Overview:
According to the MRFR analysis, the global plasticizer market is estimated to be valued at over USD 15 billion in 2018 and is projected to register a healthy CAGR of 6% during the forecast period, 2019–2024.
Globally, the market for plasticizers is driven by the region Asia Pacific, owing to extensive use of the product in polyvinylchloride manufacturing companies. Low phthalates plasticizers are used in medical devices, polyvinylchloride (PVC) pipes, adhesives, inks, and cosmetics whereas high phthalates materials are utilized in various products such as wire & cable, flooring, wall covering, self-adhesive films, synthetic leather, coated fabrics, roofing and automobile applications.
Increasing demand for the product in end-use applications such as syringes, containers, catheters, blister packs for pill and tablets signifies the growth of medical industry. Moreover, increasing consumption of plasticizers in medical, coatings, and personal care sectors provide a momentum to the plasticizers market growth.
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Plasticizers Market Competitive Landscape:
The plasticizers market appears to be competitive with the presence of several large and small players functioning in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Plasticizers market is set to grow at a remarkable rate which is likely to attract many newcomers to the market resulting into strong competition in the future. Manufacturers operating in the plasticizers market are struggling to respond to the growing demand for the product from medical, automotive, personal care, and other sectors attributed to expanding production capacity in major sectors. They ensure to deliver the best quality products based on innovative technologies, solutions and best practices.
Plasticizers Market Key Players:
UPC Group (Taiwan), Exxon Mobil Corporation (U.S.), BASF SE (Germany), NAN YA PLASTICS CORPORATION (Taiwan), AEKYUNG PETROCHEMICAL Co., Ltd (South Korea), Shandong Qilu Plasticizers Co., Ltd.(China), Eastman Chemical Company (U.S.), LG Chem (South Korea), Evonik Industries AG (Germany), and Shandong Hongxin Chemicals Co., Ltd. (China) among others are some of the prominent players at the forefront of competition in the Global Plasticizers Market and are profiled in MRFR Analysis.
Plasticizers Market Segment Analysis:
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.
Plasticizers Market Regional Analysis:
Geographically, Asia Pacific region holds the major portion of global plasticizers market. China is the leading country in the region due to boundless consumption of plasticizers in polyvinylchloride coatings, cars, trucks, and others. Growing demand for dispersants in vinyl roofing membranes, resilient flooring, wall coverings, acoustical ceiling surfaces, and others has boosted the market demand in Japan, and India.
North America has witnessed a significant growth in the market owing to rapid investments and technological advancement in end-use industries. A notable growth has been received by the European region due to implementation of strict rules and regulations to adopt dispersants in end-use industries. Additionally, the market is growing significantly in the Middle East & Africa and Latin America regions, due to boundless use of the product in medical, outdoor products, and others.
Plasticizers Market Table Of Contents to be Continue…….,
Browse key industry insights spread across 140 pages with 35 market data tables & 11 figures & charts from the report, “Global Plasticizer Market Information by Type (Phthalate Plasticizer and Non-Phthalate Plasticizer), Application (Flooring & Wall Covering, Wire & Cable, Packaging, Consumer Goods, Medical & Healthcare, Toys) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2024” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/plasticizers-market-2295
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