Plasticizers Industry Procurement Intelligence is Expected To Grow Due To Increasing Product Demand In Construction and Automotive Industries, Report 2020-2025 | Grand View Research, Inc

Plasticizers Industry Procurement Intelligence is Expected To Grow Due To Increasing Product Demand In Construction and Automotive Industries, Report 2020-2025 | Grand View Research, Inc
Grand View Research, Inc
The global plasticizers market is valued at USD 18 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2025.

Procurement Outlook

Plasticizers are non-volatile organic substances and the most common additives used in the plastics industry. It helps to improve flexibility, extensibility, and processability when incorporated into a plastic or elastomer. Plasticizers increase the flow and thermoplasticity of a polymer by decreasing the viscosity of the polymer melt, the glass transition temperature, the melting temperature, and the elastic modulus of the finished product without altering the chemical character of the plasticized material. Plasticizers are majorly classified based on their chemical composition. Following are the most commonly used plasticizers across multiple industries:

•             Phthalate esters: These are produced by esterification of phthalic anhydride or phthalic acid obtained by the oxidation of orthoxylene or naphthalene.

•             Aliphatic dibasic acid esters: These types of esters include chemicals such as glutarates, adipates, azelates, and sebecates.

•             Benzoate esters: They are made by esterification of benzoic acid and alcohols.

•             Trimellitate esters: These are esterification products of trimellitic anhydride and C8-10 alcohols.

•             Polyesters: They are formed by many combination reactions of dicarboxylic acids and difunctional alcohols.

•             Citrates: They are made by the reaction of one mole of citric acid with three moles of alcohol.

•             Bio-based plasticizers: These are bio-based oil such as epoxidized soybean oil, castor oil, palm oil, other vegetable oils, starches, sugars, etc.

Plasticizers are the most widely used additives in the plastic industry as plasticizers are usually cheaper than other additives used in polymer processing. Hence, the procurement strategy development of plasticizers is becoming very important.

Demand Outlook

The global plasticizers market is valued at USD 18 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2025 due to increasing demand for flexible PVC products, made from plasticizers, in applications such as pipe, flooring, wall coverings, napkins, adhesive films, pool liners, extruded wires, automotive, synthetic leather coated textiles, and medical devices. APAC is the fastest-growing region in the plasticizers market due to the growing construction and automotive industries.

Cost Drivers

Plasticizers are produced by a reaction of an alcohol with an acid such as adipic acid, phthalic anhydride, etc. Hence, the price of these acids is considered the major cost driver of plasticizers production. The cost of acids holds the highest cost share of plasticizer production followed by machinery and labor cost.

Grab your copy, or request for a free sample of the “Plasticizers Industry Procurement Intelligence Report, published by Grand View Research” for In-depth details regarding supplier ranking and selection, sourcing, and pricing criteria & strategies.

Add-on Services provided by Grand View Research Pipeline:

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain which helps in efficient procurement decisions.

Our services include (not limited to):

•             Market Intelligence involving – market size and forecast, growth factors, and driving trends

•             Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

•             Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Browse through Grand View Research’s collection of procurement intelligence studies:

  • Industrial Centrifuge Industry Procurement Intelligence – The global industrial centrifuge market was valued at USD 7 billion in 2020 and it is expected to grow at a CAGR of 4.5% from 2020 to 2027. The growth is attributed to the increasing demand from process industries such as chemical processing, food processing, metal processing, mining and mineral processing, pharmaceutical and biotechnology, fuel and biofuel industries, wastewater processing, etc.
  • Industrial Robotics Industry Procurement Intelligence – The global industrial robotics market was estimated at USD 68 billion in 2020 and it is anticipated to grow at a CAGR of 14% – 15% from 2020 to 2027. APAC is expected to demonstrate the highest growth rate geographically. China is also the largest market for industrial robotics globally, followed by two other Asian countries; South Korea and Japan. Other major markets for industrial robotics are the US and Germany.

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