Plasticizers Global Market Report 2023: Growing Demand for Plasticizers in Construction Industry Drives Sector
Global Plasticizers Market
Dublin, May 02, 2023 (GLOBE NEWSWIRE) -- The "Plasticizers Market by type (phthalate and Non-phthalate), Application (Floorings & Wall Coverings, Films & Sheets, Coated Fabrics, Wires & Cables, Consumer Goods) and Region (North America, Europe, Middle East and Africa) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Plasticizers market is expected to grow at a CAGR of 5.7% during the forecast period, from an estimated USD 17.0 billion in 2022 to USD 22.5 billion in 2027.
Increased construction activity can drive demand for plastic building products, such as pipes, window frames, and flooring, thereby increasing demand for Plasticizers.
Phthalate plasticizer is expected to emerge as the fastest segment based on power rating
Phthalate Plasticizers are mainly used for PVC applications as they conform well with PVC, maintaining the necessary softness at a minimal quantity and enabling plasticizing efficiency. They are the chief components that determine the physical properties of polymer products and enable low volatility and migration. Various types are used based on the end-use requirement, the most widely used being DOP and DINP/DIDP/DPHP phthalate plasticizer.
Floorings & wall coverings: The largest segment for the Plasticizers market, by product type
Floorings & wall coverings is one of the main plasticizer applications. The flooring application must withstand heavy foot traffic (retail stores) and repeated cleaning (healthcare facilities). Wall coverings come in a wide range of finishes and colors, along with easy maintenance and durability. Plasticizers are typically used in floorings & wall coverings applications as they offer good stain resistance and a greater filler tolerance.
Europe is expected to be the second-largest market during the forecast period.
The Plasticizers market in Europe is driven by the electronics industry due to increased investment in research and innovations, thereby creating demand for Plasticizers and PVCs that are widely used for building wires and cables.
Market Dynamics
Drivers
Growing Demand for Plasticizers in Construction Industry
Increased Use of Bio-based Plasticizers
Rise in Infrastructure Development
Restraints
Stringent Government Regulations
High Cost of Bio-based Plasticizers
Substitute Products
Opportunities
Increasing Demand for Bioplastics
Growing Demand for Sustainable and Eco-Friendly Plasticizers
Challenges
Volatility of Raw Material Prices
Health and Environmental Concerns
Key Attributes:
Report Attribute
Details
No. of Pages
177
Forecast Period
2022 - 2027
Estimated Market Value (USD) in 2022
$17 Billion
Forecasted Market Value (USD) by 2027
$22.5 Billion
Compound Annual Growth Rate
5.7%
Regions Covered
Global
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Plasticizers Market, by Type6.1 Introduction6.2 Phthalate Plasticizers6.2.1 Increasing Demand from Various End-use Applications to Propel Market6.2.2 Dop6.2.3 Dinp/Didp/Dphp6.2.4 Other Types6.3 Non-Phthalate Plasticizers6.3.1 Growing Demand for Bio-based Plasticizers to Drive Market6.3.2 Adipates6.3.3 Trimellitates6.3.4 Epoxies6.3.5 Benzoates6.3.6 Others
7 Plasticizers Market, by Application7.1 Introduction7.2 Floorings & Wall Coverings7.2.1 Rise in Construction Activity to Drive Segment7.3 Wires & Cables7.3.1 Electronic Industry to Fuel Demand for Wires & Cables7.4 Coated Fabrics7.4.1 Increasing Requirement for Fabrics in End-use Industries to Fuel Segment Growth7.5 Consumer Goods7.5.1 Growing Demand for Bio-based Plasticizers to Drive Segment7.6 Films & Sheets7.6.1 Requirement of Pvc Sheets in Packaging Applications to Propel Segment7.7 Other Applications
8 Plasticizers Market, by Region
9 Competitive Landscape
10 Company Profiles
11 Appendix
Companies Mentioned
Aekyung Petrochemical
Avient Corporation
Basf
Dic Corporation
Eastman Chemical Company
Evonik Industries
ExxonMobil
Jiangsu Zhengdan Chemical Industry Co. Ltd.
Kao Corporation
Klj Group
Lanxess AG
LG Chem
Nan Ya Plastics
Oxea Corporation
Polynt Spa
Shandong Hongxin Chemicals
Shandong Qilu Plasticizers
Upc Technology Corporation
Velsicol Chemical, LLC
Vertellus Holdings LLC
For more information about this report visit https://www.researchandmarkets.com/r/a9pao8
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Attachment
Global Plasticizers Market
ResearchAndMarkets.com's Phthalate plasticizer is expected to emerge as the fastest segment based on power rating Floorings & wall coverings: The largest segment for the Plasticizers market, by product type Europe is expected to be the second-largest market during the forecast period. Market Dynamics Key Attributes: Report Attribute Details Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Plasticizers Market, by Type 7 Plasticizers Market, by Application 8 Plasticizers Market, by Region 9 Competitive Landscape 10 Company Profiles 11 Appendix Companies Mentioned About ResearchAndMarkets.com Attachment