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[Exclusive 200 Pages Report] : The global plasticizers market size was US$ 14.9 billion in 2021. The global plasticizers market size is forecast to reach US$ 26.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2032.
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Plasticizers are additives that are used to give final products like plastics and other materials more flexibility, softness, viscosity, or other qualities. Dispersing agents, dispersants, softeners, or super-plasticizers are other names for plasticizers. The majority of plasticizers are used in the production of flexible PVC, popularly known as vinyl. This flexible PVC is utilized in many products, including artificial leather products, electrical cable and wire insulation, flooring and wall coverings, roofing membranes, and automotive applications. Some plasticizers are also found in professional-grade rubber products, paints, printing inks, adhesives, and sealants.
The increase in demand for flexible PVC in different applications, rise in adoption of non-phthalate & high molecular weight phthalate plasticizers, and growing packaging industries drive the global market.
The stringent regulatory bans on some phthalates and the toxicity of PVC may slow down the overall market growth.
The constant innovation in plasticizers resulting in the generation of bio-base plasticizers and growing R&D activities for constructing new applications by different market players are forecast to offer lucrative opportunities for the global market.
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. This resulted in transportation restrictions, which in turn led to decreased industrial production and disrupted supply chains, which significantly impacted market growth. Furthermore, the manufacturing firms during COVID-19 operated with limited staff due to social distance rules, which adversely hampered the production and construction processes.
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising construction activities, growing infrastructure development, and a surge in the adoption of plasticizers by various end-users. In addition, the increasing automotive sector and a rise in R&D initiatives for inventions. Thus, these factors boost the market growth in the region.
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The leading prominent companies profiled in the global plasticizers market are: Arkema S.A. BASF SE Daelim Industrial Co. Ltd. Dow Chemical Company LG Chem Ltd. Evonik Industries AG ExxonMobil Chemical Eastman Chemical Company Ineos Group UPC Group Other Prominent Players
The global plasticizers market segmentation focuses on Product Type, Application, and Region.
Segmentation based on Product Type Phthalates Terephthalates Epoxides Phosphates Extenders Trimellitates Others
Segmentation based on Application Film and Sheet Coverings Wires and Cables Coated Fabrics Consumer Goods Flooring and Wall Others
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Segmentation based on Region North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
Meta Title: Plasticizers Market Size, Share, Insight and Forecast 2022 To 2030 Meta Description: Global Plasticizers Market is projected to reach US$ 26.1 billion by the end of 2030 from US$ 14.9 billion in 2021, at a CAGR of 5.1% Meta Keywords: plasticizers market Size, plasticizers market share, plasticizers market trend, plasticizers market Forecast, plasticizers market insight
Key questions answered in the global market report are:
— How does a global company acquire markets? — What are its core strategies and policies? — What factors will influence the chemical market over the forecast period? — What are the factors driving and restraining the market? — What are the leading competitors in the global market? — Which region is growing at a higher pace in the global market?
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