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.
Growing Demand for Plasticizers in Construction Industry
Increased Use of Bio-based Plasticizers
Rise in Infrastructure Development
Stringent Government Regulations
High Cost of Bio-based Plasticizers
Increasing Demand for Bioplastics
Growing Demand for Sustainable and Eco-Friendly Plasticizers
Volatility of Raw Material Prices
Health and Environmental Concerns
No. of Pages
2022 - 2027
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2027
Compound Annual Growth Rate
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Plasticizers Market, by Type
6.2 Phthalate Plasticizers
6.2.1 Increasing Demand from Various End-use Applications to Propel Market
6.2.4 Other Types
6.3 Non-Phthalate Plasticizers
6.3.1 Growing Demand for Bio-based Plasticizers to Drive Market
7 Plasticizers Market, by Application
7.2 Floorings & Wall Coverings
7.2.1 Rise in Construction Activity to Drive Segment
7.3 Wires & Cables
7.3.1 Electronic Industry to Fuel Demand for Wires & Cables
7.4 Coated Fabrics
7.4.1 Increasing Requirement for Fabrics in End-use Industries to Fuel Segment Growth
7.5 Consumer Goods
7.5.1 Growing Demand for Bio-based Plasticizers to Drive Segment
7.6 Films & Sheets
7.6.1 Requirement of Pvc Sheets in Packaging Applications to Propel Segment
7.7 Other Applications
8 Plasticizers Market, by Region
9 Competitive Landscape
10 Company Profiles
Eastman Chemical Company
Jiangsu Zhengdan Chemical Industry Co. Ltd.
Nan Ya Plastics
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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