The plasticizers market is projected to grow at a CAGR of 5.7% during the forecast period
The plasticizers market is estimated at USD 12.23 billion in 2017 and is projected to reach USD 16.15 billion by 2022, at a CAGR of 5.7% from 2017 to 2022. The growing demand for flexible plastics in various applications, such as wire & cable, flooring & wall covering, and film & sheet are driving the plasticizers market, while the migration effects of plasticizers on non-PVC device components restrain their demand.
Among applications, the film & sheet segment is projected to grow at the highest CAGR during the forecast period
Film & sheet is projected to be the fastest-growing segment of the plasticizers market. The growth of this segment is attributed to increasing demand from the packaging application in the food & beverage industry. Awareness about health and hygiene is further driving the packaging industry market, which thereby drives the film & sheet application.
Among type, the non-phthalates segment is projected to grow at the highest CAGR from 2017 to 2022
Non-phthalates is expected to be the fastest-growing segment of the plasticizers market by type, due to the Registration, Evaluation, and Authorization of Chemicals (REACH) regulations for restrictions on the use of phthalates.
The plasticizers market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period
The plasticizers market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period due to the growing construction and automotive industries. Plasticizers are used to manufacture flexible PVC, which find applications in flooring & wall coverings, wire & cable, coated fabrics, consumer goods, and film & sheet. These applications are expected to be the major drivers for the plasticizers market during the forecast period.
This study was validated through primaries conducted with various industry experts, worldwide. The primary sources were divided into three categories, namely, company type, designation, and region.
• By Company Type – Tier 1-70%, Tier 2 -20%, and Tier 3-10%
• By Designation - C Level-5%, Director Level-20%, and Others-75%
• By Region - North America-10%, Europe-35%, Asia Pacific-45%, Middle East & Africa -5%, and South America-5%
Companies Profiled in the Report:
Key players profiled in the report include UPC Technology Corporation (Taiwan), Exxon Mobil Corporation (US), Aekyung Petrochemical Co., Ltd (South Korea), BASF SE (Germany), and Nan Ya Plastics Corporation (Taiwan).
The report offers insights on plasticizers used for various applications across regions. It aims at estimating the size of the plasticizers market during the forecast period and projects future growth potential of the market across different segments, such as type, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the plasticizers market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants in the plasticizers market by providing them the closest approximations of the revenues for the overall market and its various subsegments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities impacting the growth of the plasticizers market.