Bharat Book Bureau Provides the Trending Market Research Report on “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” under Chemical and Materials Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
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.
Breakdown of Primaries:
Interviews have been conducted with various key industry, and subject-matter experts, C-level executives of key market players to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
By Company Type: Tier 1-45%, Tier 2- 30%and Tier 3- 25%
By Designation: C-Level- 20%, Directors - 10%, and Others-70%
By Region: North America- 20%, Europe- 30%, Asia Pacific- 30%, the Middle East & Africa- 10%, and South America-10%
Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Plasticizers market is dominated by a few major players that have a significant regional presence. The leading players in the Plasticizers market are. UPC Technology Corporation (Taiwan), ExxonMobil (US), BASF (Seoul), Eastman Chemical Company (US), Evonik Industries (Germany).
Research Coverage:
The report defines, describes, and forecasts the global Plasticizers market, by type, by Application. The report provides a comprehensive review of the market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Plasticizers market.
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