Key restraining factor in plasticizers market its migration effects on non-PVC device components. Companies, such as UPC Technology Corporation (Taiwan), Exxon Mobil Corporation (US), Aekyung Petrochemical Co., Ltd (South Korea), BASF SE (Germany), and Nan Ya Plastics Corporation (Taiwan) and others have adopted the new product launches, agreements & partnerships, and investments & expansions strategies to enhance their foothold in the market.
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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 high demand for plasticizers in various applications, such as flooring & wall coverings, wire & cable, coated fabrics, consumer goods, and film & sheet is expected to drive the plasticizers market.
Plasticizers Market, by Application:
- Flooring & Wall Covering
- Wire & Cable
- Coated Fabrics
- Consumer Goods
- Film & Sheet
Plasticizers Market, by Region:
- Asia Pacific
- North America
- Middle East & Africa
- South America
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.
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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.
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The plasticizers market has been segmented into Asia Pacific, North America, Europe, Middle East & Africa, and South America. The plasticizers market in the Asia Pacific is the largest and fastest-growing, owing to the growing construction activities and increasing demand for flexible PVC this region.
Key Target Audience:
- Manufacturers of Plasticizers
- Chemical Suppliers
- Traders, Distributors, and Suppliers of Plasticizers
- Raw Material Suppliers
- Government and Research Organizations
- Industry Associations
Report offers insights on plasticizers used for various applications across regions. It aims at estimating size of plasticizers market during forecast period and projects future growth potential of the market across different segments, such as type, application, and region.
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.
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Objectives Of The Study
- To analyze and forecast the market size for plasticizers, in terms of value and volume
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To define, describe, and forecast the plasticizers market on the basis of type and application
- To forecast the plasticizers market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product launches, regional expansions, and R&D in the plasticizers market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market shares and core competencies
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