The Plasticizers are relatively non-volatile organic substances (mainly liquids) when incorporated into a plastic or elastomer, they help improve the polymer. Plasticizers are among the most widely used additives in the plastic industry. They are also usually cheaper than other additives used in polymer processing. Plasticizers are most often used in PVC, the third largest polymer by volume after PP and PE. In turn, PVC is used in a wide range of products. The Global Plasticizer market dynamics The global plasticizer market is driven by rise in demand for flexible PVC in different applications; rapidly increase the adoption of non-phthalate and high molecular weight phthalate plasticizer and growing packaging industry. The manufacture of flexible PVC consumes about more than 90 % of the global plasticizers market.
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For various applications such as wire and cabale, film and sheet and flooring and wall covering, among others are necessity to soften plastics for usage hence resulted in huge demand for plasticizers.Various regulatory authorities have underway efforts to promote products that are environmentally friendly and have led to an increase in the demand for bio-plasticizers in developed regions. Bio-based plasticizers are produced from vegetable raw materials and used as a plasticizer alternative to petroleum. End users are looking for secure, biodegradable and non-phthalate-based plasticizers to guarantee sustainability. The plasticizer based on phthalates was prominent and accounted for more than 75% of the global plasticizer market. But the demand for bioplasticisers, which is a current top market trend, has been stimulated through tough governance legislation and increased consumer health concerns.
The global plasticizer segmented on the By Type –
• Phthalates
• Non-Phthalates
• By Application - Flooring & Wall Covering
• Wire & Cable
• Coated Fabric
• Consumer Goods
• and Film & Sheet.
• Phthalates is the largest segment of the plasticizers market
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owing to availability at cheap rates and wide usage in various industries.Dioctyl Phthalate (DOP) and Diisononyl Phthalate (DINP) / Diisodecyl Phthalate (DIDP) / Di(2-propylheptyl) Phthalate (DPHP) are the most commonly used phthalate plasticizers in the market. Their excellent properties such as high durability stability and strong performance are also driving the phthalates market. North America dominates the market throughout the forecast period .
By geography the market is segmented into North America, South America, Europe, Asia-Pacific, and Middle East & Africa. APAC is the largest and the fastest-growing market for plasticizers owing to the rising demand for flexible PVC in the region. Changing construction activities and demand for automotive are expected to drive the market for plasticizers.
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The region is projected to be the fastest-growing market owing to rising construction activities, especially in the residential sector, increasing automotive production, and industrialization. China was the largest market for plasticizers in the APAC during the forecast period. Companies Profiled The Plasticizer market is competitive with existing players in the market.
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Some of the major players include -
• UPC Technology Corporation
• Exxon Mobil Corporation
• Aekyung Petrochemical Co Ltd
• BASF SE
Nan Ya Plastics Corporation Research Methodology:The research methodology of global devices market involves extensive primary and secondary research. Primary research includes about 18 hours of interviews and discussions (telephonic, face-to-face, emails, and others), with a wide range of stakeholders including upstream and downstream participants. Primary research typically forms the bulk of the research efforts, but is also, coherently supported by extensive secondary research. Over 5,700 product literatures, industry releases, annual reports, and other such documents of key industry personnel have been reviewed to obtain a better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations releases, and government websites are also reviewed for generating high-value industry insights.
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