Plasticizers are versatile chemical additives widely used in various applications. They enhance the flexibility, workability, and durability of materials such as PVC, rubber, and concrete. In the construction industry, plasticizers improve concrete workability, making it easier to pour and shape. In the automotive and electrical sectors, they enhance the performance of PVC-based products. Their key features include excellent compatibility, low volatility, and high thermal stability. Plasticizers play a pivotal role in modern industries, contributing to the development of durable and resilient materials for a wide range of applications.
According to Data Bridge Market Research, the Global Plasticizers Market is expected to reach USD 16,33.1 million. The market is expected to grow with a CAGR of 5.91% in the forecast period of 2022 to 2029.
“Rise in construction activities boosts the market’s growth”
The rise in construction activities plays a significant role in boosting the plasticizers market's growth. Plasticizers are chemical additives used to enhance the flexibility, workability, and durability of construction materials such as concrete, PVC pipes, and flooring. As construction projects increase, so does the demand for plasticizers to improve the performance of these materials. Additionally, rapid urbanization and infrastructure development worldwide contribute to the rising demand for plasticizers, making them a crucial component in the construction industry's growth.
What restraints the growth of the global plasticizers market?
“Disruption in the supply chain restraints the market’s growth”
Disruption in the supply chain severely restrains the plasticizers market's growth. Plasticizers are commonly sourced from various regions, and any disruptions in raw material availability, transportation, or production can lead to shortages and price fluctuations. Factors such as natural disasters, geopolitical tensions, and pandemics can disrupt supply chains, affecting the timely delivery of plasticizers to manufacturers. This hampers production capacities and delays project timelines in industries like construction and automotive, leading to uncertainty and constraints in the overall plasticizers market growth.
Segmentation: Global Plasticizers Market
The global plasticizers market is segmented on the basis of type, application, distribution channel and end-user.
- On the basis of type, the plasticizers market is segmented into phthalates and non-phthalates. On the basis of application, the plasticizers market is segmented into flooring and wall covering, wire and cable, coated fabrics, consumer goods, film and sheet, and others.
- On the basis of distribution channel, the market is segregated into online and offline.
- On the basis of end-user, the plasticizers market is segmented into construction and remodelling, electronics and communication, automobile and tire industry, medical and healthcare and others.
Regional Insights: Asia-Pacific dominates the Global Plasticizers Market
Asia-Pacific is estimated to dominate the plasticizers market due to the region's rising adoption of plasticizers. These additives are widely used to improve the flexibility and durability of plastics. The increasing demand for plastic products across various industries has driven the market's expansion, offering significant opportunities for manufacturers and suppliers.
Meanwhile, North America will also experience significant growth due to the widespread use of plasticizers in corrugated cardboard applications. This demand surge for corrugated cardboard has played a crucial role in boosting the plasticizers market's rapid growth in the region during the forecast period.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-plasticizers-market
The Prominent Key Players Operating in the Global Plasticizers Market Include:
- UPC Group (U.S.)
- Exxon Mobil Corporation (U.S.)
- AEKYUNG CO. (South Korea)
- BASF SE (Germany)
- NAN YA PLASTICS CORPORATION (Taiwan)
- Eastman Chemical Company (U.S.)
- Evonik Industries AG (Germany)
- LG Chem. (South Korea)
- Bloomberg L.P. (U.S.)
- Chemamde (France)
- DIC CORPORATION (Japan)
- Jiangsu Zhengdan Chemical Industry Co (China)
- Kao Corporation (Japan)
- KLJ Group (India)
- LANXESS (Germany)
- OXEA GmbH (Germany)
- Polynt (Italy)
- Velsicol Chemical LLC (U.S.)
- Shandong Hongxin Chemicals Industry Co, Ltd (China)
- Vertellus Specialities Inc (U.S.)
- Supreme Plasticizers (India)
Above are the key players covered in the report, to know about more and exhaustive list of global plasticizers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Plasticizers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
