Author: Vikas Kumar
12 January 2023
The global plasticizers market is likely to showcase a growth of around 5% during the forecast period. Plasticizers are widely consumed in the production of flexible PVC. As the demand for flexible PVC is growing due to rising demand from end markets like the transportation and construction industries, thus, PVC manufacturers are making significant efforts to increase their production capabilities which eventually boosts the demand for plasticizers.
For a detailed analysis of the global Plasticizers market browse through – https://univdatos.com/report/plasticizers-market/
Over the years, the demand for plasticizers has increased manifolds as the world is increasingly consuming a greater number of plastic components over its metal and wood substitute. Plasticizers are used mainly in the conversion of rigid PVC into flexible, soft, and elastic PVC which commonly founds applications in a range of industries including transportation, construction, healthcare, and residential. For instance, in the transportation industry, flexible PVC is used for upholstery, dashboards, flooring, headliner, tonneau, and mud flaps whereas, in the healthcare industry, it is used for the manufacturing of IV bags, BP cuffs, VT sleeves, incontinence products, body bags, mattress/gurney covers, wallpaper, flooring, upholstery, pharmaceutical package/labels. As the global demand for flexible PVC is growing due to the rising production from end markets thereby PVC manufacturers are making efforts to increase their manufacturing capability, thereby promoting the consumption of raw materials including plasticizers.
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Based on type, the market is categorized into phthalates, terephthalates, epoxies, aliphatics, trimellitates, and others. Among these, phthalates accounted for a major share of the market due to their high degree of compatibility with PVC, as a result, it is preferred by flexible PVC manufacturers. However, several country governments have implemented stringent regulations on the use of phthalates as a plasticizer which might provide resistance to its demand during the forecast period.
Based on application, the market is categorized into wire & cable, film & sheet, flooring & wall covering, consumer goods, coatings, and others. Among these, the wire & cable category is likely to showcase significant growth owing to increasing investment in all the establishments like industrial, commercial, and residential, as a result, a large amount of wire & cable will be required, this in turn fuel the demand for flexible PVC for insulation purpose, thereby escalate the demand for plasticizers.
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For a better understanding of the market adoption of Plasticizers, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region captured a majority share of the global plasticizers market, and it is likely to take more position in the market during the forecast period. Large and growing end-use industries in regional economies like China, India, and ASEAN countries along with a growing population coupled with rising disposable income are fueling the market growth.
Global Plasticizers Market Segmentation
Market Insight, by Type
• Phthalates
• Terephthalates• Epoxies• Aliphatics• Trimellitates• Others
Market Insight, by Application
Market Insight, by Region
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