DUBLIN--(BUSINESS WIRE)--The "Global Plasticizers Market Analysis: Plant capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use Grade, Application, Sales Channel, Region, Competition, Trade, Customer, and Price Intelligence Market Analysis 2015-2030" report has been added to ResearchAndMarkets.com's offering.
Global Plasticizers demand stood at 8.23 Million Tonnes in 2020 and is forecast to reach 12.91 Million Tonnes by 2030, growing at a healthy CAGR of 4.71% until 2030. A plasticizer is an additive that is added to increase the material's flexibility and durability. These additives when combined with plastics enhance their thermoplasticity and boost fabrication quality. Plasticizers act as a lubricant between segments of the polymer chain for greater mobility. Many polymers would become too brittle and rigid if used without a plasticizer.
Depending on their properties Plasticizers can be classified -Phthalates, Non-Phthalates, Epoxy, Aliphatic, Polymeric, others. Primarily plasticizer is processed by reacting olefins and acid with an appropriate amount of alcohol. Because of their properties such as high resilience, stability, and improved efficiency, phthalates are the most used compound in Plastic Industry. Subsequently, the rising demand for Plasticizers is majorly dependent on the end-user industries for manufacturing films & sheet material as it exhibits good barrier characteristics such as weather resistance and good heat stability. PVC cables, vinyl flooring, coatings, adhesives, and some plastics that need versatility generally contain phthalates. The majority of Plasticizers are utilized in the manufacturing of Polyvinyl chloride (PVC) to enhance its durability.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Leading authorities around the globe imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Manufacturing units were temporarily shut down and disruption in the supply chain was observed which led to the market decline.
The demand for Plasticizer's manufacturing process optimization in terms of environmental impact reduction and structural element reliability and safety has increased significantly in past few years. Additionally, due to the booming automotive industry, there has been an increased demand for plasticizers in PVC as it possesses outstanding mechanical properties and mouldability. Because of the growing global population, the evolving food industry is fuelling demand for packaged foods, which is driving up its consumption of PVC polymer for food packaging and ramping the requirements of plasticizers.
Based on regional analysis, Asia-pacific is expected to dominate the plasticizer market in the forecast period. The rise in the number of automotive and construction activities is driving the growth of the plasticizer market. Also, the use of plasticizer in wall and floor coverings, consumer goods, coated fabrics, film and sheet, among others is boosting the demand in the region.
Major players operating in the Global Plasticizers market BASF SE , ExxonMobil Chemical, Eastman Chemical Company, Ineos Group, and UPC Group , Arkema S.A , Blue sail Chemical Group, and Clariant International. Lanxess AG, LG Chem, Ltd., Mitsubishi Chemical Holdings Corporation, KLG group, Nan Ya Plastics Corp and others. These industries are constantly attempting to capitalise on the growing demand for plasticizers by producing and maintaining supply chain as much as possible. The pricing of Plasticizers is generally dependent on fluctuations of olefins, and other upstream sources.
Objective of the Study:
- To assess the demand-supply scenario of Plasticizers which covers production, demand, and supply of the market worldwide.
- To evaluate and forecast the market size of Plasticizers
- To classify and forecast overall market based on end-use, region, and sales channel.
- To identify drivers and challenges
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc.
- To identify and analyse the profile of leading players involved in the manufacturing of Plasticizers.
Key Topics Covered:
1. Global Plasticizers Market Outlook, 2015-2030
1.1. Capacity, By Volume
1.1.1. By Company
1.2. Production
1.2.1. By Company
1.3. Operating Efficiency
1.3.1. By Company
2. Global Plasticizers Demand Outlook, 2015-2030, By Volume
2.1. By End Use
2.2. By Region
2.3. By Company
3. North America Plasticizers Market Outlook, 2015-2030
4. North America Plasticizers Demand Outlook, 2015-2030, By Volume
5. Asia Pacific Plasticizers Market Outlook, 2015-2030
6. Asia Pacific Plasticizers Demand Outlook, 2015-2030, By Volume
7. Europe Plasticizers Market Outlook, 2015-2030
8. Europe Plasticizers Demand Outlook, 2015-2030, By Volume
9. MEA Plasticizers Market Outlook, 2015-2030
10. MEA Plasticizers Demand Outlook, 2015-2030, By Volume
11. South America Plasticizers Market Outlook, 2015-2030
12. South America Plasticizers Demand Outlook, 2015-2030, By Volume
13. News and Deals
For more information about this report visit https://www.researchandmarkets.com/r/5vzoj7
