Plasticizers Market Size to Reach USD 10110 Million by 2026 at a CAGR 2.1% | Valuates Reports

BANGALORE, India, April 15, 2021 /PRNewswire/ -- The Plasticizers Market is segmented by Type Low Phthalates, High Phthalates, Non-Phthalates, by Application Flooring & Wall Coverings, Film & Sheet, Wire & Cable, Coated Fabric, Consumer Goods. The report covers global opportunity analysis and industry forecasts from 2021 to 2026. It is published in Valuates Reports in the Chemical Industry Category.

The global Plasticizers market size was valued at USD 8737.7 Million in 2019, and it is expected to reach USD 10110 Million by the end of 2026, growing at a CAGR of 2.1% during 2021-2026.

Major factors driving the growth of plasticizers market size are:

• Rise in demand for flexible PVC in various applications, such as flooring & wall coverings, wire & cable, coated fabrics, consumer goods, and film & sheet
• Increase in adoption of non-phthalate & high molecular weight phthalate plasticizers
• Rapid growth of the construction industry in developing countries.

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TRENDS INFLUENCING THE GROWTH OF PLASTICIZERS MARKET SIZE

• Increasing demand for flexible PVC is expected to drive plasticizer market size. PVC is a rigid thermoplastic polymer in general. Plasticizers are used for making PVC soft by imparting the requisite flexibility and durability. Because of its excellent water resistance and non-flammable properties, flexible PVC has seen steady growth. Furthermore, due to its high performance and reliability, flexible PVC is used in various end-user applications such as pipe, flooring, wall coverings, napkins, adhesive films, pool liners, extruded cables, automobile, synthetic leather coated textiles, and medical devices.
• The construction sector is witnessing rapid growth on account of the increasing infrastructure projects, mainly in developing countries. This, in turn, is expected to fuel the growth of plasticizer market size.
• Furthermore, during the forecast period, demand for cured plastic from packaging, healthcare & medical, toys, and consumer goods is expected to increase the growth of plasticizer market size.
• Continuous innovation in plasticizers, which has resulted in the production of bio-derived types, is expected to provide numerous opportunities for the plasticizer market to grow. The plasticizers industry is concentrating on developing safer alternatives, with a recent focus on bio-based that have a lower environmental impact. Phthalates plasticizers are being phased out in favor of bio-based plasticizers due to their toxicity and various regulations. As a result, to meet the need for environmentally friendly plasticizers, manufacturers are launching bio-based alternatives.

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PLASTICIZERS MARKET SHARE ANALYSIS

Based on region, Asia-Pacific is expected to be one of the most lucrative regions during the forecast period. This is due to the growing construction and automotive industries in the region. China was the leading production region in the plasticizer market, with a 49.55% market share in 2015.

Based on application, the film & sheet segment is expected to be one of the most lucrative market segments during the forecast period. This segment's growth can be attributed to the demand from the food and beverage industry's packaging application.

Based on type, the non-phthalates segment is expected to be one of the most lucrative segments due to the Registration, Evaluation, and Authorization of Chemicals (REACH) regulations for restrictions on the use of phthalates.     

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PLASTICIZERS MARKET SEGMENTS

Segment by Type

• Low Phthalates (3-6 carbon atoms)
• High Phthalates (7-13 carbon atoms)
• Non-phthalates.

Segment by Application

• Flooring & Wall Coverings
• Film & Sheet
• Wire & Cable
• Coated Fabric
• Consumer Goods
• Others.

By Company

• UPC Group
• Bluesail
• Exxonmobil
• Henan Qing'an Chemical Hi-Tech
• Nan Ya Plastics
• Aekyung Petrochemical
• Evonik
• Hongxin Chemical
• Anqing Sheng Feng Chemical
• Basf
• Eastman
• Lg Chem
• Perstorp
• Sinopec Jinling
• Guangdong Rongtai
• Zhejiang Jianye Chemical
• Deza.

Production by Region

• North America
• Europe
• China
• Japan.

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SIMILAR REPORTS

-  The Bio Plasticizers Market size was valued at USD 850.2 Million in 2020 and is projected to reach USD 1280.4 Million by 2027, at a CAGR of 5.6% during the 2021-2027.

-  The global Polyvinyl Chloride (PVC) Market size is projected to reach USD 45 Million by 2027, from USD 36 Million in 2020, at a CAGR of 3.4% during 2021-2027.

-  In 2020, the global Medical Polymers Market size was USD 17170 Million and is forecast to USD 20620 million in 2027, growing at a CAGR of 3.1% during the 2021-2027.

-  The Concrete Superplasticizers Market size was valued at USD 3605 Million in 2020 and is projected to reach USD 5106 Million by 2027, at a CAGR of 4.6% during the 2021-2027.

-  The global PVC Pipes Market size is projected to reach USD 83710 Million by 2027, from USD 59740 Million in 2020, at a CAGR of 4.5% during 2021-2027.

-  Diisononyl Phthalate (DINP) (CAS 28553-12-0) Market is segmented by Type General Grade DIDP, Electrical Grade DIDP, Food and Medical DIDP and by various regions.

-  Low Phthalates Plasticizers Market is segmented by Type DHEP, DBP and by various regions.

-  High Phthalates Plasticizers Market is segmented by Type DINP, DIDP, DPHP and by various regions.

-  Non-phthalates Plasticizer Market is segmented by Type Adipates, Terephthalates, Benzoates, Bio-based plasticizers and by various regions.

-  TINTM Plasticizers Industry segmented by Type 98% Purity, 99% Purity and by various regions.

-  Vinyl Flooring Plasticizers Market is segmented by Type Non-Phthalates, Phthalates and by various regions.

-  Superplasticizers Market is segmented by Type Modified Lignosulfonates (MLS), Sulfonated Melamine-formaldehyde Condensates (SMF), Sulfonated Naphthalene-formaldehyde Condensates (SNF), Polycarboxylate Derivatives (PC), by Application Ready-Mix, Precast, Shotcrete, Self-Compacting and by various regions.

-  Automotive Plasticizers Industry segmented by Type DEHP, DINP, DnBP, BBzP, DIDP, by Application Exterior, Interior, Under the Hood, Electronics & Electrical and by various regions.

-  High Solvating Plasticizers Industry Segment by Type Phthalates, Non-phthalates, by Application Adhesives and Sealants, Coatings and Inks, Automotive Plastisols, Synthetic Leather and by various regions.

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