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Plasticizers Market Worth 16.15 Billion USD by 2022


News provided by

MarketsandMarkets

02 Mar, 2018, 09:30 GMT

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PUNE, India, March 2, 2018 /PRNewswire/ --

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The report "Plasticizers Market by Type (Phthalates, Non-Phthalates), Application (Flooring & Wall Covering, Wire & Cable, Coated Fabric, Consumer Goods, Film & Sheet), and Region (Asia Pacific, Europe, North America) - Global Forecast to 2022" published by MarketsandMarkets™, the market is estimated at USD 12.23 Billion in 2017, and is projected to reach USD 16.15 Billion by 2022, at a CAGR of 5.7% from 2017 to 2022 The rising demand for plasticizers for the manufacture of flexible PVC is expected to drive the Plasticizers Market during the forecast period. The manufacture of flexible PVC consumes about 85% of the global Plasticizers Market. The necessity to soften plastics for usage in various applications, such as wire & cable, film & sheet, and flooring & wall covering, among others by increasing the flexibility of plastics, have resulted in high demand for plasticizers.

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Browse 84 tables and 29 figures spread through 126 pages and in-depth TOC on "Plasticizers Market"

https://www.marketsandmarkets.com/Market-Reports/plasticizers-market-688.html
Early buyers will receive 10% customization on this report

Among types, the phthalates segment led the Plasticizers Market in 2016 

Phthalates is the largest segment of the Plasticizers Market, 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.

Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=688

Among applications, the flooring & wall covering segment is expected to lead the Plasticizers Market during the forecast period 

Flooring & wall covering is the largest segment of the Plasticizers Market, due to the rise in construction across the globe along with an increased need for renovation and maintenance of existing buildings, which are expected to drive demand during the forecast period.

The Plasticizers Market in Asia Pacific is projected to grow at the highest CAGR during the forecast period 

Asia Pacific is the largest and the fastest-growing market for plasticizers due to the rising demand for flexible PVC in the region. Increasing construction activities and demand for automotive are expected to drive the market for plasticizers. The region is projected to be the fastest-growing market due to rising construction activities, especially in the residential sector, increasing automotive production, and industrialization. China was the largest market for plasticizers in the Asia Pacific in 2016.

Key players in the Plasticizers Market 

Key players operating in the Plasticizers Market are UPC Technology Corporation (Taiwan), Exxon Mobil Corporation (US), Aekyung Petrochemical Co., Ltd (South Korea), BASF SE (Germany), and Nan Ya Plastics Corporation (Taiwan). These companies undertake dynamic business strategies to sustain their growth in the Plasticizers Market.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=688

Browse Related Reports 

Non-phthalate Plasticizer Market by Type (Adipates, Trimellitates, Epoxies, Benzoates), Application (Flooring & Wall Coverings, Wire & Cable, Film & Sheet, Consumer Goods, Coated Fabric), and Region - Global Forecasts to 2022

https://www.marketsandmarkets.com/Market-Reports/non-phthalate-plasticizer-market-255784623.html

Bio Plasticizer Market by type (ESBO, Citrates, Castor oil, succinic acid & others), by application (packaging materials, medical devices, consumer goods, wires & cables, building & construction & others), by region - Trends & forecasts to 2020

https://www.marketsandmarkets.com/Market-Reports/bioplasticizers-markets-70153683.html


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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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