Global Plasticizers Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
26 Oct, 2021
The plasticizers market consists of sales of plasticizers and related services. Plasticizers are chemical additives used to increase the plasticity or fluidity of a material. The dominant applications are for rubber, resins and plastics especially polyvinyl chloride (PVC).
Global Plasticizers Market Size And Drivers:
The global plasticizers market is expected to grow from $78.91 billion in 2020 to $87.81 billion in 2021 at a compound annual growth rate (CAGR) of 11.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $93.77 billion in 2025 at a CAGR of 2%. Rising demand for flexible polyvinyl chloride (PVC) contributing to the growth of the plasticizers market.
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Trends In The Global Plasticizers Market
Eco-friendly plasticizers are increasingly being used to prevent harmful phthalates plasticizers such as DOP, DBP, BBP, and DEP. Eco-friendly plasticizers have various properties such as waterproof with good electrical resistivity, weather resistance, better mechanical strength, and good heat stability. Due to these factors, phthalates plasticizers are being replaced with eco-friendly plasticizers. Eco-friendly plasticizers are polymer additives that improve a material's plasticity. The global eco-friendly plasticizers market is growing rapidly due to increased demand of eco-friendly plasticizers to keep human health and environment safe. These plasticizers come with low toxicity and good compatibility and are used in various applications, mainly in films and cable manufacturing and is driving the growth of the plasticizers market.
Global Plasticizers Market Segments:
The global plasticizers market is further segmented –
By Product Type: Phthalates Plasticizers, DOP, DINP/DIDP/DPHP, Others, Non-Phthalates Plasticizers, DOTP, Adipates, Trimellitates, Epoxies, Benzoates
By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Others
By Distribution Channel: Online, Offline
By Geography: The global plasticizers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Plasticizers Market At:
https://www.thebusinessresearchcompany.com/report/plasticizers-global-market-reportPlasticizers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides plasticizers market overviews, analyzes and forecasts market size and growth for the global plasticizers market, plasticizers market share, plasticizers market players, plasticizers market segments and geographies, plasticizers market’s leading competitors’ revenues, profiles and market shares. The plasticizers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.