Press release
Plasticizers Market is Projected to Reach USD 28.38 Billion by 2030: Cognitive Market Research
Plasticizers Market is Projected to Reach USD 28.38 Billion by 2030: Cognitive Market Research
What are Plasticizers?
The plasticizers market refers to the global industry involved in the production, supply, and distribution of chemicals that are added to plastic materials to improve their flexibility, durability, and other physical properties. Plasticizers are typically organic compounds added to plastics during manufacturing to improve their performance, reduce costs, and increase efficiency. They are widely used in a range of industries, including automotive, construction, packaging, and electronics, among others. The market for plasticizers is driven by the growing demand for flexible and lightweight materials in various applications, as well as the increasing focus on sustainability and environmental regulations.
Summary:
As per the study of CMR, the Global Plasticizers Market size was valued at USD 18.04 Billion in 2022 and will reach USD 28.38 Billion by 2030 and is expected to grow at a CAGR of 5.8% during the forecast period (2023-2030).
To know more about The Plasticizers Market statistics click here: https://www.cognitivemarketresearch.com/plasticizers-market-report
Market Dynamics:
Plasticizers Market Drivers:
Plasticizers are primarily used to make polyvinyl chloride (PVC) flexible, widely used in the construction, automotive, and healthcare industries. The rising demand for flexible PVC, thus increasing demand significantly boost the market growth.
Plasticizers are widely used in the production of consumer goods, such as toys, footwear, and furniture. The growing demand for these products, especially in developing countries, is driving the demand for plasticizers market growth.
The construction industry is a major user of plasticizers, as they are used in the production of PVC pipes, flooring, roofing, and other construction materials. The growing demand for construction materials is expected to drive the demand for the plasticizers market.
Plasticizers Market Opportunities:
There is an increasing demand for bio-based plasticizers due to their environmentally friendly nature. This presents an opportunity for companies to invest in the development of new bio-based plasticizers.
With increasing concerns over the environmental impact of plastic waste, there is a growing demand for sustainable solutions. Companies that can offer sustainable plasticizers and promote sustainable practices in their operations have the potential to gain a competitive advantage and further create lucrative opportunities for the market.
Plasticizers Market Restraints:
Certain types of plasticizers, such as phthalates, have been linked to health concerns such as reproductive issues and cancer. This has led to increased regulations on the use of these plasticizers, which can limit the growth of the market.
Market Segmentation:
Type:
• Phthalate
• Non-phthalate
Based on type, the phthalate segment has the largest revenue share in the plasticizers market. This dominance is attributable to their low cost as well as qualities like excellent durability, stability, and robust performance. The market share for phthalate plasticizers of the DINP type was the largest.
Application:
• Floorings & Wall Coverings
• Wires & Cables
• Coated Fabrics
• Consumer Goods
• Films & Sheets
• Others
Competitive Analysis of the Plasticizers Market: Arkema S.A. , BASF SE , Daelim Industrial Co. Ltd. , Dow Chemical Company , LG Chem Ltd. , Evonik Industries AG , ExxonMobil Chemical , Eastman Chemical Company , Ineos Group , UPC Group
Get free sample pages of the latest published Plasticizers Market Report: https://www.cognitivemarketresearch.com/plasticizers-market-report#request_sample
Regional Analysis:
Asia Pacific accounted for the largest share of the plasticizers market.
Asia Pacific has the largest revenue share in the plasticizers market. Due to rising demand from construction and packaging applications, Asia Pacific is predicted to hold the greatest market share. Additionally, the vast populations of consumers in China and India will support regional expansion. Due to the expanding need for polymers from the electrical and textile industries, North America is predicted to experience significant development.
Plasticizers Market News:
Israeli company StePac Ltd. and German company BASF teamed up (December 2022)
BASF (Germany) and StePac Ltd. (Israel) agreed to develop cutting-edge sustainable packaging exclusively for the fresh produce industry.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Plasticizers Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Plasticizers Market Segmentation
1.5.1 Plasticizers Market Regional Fragmentation
1.5.1 Plasticizers Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Plasticizers Market
• 3.1 Global Plasticizers Market Size 2018 - 2030, (USD Million)
• 3.2 Global Plasticizers Value, Absolute & Opportunity Analysis
• 3.3 Global Plasticizers Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Plasticizers Market Statistics 2022: Snapshot
Chapter 4 Global Plasticizers Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Plasticizers Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Plasticizers Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Plasticizers Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Plasticizers Market by Product Type Segmentation Analysis (2018-2030)
Chapter 13 Global Plasticizers Market by End-User Segmentation Analysis (2018-2030)
Chapter 14 Global Plasticizers Market Regional Analysis
Chapter 15 North America Plasticizers Market Outlook (2018 - 2030)
Chapter 16 Europe Plasticizers Market Outlook (2018 - 2030)
Chapter 17 Asia Pacific Plasticizers Market Outlook (2018 - 2030)
Chapter 18 Latin America Plasticizers Market Outlook (2018 - 2030)
Chapter 19 Middle East and Africa Plasticizers Market Outlook (2018 - 2030)
Chapter 20 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Plasticizers Market TOC click here: https://www.cognitivemarketresearch.com/plasticizers-market-report#table_of_contents
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• Plasticizer Alcohol Market- https://www.cognitivemarketresearch.com/plasticizer-alcohol-market-report
• Non-Phthalate Plasticizer Market- https://www.cognitivemarketresearch.com/non-phthalate-plasticizer-market-report
• Bio Plasticizer Market- https://www.cognitivemarketresearch.com/bio-plasticizer-market-report
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• How Big Data is Improving Market Research: Cognitive Market Research- https://www.cognitivemarketresearch.com/blog/how-big-data-is-improving-market-research
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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