Press release
Plasticizers Market Forecast 2023 to 2032
Plasticizers Market - Xcellent Insights
The main function of plasticizers is to increase the flexibility and elongation of plastics, making them easier to process and manipulate during manufacturing. They help lower the glass transition temperature of the polymer, which is the temperature at which a polymer transitions from a hard, glassy state to a softer, rubbery state. This improved flexibility makes plastic products more resistant to cracking, bending, and deformation.
The Plasticizers Market was valued at USD 15.78 Billion in 2022 and is expected to register a CAGR of 3.5% by 2032.
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Key Drivers:
Increasing Demand for Flexible and Lightweight Materials: As industries such as automotive, packaging, and construction seek materials that are lightweight, flexible, and easy to process, the demand for plasticizers rises. Plasticizers play a vital role in enhancing the flexibility and workability of plastics, making them well-suited for various applications.
Growth in Construction and Infrastructure Development: The construction industry's expansion, particularly in developing economies, drives the need for plasticizers. These additives are used in the production of construction materials such as PVC pipes, cables, flooring, and roofing materials, which require durability and resistance to environmental
Plasticizers Market Segment by Type:
• Low Phthalates
• High Phthalates
• Non-phthalates
Plasticizers Market Segment by Application:
• Flooring and Wall Coverings
• Film and Sheet
• Wire and Cable
• Coated Fabric
• Consumer Goods
• Others
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Some Companies Listed in the Report:
• UPC Group
• Bluesail
• ExxonMobil
• Henan Qing'an Chemical Hi-Tech
• Nan Ya Plastics
• Aekyung Sheng Fend Chemical
• BASF
• Eastman
• Lg Chem
• Perstorp
• Sinopec Jinling
• Guangdong Rongtai
• Zhejiang Jianye Chemical
• Deza
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Regional Outlook:
Geographically, the Plasticizers market is segmented into the North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
Economic overview of the major geographies and their impact on the overall industry growth are encompassed in the report.
Consumption growth rate and market share of each region are provided over the forecast period.
Information about the growth opportunities for the players with their base in these regions has been specified.
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About Us:
Xcellent Insights is a global market research and management consulting company offering a plethora of syndicated research reports, customized research reports, consulting services, and useful insights to leading market players, investors, startups, and stakeholders. We cover niche and established markets and identify growth opportunities to help clients make informed decisions and achieve sustainable growth in their respective market domains. We excel in providing in-depth analysis and strive to cover the latest market and industry trends to offer the best services to our clients.
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