Harrisburg, NC -- (SBWIRE) -- 10/23/2020 -- Global Plasticizers Market Size, Status And Forecast 2020-2025
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).
The global plasticizers manufacturing market was worth $ 93.76 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 4.4% and reach $111.38 billion by 2023.
The plasticizers market covered in this report is segmented by type into phthalates plasticizers, DOP, DINP/DIDP/DPHP, others, non-phthalates plasticizers, DOTP, adipates, trimellitates, epoxies, benzoates. It is also segmented by application into flooring & wall, film & sheet coverings, wires & cables, coated fabrics, consumer goods, others
Major players in the market are Arkema S.A., BASF SE, Dow Chemical Company, LG CHEM LTD., Evonik Industries Ag, Exxon Mobil Corporation, Eastman Chemical Company, Ineos Group, UPC GROUP, Bluesail
Inquire here to avail discount on this report:
https://www.marketinsightsreports.com/reports/05072013785/plasticizers-global-market-report-2020-including-1-by-type-phthalates-plasticizers-dop-dinp-didp-dphp-others-non-phthalates-plasticizers-dotp-adipates-trimellitates-epoxies-benzoates-2-by-application-flooring-wall-film-sheet-coverings-wires-cables-coated-fabrics-consumer-goods-others-covering-arkema-s-a-basf-se-dow-chemical-company-lg-chem-ltd-evonik-industries-ag/inquiry?source=Releaswire&Mode=54
Rising demand for flexible polyvinyl chloride (PVC) contributing to the growth of the plasticizers market. Flexible PVC is softer than unplasticized polyvinyl chloride (uPVC) due to the addition of plasticizers. Increasing demand for flexible PVC material in various end-use industries, drives the demand for platisizers. Flexible packaging provides a long-lasting safety, lighweight and compactness while maintaining a low carbon footprint, therefore rising demand of PVC from the packaging industry.
The strict regulations on using phthalates plasticizers is limiting the growth of the plasticizers market. Phthalates plasticizers are the most commonly used plasticizers due to easy availability and low cost. Several companies are moving away from phthalate plasticizers as the number of studies reveal the health effects caused due to the use of plasticizers. However, non-governmental organizations such as the U.S. Green Building Council (USGBC) promotes the use of non-phthalate plasticizers because of their environment friendly nature. The applications of certain phthalates in many consumer products are prohibited in various countries. Directives such as EEC Directive 2005/84/EEC, (EC) 10/2011 (Union List), and other regulations in Europe ban the use of phthalates plasticizers in some applications. The European parliament forbids the use of phthalates plasticizers such as DEHP, DBP, and BBP in toys and childcare products. Therefore, strict regulations on using phthalates plasticizers have a negative impact on the plasticizers market growth.
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.
In May 2018, Lien Hwa Industrial Corp, a Taiwan-based company specialized in producing and selling flour, wheat bran, edible and food grains, acquired 16.4 million shares of UPC Technology Corp for $10.06 million at an average share price of $0.61. UPC Technology Corp is a Taiwan-based company specialized in manufacturing and distributing chemical products such as plasticizer, polyol, fatty ester, and other specialty chemicals.
Order a Copy of This Report at:
https://www.marketinsightsreports.com/report/purchase/05072013785?mode=su?Mode=54
Influence of the Plasticizers market report:
-Comprehensive assessment of all opportunities and risk in the Plasticizers market.
-Plasticizers market recent innovations and major events.
-Detailed study of business strategies for growth of the Plasticizers market-leading players.
-Conclusive study about the growth plot of Plasticizers market for forthcoming years.
-In-depth understanding of Plasticizers market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Plasticizers market.
Browse Full Report at:
https://www.marketinsightsreports.com/reports/05072013785/plasticizers-global-market-report-2020-including-1-by-type-phthalates-plasticizers-dop-dinp-didp-dphp-others-non-phthalates-plasticizers-dotp-adipates-trimellitates-epoxies-benzoates-2-by-application-flooring-wall-film-sheet-coverings-wires-cables-coated-fabrics-consumer-goods-others-covering-arkema-s-a-basf-se-dow-chemical-company-lg-chem-ltd-evonik-industries-ag?source=Releaswire&Mode=54
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluates key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Plasticizers Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Browse Related Reports:
Global Polyester Plasticizers Market 2020 By Manufacturers, Regions, Type And Application, Forecast To 2025
https://www.marketinsightsreports.com/reports/10102350740/global-polyester-plasticizers-market-2020-by-manufacturers-regions-type-and-application-forecast-to-2025/inquiry?mode=54
Global Vinyl Flooring Plasticizers Market 2020 By Manufacturers, Regions, Type And Application, Forecast To 2025
https://www.marketinsightsreports.com/reports/10022328313/global-vinyl-flooring-plasticizers-market-2020-by-manufacturers-regions-type-and-application-forecast-to-2025/inquiry?mode=54
Global Bio-Plasticizers Market 2020 By Manufacturers, Regions, Type And Application, Forecast To 2025
https://www.marketinsightsreports.com/reports/10022328195/global-bio-plasticizers-market-2020-by-manufacturers-regions-type-and-application-forecast-to-2025?mode=54
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
About MarketInsightsReports
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.