Pune, India -- (SBWire) -- 05/14/2018 --Market Research Future will be publishing a Half Cooked Research Report on Global Plasticizers Market that contains the information from 2016 to 2022. Global Plasticizers Market is expected to grow with the CAGR 2.2% of more than from 2016 to 2022, and with this it is predictable to cross USD 18,500 Million by 2022.
Plasticizers are organic ester additives, which are added to polymers to enrich the performance of the polymeric material, by enhancing various properties such as, flexibility, diffusivity, heat resistance, stability and toughness. Phthalate Plasticizer represented about 85% of the Global Plasticizer Market. The growth of automotive and chemical among other industries in the developing markets is anticipated to further augment the demand for Plasticizers.
Plasticizers are widely used as additives in PVCs. They are used in PVC resins, PVC cables, vinyl flooring, wire jacketing, automobile parts etc. The use of Plasticizers for residential applications such as, flooring, wall coverings and roofing membranes is further attributed to the growth of plasticizers market in the near future. However, the regulations prohibiting the use of phthalate Plasticizers in the developed nations is restricting the growth of plasticizers market in the developed nations. Inclination towards Bio-Plasticizers is also anticipated to hamper the growth of Global Plasticizers Market during the forecast period.
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Industry/ Innovation/ Related News:
October 28, 2015 – BASF SE (Germany), one of the leading manufacturers of plasticizers, declared that the company has initiated to start the production of Palatinol® DOTP (dioctyl terephthalate), a general purpose plasticizer, in North America in 2017, by improving and expanding the production facilities in Pasadena, Texas. This facility has a capacity to produce 60,000 metric tons per year. One of the sources of the company declared that this decision was mainly taken due to growing demand of plasticizers in developed and emerging companies. Moreover, BASF SE, also announced that Palatinol DPHP (dipropyl heptyl phthalate) and DINP (di-isononyl phthalate), were integrated to produce Palatinol DOTP at its production facility. Therefore, these factors are estimated to drive the market during the forecast period due to advantages offered by the product such as flexibility, strength, durable nature, and others.
Asia Pacific has dominated Plasticizers Market in 2016
Asia Pacific dominated the market for Global Plasticizers and registered a considerable CAGR in 2016. The market has been growing due to various growing manufacturing sector namely, automotive, medical devices, chemicals and consumer goods. Among the countries in Asia Pacific, China dominated the market for Plasticizers in terms of value and volume in 2016, and it is anticipated to dominate in the fore coming years.
Developed markets such as North America and Europe plasticizers markets witnessed sluggish growth and consumption due to the stringent regulations for use of phthalate plasticizers in the region along with the customer inclination towards Bio-Plasticizers are some of the factors attributed to the sluggish growth of Plasticizers Market in these regions.
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Nan Ya Plastics
Union Petrochemical Corp.
Dahin Co.
Aekyung Industrial Co.
LG Chemical
Exxon Mobil Corporation
Eastman Chemical Company
BASF
Evonik Industries
Bluesail Chemical Group
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Plasticizers Market: Shows Expected Trend to Guide from 2018-2022 with Growth Analysis by Manufacturers, Regions, Type and Application
Plasticizers Market Information- by Type (Phthalates, Adipates, Trimellitates, Epoxy, Polymerics, Phosphates), by Application (Flooring, Wall Coverings, Roofing Membranes, Electrical Cable & Wires, Automotive, Medical Devices and others) and by Region - Forecast to 2022