Global Plasticizer Market is Set for Rapid Growth, to Reach Around USD 19.82 Billion by 2020
Sarasota, FL -- (SBWIRE) -- 11/09/2016 -- The report covers forecast and analysis for the plasticizers market on a global and regional level. According to the report, the global plasticizers market accounted for USD 15.35 Billion in 2014 and is expected to reach USD 19.82 Billion by 2020, growing at a CAGR of around 4.4% between 2015 and 2020.The study includes drivers and restraints for the plasticizers market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the plasticizers market on a global level.
Rapidly growing demand for PVC coupled with the growing demand for high and non phthalates are expected to be the major drivers of the plasticizers market. However, the declining market for DOP may hamper the market growth in the near future. Nonetheless, ongoing research on biobased pesticides may open growth opportunities for the market within the forecast period. In Europe, the safe use of plasticizers is enabled by Registration, Evaluation, Authorization and Restriction of Chemicals (REACH). However, government regulations and rising health concerns of the consumers expected to boost the demand of bio-plasticizers.
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In order to give the users of this report a comprehensive view on the plasticizers market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the plasticizers market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.
Low phthalates, high phthalates and non-phthalates are the key products of the plasticizers market. Low phthalates was the leading segment and accounted for 44.2% share of the total volume consumption in 2014. In terms of volume, high phthalates was another key outlet of plasticizers market in 2014. Non-phthalates is an important segment of plasticizers market on account of increasing demand for bio-based plasticizers.
Plasticizers finds in different applications such as floor walls & coverings, wires & cables, consumer goods, film & sheets and others. In 2014, floor walls & coverings was the dominating application segment of plasticizers market. It accounted over 25.1% share of the total volume consumption. This growth is attributed to huge utilization of plasticizers in floor walls & coverings owing to its excellent properties such as fast fusers, viscosity reducers, and low-VOC
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The study provides a decisive view on the plasticizers market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This segmentation includes demand for individual applications in all the regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include BASF, Eastman Chemical Corporation, ExxonMobil Corporation, Evonik Industries Ag, Dow Chemical Corporation, Nan Ya Plastics Corporation, Shandong Hongxin Chemicals Co. LTD., UPC, Aekyung Petrochemical Co. Ltd and Teknor Apex.
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This report segments the global plasticizers market as follows:
Global Plasticizers Market: Product Segment Analysis
Global Plasticizers Market: Application Segment Analysis
Floor walls & coverings
Wires & cables
Film & sheets
Global Plasticizers Market: Regional Segment Analysis
Middle East and Africa
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