Pune, India -- (SBWIRE) -- 04/20/2018 -- Market Highlights
Specialty Plasticizers are polymer additives for improving softness, flexibility, durability, and volatility of the plasticized materials. Specialty plasticizers are used in to make low temperature resistance, volatility-resistance and good electrical properties for leather, seats, PVC films and electrical wires. Plasticizers are highly used in some PVC applications such as cables, PVC films, flooring, roofing and wall coverings. Specialty plasticizers are grouped into a number of categories such as phthalates, polymerics, aliphatics, epoxides, phosphates, trimellitates and others.
The Global Specialty Plasticizers Market is segmented on the basis of type, application, and region. Based on type, the market is categorized into phthalates, trimellitates, aliphatic dibasic esters, polymeric, phosphates epoxides, and other in which phthalates Specialty Plasticizers highly occupied the Global Specialty Plasticizers Market share. On the other hand, in Europe three phthalate specialty plasticizers including di (2-ethylhexyl) phthalate (DEHP), will be permanently banned for use in toys. The European Union has also banned some phthalates specialty plasticizers in cosmetics similar Japan and California has also banned DINP and DEHP in toys and food-handling gloves owning to this can hamper the Global Specialty Plasticizers Market in forecasted period.
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Regional Analysis:
The Global Specialty Plasticizer Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Specialty Plasticizer Market is largest market accounting for more than half of the Global Plasticizers Market share, both in terms of value and volume owing to robust industry growth of application industry in China, Japan and India. Asia Pacific specialty plasticizer market size is likely to witness highest gains over the forecast period. The global consumption of specialty plasticizer market in APAC is 3.5 million tons also APAC region has 65% of the Global Specialty Plasticizer capacity. The global increment in economic growth rate is expected to lead to increase in the disposable income and improvement in lifestyle, facilitating luxuries of the population. This in turn may result in increase in sales for end-use merchandises of Specialty Plasticizers such as electronic apparatus, toys, children care products, cars, and others.
The Europe Specialty Plasticizer Market is increasing due to their end-use industries such as automotive, and building & construction. Europe is expected to hold the market with its increasing demand for Specialty Plasticizer in various applications, such as coated fabric, wire & cable, flooring & wall coverings, and others. The Europe markets is predicted to show a rising growth in the forecasted period.
Europe is one of the second largest region, both in terms of volume and value, followed by North America. In North America region accounts for the highest share of the Specialty Plasticizer Market. Some market restrains such as alternatives of Specialty Plasticizer and growing environmental concerns in Europe may hamper the market in forecasted period. North America holds third position in terms of Specialty Plasticizer followed by Latin America which is expected to witness significant growth owing to growing automotive industry and building & construction industry.
Global Specialty Plasticizer Key Players
Key players of the Global Specialty Plasticizer Market are UPC Group (Taiwan), Eastman Chemical Company (US), Evonik Industries AG(Germany), BASF SE (Germany), Exxonmobil Corporation (US), Shandong Qilu Plasticizers Co. LTD (China), Nan Ya Plastics Corporation (Taiwan), Aekyung Petrochemical Co. LTD (South Korea), Lg Chem LTD.(South Korea), Struktol Company of America (US) and others.
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