The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Plasticizers market is expected to witness a healthy CAGR of 5.9% during the forecast period. The increasing demand for plasticizers is mainly due to their wide applicability in applications, such as coated fabric, consumer goods, film & sheet, flooring & wall covering, wire & cable, and others.
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Based on the product type, the market is segmented as phthalates plasticizers and non-phthalates plasticizers. The phthalates plasticizers segment held the larger share of the market due to wide usage of plasticizers in a large number of industries, and their availability at an economical cost. DOP DINP/DIDP/ DPHP are some of the majorly used plasticizers in the market.
Based on the application type, the plasticizers market is segmented as flooring & wall covering, wire & cable, coated fabric, consumer goods, film & sheet, and others. The flooring & wall covering segment leads the market owing to increasing spending power of people, which is giving rise to construction activities, globally. Usage of plasticizers in both, new construction as well as for maintenance and renovation of old buildings, is attributing to the increasing demand for plasticizers.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing plasticizers market during the forecast period, with China, Japan, India, and Australia being the major countries. The region’s market growth is owing to the increasing per-capita income of countries, huge growth of the construction industry in the region, and presence of a large number of plasticizer manufacturers in countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Plasticizers Market analysis report discusses the following heads in great detail:
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