Phthalate Plasticizers Market Witnessing High Growth By Key Players | Outlook To 2027
The
Global Phthalate Plasticizers Market is forecast to reach USD 13.92 Billion by 2027,
according to a new report by Reports and Data. Among the various plasticizers
used in PVC, phthalate plasticizers are most commonly used. More than 90% of
the plasticizers used in thermoplastic polymers are used in PVC. These
plasticizers are added to PVC to support the chains of PVC polymers slide
against each other, softening the PVC. These plasticizers are colorless liquids
and insoluble in water. However, it is miscible in hexane, mineral oil, and
most organic solvents. Due to the above mentioned trait, it is easily soluble
in bodily fluids like saliva and plasma. These plasticizers that are used in
PVC are effective and inexpensive.
The
global Phthalate Plasticizers market research report provides a brief overview
inclusive of competitive landscape and key developments in the market. It
provides an extensive study analysis of the strategic alliances such as mergers
and acquisitions, joint ventures, collaborations, product launches and brand
promotions, corporate deals and partnerships, among others. It also offers
insights into company overview, financial standing, business expansion plans,
and revenue growth of each company. It also sheds light on product advancement,
technological developments, and research and development activities.
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Key
Players:
Key
participants include Exxonmobil, BASF SE, UPC Technology, Aekyung
Petrochemical, NAN YA PLASTICS CORPORATION, Evonik Industries, Eastman, LG
Chem, Shangdong Qilo Plasticizers and Shandong Hongxin Chemicals.
Further
key findings from the report suggest:
- The
Phthalate Plasticizers market held a market share of USD 9.84 Billion in
the year 2018 that is forecasted to grow at a rate of 3.8% during the
forecast period.
- In context
to Type, the Low phthalates segment is projected to witness a faster
growth rate of 4.5% during the forecast period, which expected to hold,
39.0% of the market by 2027. Low phthalates can be further classified
into dibutyl phthalate (DBP) and di(2-ethylhexyl) phthalate (DEHP). The
growth rate witnessed by the Low phthalates segment is attributed to the
continuous expansion of the medical sector and adhesive industry wherein
it is used in medical devices & adhesives, respectively, thus
contributing to the growth rate witnessed by this segment.
- In context
to Application, the Flooring & Wall Coverings segment held the
largest market share of more than 30.0% in 2018, with a growth rate of
3.9% during the forecast period. The high durability of these
plasticizers and its ease of maintenance have resulted in its wide
application in flooring & wall coverings of residential as well as
commercial constructions wherein it can survive foot traffic in
commercial buildings like in shopping malls.
- In regards
to End-user, the Automotive segment is projected to witness the fastest
growth rate of 4.2% during the forecast period, which is expected to hold
19.6% of the market by 2027. The market share held by the Automotive
segment is attributed to the continuous expansion of the industry,
increasing demand for light weight vehicles and applicability of these
plasticizers in seat upholstery, seat belt, airbags, thus contributing to
the growth rate witnessed by this segment.
- In regards
to the region, North America held 26.0% of the market in 2018, with a
CAGR of 3.9% during the forecast period. The market share held by the
region is attributed to the high demand for PVC products in commercial
and residential applications, which is boosting the market growth in this
region.
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Key
Questions Addressed in the Report:
- What is the
expected revenue growth rate the global Phthalate Plasticizers market is
expected to register during the forecast period?
- What are the
key growth driving factors of Phthalate Plasticizers market?
- Who are the
leading players in the market?
- What are the
key outcomes of SWOT analysis and Porter’s Five Forces analysis?
- Which region
is expected to account for the largest market share in the global
Phthalate Plasticizers
Regional
analysis covers study of the market in key geographical regions of the world
including North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. The report further predicts the regions expected
to account for the largest revenue share in the forecast period and the CAGR
for the forecast period. The section further discusses in detail the production
and consumption ratio, supply and demand, export and import, consumer demand
and behavior, and presence of key players in each region. The section further
offers a country-wise analysis to provide deeper insights into the global
market.
An
extensive analysis of the global market is included in the report which covers
different factors from region-centric key statistical data to macro- and
micro-economic factors that are crucial for forecast assessment. The study also
offers a comprehensive analysis of the growth prospects, patents, technological
advancements, and product launches in the market.
Market
Segmentation:
Type
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- High
phthalates
- Low
phthalates
End-user Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Automotive
- Building and
construction
- Electrical
and electronics
- Medical
- Paints &
coatings
- Adhesives
& sealants
- Packaging
- Others
Application Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Wire &
Cable
- Flooring
& Wall Coverings
- Consumer
Goods
- Film &
Sheet
- Coated Fabric
- Adhesives And
Glues
- Others
Regional
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Key
Points Addressed in the Report:
- A detailed
analysis of the global Phthalate Plasticizers market through assessment of
key market aspects such as technology, product type, application, end-use,
and overall industry dynamics.
- Qualitative
and quantitative analysis of the market estimation and CAGR calculation
for the forecast period.
- All-inclusive
assessment of market dynamics with emphasis on drivers, restraints,
opportunities, and limitations.
- Extensive
profiling of key companies operating in the market including company
overview, financial standing, product offerings, product portfolio, recent
product and technological advancement, and business expansion plans.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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