Plasticizers Market Trends & Opportunities Report, 2020
DUBLIN, Feb. 24, 2020 /PRNewswire/ -- The "Plasticizers Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.
The global plasticizers manufacturing market was worth $93.76 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 4.4% and reach $111.38 billion by 2023.
Rising demand for flexible polyvinyl chloride (PVC) contributing to the growth of the plasticizers market. Flexible PVC is softer than unplasticized polyvinyl chloride (uPVC) due to the addition of plasticizers. Increasing demand for flexible PVC material in various end-use industries, drives the demand for platisizers. Flexible packaging provides a long-lasting safety, lighweight and compactness while maintaining a low carbon footprint, therefore rising demand of PVC from the packaging industry.
The strict regulations on using phthalates plasticizers is limiting the growth of the plasticizers market. Phthalates plasticizers are the most commonly used plasticizers due to easy availability and low cost. Several companies are moving away from phthalate plasticizers as the number of studies reveal the health effects caused due to the use of plasticizers. However, non-governmental organizations such as the U.S. Green Building Council (USGBC) promotes the use of non-phthalate plasticizers because of their environment friendly nature.
The applications of certain phthalates in many consumer products are prohibited in various countries. Directives such as EEC Directive 2005/84/EEC, (EC) 10/2011 (Union List), and other regulations in Europe ban the use of phthalates plasticizers in some applications. The European parliament forbids the use of phthalates plasticizers such as DEHP, DBP, and BBP in toys and childcare products. Therefore, strict regulations on using phthalates plasticizers have a negative impact on the plasticizers market growth.
Eco-friendly plasticizers are increasingly being used to prevent harmful phthalates plasticizers such as DOP, DBP, BBP, and DEP. Eco-friendly plasticizers have various properties such as waterproof with good electrical resistivity, weather resistance, better mechanical strength, and good heat stability. Due to these factors, phthalates plasticizers are being replaced with eco-friendly plasticizers.
Eco-friendly plasticizers are polymer additives that improve a material's plasticity. The global eco-friendly plasticizers market is growing rapidly due to increased demand of eco-friendly plasticizers to keep human health and environment safe. These plasticizers come with low toxicity and good compatibility and are used in various applications, mainly in films and cable manufacturing and is driving the growth of the plasticizers market.
In May 2018, Lien Hwa Industrial Corp, a Taiwan-based company specialized in producing and selling flour, wheat bran, edible and food grains, acquired 16.4 million shares of UPC Technology Corp for $10.06 million at an average share price of $0.61. UPC Technology Corp is a Taiwan-based company specialized in manufacturing and distributing chemical products such as plasticizer, polyol, fatty ester, and other specialty chemicals.
Major players in the market are Arkema S.A., BASF SE, Dow Chemical Company, LG CHEM Ltd., Evonik Industries AG, ExxonMobil Corporation, Eastman Chemical Company, Ineos Group, UPC GROUP, Bluesail.
Key Topics Covered
1. Executive Summary
2. Plasticizers Market Characteristics
3. Plasticizers Market Size And Growth
3.1. Global Plasticizers Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Plasticizers Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Plasticizers Market Segmentation
4.1. Global Plasticizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Phthalates Plasticizers
- DOP
- DINP/DIDP/DPHP
- Others
- Non-Phthalates Plasticizers
- DOTP
- Adipates
- Trimellitates
- Epoxies
- Benzoates
- Others
4.2. Global Plasticizers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Flooring & Wall
- Film & Sheet Coverings
- Wires & Cables
- Coated Fabrics
- Consumer Goods
- Others
5. Plasticizers Market Regional And Country Analysis
5.1. Global Plasticizers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Plasticizers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Companies Mentioned
- Adeka
- Aekyung Petrochemical
- Arkema S.A.
- BASF SE
- Bluesail
- Clariant International
- Dow Chemical Company
- Eastman Chemical Company
- Evonik Industries AG
- ExxonMobil Corporation
- Ineos Group
- Kao Corporation
- Lanxess AG
- LG Chem Ltd.
- Nan Ya Plastics
- Shandong Hongxin Chemicals
- Shangdong Qilo Plasticizers
- UPC Group
For more information about this report visit https://www.researchandmarkets.com/r/juquzq
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