Global Plasticizers Market 2018-2022: Market is Estimated at USD 12.23 Billion in 2017 and is Projected to Reach USD 16.15 Billion

DUBLIN, March 9, 2018 /PRNewswire/ --

The "Plasticizers Market by Type, Application, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The plasticizers market is estimated at USD 12.23 Billion in 2017 and is projected to reach USD 16.15 Billion by 2022, at a CAGR of 5.7% from 2017 to 2022.

The high demand for plasticizers in various applications, such as flooring & wall coverings, wire & cable, coated fabrics, consumer goods, and film & sheet is expected to drive the plasticizers market.Technology Corporation (Taiwan), Exxon Mobil Corporation (US), Aekyung Petrochemical Co., Ltd (South Korea), BASF SE (Germany), and Nan Ya Plastics Corporation (Taiwan)

Based on type, the plasticizers market has been segmented into phthalates and non-phthalates. Phthalates is the largest type due to their properties, such as high durability, stability, and strong performance. The availability of phthalate plasticizers at cheap rates and wide usage in various industries are the major reasons for the high growth of phthalates in the market.

Based on application, the plasticizers market has been segmented into flooring & wall coverings, wire & cable, coated fabrics, consumer goods, film & sheet, and others. Flooring & wall covering is the largest application, owing to the increase in construction activities in nations globally, along with an increased need for renovations and maintenance of existing buildings, thereby driving demand during the forecast period.

Based on region, the plasticizers market has been segmented into Asia Pacific, North America, Europe, Middle East & Africa, and South America. The plasticizers market in the Asia Pacific is the largest and fastest-growing, owing to the growing construction activities and increasing demand for flexible PVC this region.

The key restraining factor in the plasticizers market is its migration effects on non-PVC device components. Companies, such as UPC Technology Corporation (Taiwan), Exxon Mobil Corporation (US), Aekyung Petrochemical Co., Ltd (South Korea), BASF SE (Germany), and Nan Ya Plastics Corporation (Taiwan) and others have adopted the new product launches, agreements & partnerships, and investments & expansions strategies to enhance their foothold in the market.

Market Dynamics

Drivers

• Increasing Demand for Flexible Pvc
• Growing Demand From Construction Industry

Restraints

• Stringent Regulations on the Use of Phthalates Plasticizers
• Migration Effect of Plasticizers on Non-Pvc Components

Opportunities

• Emerging Demand for Eco-Friendly Plasticizers

Challenges

• Intense Competition From Large-Scale Players

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Plasticizers Market, By Type

7 Plasticizers Market, By Application

8 Plasticizers Market, By Region

9 Competitive Landscape

10 Company Profiles

• Aekyung Petrochemical
• BASF
• DIC Corporation
• Eastman
• Evonik Industries
• Exxonmobil
• Jiangsu Zhengdan Chemical Industry Co., Ltd
• KAO Corporation
• KLJ Group
• Lanxess AG
• LG Chem
• NAN YA Plastics
• Oxea Corporation
• Polynt SPA
• Polyone Corporation
• Shandong Hongxin Chemicals
• Shangdong Qilo Plasticizers
• UPC Technology
• Velsicol Chemical, LLC
• Vertellus Holdings LLC

For more information about this report visit https://www.researchandmarkets.com/research/27pggs/global?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-plasticizers-market-2018-2022-market-is-estimated-at-usd-1223-billion-in-2017-and-is-projected-to-reach-usd-1615-billion-300611490.html

SOURCE Research and Markets