Home Press Releases Plasticizers Market 2024 | Growth, Size, Share, Demand, Strategies, Future Industry Trends

Plasticizers Market 2024 | Growth, Size, Share, Demand, Strategies, Future Industry Trends

by Press Room


 


(EMAILWIRE.COM, February 20, 2024 ) The report “Plasticizers Market by type (phthalate and Non-phthalate), Application (Floorings & Wall Coverings, Films & Sheets, Coated Fabrics, Wires & Cables, Consumer Goods) and Region (North America, Europe, Middle East and Africa) – Global Forecast to 2027″, is expected to grow at a CAGR of 5.7% during the forecast period, from an estimated USD 17.0 billion in 2022 to USD 22.5 billion in 2027.The flexibility of Plasticizers to be used in various applications is pushing the market. These Plasticizers enable to manufacture eco-friendly products.

Browse in-depth TOC on “Plasticizers Market”

219 – Market Data Tables

34 – Figures

184 – Pages

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=688

The floorings & wall coverings segment, by application, is expected to be the most significant Plasticizers segment during the forecast period.

Plasticizers are typically used in floorings & wall coverings applications as they offer good stain resistance and a greater filler tolerance. Wall coverings are a popular choice for all building & construction projects, such as residential and commercial enterprises, as they offer increased durability at a nominal price.

Wires & Cables is the second largest segment by application. PVC is broadly employed in insulating wires & cables used in electronics, appliances, and communications systems. Plasticizers increase the flexibility of these materials, preventing them from being brittle and fractured, which can increase the hazard chances. Trimellitates and polymeric plasticizers are typically used to manufacture wires and cables as they offer low volatility, excellent electrical properties, and resistance to water extraction

Phthalate plasticizers is anticipated to be the fastest-growing Plasticizers segment, by type, during the forecast period.

Plasticizers are widely used for the building purposes where the eco-friendly building materials are needed. Phthalate is the most easily available plasticizers type across the country therefore it is more commonly used. However, phthalate prices are somewhat high and tends to be the least efficient in terms of environment concern amongst all bioplastics. Construction sectors are likely to increase its demand in the plasticizer market globally.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=688

Asia Pacific is expected to be the fastest-growing segment in the global Plasticizers market, by region, during the forecast period.

The region is the most populated region in the world and is expected to become the largest construction region globally. As Plasticizers provide flexible and bio based plastics, thus the market for plasticizers is encouraged to cater the needs of its customers. The customer base is wide from manufacturers to industrial suppliers as Plasticizers are versatile and easy for manufacturing consumer goods produced using sustainable raw material.

Plasticizers Market Key Players
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Plasticizers market. These include UPC Technology (Taiwan), ExxonMobil (US), Nan Ya Plastic (Kaohsiung), BASF (Seoul), Eastman Chemical Company (US), Evonik Industries (Germany).

BASF(Seoul) a key market player with a wide product portfolio, strong market presence, and effective business strategies. The wide product portfolio enables them to serve most regions worldwide. BASF primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity. BASF SE (Germany) and StePac Ltd. (Israel) partnered to create next-generation sustainable packaging specifically for the fresh produce sector. Moreover BASF presented a comprehensive product portfolio of engineering plastics and polyurethanes with a markedly less carbon footprint (PCF) at the K 2022 trade fair, including Ultramid A and B, Elastopir, Ultradur, Ultraform, Elastollan, and Elastocool families, all with PCF reductions.

Don’t miss out on business opportunities in Plasticizers Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=688

ExxonMobil is a well-established company with effective business strategies. They offer innovative solutions, services, and hardware portfolios and have an extensive network of channel partners and resellers to increase the deployment of their solutions across numerous vertical markets. They focus on a specific product-related technology. The company leveraged its existing worldwide distribution network and regional sales offices to support its international business for the Products segment. It assembles products for the international markets at the US and Australian locations. ExxonMobil partnered with Mitsubishi Heavy Industries (MHI) to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers. This agreement will enhance next-generation carbon capture technologies.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com



Source link

You may also like

About Us

Arab Africana™ publishes and aggregates business, socio-economic, Tech and industrial news on Arab countries in Africa.

 

We provide press release distribution to media in Africa including Arab countries, the Arab world and the GCC/MENA regions. To submit a press release for distribution, contact us today.

Trending Now

Newsletter

    Arab Africana is part of GroupWeb Media Network. ©  2024 GroupWeb Media LLC