Market Insights
Specialty plasticizers are a kind of additive which increase
the plasticity and/or flexibility of a material they are added to. Their high
performance properties make them a popular choice for a number of products.
Market Research Future has published its newest report on the global specialty
plasticizer market which includes a number of important facts and figures which
govern market growth. The global specialty plasticizer market is anticipated to
grow at a sluggish, yet consistent CAGR of 3% during the forecast period from
2016 to 2022. At this rate, the market is likely to expand and reach an
evaluation of USD 18,594.07 Mn by the end of the review period in 2022.
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Specialty plasticizers add flexibility, as well as other
high performance attributes such as volatility resistance, low-temperature
resistance, and electrical conductivity. Commonly used in the production of PVC
films, electrical wiring, flooring, roofing, and wall coverings, specialty
plasticizers are expected to witness consistent demand from the construction
sector. The construction sector is expanding at a swift pace due to
urbanization and the increasing demand for residential and commercial
buildings. Moreover, added to concrete, plasticizers can strengthen the
material. PVC is the third most widely used plastic polymer and has a vast
number of applications in construction activities, pipes, sins, clothing,
healthcare, and a number of others. As such, the high demand for PVC is likely
to influence increased demand for specialty plasticizers.
Notably, the market is restrained by stringent regulations
in developed economies. Some specialty plasticizers have been banned in
consumer goods due to their toxic effect on the health.
Market Segmentation
MRFR's segmental analysis of the global specialty
plasticizer market has been done on the basis of type, application, and region.
Types of specialty plasticizers have been segmented into phthalates, phosphates
epoxides, aliphatic dibasic esters, trimellitates, polymeric and others.
Meanwhile, the applications of specialty plasticizers have been segmented into
flooring & wall covering, coated fabric, wire & cable, film &
sheet, consumer goods, and others,
The global market has been analyzed by regions and is
segmented into Europe, North America, Asia Pacific, and the Middle East &
Africa.
Regional Analysis
The Asia Pacific specialty
plasticizer market has grown to establish itself in leadership
position due to the swiftly growing construction industry in the region. The
regions large population is urbanizing, and as a result, there is a pressing
demand for various construction activities as well as consumer goods. Taiwan
and South Korea are the leading country-level markets present in the region.
Moreover, the APAC region is a manufacturing hub due to the presence of relatively
cheap labor and low operation costs, thus driving the growth of the market.
Europe follows the Asia Pacific, largely due to the presence of many key
players that have significant global market shares. However, the ban on some
specialty plasticizers will likely impact this market in the coming years.
Meanwhile, North America has secured the third largest share of the global
specialty plasticizer.
Key Players
MRFR's competitive analysis has profiled a number of
important market participants and their various growth strategies. Prominent
players included in the report are LG Chem LTD, Evonik Industries AG, Eastman
Chemical Company, ExxonMobil Corporation, UPC Group, Nan Ya Plastics
Corporation, Shandong Qilu Plasticizers Co. LTD, Struktol Company of America,
BASF SE, Aekyung Petrochemical Co. LTD, and others.
Latest Industry News
- Eastman
Chemical has increased prices of plasticizers due to the increase in
operating cost as well and the price of raw materials.
- ChemCeed
has introduced a new non-phthalate plasticizer to its extensive portfolio.
The new product, ELATUR CH is nontoxic and SVOC free.
Access Report Details @ https://www.marketresearchfuture.com/reports/specialty-plasticizer-market-2781
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