The report on the global plasticisers market is expected to gain momentum due to the growing demand for flexible polymers during the forecast period. This information is published by  Fortune Business Insights ™  in an upcoming report, entitled ” Plasticizer Market, 2021-2028“. Increased use of polymeric materials in automobiles, consumer items and infrastructure, as the need for phthalates in packaging grows due to the ease of availability of the substances and the low cost. Building activity growth and rapid industrialization in developing countries such as India, China and others are driving market expansion.They are mainly used in the automotive industry to provide protective underbody designs and coatings.

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COVID-19 impact-

Negative impact of Covid-19 on the polymer industry

COVID-19 negatively affected the market due to the pandemic scenario; construction operations were temporarily halted due to the government-imposed closure, resulting in a decline in the use of flooring and window treatments, wires and connections, negatively impacting market demand. However, the demand for packaging from the food and e-commerce sectors is growing strongly, which drives the demand for packaging materials, including plasticisers, which stimulates market development.

Segments-

By type, the market is segmented into phthalates and non-phthalates. Based on the application, the market is segregated into flooring and wall coverings, wires and cables, consumer goods, films and sheets, coated fabrics and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

What does the Report offer?

The report is a collection of first-hand knowledge, qualitative and quantitative analyzes from industry analysts and input from industry professionals and value chain actors. The study examines the main market trends, macroeconomic data and control variables, as well as the attractiveness of the market by segment. The qualitative impact is also illustrated in the report.

Drivers and Restrictions-

Increased growth of the construction sector to stimulate growth

The growth of the global plasticisers market is expected to grow due to the increase in construction during the projected period. The construction sector is expanding rapidly as a result of the increase in infrastructure initiatives, particularly in emerging countries. This, in turn, is projected to stimulate the expansion of the plasticisers market. In addition, plasticizers help reduce water requirements, while making the concrete robust and usable. These are often organic or a mix of biomolecules which help in reducing the moisture content for feasibility. The total value of new construction projects implemented in the United States in 2019 was approximately $ 1.365 billion and is expected to reach approximately $ 1.429 billion in 2020.

REGIONAL INSIGHTS

Increase the demand for packaging to promote growth in the Asia-Pacific region

Asia Pacific is expected to hold the largest share of the global plasticizer market during the forecast period. This is due to the expansion of the infrastructure and automotive industries employed in the production of flexible PVC, which is used in carpet and wall coverings, cable insulation, treated textiles, consumer goods and films. These applications are likely to be the main drivers of the market.

North America is expected to have a sizeable share of the market. This is due to the growing demand for polymers from the electronics and textiles sector to lead the market in the region.

Competitive landscape-

Manufacturers focus on R&D investments to strengthen their position

Due to the existence of a significant number of established companies, new entrants in this sector face an intensely competitive terrain. Several suppliers in the plasticizer market are employing a variety of tactics to compete effectively. They are increasing their investment in research and development. This approach is helping them deliver superior quality.

Industry development-

  • June 2019:  Perstorp Holding AB introduced Pevalen Pro, a new renewable polyester (non-phthalate) plasticizer. This flexible PVC plasticizer is economical, plasticizer efficient, UV stable and soft.

Elenco dei principali attori profilati nel mercato globale dei plastificanti:

  • UPC Technology Corporation
  • BASF SE
  • Exxon Mobil Corporation
  • Nan Ya Plastics Corporation
  • Eastman Chemical Company
  • Perstorp Holding AB
  • Evonik Industries

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