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Redding, California - October 14, 2024

Plasticizers Market to be Worth $26.9 Billion by 2031

Plasticizers Market Size, Share, Forecast, & Trends Analysis by Type (Phthalate, Non-phthalate, Bio), End-use Industry (Building & Construction {Wires & Cables, Flooring & Wall Coverings, Roofing Membranes}, Automotive, Packaging) - Global Forecast to 2031

Meticulous Research^®—leading global market research company, published a research report titled ‘Plasticizers Market—Global Opportunity Analysis and Industry Forecasts (2024–2031)’. According to this latest publication from Meticulous Research^®, the plasticizers market is expected to reach $26.9 billion by 2031, at a CAGR of 5.4% from 2024 to 2031.

The growth of this market can be attributed to several factors, including the increasing construction and infrastructure development projects in developing countries and the growing adoption of plasticizers in the consumer goods and automotive industries. However, the fluctuating prices of raw materials restrain market growth.

Additionally, the rising need for eco-friendly plasticizers and the increasing demand for plasticizers in packaging materials manufacturing are expected to create market growth opportunities. However, stringent regulations for plastic products are a major challenge for the players operating in this market.

Key Players:

The plasticizers market is moderately competitive due to the presence of many large and small-sized global, regional, and local players. The key players operating in the plasticizers market are UPC Technology Corporation (Taiwan), Exxon Mobil Corporation (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Eastman Chemical Company (U.S.), Aekyung Chemical (South Korea), LG Chem, Ltd. (South Korea), DIC Corporation (Japan), Kao Corporation (Japan), Avient Corporation (U.S.), Polynt S.p.A. (Italy), KLJ Group (India), Arkema Group (France), Perstorp AB (Sweden), The Dow Chemical Company (U.S.), and Nan Ya Plastics Corporation (Taiwan).

The plasticizers market is segmented by type and end-use industry. This study also evaluates industry competitors and analyzes the plasticizers market at the regional and country levels.

Among the plasticizer types studied in this report, in 2024, the phthalate plasticizers segment is expected to dominate the plasticizers market with the largest share of over 47%. Phthalate plasticizers’ popularity due to their relatively lower costs, low volatility, and ability to create very elastic materials supports the segment’s dominant position in the plasticizers market. Additionally, phthalate plasticizers’ effectiveness in improving the flexibility, durability, and workability of plastics, the growing use of phthalate plasticizers in products such as vinyl flooring, coatings, pipes, and wiring insulation, and the extensive application of Diisononyl Phthalate (DINP) and Diethylhexyl Phthalate (DEHP) in PVC products also contribute to the segment’s large share.

Among the end-use industries studied in this report, in 2024, the building & construction segment is expected to dominate the plasticizers market with the largest share of over 35%. In building & construction applications, plasticizers are used as reducers and added to concrete to make it softer, improve its workability and strength, and reduce its water requirements. Rapid urbanization and infrastructure development and the growing use of plasticizers to enhance the flexibility, durability, and workability of construction materials support the segment’s large share in the plasticizers market.

Among the geographies studied in this report, in 2024, Asia-Pacific is expected to dominate the plasticizers market with the largest share of over 53%, followed by North America, Europe, Latin America, and the Middle East & Africa. Ongoing industrialization in APAC countries, including China, South Korea, and India, the increasing use of plasticizers to enhance the performance and flexibility of products, growing construction activities across APAC countries, and the increasing adoption of advanced packaging solutions among food processors support the region’s large market share.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6022

Key Questions Answered in the Report:

Which are the high-growth market segments based on type, end-use industry, and geography?
What was the historical market size for plasticizers globally?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the plasticizers market?
Who are the major players, and what shares do they hold in the plasticizers market?
What is the competitive landscape like in the plasticizers market?
What are the recent developments in the plasticizers market?
What are the growth strategies adopted by major players in the plasticizers market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the plasticizers market, and how do they compete with the other players?

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Redding, California - October 14, 2024

Plasticizers Market to be Worth $26.9 Billion by 2031

Plasticizers Market Size, Share, Forecast, & Trends Analysis by Type (Phthalate, Non-phthalate, Bio), End-use Industry (Building & Construction {Wires & Cables, Flooring & Wall Coverings, Roofing Membranes}, Automotive, Packaging) - Global Forecast to 2031

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