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The global plasticizers market to grow at a CAGR of 4.43% during the period 2017-2021.
Global Plasticizers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is Increasing demand from automotive applications. The global plasticizers market is likely to grow at a significant rate, owing to an increasing demand from the automotive sector. This is expected to be one of the major drivers for the global plasticizers market.
Plasticizers are additives that enhance the plasticity and viscosity of the product. They are generally mixed with PVC and other polymers. The expanding automotive industry and demand for PVC products in automotive applications are likely to boost the global plasticizers market.
The latest trend gaining momentum in the market is Increasing demand for bio-based plasticizers. Petrochemical-based plasticizers, such as phthalates, are crucial in the manufacturing of plastics, especially PVC. Phthalate-based plasticizers dominate the global plasticizers market. However, stringent environmental regulations and health concerns associated with the application of plasticizers are inspiring the demand for bio-plasticizers.
These norms and regulations, coupled with the tight supply of dioctyl phthalate(DOP), di-n-butyl phthalate (DBP), butyl benzyl phthalate (BBP), and diethyl phthalate (DEP), have led to an increased necessity to replace traditional phthalates with eco-friendly plasticizers. Owing to these factors, there is a demand for safe, non-phthalate, biodegradable, and bio-based plasticizers.
Further, the report states that one of the major factors hindering the growth of this market is Rising health concerns associated with plasticizers. Toxic chemicals in plasticizers and their possible carcinogenic effects are major concerns pertaining to the global plasticizers market. Strict regulations are restraining the application of phthalates in medical devices and toys, especially in North America and Europe. This is likely to restrict the growth of the global plasticizers market. Also, the high cost of production of eco-friendly plasticizers is likely to impede the market growth.
- Eastman Chemical Company
- Evonik Industries
- LG Chem
Other prominent vendors
- Adeka India
- Aekyung Petrochemical
- Amines & Plasticizers
- Bluesail Group
- KLJ Group
- NAN YA PLASTICS
- Shandong Hongxin Chemicals
- Teknor Apex
- UPC Group
- Valtris Specialty Chemicals
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Market Segmentation By Application
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/j4rsv8/global
Laura Wood, Senior Manager
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SOURCE Research and Markets