Market Overview:
Polymeric Plasticizers Market is expected to exhibit a strong 4.1% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global polymeric plasticizer market is mainly driven by the growing urbanization in developing regions, which has driven the demand for wires and cables, paints and coatings, and adhesives and sealants.
Polymeric plasticizers are an improvement over monomeric plasticizers and offer higher weathering resistance than the latter, among other favorable properties. They are usually formed through a reaction between difunctional acids such as adipic and sebacic acid and ethyl glycol or propylene glycol.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/3562
Drivers and Constraints Affecting the Market Growth:
The growing use of polymeric plasticizers in wires and cables is likely to be the major driver for the global market over the forecast period. The plasticity offered by polymeric plasticizers in this application is a major boost to wires and cables, which need to be covered in plastic coatings in order to maintain insulation and impart greater plasticity. The growing construction industry has been a great driver for the wires and cables industry in recent years, with the growing construction of residential as well as commercial complexes necessitating a growing demand for wires and cables to satisfy the electrical needs of the occupants. The wires and cables market is likely to grow rapidly over the forecast period, as the growing use of household appliances in residential construction and computing equipment in commercial spaces has driven up the need for wires and cables. The growing usage of CCTV and other camera equipment in construction projects, in order to enhance security, is also likely to further drive the demand for wires and cables. This is likely to remain a major driver for the global polymeric plasticizers market over the forecast period.
Competitive Analysis:
Leading players in the global polymeric plasticizers market include Resymat Mexico, LANXESS, Eastman Chemical Company, DowDuPont Inc., and BASF SE. Capacity expansion is likely to be the main agenda for players in the global polymeric plasticizers market over the forecast period. Acquisitions of smaller, regional players by larger multinational corporations is also likely to be a popular trend in the market over the forecast period.
Segmentation:
Polymeric Plasticizer Market is segmented on the basis of application, end use, and region.
By application, the global polymeric plasticizers market is segmented into paints and coatings, adhesives and sealants, rubber, films and sheets, wires and cables, furniture upholstery, and others. The wires and cables segment holds the largest share in the global polymeric plasticizers market and is likely to remain the leading revenue generator over the forecast period. The wires and cables segment accounted for a dominant 29% of the global polymeric plasticizers market in 2018, followed by the adhesives and sealants and paints and coatings segments.
By end use, the global polymeric plasticizers market is segmented into packaging, building and construction, automotive, electrical and electronics, and others.
Browse key industry insights spread across 137 pages with 23 market data tables & 8 figures & charts from the report, “Polymeric Plasticizer Market: Information by Application (Adhesives & Sealants, Paints & Coating, Films & Sheets, Rubber, Wires & Cables, Furniture Upholstery, and Others), by End-Use Industry (Packaging, Building & Construction, Automotive, Electrical & Electronics, and Others) and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast Till 2025” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/polymeric-plasticizer-market-3562
Regional Analysis:
Asia Pacific accounted for a dominant 40% share in the global polymeric plasticizers market in 2018 and is likely to remain the leading revenue generator over the forecast period. The growing building and construction industry in Asia Pacific is the major contributor to the polymeric plasticizers market in the region, as this has driven up the demand for various applications of polymeric plasticizers, including wires, cables, adhesives, sealants, paints, and coatings. Growing urbanization in the region is likely to lead to growing residential as well as nonresidential construction over the forecast period, further driving the demand for polymeric plasticizers. India and China collectively account for up to 60% of the Asia Pacific polymeric plasticizers market. The growing automotive, rubber, and electronics industries in Asia Pacific are also conducive to steady growth of the polymeric plasticizers market in the region.
North America holds the second largest share in the global polymeric plasticizers market, followed by Europe. The growing automotive and packaging industries in these regions are likely to drive the demand for various applications of polymeric plasticizers over the forecast period, including wires and cables, paints and coatings, and adhesives and sealants.