Global polymeric plasticizer market size was US$ X.91 Bn 2019 and is expected to reach US$ X.45 Bn by 2027, at a CAGR of X.24% during a forecast period.
Global Polymeric Plasticizer Market
Polymeric plasticizers are those plasticizers that furnish brilliant weathering resistance, volatility, fluid chemical extraction, migration, and high-performance applications. They are obtained by the reaction between propylene glycol and difunctional acids.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
One of the key factors to drive the global polymeric plasticizers market is huge application and demand for cables and wire globally. The external covering of wire consists of numerous polymers including nylon, polyethylene, polypropylene, polyvinyl chloride, thermoplastic elastomers and thermoplastic polyurethane for coating and protection purposes. Polymeric plasticizers intensify the flexibility of polymers and are important for jacketing electrical cable and wires. Additional factor to drive the global market is the cumulative usage of polymeric plasticizers in the adhesives and sealants industry.
Adhesives and sealants are material which are formulated by adding the base material with stabilizers, pigments, plasticizers, fillers, and further additives. Hereafter, plasticizers act as a vital component of adhesives and sealants. Further, they are also utilised as a solvent to enhance the performance of adhesives and sealants by generating the optimizing viscosity, preferred elasticity, which further have characteristics like impact resistance, low temperature effectiveness. Additionally, the extensive use of adhesives and sealants in end-use industries like building and construction, laminates, automotive, packaging, healthcare, and footwear is likely to lift the revenue of the global polymeric plasticizers market during the forecast period.
Moreover, due to substitutes and variation in the material price are most likely to hinder the market growth in the coming years.
Polymeric Plasticizer Market Segment analysis:
In terms of application, the packaging sector is expected to dominate the market during the forecast year and was estimated at US$ X.1 Mn in the year 2019. The Asia Pacific accounted for the fastest adoption of the polymeric plasticizer owing to technological advances and high popularity of product amongst the population as desirable material for packaging is contributing to the directed segment. Numerous end-users are involved in packaging including pharmaceutical device manufacturing sector, medicine, automotive, textile use this film for their end product for safe transportation and is contributing to the packaging sector on a large scale. Increasing population in Asia-Pacific will contribute to the growth in the market throughout the growing years. Moreover, greater transparency, flexibility, and economical as compared to other polymeric plasticizers is helping global polymeric plasticizer market to grow.
Polymeric Plasticizer Market Regional analysis:
Regionally, the Asia-Pacific region records as the fastest growing market for polymeric plasticizer market. Factors to boost the polymeric plasticizers owing to the increasing application of packaging conditions, investment in innovations of new polymers, technological advancement in numerous sectors have been driving the polymeric plasticizer requirements in the Asia Pacific region. The Asia Pacific has registered a lucrative growth in 2019 at an estimated CAGR of 5% with a calculated market share of 45% and the size is expected to get stretched by 2027. Besides that, development in pharmaceutical infrastructure and pharmaceutical product manufacturing industries across the region is going to broaden the packaging segment in the region and is considered as another factor to boost the market demand in APAC.
Secondly, Europe is anticipated to witness the fastest market growth after APAC during the forecast period. Advancement technological methods of manufacturing with industrialization in this region, expected to register a strong place in the European region.
The objective of the report is to present a comprehensive analysis of the Global Polymeric Plasticizer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Polymeric Plasticizer Market dynamics, structure by analysing the market segments and project the Global Polymeric Plasticizer Market size. Clear representation of competitive analysis of key players by End-user, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Polymeric Plasticizer Market make the report investor’s guide.
For More Information Visit @:
Scope of Polymeric Plasticizer Market
Global Polymeric Plasticizer market, By Application
• Furniture Upholstery
• Adhesives & Sealants
• Paints & Coating
• Films & Sheets
• Wires & Cables
Global Polymeric Plasticizer market, By End-user
• Electrical & Electronics
• Building & Construction
Global Polymeric Plasticizer market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Polymeric Plasticizer Market,
• Eastman Chemical Company
• ExxonMobil Chemical
• Evonik Industries
• Daelim Industrial
• Dow Chemical
• Ineos Group
• Grupa Azoty
• Teknor Apex
• Resymat Mexico
• KLJ Group
• LG Chem
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address: Pune, Maharashtra 411051, India.