The Global Phthalate Plasticizers market is forecast to reach USD 13.92 Billion by 2027, according to a new report by Reports and Data. Among the various plasticizers used in PVC, phthalate plasticizers are most commonly used. More than 90% of the plasticizers used in thermoplastic polymers are used in PVC. These plasticizers are added to PVC to support the chains of PVC polymers slide against each other, softening the PVC. These plasticizers are colorless liquids and insoluble in water. However, it is miscible in hexane, mineral oil, and most organic solvents. Due to the above mentioned trait, it is easily soluble in bodily fluids like saliva and plasma.
These plasticizers that are used in PVC are effective and inexpensive. DINP (Di-Isononyl Phthalate) and DEHP ( Di-Ethylhexyl Phthalate) are the two mentionable examples of these plasticizers. DEHP is one of the most commonly used PP, which still finds application as the plasticizer in PVC surgical and medical products. Factors like expansion of the construction and automotive sector, and the rising demand for flexible PVC is supporting the sector growth.
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Key participants include Exxonmobil, BASF SE, UPC Technology, Aekyung Petrochemical, NAN YA PLASTICS CORPORATION, Evonik Industries, Eastman, LG Chem, Shangdong Qilo Plasticizers and Shandong Hongxin Chemicals.
Further key findings from the report suggest
- The Phthalate Plasticizers market held a market share of USD 9.84 Billion in the year 2018 that is forecasted to grow at a rate of 3.8% during the forecast period.
- In context to Type, the Low phthalates segment is projected to witness a faster growth rate of 4.5% during the forecast period, which expected to hold, 39.0% of the market by 2027. Low phthalates can be further classified into dibutyl phthalate (DBP) and di(2-ethylhexyl) phthalate (DEHP). The growth rate witnessed by the Low phthalates segment is attributed to the continuous expansion of the medical sector and adhesive industry wherein it is used in medical devices & adhesives, respectively, thus contributing to the growth rate witnessed by this segment.
- In context to Application, the Flooring & Wall Coverings segment held the largest market share of more than 30.0% in 2018, with a growth rate of 3.9% during the forecast period. The high durability of these plasticizers and its ease of maintenance have resulted in its wide application in flooring & wall coverings of residential as well as commercial constructions wherein it can survive foot traffic in commercial buildings like in shopping malls.
- In regards to End-user, the Automotive segment is projected to witness the fastest growth rate of 4.2% during the forecast period, which is expected to hold 19.6% of the market by 2027. The market share held by the Automotive segment is attributed to the continuous expansion of the industry, increasing demand for light weight vehicles and applicability of these plasticizers in seat upholstery, seat belt, airbags, thus contributing to the growth rate witnessed by this segment.
- In regards to the region, North America held 26.0% of the market in 2018, with a CAGR of 3.9% during the forecast period. The market share held by the region is attributed to the high demand for PVC products in commercial and residential applications, which is boosting the market growth in this region.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Phthalate Plasticizers market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Phthalate Plasticizers market.
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- High phthalates
- Low phthalates
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Automotive
- Building and construction
- Electrical and electronics
- Medical
- Paints & coatings
- Adhesives & sealants
- Packaging
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Wire & Cable
- Flooring & Wall Coverings
- Consumer Goods
- Film & Sheet
- Coated Fabric
- Adhesives And Glues
- Others
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Phthalate Plasticizers market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Phthalate Plasticizers market over the forecast years?
- Which are the leading players in the global Phthalate Plasticizers market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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