Plasticizers Market: high demand in construction industry for superplasticizers through 2020.
Plasticizers are organic compounds added to polymers to facilitate processing and to increase the flexibility and toughness of the final product by internal modification of the polymer molecule. Polyvinyl chloride (PVC) accounts for 80-90% of world plasticizer consumption. The plasticizers are highly used in construction and building as admixture or titanium dioxide, thus it is also called as construction chemicals. There is high scope for Plasticizers Market through 2020.
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Regional forecast of the Plasticizers Market:
According to the IndustryARC market research analysis report, the main factor owing to the growth of the Plasticizers Market industry is growing consumption from industries like automotive industry, home appliances, electric wires and cables. North America is the leading region with high market shares and utilization of plasticizers in plastic and other industries.
In the Plasticizers Market, Phthalates accounted for 70% of the world consumption of plasticizers in 2014, down from approximately 88% in 2005 and are forecast to account for 65% of world consumption in 2020. This decline is due to the increasing concerns over environmental effects.
Asia Pacific is expected to witness high growth in the Plasticizers Market owing to the rise of industrialization and construction through 2020. Europe is expected to have moderate demand for environmental concerns during 2015-2020. India and China are the potential countries for high use of plasticizers.
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Segmentation and Key Players of the Plasticizers Market:
The Plasticizers Market is segmented into various categories in the IndustryARC marketing research report by type, by application and by geography.
By type: Phthalates (Dioctyl Phthalate (DOP)/ Diethylhexyl Phthalate (DEHP), Diisononyl phthalate (DINP), Di(2-propylheptyl) Phthalate (DPHP), Diisodecyl Phthalate (DIDP), Butyl Benzyl Phthalate (BBP), Dioctyl Terephthalate (DOTP) and others),Non-Phthalates (Adipates, Esters, Trimellitates, Epoxy, Bio-based and others)
By application: automotive industry, building and construction, electrical and cable industry, food and beverage industry, furniture, house appliances, medical devices industry and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Plasticizers Market as mentioned in the IndustryARC market research studies are as follows:
- BASF SE
- Eastman Chemical Company
- Evonik Industries AG
- Exxon Mobil Corporation
- LANXESS AG
The Plasticizers Market is a stable market with high applications of the plasticizer compounds in many end user industries across the globe. This market is expected to witness moderate demand owing to the decline in use of plasticizers or superplasticizers for environmental concerns during 2015-2020.
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