Reports and Data’s latest industry analysis report is a reliable source of information on the global Phthalate Plasticizers industry and its key segments. The report lays stress on the current market size, market share and key market dynamics including drivers, restraints, opportunities, supply & demand ratios, upcoming market trends, technological innovations, and value chain analysis. The accurate market projections contained in the report are predicated on historical and present market data and effective research methodologies. The report presents quantitative and qualitative industry insights, along with vital information related to market revenue growth rate, industry annual sales, regional outlook, product type & application ranges, and key industry statistics. Furthermore, the report discusses some major challenges, imminent threats, unfavorable government policies, and stringent regulatory frameworks in the market that are likely to negatively impact its growth in the years to come.
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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 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..
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For the purpose of this report, Reports and Data have segmented the global Phthalate Plasticizers market according to Type, Application, End-user, and Region:
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
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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The materials & chemicals industry consists of companies that engage in the manufacture of a wide range of industrial and commercial products using various chemicals and raw materials such as oil, natural gas, metals, and minerals. Growing demand for consumer products such as soaps, perfumes, detergents, extensive usage of chemicals and raw materials in industries including buildings & construction, food & beverage, and agriculture, and increasing demand for environmentally sustainable raw materials and chemicals are among the key drivers for the industry growth. Rising environmental awareness, technological advancements in various chemical products, development of organic chemicals and materials, growing use of high-performance agrochemicals and specialty chemicals are other major factors bolstering the growth of this industry.
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