Plasticizers
are additives that increase the plasticity and fluidity of a
material. They are known for their effectiveness in producing
flexible plastics for applications in many industries such as
automotives, medical and consumer goods. Plasticizers are one of the
best selling chemicals worldwide. The global plasticizers market has
shown remarkable growth in recent years.
The
global plasticizers market has registered revenue of USD 26 billion
in 2009 and is expected to reach USD 36.7 billion by 2015. The global
annual demand for the plasticizers market is projected to exceed more
than 13.2 million tonnes per year till 2018. The Asia Pacific market
holds majority of the market share, closely followed by North
America. The market in Europe also holds immense growth opportunities
owing to developments in Eastern Europe. China has the dominating
position in terms of market share in the Asia Pacific region and it
alone holds 65% share of the plasticizers market.
The
global plasticizers market could be segmented into two major
categories, on the basis of types into: Phthalate, Aliphatic, Epoxy,
Trimellitates, Polymeric and Phosphates, on the basis of applications
into: wire and cable, consumer goods, adhesives and elastomers,
coatings and coated fabrics, film and sheet, paints and varnishes and
floorings and wall coverings. The market is further segmented by
geography into North America, Europe, Asia Pacific and rest of the
world regions.
The
global plasticizers market is driven by factors such as emerging
global economies and changing lifestyles. The increasing legal
provisions and growing environmental awareness act as inhibitors for
the plasticizers market. Dynamic developments in India, China, Russia
and Brazil will serve as an opportunity for the global plasticizers
market.
Some
of the key players dominating the global plasticizers market are
BASF, Ferro, NanYa, Teknor Apex, Eastman, Genovique, Shandong Hongxin
and ExxonMobil.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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