Plasticizers Market: Segmentation Analysis and Forecasts by Technavio

September 12, 2017

LONDON–(BUSINESS WIRE)–#Plastics–According to the latest market study released by Technavio,
the global plasticizers market is expected to grow at a CAGR of more
than 4% through 2021.

This research report titled ‘Global
Plasticizers Market 2017-2021’ provides an in-depth analysis of the
market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

Plasticizers are used to soften and add flexibility to a material. They
serve various functions in the rubber and plastics industries.
Plasticizers are predominantly used in combination with PVC and other
polymers to offer unique technological and physical properties for
applications such as floor and wall coverings, wires and cables, film
and sheets, and coated fabric.

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Technavio’s analysts categorize the global plasticizers
market into three major segments by type. They are:

Low-phthalates
High-phthalates
Non-phthalates

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The top three segments based on type of the global plasticizers market
are discussed below:

Global low-phthalate plasticizers market

The consumption of plasticizers differs from region to region based on
the various types. For instance, the consumption trend in APAC showcases
a mix of all the plasticizers. APAC is the largest consumer of
low-phthalates, particularly DOP, as there is a lack of legislative
initiatives, owing to the rising PVC demand in the region.

According to Chandrakumar Badala Jaganathan, a lead plastics,
polymers, and elastomers research analyst from Technavio, “The
demand for plasticizers is dominated by DOP, which is likely to decline
in the coming years owing to growing health and environment concerns
regarding its exposure. DOTP is likely to have the strongest growth in
the coming years, owing to its high toxicological profile and it being a
direct replacement for DINP and DOP in many applications due to its low
volatility.”

Global high-phthalate plasticizers market

High-phthalate plasticizers contain 7-13 carbon atoms in their chemical
backbone. This gives them increased durability. Diisodecyl phthalate
(DIDP), diisononyl phthalate (DINP), and dipropylheptyl phthalate (DPHP)
are the most commonly used high-phthalate plasticizers.

“High-phthalate plasticizers are witnessing increasing demand from
APAC, the Middle East, Africa, and South America. These regions are the
largest and the fastest-growing markets. However, high-phthalate
plasticizers are witnessing restricted demand from Europe and North
America, due to stringent regulations and norms,” says Chandrakumar.

Global non-phthalate plasticizers market

Increasing awareness regarding the environment and safety during the
application of phthalates is leading to the demand for non-phthalates.
The key vendors are focusing on developing non-phthalate plasticizers
that abide by the restrictions on endocrine disrupting chemicals in
containers, food utensils, packaging, and toys.

Non-phthalates are prominently used in packaging, containers, and food
utensils for oil resistance, non-volatility, and non-migration compared
to DEHP (DOP). Non-phthalate plasticizers include adipic acid polyester,
trimellitic acid, epoxy ester, and benzoic acid series.

The top vendors highlighted by Technavio’s research analysts in this
report are:

BASF
Eastman Chemical Company
Evonik Industries
ExxonMobil
LG Chem

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