Plasticizers Market
REPORT DESCRIPTION
Plasticizers Market ( Product - Phthalates , Non-phthalates , Aliphates , and Polymeric ; Application - Wires & Cables , Floor Walls & Coverings , Consumer Goods , and Films & Sheets ) - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024
The global plasticizers market is highly competitive and moderately fragmented , states a research report by Transparency Market Research ( TMR ). Top players in this market , namely , Exxon Mobil , Evonik Industries , BASF SE , LG Chem Ltd ., and Eastman Chemical Co ., together , held a share of more than 45 % in this market in 2015 .
The leading players are focusing on technological developments to produce a variety of plasticizer products with world-class quality in a bid to strengthen their foothold on the market . This , as a result , is likely to intensify the competition within this market over the next few years , reports the study .
According to TMR , the global market for plasticizers , which was worth US $ 14.85 bn in 2015 , is likely to swell at a CAGR of 5.50 % during the period from 2016 to 2024 and attain a value of US $ 23.87 bn by the end of the forecast period . In terms of production volume , the market is anticipated to touch 12,109.0 kilo tons by 2024 . Plasticizers have found significant application in floor walls and coverings , much higher than other applications . Analysts expect the scenario to remain unchanged over the forthcoming years .
Obtain Report Details @ http :// www . transparencymarketresearch . com / globalplasticizers-market . html
Ongoing Infrastructural Advancements to Ensure Asia Pacific ’ s Lead
The research report , further , provides a comprehensive assessment of the geographical spread of the worldwide market for plasticizers . As per the study , Asia Pacific , Latin America , North America , Europe , and the Middle East and Africa are the key regional markets for plasticizers across the world . Among these , Asia Pacific has acquired the dominant position in this market , thanks to the
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