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
Transparency Market Research
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