Plasticizers Market
accelerating usage of PVC products in the housing and construction, automotive, electric and electronics, and the medical and healthcare sectors in this region.
The lead of this regional market is likely to continue during the forecast period, expanding at a CAGR of 6.10 %, owing to the infrastructural advancements, fueled by the strengthening economy in Asia Pacific, specifically in China, Japan, Korea, and India. On the flip side, the plasticizers markets in Europe and North America are anticipated to witness a slowdown in their respective growth rates in the near future. Both the markets are nearing maturity, which is likely to impact them adversely over the forthcoming years, notes the study.
Enter your information below to receive a sample copy of this report @ http:// www. transparencymarketresearch. com / sample / sample. php? flag = S & rep _ id = 753
Rising Urbanization to Have Most Prominent Impact on Market’ s Growth“ The substantial rise in the construction industry, thanks to the rapid urbanization taking place across the world, is having the most significant effect on the global plasticizers market,” says the author of the study. With the economic growth, the rate of urbanization in emerging economies has rocketed, resulting in the increase in construction activities, infrastructural developments in the medical and the healthcare sector, and a considerable growth in the automotive industry, which, consequently, is augmenting the demand for plasticizers, globally.
On the other hand, the rising awareness regarding the harmful effects of plastics on the environment, enforcement of strict government norms limiting the utilization of plasticizers, and the high cost associated with the production of plasticizer may act at a restraint against the growth of this market in the near future. However, the increasing replacement of wood and iron products with plastics, such as doors, windows, floorings, and pipes, will reflect positively this market over the forecast period, states the report.
Browse The Press Release For Report: http:// www. transparencymarketresearch. com / pressrelease / global-plasticizers-market. htm
Transparency Market Research
3