TMR_Research_Reports_2017 Plasticizers Market In-depth Research Report 2024 | Page 2

Plasticizers Market
REPORT
Plasticizers Market - Global Industry Analysis, Size, Share, Growth,
Trends, Forecast 2016 – 2024
The global plasticizers market features an intensely competitive and moderately fragmented landscape, with the top
five players accounting for a combined share of over 45.0% in 2015, finds Transparency Market Research (TMR) in
a new report. These companies are: Eastman Chemical Company, LG Chem Ltd., BASF SE, Evonik Industries, and
Exxon Mobil Corporation. TMR observes that the leading companies are focusing on technological advancement
and offering innovative products to consolidate their market shares.
Top players are offering a broad portfolio of plasticizers having a wide range of standard and specialized
applications in order to gain a competitive edge over others. Several manufacturers are focusing on producing eco-
friendly plasticizers to strengthen their presence. These developments are expected to intensify competition among
players in the coming years.
Browse Market Research Report @ : http://www.transparencymarketresearch.com/global­
plasticizers­market.html
The global market for plasticizers stood at US$14.85 bn in 2015 and is forecast to attain a valuation of US$23.87 bn
by the end of 2024. The global market is projected to rise at a CAGR of 5.50% during the forecast period 2016–
2024.
Plasticizers Preferred among Consumers for Decorating Floor and Wall Coverings
Based on geography, the major regional markets for plasticizers are Europe, North America, Asia Pacific, the Middle
East & Africa (MEA), and Latin America. Of these, currently, Asia Pacific holds a dominant position. The substantial
growth of this regional market is propelled by the growing prominence of polyvinyl chloride (PVC) in various
industries such as housing and construction, electrical and electronics, automotive, medical, and healthcare.
The primary areas of applications of plasticizers are wires and cables, floor walls and coverings, films and sheets,
and consumer goods. Among these, a major part of demand comes from floor walls and coverings. The growth of
the segment is propelled by the rising application of plasticizers for making high-quality printed decorative floor and
wall coverings in various residential and commercial buildings.
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Rapid Industrialization to Bolster Demand for Plasticizers Catalyzing Market Growth
The swift pace of urbanization in emerging regions such as Latin America, the Middle East, and Asia Pacific has led
to an upsurge in construction activities, thereby propelling the demand for various types of plasticizers. In addition,
the use of eco-friendly plasticizers in the construction industry is a crucial factor catalyzing the market growth. The
soaring application of plasticizers in manufacturing medical devices is fueled by the advent of non-phthalate
plasticizers with better toxicology profiles. They are preferred for making medical tubing to be used in numerous
intravenous infusion and dialysis applications.
The substantial growth of automotive industry world over has stimulated the demand for automobiles, thereby
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