By application, global plasticizer market is segmented into six categories viz. floors & walls, coverings for films and sheets, wires & cables, consumer goods, coated fabrics and others. The products application in floors and walls has a substantial share in its global consumption in 2016 due to its use as a concrete additive. The product is also used extensively for coverings owing to its properties such as viscosity reducers, low volatile organic compounds and fast fusers. Plasticizers will be mostly used for these two categories of applications in the forecast period due to increasing preference of customers for new designs in coverings and floor walls in their buildings. As the economic condition of people improve, the products application in production of wires & cables and consumer goods will also increase.
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By product, global plasticizer market is segmented into the following categories – phthalates, aliphatics, terephthalates, trimellitates, polymerics, epoxy, phosphates and others. Phthalates accounted for major share of the market in 2015. Market share of terephthalates, epoxy and aliphatics is expected to rise at a moderate rate due to its use as a replacement to phthalates in many countries.
By end users, global plasticizer market can be segmented in the following categories – construction & remodeling, electronics & communication, automobile and tire industry, medical & healthcare and others. Among these, the products usage in the construction & remodeling industry has a substantial share and is expected to drive the market in the forecast period. Its use in electronics & communication, automobiles and healthcare industries will also influence the market in a positive way.
By region, global plasticizer market is divided into five segments viz. North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific has been the leading market for plasticizers, both in terms of production and consumption, due to improved economic condition and increasing infrastructural development and is expected to retain this position owing to the presence of many end user industries in this region It is followed by North America and Europe where the market is expected to grow at a slow pace in the forecast period because both the markets are well established and mature having only a limited potential for growth. Middle East and Africa and Latin America will witness steady growth during this period.
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At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the plasticizer market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
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The key players in the global plasticizer market are – BASF, Dow chemicals, ExxonMobil, Evonik Industries, Arkema, Eastman Chemicals, Clariant International, Adeka, UPC Group, Blue sail Chemical Group and Aekyung Petrochemical.
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