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Plasticizers Market to 2027 Increasing Demand with Leading Key Players AEKYUNG PETROCHEMICAL Co., Ltd, BASF SE, DIC CORPORATION

Plasticizers are added in order to improve plasticity or decrease viscosity of the plasticized material.

The Insight Partners published a new report, titled, “Plasticizers Market Market”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Plasticizers Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Plasticizers are added in order to improve plasticity or decrease viscosity of the plasticized material. Addition of this polymer additive causes reduction in the cohesive intermolecular forces and improves flexibility, softness and workability of the material. Mostly plasticizers are added to PVC to impart durability and flexibility to it.

Key Players

  • Eastman Chemical Company
  • Evonik Industries AG
  • Eplasticizerson Mobil Corporation
  • Kao Corporation
  • LG Chem.
  • UPC Group

The global plasticizers market is driven by growing demand for flexible PVC on account of wide applicability and a surge in demand from construction industry. Another major factor driving the growth of this market is the growing packaging industry. However, stringent government regulations regarding usage of phthalates as plasticizers and toxicity of polyvinyl chloride restrict the market. On the other hand, the plasticizers market on account of emerging use of eco-friendly plasticizers provides market players with significant growth opportunities during the forecast period.

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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Plasticizers market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Plasticizers market segments and regions.

The global plasticizers market is segmented on the basis of type and application. Based type, the market is segmented as phthalates, terephthalates, trimellitates, epoxides, phosphates, sebacates, extenders, aliphatic dibasic esters, and others. On the basis of the application the market is segmented as flooring & wall, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and others.

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