Plasticizers Market to Touch US$23.87 Bn by 2024 Peru

  • Plasticizers Market to Touch US$23.87 Bn by 2024 Peru
  • Plasticizers Market to Touch US$23.87 Bn by 2024 Peru
  • Plasticizers Market to Touch US$23.87 Bn by 2024 Peru
  • What is the global plasticizers market size?
  • The global plasticizers market was valued at USD 17.0 billion in 2022 and is projected to reach USD 22.5 billion by 2027, growing at a cagr 5.7% from 2022 to 2027. Construction is one of the major end-use industries of plasticizers and offers market growth opportunities.
  • How will the plasticizers market grow in 2028?
  • The plasticizers market size is expected to see strong growth in the next few years. It will grow to $145.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be linked to the rising demand for plastic or PVC and an increased need for plasticizers in the healthcare sector.
  • Which region is a major consumer of plasticizer?
  • The Asia Pacific region is a major consumer of plasticizer, accounting for a dominant share of the global market. The product demand in the region is driven by the growing construction industry, increasing urbanization, and rising disposable income of the population.
  • Will the plasticizers market rebound in 2024?
  • However, improvements in the economy and alleviation of supply chain concerns are projected to facilitate a rebound in demand for the Plasticizers market, particularly in the latter half of 2024. In anticipation of an economic downturn, the Plasticizers industry faces several key challenges to address during the short- and medium-term forecast.
  • Which segment is dominating the global plasticizers market over the forecast period?
  • Phthalate plasticizers segment is dominating the market over the forecast period On the basis of product, the global plasticizers market is segmented into Phthalate, Non-Phthalate, and Others. Among these, the phthalate plasticizers segment is dominating the market over the forecast period.
  • What is the demand for plasticizer?
  • Wire and cable segment accounted for a dominant share and have a significant demand for plasticizer. PVC-based wires and cables require plasticizer solutions to provide flexibility and durability to the products. Non-phthalate plasticizer is a popular choice in this industry due to their safety and effectiveness.

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