Plasticizers Market Huge Demand and Latest Upcoming Korea

  • Plasticizers Market Huge Demand and Latest Upcoming Korea
  • Plasticizers Market Huge Demand and Latest Upcoming Korea
  • Plasticizers Market Huge Demand and Latest Upcoming Korea
  • What is the global plasticizers market size?
  • The global plasticizers market size was valued at USD 17.34 billion in 2022 and is projected to grow from USD 17.99 billion in 2023 to USD 23.88 billion by 2030, exhibiting a CAGR of 4.1% during the forecast period. Asia Pacific dominated the plasticizers market with a market share of 59.17% in 2022.
  • How big is the plasticizer market in 2023?
  • Plasticizer Market Size was valued at USD 17.98 billion in 2023. The plasticizer industry is projected to grow from USD 19.2 Billion in 2024 to USD 28.45 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.17% during the forecast period (2024 - 2032).
  • Is plasticizer demand growing?
  • According to Ceresana’s forecast, this region of the world, which accounts for almost two-thirds of plasticizer consumption today, will continue to record above-average growth rates in the coming years. Demand for plasticizers is also growing by more than 2% pa in Africa and the Middle East, while it is hardly growing at all in Western Europe.
  • How many plasticizers are sold a year?
  • These helpful additives are even among the best-selling chemicals of all: nearly 9 million tonnes are currently sold each year. Ceresana has already analyzed the global market for plasticizers for the seventh time: Market researchers expect demand for these indispensable additives to rise to a total of more than 11 million tonnes by 2032.
  • Which region is the fastest growing plasticizer market?
  • Further, the US plasticizer market held the largest market share, and the Canada plasticizer market was the fastest growing market in the region Europe Plasticizer Market is expected to grow at the fastest CAGR from 2022 to 2030 due to quick industrialization and significantly rising polymer demand from diverse end-sectors.
  • Why is China a leading market for plasticizers?
  • Globally, China is the leading market in terms of demand, production, and commercialization of plasticizers. This is due to rapid economic growth, the booming manufacturing industry, rapid urbanization, and the growing construction and automotive sectors in the country.

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