Global Plasticizer Demand To Rise On Dynamic Development in BRIC Nations

  • Global Plasticizer Demand To Rise On Dynamic Development in BRIC Nations
  • Global Plasticizer Demand To Rise On Dynamic Development in BRIC Nations
  • Global Plasticizer Demand To Rise On Dynamic Development in BRIC Nations
  • What is the global demand for plasticizers in 2024?
  • In the fourth edition of its Plasticizers market study, Germany's Ceresana forecasts that global demand for all plasticizers will increase to about 9.75 million tonnes in 2024, with typical volume growth rates for the different types of about 3–3.5%.
  • 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.
  • What are the key drivers for the global plasticizer market?
  • Increased demand for flexible PVC in various applications, increased use of non-phthalate and high molecular weight phthalate plasticizers, and expansion in the packaging sector are the key market drivers for the worldwide plasticizer market. To Get more Insights, Request a Free Sample
  • What is driving the growth of the plasticizer market?
  • The rise in the number of automotive and construction activities is driving the growth of the plasticizer market. Also, the use of plasticizer in wall and floor coverings, consumer goods, coated fabrics, film and sheet, among others is also likely to boost the demand in the region.
  • Which region will dominate the plasticizers market in the forecast period?
  • Based on regional analysis, Asia-pacific is expected to dominate the Plasticizers market in the forecast period. The rise in the number of automotive and construction activities is driving the growth of the plasticizer market.
  • 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.

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