Global Polymeric Plasticizer Market Size And Forecast Mexico

  • Global Polymeric Plasticizer Market Size And Forecast Mexico
  • Global Polymeric Plasticizer Market Size And Forecast Mexico
  • Global Polymeric Plasticizer Market Size And Forecast Mexico
  • 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.
  • 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 will dominate the plasticizers market in 2020?
  • However, a strong recovery in the demand for Plasticizers was witnessed since the latter half of 2020 and is projected to grow significantly over the forecast period. Based on regional analysis, Asia-pacific is expected to dominate the Plasticizers market in the forecast period.
  • 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.
  • What is the demand for plasticizers in 2020?
  • [Online Quarterly Update] Plasticizers demand stood at 8.23 Million Tonnes in 2020 and is forecast to reach 12.91 Million Tonnes by 2030, growing at a healthy CAGR of 4.71% until 2030. A plasticizer is an additive that is added to increase the material’s flexibility and durability.
  • Why did plasticizers market decline in 2020?
  • Manufacturing units were temporarily shut down and disruption in the supply chain was observed which led to the Plasticizers market decline. However, a strong recovery in the demand for Plasticizers was witnessed since the latter half of 2020 and is projected to grow significantly over the forecast period.

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