Plasticizers Market 2024 Global Trends India

  • Plasticizers Market 2024 Global Trends India
  • Plasticizers Market 2024 Global Trends India
  • Plasticizers Market 2024 Global Trends India
  • 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 big is the India plastic industry in 2024?
  • The India Plastic Industry is expected to reach USD 46.48 billion in 2024 and grow at a CAGR of greater than 6.5% to reach USD 52.72 billion by 2029. Jain Irrigation Systems Ltd, Kingfa Science & Technology India Ltd, Mayur Uniquoters Ltd, Nilkamal Ltd and Plastiblends India Ltd are the major companies operating in this market.
  • 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.
  • What is the outlook for the plasticizers market?
  • The research considered 2019, 2020, 2021, and 2022 as historical years, 2023 as the base year, and 2024 as the estimated year, with an outlook to 2031. The report identifies the most prospective type of Plasticizers market, leading products, and dominant end uses of the Plasticizers Market in each region.
  • Which region has the largest plasticizers market in 2023?
  • Asia-Pacific was the largest region in the plasticizers market in 2023. North America was the second-largest region in the global plasticizers market. The regions covered in the plasticizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
  • How will India's expansion affect plasticizer market?
  • Furthermore, it improves the packaging's aesthetic appeal. India's packaging market is predicted to reach US$204.81 billion by 2025, according to the Packaging Industry Association of India (PIAI). As a result, the packaging sector's expansion will undoubtedly boost PVC demand, which in turn will drive the plasticizer market's expansion.

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