Plasticizers Market Growth Propelled by Upheaving Demand Iran

  • Plasticizers Market Growth Propelled by Upheaving Demand Iran
  • Plasticizers Market Growth Propelled by Upheaving Demand Iran
  • Plasticizers Market Growth Propelled by Upheaving Demand Iran
  • 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 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.
  • 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.
  • Why is the plasticizer market growing in India?
  • India's plasticizers market is rapidly expanding due to its growing population and urbanization. The demand for flexible PVC in sectors like packaging, flooring, and medical applications is driving plasticizer consumption. Government initiatives to boost infrastructure development further enhance market growth.
  • 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 the future of plasticizers in Europe?
  • Europe is anticipated to expand substantially during the forecast period. Europe represents a crucial market for plasticizers, distinguished by its stringent regulatory landscape and strong emphasis on sustainability. The demand for plasticizers in Europe is driven by several key industries, including construction, automotive, and consumer goods.

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