Beneath the Surface: Exploring Plasticizers with DataM Intelligence
DataM Intelligence
Market Research & Consulting Firm. This page updates readers with industry particular reports uploaded on our website.
DataM Intelligence’s report on the global plasticizers market provides valuable insights into the latest trends and developments in the industry. It offers a comprehensive overview of the market’s competitive landscape, key players, and market dynamics, allowing you to make informed decisions.?
Additionally, the report offers an in-depth analysis of the market drivers, such as the growing demand for flexible polymers, and growth in the cosmetics and personal care sector.
Furthermore, the report offers precise forecasts for the market’s development over the forecast period, highlighting the key trends, growth opportunities, and market potential. This helps readers to gain a clear understanding of the market’s landscape and develop more effective strategies.?
Additionally, the report focuses on the key segmentation of the market, such as type, application, end-use industry, and geographical analysis. This helps to understand the regional developments in the plasticizer market and make better decisions accordingly.
Market Synopsis
Plasticizers are colorless and odorless liquids that are generally used to soften plastic, the most often used additive in the plastic industry. Furthermore, plasticizers are non-volatile organic compounds that, when introduced into a plastic or elastomer, increase its qualities such as flexibility, extensibility, and processability. It also enhances the flow and thermoplasticity of the polymer melt by lowering the viscosity, glass transition temperature, melting temperature, and elastic modulus of the end product without changing the underlying chemical character of the plasticized material.
Market Drivers Fueling Growth?
Growing concern about eco-friendly products and government regulations are projected to drive development in the bio-based plasticizer market during the forecast period. Bio-based plasticizers are made from vegetable raw materials and are used in place of petroleum-based plasticizers.?
End consumers want safe, non-phthalate-based plasticizers that are biodegradable to maintain sustainability. According to industry estimates, bio-based products account for around 47% of worldwide manufacturing.
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Key Challenges Facing the Plasticizers Market
However, a decrease in the supply of hazardous phthalates, as well as increased consumer awareness, are important factors impeding market development. At the same time, a restriction on phthalate-based plasticizers in food packaging, consumer goods, and medical devices has prompted the development of eco-friendly bio-based plasticizers. The increased cost of bio-based plasticizers compared to phthalate-based plasticizers is a significant issue for the producer
According to the DataM Intelligence’s latest report the global plasticizer market is expected to grow at a CAGR of 5.3% during the forecasting period 2023-2030.
Competitive Landscape
The major players are adopting several growth strategies such as platform launches, acquisitions, licensing, mergers and collaborations, which are contributing to the growth of the plasticizer market globally.
Top Companies in the Plasticizer Market