Plasticizers Market Growth and Emerging Trends, Forecast, 2030

11-07-2024 12:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Plasticizers Market

The global plasticizers industry was estimated at $14.7 billion in 2020, and is anticipated to hit $22.0 billion by 2030, registering a CAGR of 4.1% from 2021 to 2030.

Allied Market Research published a report, titled, ”Plasticizers Market by Type (Phthalates, Terephthalates, Trimellitates, Epoxides, Phosphates, Sebacates, Extenders, Aliphatic Dibasic Esters, and Others) and Application (Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.”

Drivers, restraints, and opportunities-
Increase in demand for flexible PVC, growing use of HMW phthalates & non-phthalates, and developments in the packaging industry drive the growth of the global plasticizers market. On the other hand, toxicity of PVC and stringent government regulations on phthalates restrain the growth to some extent. However, ongoing research on bio-based plasticizers and surge in demand for automotive across the globe are expected to create lucrative opportunities in the industry.