Overview:
Various end-user industries are now
looking for component dynamisms which can cover a lot of needs in one go.
Polymeric plasticizers are providing the same impact and have captured the
attention of several sectors that are subsequently boosting the market growth
of the polymeric plasticizer. The component is mainly used in PVCs to increase
softness, flexibility, and lower modulus values. Its utility in applications
spans across adhesive, pigment, films, membranes, cables, and other segments.
But the most to impact the market and drive it forward is the packaging
industry which promises a sizable growth of the Polymeric Plasticizer Industry
during the forecast period (2016-2027). Market Research Future’s (MRFR) report
on the said component brings in a holistic approach to have a precise
prediction of the forthcoming years.
However, the market is witnessing an
uphill task against stringent regulations that are being imposed by various
governments such as bans on some of the phthalates and toxicity of PVC which can
put a leash on the market growth. But a long-lasting impact is not on the card
as the market is developing various bio-based components that can take on the
initial setback.
Industry Trend:
Implementing eco-friendly methods in
the production and developing bio-based components have become Arkema’s intent
for a while and it can be seen in their endeavor of launching soybean-based
plasticizers that would assist the company in following government
regulations.
Emerald Kalama Chemical has added a
new product Vitroflex B to their portfolio which is a product of their advanced
technology to support environmental causes.
Segmentation:
The global Polymeric Plasticizer
Industry can be segmented by application and end-users.
By application, the market can be sub-segmented
into adhesive, pigment, films, membranes, cables, and others.
Based on end-users, the market
comprises paints, packaging, automotive, construction, electronics, and others.
Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/polymeric-plasticizer-market-3562
Regional Segmentation:
Region-specific analysis of the
global Polymeric Plasticizer Industry covers North America, Europe, Asia
Pacific (APAC), Latin America (LATAM), and the Middle East & Africa (MEA).
The APAC is the largest consumer of
the said market and also generates the maximum revenue. This can be attributed
to the presence of emerging economies such as India, China, Taiwan, and South
Korea that are experiencing a large-scale boost in diverse industries which are
creating substantial demand for the product. The packaging industry is also
getting much traction owing to which the Polymeric Plasticizer Industry is
gaining pace.
North America is the second largest
market and is fetching impressive revenue owing to its burgeoning automotive,
electrical, and other industries. The market is poised to experience further
growth during the forecast period. The European market follows the former
closely with heavy demand being generated by paints, packaging, and
construction industries. The LATAM and the MEA market progress report is based
on increasing orders from sectors such as adhesive, pigment, films, membranes,
cables, and others.
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Market Competition:
The market is densely packed with
several key players locked in a competitive struggle. Companies are mainly
focusing on expansion, collaboration, merger, and acquisition to better their
portfolios. For instance, Arkema invested in a new factory in Mobile, Alabama
for its Kepstan PEKK(polyetherketoneketone) copolymer. Evonik, on the other
hand, is aiming at expansion via acquisition and bought the additive segment of
the U.S. company Air Products.
Key players of the global Polymeric
Plasticizer Industry to wield influence are Eastman Chemical Company (US),
Hallstar (US), E. I. du Pont de Nemours and Company (US), BASF SE (Germany),
LANXESS (Germany), Evonik Industries AG (Germany), Exxon Mobil Corporation
(US), Teknor (US), UPC Technology Corp (Taiwan), Aekyung Petrochemical Co.,
Ltd. (South Korea), and others.
NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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