Nov 10, 2021   SOURCE: BusinessWire

Global Plasticizers Market Outlook Report 2021-2026 Featuring Arkema, BASF, Dow Chemical, LG Chem, Evonik Industries, ExxonMobil Chemical Co, Eastman Chemical - ResearchAndMarkets.com

The "Global Plasticizers Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

The Automobile industry is the most vital consumer of Plasticizers as it is used to soften and lighten plastics used in automobiles and is projected to drive the Global Plasticizers market. Growing population, rapid urbanization are some of the facts behind the increased sales of cars, especially in populated regions like India and China.

Further, the enhanced awareness of the fundamental relationship between mass and fuel economy of automobiles has inclined automobile makers to opt for lightweight materials and metal alternatives. PVC's used in cars are treated with plasticizers for making them soft, and as a result, the plastics get excellent water resistance, and non-flammable properties have driven the demand for plasticizers to grow.

Volkswagen Group posted its quarter one results of 2021, with a revenue of USD 55.1 Billion and sales of 2.4 million vehicles globally, a 21.2 percent year-on-year increase. Furthermore, the automotive industry is also experiencing a boom in the electric vehicle market due to the environmental awareness amongst citizens, and the government offering subsidies on its purchase further propel the automotive industry.

Since Plasticizer treated plastics are used in automotive components like bumpers, interiors, seating, center consoles, etc., their applications are not limited and are almost identical in electric and conventional automobiles. Therefore the use of Plasticizers in the automobile industry is expected to grow and drive the overall market.

Some of the market's key players are Arkema S.A., BASF SE, The Dow Chemical Company, LG Chem Ltd., Evonik Industries AG, ExxonMobil Chemical Company, Eastman Chemical Company, among others.

Asia-Pacific region is expected to be the Plasticizers production leader, with most of the consumption in China and India. Plasticizer-added polymers account for a critical portion of the total automotive polymers utilized in a passenger vehicle. Thus, with hundreds of automobiles manufactured daily, China satisfies its domestic need and caters to the international demand for vehicles.

IBEF stated that the automobile production in India grew at 2.36% CAGR between FY16-20, with nearly 26.36 million vehicles being manufactured in the country in 2020-21.

Apart from the rapidly growing automobile industry, China, Japan, and South Korea are the largest electronics and other consumer goods manufacturers, which have Plasticizers as one of the critical components, thus surging the demand for Plasticizers in the region.

As greater than half of the world's people reside in the Asia-Pacific region, there is an increasing demand for housing. Since Plasticizers are used in pipe, flooring, wall coverings, napkins, adhesive films, pool liners, extruded cables, automobile, synthetic leather coated textiles, and medical devices, the demand for Plasticizers is expected to increase in the region.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

2.1 Aim & Objective of the study

2.2 Market Definition

2.3 Study Information

2.4 General Study Assumptions

2.5 Research Phases

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Regulatory Policies

3.6 Analysis of Covid-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

5. Market Segmentation & Forecast

5.1 By Type

5.1.1 Phthalates

5.1.2 Non-Phthalates

5.1.3 Others

5.2 By End User Industry

5.2.1 Automotive

5.2.2 Electronics

5.2.3 Consumer Goods

5.2.4 Construction

5.2.5 Others

6. Regional Market Analysis

6.1 North America

6.1.1 United States

6.1.2 Canada

6.1.3 Mexico

6.2 Europe

6.2.1 Germany

6.2.2 United Kingdom

6.2.3 Italy

6.2.4 France

6.2.5 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 India

6.3.3 Japan

6.3.4 South Korea

6.3.5 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East & Africa

6.5.1 South Africa

6.5.2 Saudi Arabia

6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

7.1 Arkema S.A.

7.2 BASF SE

7.3 The Dow Chemical Company

7.4 LG Chem Ltd.

7.5 Evonik Industries AG

7.6 ExxonMobil Chemical Company

7.7 Eastman Chemical Company

7.8 Ineos Group Ltd

7.9 UPC Technology Corp.

7.10 Aekyung Petrochemical Co., Ltd

7.11 Nan Ya Plastics Corporation

7.12 Shandong Hongxin Chemical Industry Company Limited

7.13 Shandong Qilu Plasticizers Co. Ltd

7.14 Bluesail chemicals

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/w0zu2w