Plasticisers Market Estimated To Experience A Hike In GrowthPosted by Pradnya on April 6th, 2021 The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force. They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic. A plasticiser is a chemical substance which is added to another material, usually a plastic, to make it flexible, resilient and easier to handle. There are more than 300 different types of plasticisers out of which around 50-100 are currently used commercially. The most common plasticisers are phthalates and adipates. Plasticisers are added to a polymer matrix to increase its flexibility and enhance its chemical properties in the final plastic product. Addition of a plasticizer can lower the glass transition temperature, melt viscosity and elastic modulus of the polymer. Plasticisers are additives which increase the plasticity or fluidity of a material. Plasticisers also enhance the properties of materials such as concrete, clays, and other related products. Plasticisers Market: Segmentation The global plasticisers market is classified on the basis of end use, product type and region. Based on application, the global plasticisers market is segmented into the following:
Based on product type, the global plasticisers market is segmented into the following:
Plasticisers Market: Overview Plasticisers are the most commonly used additives in the global plastic market. The global plasticiser market exceeded 8 Mn metric tons by 2014 end. The most dominant application areas of plasticisers are plastics and polyvinyl chloride (PVC). Efforts are in progress by different regulatory authorities to promote environmental friendly products which have led to an increase in the demand for bio-plasticizers in developed regions. Phthalate-based plasticizer was prominent and represented more than 75% share in the global plasticisers market. However, stringent government regulations and increasing health concerns of the consumers, stimulated the demand for bio-plasticisers which is currently a significant trend in the market. Plasticisers Market: Region wise Overview Geographically, global plasticisers market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, Middle East and Africa (MEA). By 2015 end, North America held the largest share in the global market due expanding application in flourishing industries of healthcare, chemicals and packaging. Europe all together is an established market due to stable growth in manufacturing and healthcare industry. In Western Europe countries, around 1 Mn tons of phthalates are produced annually, out of which approximately 0.9 Mn tons of phthalates are used to plasticize PVC. Overall, Western Europe, APEJ and North America are projected to hold more than 75% share in the global plasticiser market. Plasticisers Market: Key Players The key research institutes in global plasticisers market are
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