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Rising demand for flexible polyvinyl chloride (PVC) are expected to drive innovation in plasticizers manufacturing, thus driving the market during the forecast period.

The global plasticizers market is expected to grow from $93.47 billion in 2022 to $100.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The global plasticizers market size is expected to grow from $132.63 billion in 2027 at a CAGR of 7.1%.

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Global Plasticizers Market Segments Include:

• By Product Type: Phthalates Plasticizers, DOP, DINP/DIDP/DPHP, Others, Non-Phthalates Plasticizers, DOTP, Adipates, Trimellitates, Epoxies, Benzoates
• By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Other Applications
• By Distribution Channel: Online, Offline
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global plasticizers market in 2021.

Major Market Players in the plasticizers market include Arkema S.A, BASF SE, Dow Chemical Company, LG Chem Ltd., Evonik Industries Ag, Exxon Mobil Corporation, Eastman Chemical Company.

Eco-friendly plasticizers are increasingly being used to prevent harmful phthalate plasticizers such as DOP, DBP, BBP, and DEP. Eco-friendly plasticizers have various properties such as waterproofing with good electrical resistivity, weather resistance, better mechanical strength, and good heat stability. Due to these factors, phthalate plasticizers are being replaced with eco-friendly plasticizers. Eco-friendly plasticizers are polymer additives that improve a material’s plasticity. The global eco-friendly plasticizer market is growing rapidly due to the increased demand for eco-friendly plasticizers to keep human health and the environment safe. These plasticizers come with low toxicity and good compatibility and are used in various applications, mainly in films and cable manufacturing, and are driving the growth of the plasticizer market.

The Plasticizers Global Market Report 2023  provides a plasticizers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plasticizers market forecast analyzes plasticizers market size, plasticizers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Plasticizers are chemical additives used to increase the plasticity or fluidity of a material. Plasticizers have dominant uses in rubber, resins, and plastics, especially polyvinyl chloride (PVC).

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