DALLAS, Dec. 18, 2014 /PRNewswire-iReach/ -- The key
factors driving the plasticizers market are identified as growing
demand in Asia-Pacific, escalating
PVC demand, and development of high & non-phthalates, while
emergence of bio-based plasticizers is identified as the major
opportunity in the market. The Asia-Pacific is the most promising market for
plasticizers and is anticipated to be the same in the near future.
The Asia-Pacific is the largest
market of plasticizers, which consumed more than half of the total
demand in 2013. The demand for plasticizers in the region is
projected to grow at a CAGR of about 6.41% from 2014 to 2019. It is
estimated that China and
Japan were the biggest consumers
of plasticizers in the region, followed by India in 2013. India is also projected to be the fastest
growing plasticizers market in the region due to increasing
domestic demand. Complete report is available at
http://www.rnrmarketresearch.com/plasticizers-market-by-type-low-phthalates-high-phthalates-and-non-phthalates-sub-type-dop-dinpdidp-dotp-bio-based-others-geography-trends-and-forecasts-to-2019-market-report.html.
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The consumption trend of plasticizers varies from region to
region depending upon its various types. For instance, the
consumption trend in Asia-Pacific
represents a mix of all the plasticizers. The Asia-Pacific is the biggest consumer of low
phthalates especially DOP, which is mainly due to lack of
legislative initiatives and due to increasing PVC demand in the
region. Additionally, the consumption of high phthalates and
non-phthalates is also prominent in the region. The region is the
biggest and the fastest growing market after RoW for plasticizers,
consuming more than 50.0% the total global volume in 2013. The
scenario is different in Europe,
as non-phthalates and certain high phthalates are dominant in
Europe, which is mainly due to the
stringent norms and regulations in the region. On the other hand,
demand in North America is
increasing for DOTP and bio-based non-phthalates as an alternative
for low phthalates. Also on the basis of countries, China, Japan,
India U.S., and Germany, are the
major consumers of plasticizers, with China being at the forefront.
Companies profiled in this report include UPC Technology
Corporation, Exxonmobil Corporation, BASF SE, Nan Ya Plastics
Corporation, Aekyung Petrochemical Co. LTD., Shandong Qilu
Plasticizers Co. LTD., Eastman Chemical Company, Lg Chem LTD.,
Evonik Industries Ag, and Shandong Hongxin Chemicals Co. LTD. Order
a copy of this report at
http://www.rnrmarketresearch.com/contacts/purchase?rname=250707
.
Among the types, although the low phthalates held the largest
share of the total volume of plasticizers in 2013, the penetration
of plasticizers in the non-phthalates segment is anticipated to
grow at a notable pace on account of the looming regulatory
changes. Currently, the demand of plasticizers is dominated by the
DOP segment that consumed nearly 50.0% of the total plasticizers
demanded in 2013, but this demand is projected to decline in the
coming few years due to increasing environment and health concerns
associated with its exposure. DOTP is expected to be the strongest
growth areas of plasticizers in the near future, due to its
excellent toxicological profile, and as a direct replacement for
DOP & DINP in many applications due to its low volatility.
This study on plasticizers market estimates the demand and value
for plasticizers and projects the same by 2019. As a part of
quantitative analysis, the study segments the market by type &
by sub-typeat a country and global level, with the current market
estimation and forecast till 2019. The countries covered in the
report are the U.S., Canada,
Mexico, China, Japan,
Taiwan, South Korea, India, Thailand, Indonesia, Germany, Russia, Italy, Turkey, France, Poland, Saudi
Arabia and Brazil. Priced
at $4650 for a single user PDF, a
discount on this research report can be requested at
http://www.rnrmarketresearch.com/contacts/discount?rname=250707
.
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