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The global plasticizer market size will reach 32.5 billion US dollars

 Last Update: 2023-03-04
 Source: Internet
 Author: User

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According to ICIS Energy on March 25, according to SpecialChem data, the plasticizer market size in 2020 is 20.
44 billion US dollars, and it is expected to reach 32.
53 billion US dollars by 2028, with a compound annual growth rate from 2021 to 2028.
is 6.
09%
.

Growing demand for flexible PVC in different applications, such as floor and wall coverings, coated fabrics, films and sheets, wire and cable, and consumer products, along with the expanding packaging industry, is expected to drive the plasticizers market over the next few years years of development
.

Growing demand for flexible polyvinyl chloride (PVC) in different applications such as floor and wall coverings, coated fabrics, films and sheets, wire and cable, and consumer goods, along with the expanding packaging industry, is expected to drive growth.
Development of the plasticizer market in the next few years
.

Furthermore, continuous innovations in plasticizers and increasing demand from the construction industry are expected to drive the market over the next few years
.
At the same time, the increased usage of non-phthalate and high molecular weight phthalate plasticizers and the surge in demand for bio-based materials are expected to drive the market over the forecast period
.

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