With the growth of the plasticizers market comes increasing demand from the healthcare industry
Business Research Company Plasticizers Market 2022 – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UK, July 1, 2022 /EINPresswire.com/ — Rising demand for plasticizers from the healthcare sector is expected to propel the growth of the plasticizers market in the coming years. Medical product manufacturing companies are increasingly using flexible plasticized PVC in the production of products such as blood bags, biohazard containment structures, IV tubing and many more. For example, around 170 hospitals in Australia and New Zealand have accepted IV bags, face masks and oxygen tubes for recycling. The Vinyl Council of Australia is in charge of this program, which is funded by Baxter, a medical device company that also sponsors a recycling program in Guatemala. According to the plasticizers market overview, the growing demand for plasticizers from the healthcare industry is driving the growth of the market.
Environmentally friendly plasticizers are a key trend shaping the outlook for the plasticizers market. Eco-friendly plasticizers are organic esters that can be amplified into polymers to improve the flexibility and stiffness of the final product through internal alteration of the polymer morphology. According to the growth of plasticizer market trends, eco-friendly plasticizers are biodegradable and have all the properties of a plasticizer. They are generally inert materials with low vapor pressure and high boiling point. Due to these factors, traditional plasticizers (plasticizers based on phthalates) have been increasingly replaced by environmentally friendly plasticizers.
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The plasticizers market size is expected to grow from USD 13.34 billion in 2020 at a CAGR of 4.6% to reach USD 16.69 billion in 2025. The global plasticizers market share is expected to reach USD 21.47 billion dollars in 2030, at a CAGR of 5.2%.
The major players covered in the global plasticizers industry are LG Chem Ltd., Dow Chemical Company, BASF SE, UPC Group, Evonik Industries.
The global TBRC Plasticizers market report is segmented by Product Type into Phthalate Plasticizers, DOP, DINP/DIDP/DPHP, Non-Phthalate Plasticizers, DOTP, Adipates, Trimellitates, Epoxies, Benzoates, Others, by Application in floors and walls, films and sheets coatings, wires and cables, coated fabrics, consumer goods, others, by distribution channel online, offline.
Plasticizers Market 2022 – By Product Type (Phthalate Plasticizers, Non-Phthalate Plasticizers), By Application (Floors & Walls, Film & Sheet Coatings, Wire & Cable, Coated Fabrics, Consumer Goods), By Distribution (Online, Offline) and by Region, Opportunities & Strategies – Global Forecast to 2030 is part of a series of new reports from The Business Research Company that provides plasticizers market overview, forecasts plasticizers market size and growth for the overall market, Plasticizers Market segments, geographies, Plasticizers Market trends, Plasticizers Market drivers, restraints, revenue, profiles and market shares of major competitors.
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