Plasticizers Market Market worth $22.5 billion in 2027 – At a CAGR of 5.7%

According to a new market research report, the “Plasticizers Market by type (phthalate and Non-phthalate), Application (Floorings & Wall Coverings, Films & Sheets, Coated Fabrics, Wires & Cables, Consumer Goods) and Region (North America, Europe, Middle East and Africa) – Global Forecast to 2027”, is expected to grow at a CAGR of 5.7% during the forecast period, from an estimated USD 17.0 billion in 2022 to USD 22.5 billion in 2027.The flexibility of Plasticizers to be used in various applications is pushing the market. These Plasticizers enable to manufacture eco-friendly products.

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219 Market data Tables

34 Figures

184 Pages and in-depth TOC on “Plasticizers Market – Global Forecast to 2027”

This report also provides a comprehensive analysis of the companies listed below:

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Plasticizers market. These include UPC Technology (Taiwan), ExxonMobil (US), Nan Ya Plastic (Kaohsiung), BASF (Seoul), Eastman Chemical Company (US), Evonik Industries (Germany).

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Plasticizers Market.

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BASF(Seoul) a key market player with a wide product portfolio, strong market presence, and effective business strategies. The wide product portfolio enables them to serve most regions worldwide. BASF primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity. BASF SE (Germany) and StePac Ltd. (Israel) partnered to create next-generation sustainable packaging specifically for the fresh produce sector. Moreover BASF presented a comprehensive product portfolio of engineering plastics and polyurethanes with a markedly less carbon footprint (PCF) at the K 2022 trade fair, including Ultramid A and B, Elastopir, Ultradur, Ultraform, Elastollan, and Elastocool families, all with PCF reductions.

ExxonMobil is a well-established company with effective business strategies. They offer innovative solutions, services, and hardware portfolios and have an extensive network of channel partners and resellers to increase the deployment of their solutions across numerous vertical markets. They focus on a specific product-related technology. The company leveraged its existing worldwide distribution network and regional sales offices to support its international business for the Products segment. It assembles products for the international markets at the US and Australian locations. ExxonMobil partnered with Mitsubishi Heavy Industries (MHI) to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers. This agreement will enhance next-generation carbon capture technologies.

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