A recently published report by Research Nester on “Plasticizer Alcohol Market”: Global Demand Analysis & Opportunity Outlook 2027” delivers a detailed overview of the global plasticizer alcohol market in terms of market segmentation by type, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
Increment in economic rate is expected to lead to a rise in the disposable income of the consumers, enabling luxuries of the population and enhancement in the lifestyle of the people globally. Moreover, there is a rise in demand for flexible PVC in different applications, an increase in the adoption of high molecular weight phthalate & non-phthalate plasticizers, and developing packaging industries. Continuous innovations in plasticizers alcohol which results in the initiation of its bio-derived type and R&D activities to produce new applications by different markets are estimated to provide wide opportunities for the expansion of the plasticizer market. Attributing to these factors, the market is anticipated to record a CAGR of around 3.3% over the forecast period i.e. 2019-2027.
The market is segmented by type into n-butanol, isobutanol, 2-ethyl hexanol, isononyl alcohol & others out of which, the n-butanol segment is anticipated to have leading shares on account of its wide usage as a solvent in various cosmetics and chemical industries.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
The market is further segmented by application into acrylate esters, plasticizers, solvents, lubricating oil additives, and others out of which, the lubricating oil additives segment is anticipated to have significant growth on account of the increase in the demand for specialized lubricants.
Based on the end-use industry, the market is segmented into construction, automotive, and others.
Asia Pacific region has significant potential for this market and is likely to mark a substantial absolute $ opportunity till 2027, followed by Europe and North America. Latin America region is expected to have significant growth prospects on account of growth in automobile manufacturing and chemical processing units in Brazil and Mexico. Europe is estimated to witness a reasonable growth rate attributed to stringent regulations being passed which limit the use of phthalates.
Strict Regulations and Wide Usage
Strict regulations on emissions from various industries are expected to increase the demand for high-performance fuels. Additionally, plasticizer alcohol is used in various applications and contributes to the demand for plasticizers. It is used by various end-use industries such as automotive for automotive production which is anticipated to drive the growth of the market.
An increase in the demand for alternatives such as phthalates, aliphatic, benzoates, specialty plasticizers are predicted to restrain the growth of the plasticizer alcohol market during the period 2019-2027
This report also provides the existing competitive scenario of some of the key players of the global plasticizer alcohol market which includes company profiling of Evonik Industries, Meyer Chemical Technology Ltd., Chengdu XiYa Chemical Technology Ltd., Dow Chemical Company, Eastman Chemical Company, and Zak S.A, Tianjin Zhongxin Chemtech Ltd.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global plasticizer alcohol market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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