Global Plasticisers Coating Additives Market to Grow at a CAGR of 5.8% in the Forecast Period of 2024-2032, Aided by the Replacement of Conventional Materials by Plastics in Several Applications

Plastics' replacement of traditional materials in a variety of applications is a major factor driving the market's growth. The increasing disposable income and rapid urbanisation are driving the industry forward. The market's rapid growth is aided by increasing demand from the Asia Pacific region. The untapped opportunities in emerging markets for packaging are acting as catalysts for the industry's growth. In addition to this, the rising demand from agricultural and pharmaceutical applications is expected to drive market growth over the forecast period.

In June 2016, Lanxess AG (OTCMKTS: LNXSF) launched Stabaxol P 110, a new hydrolysis stabiliser. When used in thermoplastics like PET and PBT, it performs well. The company has expanded its offering of hydrolysis stabilisers for a variety of applications, including engineering injection moulding, cable sheathing, and paper machine screens, with the addition of this product. This addition also bolstered the demand for the product in the historical period of 2017-2020.

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Market Analysis by Type, End Use, and Region:

• The market on the basis of type can be divided into phthalate plasticisers, non-phthalate plasticisers, and bio-based plasticisers.

• Based on end use, the industry can be divided into pharmaceuticals, construction and remodelling, electronics and communication, and automotive, among others.

• The regional markets for plasticisers coating additives include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Replacement of conventional materials by plastics is an important factor driving the growth of the market.

• Increasing disposable income of consumers is propelling the industry’s progress.

• High rate of urbanisation is acting as a catalyst for the market’s growth.

• Growing demand from Asia Pacific has been augmenting the progress of the industry.

Key Offerings of the Report:

• The EMR report gives an overview of the global plasticisers coating additives market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the type, end use, and regions of plasticisers coating additives.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the plasticisers coating additives industry are BASF SE, Arkema Group, Evonik Industries AG, Exxon Mobil Corporation, Eastman Chemical Company, LG Chem, and INEOS Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.