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Global Plasticisers Coating Additives Market to Grow at a CAGR of 5.8% in the Forecast Period of 2022-2027, Aided by the Replacement of Conventional Materials by Plastics in Several Applications

According to a new report by EMR titled, ‘Global Plasticisers Coating Additives Market Report and Forecast 2022-2027’, the global plasticisers coating additives industry reached a value of about USD 2.29 billion in 2021. The market is further expected to grow at a CAGR of 5.8% in the forecast period of 2022-2027 to reach a value of approximately USD 3.21 billion by 2027.

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.

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 (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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