Plasticizers are non-volatile organic substances and the most common additives used in the plastics industry. It helps to improve flexibility, extensibility, and processability when incorporated into a plastic or elastomer. Plasticizers increase the flow and thermoplasticity of a polymer by decreasing the viscosity of the polymer melt, the glass transition temperature, the melting temperature, and the elastic modulus of the finished product without altering the chemical character of the plasticized material. Plasticizers are majorly classified based on their chemical composition. Following are the most commonly used plasticizers across multiple industries:
· Phthalate esters: These are produced by esterification of phthalic anhydride or phthalic acid obtained by the oxidation of orthoxylene or naphthalene.
· Aliphatic dibasic acid esters: These types of esters include chemicals such as glutarates, adipates, azelates, and sebecates.
· Benzoate esters: They are made by esterification of benzoic acid and alcohols.
· Trimellitate esters: These are esterification products of trimellitic anhydride and C8-10 alcohols.
· Polyesters: They are formed by many combination reactions of dicarboxylic acids and difunctional alcohols.
· Citrates: They are made by the reaction of one mole of citric acid with three moles of alcohol.
· Bio-based plasticizers: These are bio-based oil such as epoxidized soybean oil, castor oil, palm oil, other vegetable oils, starches, sugars, etc.
Plasticizers are the most widely used additives in the plastic industry as plasticizers are usually cheaper than other additives used in polymer processing. Hence, the procurement strategy development of plasticizers is becoming very important.
Read report summary or request a free sample copy of the report @ Plasticizers Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025
Demand Outlook
The global plasticizers market is valued at USD 18 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2025 due to increasing demand for flexible PVC products, made from plasticizers, in applications such as pipe, flooring, wall coverings, napkins, adhesive films, pool liners, extruded wires, automotive, synthetic leather coated textiles, and medical devices. APAC is the fastest-growing region in the plasticizers market due to the growing construction and automotive industries.
Cost Drivers
Plasticizers are produced by a reaction of an alcohol with an acid such as adipic acid, phthalic anhydride, etc. Hence, the price of these acids is considered the major cost driver of plasticizers production. The cost of acids holds the highest cost share of plasticizer production followed by machinery and labor cost.
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A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
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The market size for Bio Plasticizers is projected to reach $1,140.3 Million by 2020, registering a CAGR of 9.8% between 2015 and 2020.Browse 113 market data tables and 72 figures spread through 175 pages and in-depth TOC on “Bio Plasticizers Market - Trends & forecasts to 2020" “North America: One of the Biggest Markets of Bio Plasticizer”North America is the most promising market for bio plasticizers and the trend is projected continue in the near future.
This is due to increasing domestic demand, and stringent norms & regulations.
Intensified efforts of different regulatory authorities to promote environmentally friendly products have led to higher growth of bio plasticizers in this region.The Dow Chemical Company (U.S.), Vertellus Specialties Inc. (U.S.), Evonik Industries AG (Germany), Solvay S.A. (Belgium), Lanxess AG (Germany), BioAmber Inc. (Canada), Emery Oleochemicals Llc (Malaysia), Matrica S.P.A. (Italy), Polyone Corporation (U.S.), Myriant Corporation (U.S.), and Danisco Inc. (U.S.) are some of the major manufacturers of bio plasticizer, globally.Request report sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=70153683Growth in end-use industries in developing nations such as China and India is expected to drive the bio plasticizer market in next five years.
Ban on phthalates in consumer goods, food packaging materials, medical devices, and soft toys, is the other important factor contributing toward the growth of bio plasticizer.
The stringent regulations and norms along with tight supply of harmful phthalates, such as DOP, DBP, BBP, and DEP have led to the development of eco-friendly plasticizer as a replacement to the traditional phthalates.The plasticizer industry is focusing on introducing safer and non-toxic bio-based plasticizer to help manufacturers go green; they can also replace the traditional phthalates in various applications.
Bio-based plasticizer are renewable and are produced from vegetable raw materials and renewables that are used as an alternative for petroleum-based plasticizer, in many general purpose and PVC applications.
