Plasticizers Market Trends

Growth Drivers
Growing Demand for Flexible PVC in End User Industries: Plastics are used in different formats across several end user industries for the manufacturing of different types of goods. Based on the applicability and the utilization of the product, the rigidity of the plastic is decided for manufacturing the product. Several products require greater flexibility and elasticity to give different shapes. Plasticizers are used to enhance the physical properties of the PVC plastic, which are known as flexible PVC. The plasticizers soften the rigid PVC plastic, thereby providing a whole new dimension of market opportunities for flexible PVC, which is anticipated to drive the growth of the market over the forecast period. Flexible PVC are used majorly in the manufacturing of PVC pipes, adhesive films, extruded wires, flooring, napkins, and several others.
Growing Demand for Eco-Friendly Plasticizers: Eco-friendly plasticizers are the new trend which are known to have low toxicity levels and provide a great alternative over conventional plastic forms. Eco-friendly plasticizers do not affect the environment, which is why they find wide application across different end user industries. Moreover, backed by the growing concern for the environment and the increasing awareness for recycling of plastics, are some of the factors that are demanding for eco-friendly solutions, such as eco-friendly plasticizers, which is anticipated to drive the growth of the global market. Additionally, the global eco-friendly plasticizers market is anticipated to achieve a CAGR of 13.5% over the forecast period 2018-2027.
Challenges
Stringent Government Norms For the Use of Plasticizers: Plasticizers are of various types, out of which, the phthalate plasticizer type is known to possess severe effect on health and the environment. As such, several governmental organization and environmental bodies are setting up restrictions in the use of phthalate plasticizers and are promoting the use of non-phthalate plasticizers, which is anticipated to hamper the growth of the global market.