According to a recently published report by Research Nester on “Plasticizer Alcohol Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the 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.
The plasticizers alcohol 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 & application. The market is segmented by type into n-butanol isobutanol, 2-ethylhexanol, isononyl alcohol & others. The market is further segmented by application into acrylate esters, plasticizers, solvents, lubricating oil additives and others. On the basis of end use industry, the market is segmented into construction, automotive and others.
Demand for plasticizer alcohol is expected to grow significantly owing to its use in numerous industries such as automotive, construction, plastics & paint coatings and chemical processing. An increase in application scope for PVC in the recent years has prompted the demand for plasticizer alcohols and is expected to affect the market growth positively.
Rise in demand of flexible PVC in different applications, increase in the adoption of high molecular weight phthalate & non-phthalate plasticizers and developing packaging industries are expected to propel the growth of the market. Several regulations are being passed regularly on the safe use of plasticizer alcohol such as in Europe, Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) enabling safer use of these chemicals. Huge investments have been made in the research and development in order to improve the performance of these chemicals. Continuous innovations in plasticizers alcohol which results in the initiation of its bio-derived type and R&D activities for the production of new applications by different markets are estimated to provide wide opportunities for the expansion of the plasticizer market. In most markets, demand for plasticizer alcohol is influenced by economic conditions. Therefore, demand for the product follows the patterns of world economies.
Strict regulations on emissions from various industries is expected to increase the demand for high performance fuels. Plasticizer alcohol is used in various applications and contributes towards the demand for plasticizers. It is used by various end use industries such as automotive for automotive production ultimately, fostering the growth of the plasticizer alcohol market during the forecast period.
However, increasing demand for alternatives is expected to operate as a key restraint towards the growth of plasticizer alcohol market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the plasticizer alcohol market which includes company profiling of Evonik Industries, Meryer 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 detailed overview of the 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.