Plasticizers, also known as softeners, are odorless and colorless esters that are known for increasing the elasticity of the material. They soften the PVC (Polyvinylchloride) so that it becomes flexible and bendable, reduces the intensity of intermolecular interaction and increases the mobility of polymer chains. They confer durability to the PVC applications that ensure high performance. Plasticizers are produced by reaction of alcohol with an acid. The type of alcohol and acid chosen will determine the kind of ester hence the plasticizer to be produced. They often act as an internal lubricant and demonstrate low volatility. Primarily functional substances and changes in the properties of PVC and their chemical structure is very different.
Plasticizer alcohols are C11 and C7 alcohols composed of linear alky chains. These are used as plasticizers, lube oil additives and solvents.
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.
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 out of which, the n-butanol segment is anticipated to have leading shares on account of its wide usage as a solvent in various cosmetics and chemical industries.
The market is further segmented by application into acrylate esters, plasticizers, solvents, lubricating oil additives and others out of which, lubricating oil additives segment is anticipated to have significant growth on account of increase in the demand for specialized lubricants. On the basis of end use industry, the market is segmented into construction, automotive and others. CLICK TO DOWNLOAD FREE SAMPLE
Increment in economic rate is expected to lead to a rise in the disposable income of the consumers, enabling luxuries of the population and enhancement in the lifestyle of the people globally. As a result, this may increase the sales of end use commodities of plasticizers alcohol such as cars and construction essentials. Rise in demand for 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. 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.
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) enables safe use of these chemicals. Huge investments have been made in the research and development in order to improve the performance of these chemicals, produce substances that cater to the market needs and respecting the safety norms of REACH. Various organizations such as ECPI (European Council for Plasticizers and Intermediates) proactively communicate the benefits of using such chemicals and their applications and providing technical & scientific expertise to national industries.
Strict regulations on emissions from various industries is expected to increase the demand for high performance fuels ultimately, fostering the growth of the plasticizer alcohol market during the forecast period.
Plasticizer alcohol is used in various applications and contributes to the demand for plasticizers. It is used by various end use industries such as automotive for automotive production which is anticipated to drive the growth of the market.
Increase in the demand for alternatives such as phthalates, aliphatics, benzoates, specialty plasticizers is predicted to restrain the growth of the plasticizer alcohol market over the next few years till 2027.
Our-in depth analysis of the plasticizer alcohol market includes the following segments:
On the basis of regional analysis, the plasticizer alcohol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia Pacific region is estimated to have largest market share during the forecast period both in terms of value and volume, owing to high growth of end-use industries, followed by Europe and North America. Latin America region is expected to have significant growth prospects on account of growth in automobile manufacturing and chemical processing units in Brazil and Mexico. Europe is estimated to witness reasonable growth rate attributed to stringent regulations being passed which limit the use of phthalates.
The plasticizer alcohol market is further classified on the basis of region as follows:
Select License Type
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization