Plasticizers Market Estimated to Reach $22.5 billion by 2027, at a CAGR of 5.7%| MarketsandMarkets™
The plasticizers market size is projected to grow from USD 17.0 billion in 2022 to USD 22.5 billion by 2027, registering a CAGR of 5.7% during the forecast period. This growth is attributed to the growing construction and electronics industries. The growing infrastructure development in developing countries, such as China, India, and Brazil, is driving the demand for plasticizers, as these countries require a large amount of construction material and automotive parts. The construction of new roads, bridges, airports, ports, and other projects requires plastic products, such as pipes, wires, and cable insulation. Thus, the increasing need for more efficient and sustainable infrastructure and government initiatives to modernize and upgrade the existing infrastructure is expected to drive the demand for plasticizers in the coming years.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=688
Players have adopted different strategies to strengthen their market positions and ensure long-term growth and success. These strategies enable them to efficiently meet the growing demand for plasticizers by various industries. Also, companies operating in this market, such as UPC Technology (Taiwan), ExxonMobil (US), Nan Ya Plastic (Kaohsiung), BASF (Seoul), and Eastman Chemical Company (US), adopt product launches, acquisitions, expansions, collaborations, and partnerships to increase their market shares and expand their geographic presence.
BASF(Seoul) a key market player with a wide product portfolio, strong market presence, and effective business strategies. The wide product portfolio enables them to serve most regions worldwide. BASF primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity. BASF SE (Germany) and StePac Ltd. (Israel) partnered to create next-generation sustainable packaging specifically for the fresh produce sector. Moreover BASF presented a comprehensive product portfolio of engineering plastics and polyurethanes with a markedly less carbon footprint (PCF) at the K 2022 trade fair, including Ultramid A and B, Elastopir, Ultradur, Ultraform, Elastollan, and Elastocool families, all with PCF reductions.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=688
ExxonMobil is a well-established company with effective business strategies. They offer innovative solutions, services, and hardware portfolios and have an extensive network of channel partners and resellers to increase the deployment of their solutions across numerous vertical markets. They focus on a specific product-related technology. The company leveraged its existing worldwide distribution network and regional sales offices to support its international business for the Products segment. It assembles products for the international markets at the US and Australian locations. ExxonMobil partnered with Mitsubishi Heavy Industries (MHI) to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers. This agreement will enhance next-generation carbon capture technologies.
Buy this Premium Research Report at https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=688
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/plasticizers-market-688.html
