|Global Analysis of the Plasticizers Market, Forecast to 2025|
|Growing Concerns and Tightening Standards to Underpin the Demand for Alternatives|
Frost & Sullivan’s latest analysis, Global Analysis of the Plasticizers Market, Forecast to 2025, reveals that the global plasticizers market is expected to register moderate expansion over the forecast period driven by steady prospects across end-use industries, such as construction, flooring and wall coverings, and wires and cables manufacturing. Developing markets are set to evolve due to the adoption of non-orthophthalate plasticizers and the concerted effort toward replacing classified and regulated plasticizers. Furthermore, changing consumer preferences, rising urbanization, and corresponding developments in energy demand are key trends augmenting market growth. Frost & Sullivan expects the global plasticizers market to increase at a compound annual growth rate (CAGR) of 3.3% and reach $17.48 billion by 2025.
“A growing preference for sustainable plasticizers and safer alternatives is driving several small and mid-sized participants to direct dedicated efforts and resources toward research, development, and commercialization of novel products”.
- Gautam Rashingkar, Research Analyst, Chemicals, Materials & Nutrition, Frost & Sullivan.