TechNavio recognizes the following companies as the key players in the Global Plasticizer Market: BASF SE, Eastman Chemical Co., ExxonMobil Corp., and Ferro Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The increasing global concern about the environment and the need for environmental sustainability is forcing vendors to design eco-friendly plasticizers. Plasticizers such as DOP and other types of phthalates contain harmful substances and toxins which often harm the environment and pose risks to aquatic and terrestrial ecosystems. The public in many countries, and social bodies concerned with the environment, have started pressurizing vendors and manufactures of various products to use bio-plasticizers in the manufacture of various goods. Hence, vendors are increasing their research capabilities and are developing biodegradable and less harmful plasticizers such as TEC, TBC, and TOC to protect the environment and population, and to reduce their carbon footprint. Consumers are also demanding more eco-friendly plasticizers, which is positively influencing the growth in this market, though it adds to the manufacturing pressure on some plasticizer vendors. ”
According to the report, one of the main drivers in this market is the rising demand for plasticizers from the Medical industry. Plasticizers are increasingly being used in the production of medical devices and in their packaging. The rapid growth of the Medical industry has also adding to the increased requirement for plasticizers.
Further, the report states that one of the main challenges hindering the growth of this market is the health risks associated with the use of plasticizers, especially phthalates. Some plasticizers harm humans and lead to low birth weights, problems in the reproductive system, problems in breathing, and numerous other diseases, especially among children.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-plasticizer-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Plasticizer Market 2014-2018
