Plasticizer Alcohols Market to Grow by USD 4.5 Billion from 2024-2028, Driven by Economic Expansion in Emerging Regions and AI-Powered Market Transformation- Technavio | | kilgorenewsherald.com

NEW YORK, Oct. 24, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global plasticizer alcohols market size is estimated to grow by USD 4.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.19% during the forecast period. Rapid economic expansion in emerging regions is driving market growth, with a trend towards increasing demand for flexible PVC. However, regulatory constraints hampering market growth poses a challenge. Key market players include ADD Chem Germany, Amines and Plasticizers ltd., Arkema SA, BASF SE, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Gapuma Group, Grupa Azoty SA, INEOS GROUP HOLDINGS S.A., Innospec Inc., KH Neochem Co. Ltd., Lanxess AG, LG Chem Ltd., New Japan Chemical Co. Ltd, Polynt SpA, Roquette Freres SA, Saudi Basic Industries Corp., Shell plc, Supreme Plasticizers, Tecnosintesi S.p.A., and VVF Ltd..

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Plasticizer Alcohols Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.19%

Market growth 2024-2028

USD 4498.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.36

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 41%

Key countries

China, US, and India

Key companies profiled

ADD Chem Germany, Amines and Plasticizers ltd., Arkema SA, BASF SE, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Gapuma Group, Grupa Azoty SA, INEOS GROUP HOLDINGS S.A., Innospec Inc., KH Neochem Co. Ltd., Lanxess AG, LG Chem Ltd., New Japan Chemical Co. Ltd, Polynt SpA, Roquette Freres SA, Saudi Basic Industries Corp., Shell plc, Supreme Plasticizers, Tecnosintesi S.p.A., and VVF Ltd.

Flexible Polyvinyl Chloride (PVC) continues to be a preferred choice in various industries due to its versatility, durability, and cost-effectiveness. The construction sector is a significant market driver, utilizing flexible PVC in applications like cable insulation, flooring, and weatherproof membranes. The automotive industry also adopts flexible PVC for interior components and wire harnesses, appreciating its lightweight properties and customizable formulations. In healthcare, the material's resistance to chemicals and ease of sterilization makes it popular for medical tubing, blood bags, and other critical devices. The packaging industry contributes to demand growth, using flexible PVC in food packaging and protective coverings. Consumer goods, including toys and sporting equipment, also boost the market. Eco-friendly plasticizers and improved recycling methods are driving innovation, maintaining flexible PVC's market presence despite environmental concerns.

The Plasticizer Alcohols market is experiencing significant trends in the use of various alcohols as sustainable alternatives to traditional phthalates. Two-ethyl hexanol and n-butanol are gaining popularity due to their high boiling points, making them effective solvents and chemical intermediates. Acetate esters, isobutanol, and isononyl alcohol are also in demand for their production efficiency and eco-friendliness. The coatings industry is a major consumer of plasticizers, with acetates, adipates, and trimellitates being commonly used. The construction and healthcare sectors also rely heavily on plasticizers for flexibility and durability. Research activities are focused on developing sustainable alternatives to phthalates, such as bio-based plasticizers from renewable resources like vegetable oils, biomass, and waste streams. Automation, process engineering, and catalytic processes are being employed to increase production efficiency and reduce emissions. Government regulations on emission norms and the demand for high performance fuels are driving the development of non-phthalate alternatives like aliphatics and specialty plasticizers. Sustainable sourcing and eco-friendly substitutes are key priorities for companies in the plasticizer market.

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Market Challenges

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Segment Overview

This plasticizer alcohols market report extensively covers market segmentation by

1.1 2-Ethylhexanol- The plasticizer alcohols market is primarily driven by the demand for 2-Ethylhexanol due to its versatility as a chemical intermediary. Its critical role in producing high-performance plasticizers, particularly in the automotive and construction industries, makes it a preferred choice. With increasing regulatory scrutiny of traditional plasticizers, 2-Ethylhexanol's use as a key component in phthalate-free plasticizers has gained traction. Additionally, its applications in solvents, coatings, and surfactants further boosts its market appeal. The growing emphasis on sustainability and eco-friendly materials has also contributed to its demand, as it can be derived from renewable resources. As industries prioritize performance, safety, and environmental considerations, the demand for 2-Ethylhexanol is expected to remain strong, fueling the growth of the 2-Ethylhexanol segment and the global plasticizer alcohols market.

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Research Analysis

The Plasticizer Alcohols market refers to the production and consumption of various alcohols used as plasticizers in the manufacturing of polymers, elastomers, and flexible plastics. Two of the most commonly used plasticizer alcohols are 2-Ethyl hexanol and n-butanol. The boiling points of these alcohols differ, with 2-Ethyl hexanol having a higher boiling point than n-butanol, making it a preferred choice for certain applications. Plasticizer alcohols function as solvents and chemical intermediates, enhancing the flexibility and durability of plastic products. They are widely used in the production of acetate esters, Trimellitates, and Adipates, which are essential plasticizers for Flexible PVC and other flexible plastics. The consumption rate of plasticizer alcohols is increasing due to their use in various industries, including consumer goods, medical devices, and electric vehicles. However, health and environmental concerns related to phthalates have led to the development of eco-friendly plasticizers, such as bio-based plasticizers derived from renewable sources. Isobutanol and other alcohol-based compounds are also gaining popularity as non-phthalate plasticizers.

Market Research Overview

The Plasticizer Alcohols Market refers to the global trade of various alcohols used as plasticizers in the production of polymers, elastomers, and other plastic materials. These alcohols, including 2-Ethyl hexanol, n-butanol, Isobutanol, Isononyl alcohol, and others, function as solvents and chemical intermediates in the manufacturing process. Their boiling points and chemical properties make them ideal for use in acetate esters, phthalates, benzoates, aliphatics, and specialty plasticizers. The consumption rate of plasticizer alcohols is driven by their applications in the coatings industry, automotive, construction, and consumer goods sectors. The market is witnessing significant research activities to develop sustainable alternatives to traditional plasticizers, such as bio-based plasticizers derived from renewable resources like biomass, vegetable oils, and waste streams. Sustainable development and environmental friendliness are key considerations in the plasticizer alcohols market, with a focus on production efficiency, emission norms, and high-performance fuels. The market is also witnessing the emergence of eco-friendly substitutes for phthalates, such as trimellitates, adipates, and non-phthalate alternatives produced through enzymatic and catalytic processes. The plasticizer alcohols market is expected to grow significantly in the coming years due to the increasing demand for flexible PVC, lightweight materials, and eco-friendly plasticizers in various industries, including automotive, construction, healthcare, and consumer goods. However, health and environmental concerns associated with some traditional plasticizers, such as phthalates, are driving the need for sustainable and non-phthalate alternatives. The market is also being influenced by regulatory requirements, such as emission norms, and the growing demand for electric vehicles and bio-based plasticizers. Automation, process engineering, and advanced technologies are expected to play a significant role in improving production efficiency and reducing the environmental footprint of plasticizer alcohols. In summary, the Plasticizer Alcohols Market is a dynamic and evolving industry that is responding to changing consumer preferences and regulatory requirements by developing sustainable, eco-friendly, and high-performance plasticizers for various applications in the automotive, construction, healthcare, consumer goods, and other sectors.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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SOURCE Technavio

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