SpendEdge Releases Procurement Market Research Report for the
Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Plasticizers Procurement Market Research Report.’The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for
Global Plasticizers Market - Procurement Intelligence Report
According to the forecasts, the growing demand from flexible PVC manufacturers and the lightweight automotive market will drive the demand for plasticizers suppliers. This is evident in the projected plasticizers market spend growth that will touch a value of over USD 5 billion at a CAGR of over 5%.
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Plasticizers Market Procurement Intelligence Report
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TBC Plasticizer Pvc Price List In United States | Hot-selling
Plasticizers – Procurement Market Intelligence | ProcurementIQ. Market share concentration among plasticizer suppliers is high, with the top four suppliers accounting for more than 50% of US market revenue. There are 550 suppliers of plasticizers in the United States, most of which are distributors purchasing from upstream manufacturers.
- What is the growth rate of plasticizers in 2023?
- The plasticizers category is anticipated to grow at a CAGR of 5.5% from 2023 to 2030. A plasticizer is a compound or material that is added to a polymer solution in order to enhance its flexibility and plasticity. In the plastics industry, plasticizers are among the most frequently utilized additives.
- Why is the plasticizers industry fragmented?
- The polymers and in turn the plasticizers industry is highly fragmented. The nature of the polymer industry is such that it comprises a diverse range of specifications and end-user markets, leading to market fragmentation. It is even more complex in the recycled plastics industry.
- What are the major cost components of plasticizers?
- The key raw materials associated with the production of plasticizers are olefins, alcohols, and acids. Hence, the major cost components include raw materials, energy and equipment, labor, facilities and storage, and transportation.
- How much do plasticizers cost?
- Prices at the end of November reached USD 675 – 1,000 / ton in Southeast Asia and China. In terms of consumption, China is the world's largest consumer of plasticizers, accounting for more than 35 – 40% of the total share in 2022.
- Where do plasticizers come from?
- In terms of consumption, China is the world's largest consumer of plasticizers, accounting for more than 35 – 40% of the total share in 2022. Depending on the type of plasticizers, the top countries most preferred for procuring the products are China, India, Germany, Vietnam, the U.S., Canada, the Netherlands, the U.A.E, and the Philippines.
- Why did Eastman plasticizer prices increase in 2022?
- For instance, since July 2022, Eastman has increased its plasticizer prices due to ongoing pressure from raw materials, energy, and transportation costs. Price increases were in the range of USD 0.075 to USD 0.100 /LB in North America and Latin America.
