Global demand for plasticizers continues to rise - ScienceDirect
Two recently published market studies elucidate the current status and likely mid-term development of the global markets for plasticizers. In the fourth edition of its Plasticizers market study, Germany's Ceresana forecasts that global demand for all plasticizers will increase to about 9.75 million tonnes in 2024, with typical volume growth rates for the different types of about 3–3.5%.
Global demand for plasticizers continues to rise - ScienceDirect
In the fourth edition of its Plasticizers market study, Germany's Ceresana forecasts that global demand for all plasticizers will increase to about 9.75 million tonnes in 2024, with typical volume growth rates for the different types of about 3–3.5%.
Global plasticizer demand to rise on dynamic development
As per a report by Global Transparency Report, the global plasticizers market has registered revenue of US$26 bln in 2009 and is expected to reach US$36.7 bln by 2015. The global annual demand for the plasticizers market is projected to exceed 13.2 mln tpa till 2018.
Plasticizers - Chemical Economics Handbook (CEH) | S&P Global
Overall, global plasticizer consumption will grow at a rate of about 3.5% per year in the next few years. Phthalate esters, based on phthalic acid, are the main types of plasticizers used since they satisfy a broad range of processing and performance requirements, as well as a large number of markets.
Rising demand for PVC products, auto sector growth, infra
Plasticizers are additives that increase a materials viscosity and plasticity and are usually combined with polyvinyl chloride (PVC) or other polymers to impart unique properties. Growing demand for PVC products, expanding automotive industry, rapid urbanization and construction projects around the world will boost market demand.
- What is the global demand for plasticizers in 2024?
- In the fourth edition of its Plasticizers market study, Germany's Ceresana forecasts that global demand for all plasticizers will increase to about 9.75 million tonnes in 2024, with typical volume growth rates for the different types of about 3–3.5%.
- How will global plastics demand change in 2050?
- On top of that, projections indicate a sharp increase in global plastics demand towards 2050 driven by rising global living standards and industrialization. This means we must refuse, reuse and recycle as much plastic as possible, while also covering system losses and meeting growing demand with sustainable virgin production. Figure 2.
- What is the demand for plasticizers?
- Among the different types of plastics, demand for plasticizers is highest from polyvinyl chloride (PVC). In 2016, 2.14 million tonnes of plasticizers were used solely in films, followed closely by cables and profiles.
- Will plastic growth be a challenge or an investment opportunity?
- Emerging and developing economies, in particular, would benefit from more capacity since they will account for more than half the growth in the world’s plastic waste by 2060, according to OECD figures. For recyclers, this represents both a challenge and an investment opportunity. Packaging, textiles, and transportation will drive plastic growth.
- What is the global plastics system?
- The global plastics system is predominantly linear and based on fossil feedstocks, with only around 14% of plastic waste collected for recycling globally. Greenhouse gas emissions from fossil plastics production and use are substantial, accounting for almost 5% of global emissions.
- Will rising incomes increase demand for plastic?
- That’s less than half the amount that was improperly dumped or washed into waterways, according to data from the Organisation for Economic Cooperation and Development (see Figure 1). Rising incomes will only increase demand for plastic in the coming decades, particularly for packaging or textiles (see Figure 2).
