Plasticizer Market Growth Opportunities, Industry Revenue and Business Analysis by Forecast – 2030
Plasticizer Market Growth It is anticipated to touch a total of USD 29.77 Billion by the end of the year 2030. The Plasticizer Market size will rise with a CAGR of 6.0 % from the year 2022–2030. Market Drivers The plasticizer market has registered a major spike in the growth rate in the last few years. The market’s growth is mainly credited to the growing construction industry across the globe. Furthermore, the enormous expansion of the automotive market worldwide is another major aspect causing an upsurge in demand for plasticizers. Moreover, the development of eco-friendly and bio-based plasticizers is likely to offer lucrative opportunities to players across the globe over the coming years. Market Restraints On the other hand, several aspects may hamper the growth of the plasticizers market. The ban imposed on the use of certain phthalate plasticizers is the major aspect likely to impede the market’s growth. COVID-19 Impact People worldwide are being impacted by Coronavirus, the