The plasticizer industry in Asia-Pacific reportedly accounted for about 59% of global demand in 2016.
The demand for plasticizers to increase to about 9.75 billion tonnes worldwide until 2024, according to a new report from Ceresana.
About 87% of all plasticizers were used for plastic products in 2016. Films used 2.14 million tonnes alone, followed closely by cables and profiles. Demand for plasticizers in the production of adhesives, rubber products, paints and varnishes is reportedly considerably lower. Until 2024, Ceresana expects the highest increases in plasticizer demand for cables and cable sheathing.