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Why Does Construction Sector Use Plasticizer-Based PVC?

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Aryan Kumar
Why Does Construction Sector Use Plasticizer-Based PVC?

The construction sector requires a large quantity of plasticizers due to the large-scale application of polyvinyl chloride (PVC) in the production of several building materials and tools. PVC products are used in the construction sector as they offer excellent resistance to ultraviolet (UV) light and temperature. PVC, in turn, requires plasticizers, such as dibutyl phthalate (DBP), diisononyl phthalate (DINP), dioctyl phthalate (DOP), and dioctyl terephthalate (DOTP), for softness. Thus, the expansion of the construction sector will accelerate the plasticizers market at a CAGR of 3.5% during 2019–2024. The market was valued at $13,967.9 million in 2018, and it is projected to reach $16,700.6 million by 2024.

The categories under the application segment of the plasticizers market are wires and cables; toys and child care products; automotive parts; films and sheets; medical equipment; flooring, roofing, and cladding; and others. Till 2018, these products were largely used in the production of wires and cables for the automotive, electrical and electronics, and construction industries. Large volumes of PVC are used in the production of wires and cables to offer these products optimum electrical insulation. Therefore, with the expansion of the construction, automotive, and electrical and electronics sectors, the application of plasticizers will also increase.

Asia-Pacific (APAC) utilized the highest volume of plasticizers in the past. This can be ascribed to the vastly productive construction, manufacturing, chemical, and healthcare sectors in China, Indonesia, and India. All these end-use industries need plasticizers for the manufacturing of flexible PVC, which is ultimately required in the production of end-use items. Hence, the robust growth of these sectors in the APAC region will result in an increasing consumption of plasticizers in the future.

Currently, the plasticizers market is dominated by UPC Technology Corporation, a Taiwan-based company, which operates in China, the U.S., the Middle East, Southeast Asia, South Asia, Northeast Asia, and New Zealand. It offers basic plasticizers like DNOP, DOP, DINP, DOTP, DBIP, DPHP, DOA, TOTM, and TNTOM, as well as specialty plasticizers, in these regions and countries. Apart from this, key players such as LG Chem Ltd., BASF SE, Nan Ya Plastics Corporation, Eastman Chemical Company, KLJ Group, LANXESS AG, Evonik Industries AG, and Mitsubishi Chemical Corporation also manufacture all kinds of plasticizers to meet the growing demand.

Thus, the expansion of the construction and electrical and electronics sectors will amplify the usage of plasticizers in the coming years.

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