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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.
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.