Overview and Scope
Plasticizers are chemical additives used to increase the plasticity or fluidity of a material. Plasticizers have dominant uses in rubber, resins, and plastics, especially polyvinyl chloride (PVC).
Sizing and Forecast
The plasticizers market size has grown strongly in recent years. It will grow from $100.57 billion in 2023 to $108.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased demand for polyvinyl chloride (pvc), increased demand for industrial packaging products, increase in global chemicals mergers and acquisitions (m&a).
The plasticizers market size is expected to see strong growth in the next few years. It will grow to $145.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing demand for plastic or pvc increasing demand for plasticizers from the healthcare sector. Major trends in the forecast period include eco-friendly plasticizers, increasing use of recycled raw materials in plasticizers, rising in mergers and acquisitions, automation through robotics in factories, phthalate substitutes.
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Segmentation & Regional Insights
The plasticizers market covered in this report is segmented –
1) By Product Type: Phthalates Plasticizers, Non-Phthalates Plasticizers
2) By Distribution Channel: Online, Offline
3) By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Other Applications
Sub segments: DOP, DINP/DIDP/DPHP, Others, DOTP, Adipates, Trimellitates, Epoxies, Benzoates
Asia-Pacific was the largest region in the plasticizers market in 2023. North America was the second-largest region in the global plasticizers market. The regions covered in the plasticizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising demand for flexible polyvinyl chloride (PVC) contributes to the growth of the plasticizer market. Flexible PVC is softer than unplasticized polyvinyl chloride (uPVC) due to the addition of plasticizers. The increasing demand for flexible PVC material in various end-use industries drives the demand for plasticizers. Flexible packaging provides long-lasting safety, lightweight, and compactness while maintaining a low carbon footprint, which increases demand for PVC from the packaging industry.
Key Industry Players
Major companies operating in the plasticizers market report are LG Chem Ltd., Dow Chemical Company, BASF SE, UPC Group, Evonik Industries, Arkema S.A., Ineos Group, Eastman Chemical Company, Exxon Mobil Corporation, Nan Ya Plastics Corporation, Indo-Nippon Chemical Co. Ltd, KLJ Group, Amines & Plasticizers Limited, Lemon-Flex Company Limited, Bluesail Group Co. Ltd, Zhejiangjiaao Enprotech Stock Co.Ltd, Shanghai Rongou Chemical Technology Co. Ltd., Nayakem Organics Pvt. Ltd, Gapuma UK Ltd., Alphagary, Perstorp, DOMO Chemicals, MegaChem (UK) Ltd., Grupa Azoty ZAK S.A., Gazprom Neft, Krahn Chemie Group, SIBUR, GJ Chemical, The Chemical Co., Chemionics Corp., ChemCeed, Valtris, Palmer Holland Inc., Hanwha International LLC, TRInternational Inc., Broadview Technologies Inc., Lestar Química, Innospec, elekeiroz, Laxness, Linevol, BIOPOL S.A., Astra Polymers Compounding Company, Nassagi Iran Rise Alborz, Al Faisal Plastic Company, I. Plast Ltd., Chryso, Misr El-Hegaz Group, nasydco, CEMEX Egypt, Teknor Apex.
The plasticizers market report table of contents includes:
1. Executive Summary
2. Plasticizers Market Characteristics
3. Plasticizers Market Trends And Strategies
4. Plasticizers Market - Macro Economic Scenario
5. Global Plasticizers Market Size and Growth
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32. Global Plasticizers Market Competitive Benchmarking
33. Global Plasticizers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Plasticizers Market
35. Plasticizers Market Future Outlook and Potential Analysis
36. Appendix
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