Global Plasticizers
Market Report
2024
Global Plasticizers market size was USD 18.04 Billion in 2022 and it is forecasted to reach USD 28.38 Billion by 2030. Plasticizers Industry's Compound Annual Growth Rate will be 5.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Plasticizers market was valued at USD 16.35 billion in 2022 and is projected to reach USD 25.86 billion by 2030, registering a CAGR of 5.9% for the forecast period 2023-2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Plasticizers Market Sales Revenue 2022 | $ 18.04 Billion |
Global Plasticizers Market Sales Revenue 2030 | $ 28.38 Billion |
Global Plasticizers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
Market Split by Type |
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Market Split by Application |
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Market Split by Distribution Channel |
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Market Split by Product Type |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Plasticizers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Plasticizers are a substance which is added to polymer solutions to enhance flexibility and plasticity. Therefore, Plasticizers improve the polymer solution's suitability for use in several applications. Plasticizers are the most widely used additives in the plastic industry. Furthermore, increasing the concentration of plasticizers reduces the tensile strength and hardness of the material. The most commonly used plasticizers are citrates, sebacates, benzoates, trimellitates, adipates, terephthalates, and azelates. They are used in several applications like films & coating, Floor & Wall Covering, Coated Fabrics, Coated Fabrics, and others. In films and sheets, plasticizers are added to PVC to make luggage, roofing membrane, upholstery, swimming pool liners, and others. While, Plasticizer’s synthesized coated fabric offer weather resistance, and excellent durability and strength. Moreover, plasticizers are used in apparel, packaging, children’s toys, and footwear in consumer goods applications. Plasticizers offer several advantages in wires and cable production, it is a good electrical insulator with a useful temperature range, hence it is the perfect material for electric applications.
Increasing demand for plasticizers in PVC drives the growth of the Plasticizers market. PVC is the most widely used polymer, it is used in a wide range of industries like transport, packaging, building & construction, healthcare, electronics, and others. The increasing growth of these end-use industries increases the demand for PVC. However, PVC is the third biggest polymer by volume after PP and PE where plasticizers are most often utilized. Plasticizers help to convert PVC, into elastic and soft material. The plasticizer presence in PVC impacted specific physical-mechanical qualities like elastic modulus, elongation at break, hardness, and flexibility and makes them suitable for a variety of end-use like PVC films, pipes, window profiles, automotive interior trim, flooring, cables, wall covering, and roofing.
Strict government regulation and environmental policies may be expected to hinder the growth of the market. Plastic pollution affects the air, water, and land because hazardous gases and residues are produced during the manufacture and recycling of plastic. A few compounds, including phthalates and others, that are added to plastics to prevent changes in their structure might s disrupt both men's and women's hormonal balance. The ban on such phthalate compounds in some regions may decline the demand for plasticizers. For instance, FDA limits the use of certain phthalates in food packaging. Moreover, numerous animals consume plastics and which are hazardous to their health and can cause death. The majority of seabirds found plastic fragments inside of them. Strict government regulations for reducing such harms are projected to hamper the market growth. For instance, the Plastic Waste Management Amendment Rules, in India prohibited the production, stocking, importation, sale, distribution, and use of plastic carry bags with a thickness of less than 75 microns.
Plasticizers production, consumption, and waste were significantly impacted in 2020 by the COVID-19 pandemic and lockdown measures. The majority of industries minimize PVC use along with a decline in output and demand, particularly in industries that use substantial amounts of PVC, such as automobile, construction, electric & electronic. Lockdowns and border restrictions caused supply chain disruptions that lowered overall plasticizer manufacturing. In addition, because of social distance standards during COVID-19, industrial firms had to operate with a smaller staff, which had a detrimental influence on the construction and production processes.
Plasticizers manufacture and use have now restarted in several industries. The government released border restriction laws and regulations, which lessened the disturbance to business operations and the supply chain. Production has resumed, just as transportation also resumed.
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BASF launched a plasticizer based on renewable and chemically recycled feedstock.
BASF launched biomass-balanced plasticizers based on renewable raw materials under the names Palatinol® N BMB, Palatinol® 10-P BMB, Hexamoll® DINCH BMB, and Plastomoll® DOA BMB. BASF additionally launched its trusted non-phthalate plasticizer CcycledTM based on chemically recycled feedstock.
Cargill launched the bio-based plasticizer Biovero.
With the introduction of Biovero, a bio-based plasticizer, Cargill expanded its portfolio of bio-industrial solutions. This product is used for a wide range of product manufacturing applications, including the production of flooring, clothing, wires, cables, plastic films, and sheets for its industrial customers in North America.
Perstorp introduced a renewable polyol ester plasticizer Pevalen™Pro.
The non-phthalate plasticizer PevalenTMPro was launched by Perstorp, a leader in pro-environment polyols. PevalenTMPro increases PVC's sustainability irrespective of its performance or quality.
Top Companies Market Share in Plasticizers Industry: (In no particular order of Rank)
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Asia Pacific is expected to witness the highest growth rate during the forecast period.
Based on region, the market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. The plasticizer demand is increasing in the region due to the increasing consumption of PVC for automotive, construction, electrical & electronic, and chemical industries in developing countries like India and China. They need plasticizers to impart flexibility to PVC. The rising electrical and electronic sector in APAC increases the demand for wire and cables which is the largest consumer segment of plasticizers, increasing the demand for the plasticizers in region. Increasing population and industrialization further anticipated expanding the market.
The current report Scope analyzes Plasticizers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Plasticizers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Plasticizers Industry growth. Plasticizers market has been segmented with the help of its Type, Application Distribution Channel, and others. Plasticizers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Phthalate segment is expected to witness robust growth over the forecast period.
Based on the type, the market is bifurcated Phthalate and Non-Phthalate. The dominance of the phthalate segment is due to high stability, durability, low price, and excellent performance. PVC which is phthalate plasticized is used to insulate wires and cables in electrical and electronic applications. Also, phthalate plasticizers are frequently utilized for vinyl-based construction products like flooring and wall coverings for improving flexibility and durability. Some regulatory bodies approved phthalate are safe for use in some applications. For instance, the European chemical agency confirms the safe use of DINP and DIDP in all consumer applications.
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The wires and cables segment is overwhelming in the market and is expected to expand the growth of the market during the forecast period 2023-2030.
Based on application, the market is further segmented into Films & sheets, Wire & Cables, Floor & Wall Covering, Consumer Goods, Coated Fabric, and Others. The dominance of wires and cables is owing to the increasing trend of electronic devices. However, plasticized PVC used as a flame retardant in electronic devices help to reduce combustion. Wires and cables are frequently utilized to run innumerable electrical devices and appliances. From washing machines, refrigerators, televisions, and toaster ovens to increasingly popular consumer gadgets including laptops, PCs, cell phones, tablets, and other IT devices. Hence, increasing demand for electronic devices boosts the demand for the wire and cables segment in the plasticizers market.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Plasticizers Market is witnessing significant growth in the near future.
In 2023, the Phthalate segment accounted for noticeable share of global Plasticizers Market and is projected to experience significant growth in the near future.
The Films & Sheet segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BASF SE , Arkema S.A and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Phthalate, Non-Phthalate |
Application | Films & Sheet, Wire & Cables, Floor & Wall Covering, Consumer Goods, Coated Fabric, Others |
Distribution Channel | Online, Offline |
Product Type | Phthalate, Non-phthalate |
End-User | Construction and Remodeling, Electronics and Communication, Automobile and Tire Industry, Medical and Healthcare, Others |
List of Competitors | BASF SE, Dow Chemical Company, Arkema S.A, Ineos Group, ExxonMobil Chemical, Daelim Industrial Co. Ltd UPC Group, LG Chem Ltd., DIC Corporation, Nan Ya Plastics, Lanxess AG, KLJ Group, Jiangsu Zhengdan Chemical Industry Co. Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Plasticizers. Further deep in this chapter, you will be able to review Global Plasticizers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 13 Market Split by Product Type Analysis 2019 -2031
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Chapter 14 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Plasticizers market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Phthalate have a significant impact on Plasticizers market? |
What are the key factors affecting the Phthalate and Non-Phthalate of Plasticizers Market? |
What is the CAGR/Growth Rate of Films & Sheet during the forecast period? |
By type, which segment accounted for largest share of the global Plasticizers Market? |
Which region is expected to dominate the global Plasticizers Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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