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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 24.1 Billion by 2029 | 5.6% | Asia Pacific |
| by Type | by Application | by Region |
|---|---|---|
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|
|
SCOPE OF THE REPORT
Plasticizers Market Overview
The plasticizers market is expected to grow at 5.6% CAGR from 2022 to 2029. It is expected to reach above USD 24.1 Billion by 2029 from USD 15.1 Billion in 2020.
Plasticizers are chemicals that are added to plastics to make them more flexible and durable. They are widely utilised in a variety of industries, including construction, automotive, packaging, and textiles. The global plasticizers market has been steadily growing, owing to rising demand for flexible PVC products and the expansion of end-use industries. Urbanization, infrastructural development, and customer preferences for lightweight and durable materials all contribute to market growth.
Environmental issues and regulatory scrutiny are also posing obstacles to the plasticizers sector. Some traditional plasticizers, such as phthalates, have raised health and environmental concerns, fueling demand for bio-based and environmentally friendly replacements. Non-phthalate and bio-based plasticizer development provides market participants with opportunity to fulfil the growing need for sustainable and safer solutions.
The increasing demand for flexible PVC goods is one of the primary reasons driving the growth of the plasticizers industry. Plasticizers are needed to improve the flexibility and performance of flexible PVC, which is widely utilised in applications such as cables, floors, and vehicle interiors. The expanding construction and automotive industries, particularly in emerging nations, have contributed to an increase in demand for flexible PVC goods, fueling plasticizer demand.
Another key driver in the plasticizers market is the growing demand for environmentally friendly and sustainable plasticizers. With growing environmental concerns and hazardous chemical laws, there is a growing preference for non-phthalate and bio-based plasticizers. These environmentally friendly alternatives, obtained from renewable sources, are less hazardous and have a lesser environmental impact. Consumer awareness, government laws, and the demand for more ecologically friendly products in numerous industries are driving the shift towards sustainable plasticizers.
The plasticizers market presents several market opportunities due to the increasing demand for flexible PVC products in various industries such as construction, automotive, packaging, electronics, and textiles. Additionally, the growing focus on sustainable and eco-friendly plasticizers opens avenues for innovation and development of new products. Market players can capitalize on these opportunities by offering innovative, environmentally friendly plasticizers that meet regulatory requirements and address the evolving needs of end-users.
Concerns regarding the environmental effect and health problems linked with particular types of plasticizers are two major market barriers for plasticizers. Regulatory restrictions on the use of some plasticizers, such as phthalates, can also offer market obstacles. Furthermore, the development of alternative materials and technologies that can replace or lessen the need for plasticizers may have an impact on future demand for these compounds.
The COVID-19 pandemic has had an influence on the plasticizers business. Lockdown restrictions and interrupted supply chains reduced demand in industries such as automotive, construction, and packaging. However, the market has demonstrated resiliency as limitations have been gradually eased and economic activity has resumed. The growing emphasis on hygiene and safety in packaging materials, as well as rising demand for medical supplies, are likely to support the plasticizers market’s recovery and future expansion.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Kilotons). |
| Segmentation | By Type, By Application, By Region |
| By Type
|
|
| By Application
|
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| By Region
|
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Plasticizers Market Segment Analysis
The plasticizers market is segmented based on type, application and region.
Based on type, the plasticizers market can be segmented based on type into phthalates, non-phthalates, and others. Phthalates have been traditionally dominant due to their cost-effectiveness, while non-phthalates are gaining popularity due to regulatory concerns and environmental considerations. The “others” category includes specialty plasticizers that cater to specific application requirements, such as high temperature resistance or low volatility.
By the application, the plasticizers market can be segmented based on various applications. In the context of flooring and wall coverings, films and sheets, coated and cables, and consumer goods, plasticizers are used to enhance the flexibility, durability, and performance of these products. Plasticizers play a crucial role in improving the workability and functionality of materials used in these segments.
Plasticizers Market Players
The Plasticizers market key players BASF, Eastman Chemical Company, Exxon Mobil Corporation, LG Chem Ltd, Evonik Industries AG, Dow Chemical Company, Mitsubishi Chemical Corporation, Arkema SA, LANXESS AG, Perstorp Holding AB, UPC Technology Corporation, KLJ Group, DIC Corporation.
Recent Developments:
May 25, 2023 — Dow and New Energy Blue announced a long-term supply agreement in North America in which New Energy Blue will create bio-based ethylene from renewable agricultural residues. Dow expects to purchase this bio-based ethylene, reducing carbon emissions from plastic production, and using it in recyclable applications across transportation, footwear, and packaging.
30 January 2024 — Perstorp announced the launch of Pevalen™ Pro 100, marking a new era in PVC plasticizing technology. The new grade of Pevalen features 100% renewable carbon content based on mass balance, applying chemical and physical traceability. By factoring in the biogenic CO2 uptake* from its renewable raw materials, Pevalen Pro 100 offers a product carbon footprint reduction of approximately 80% relative to its fossil-based equivalent from cradle to Perstorp gate.
May 8, 2023: Evonik doubled its global capacity for VESTAMID® E, polyether block amide (PEBA), with a twofold approach that included a major expansion of its production plant at the Multi-User-Site (MUSC) in Shanghai and an optimization project at its production facility in Marl, Germany. Construction at the Shanghai site started in Fall 2023, and it increased the company’s ability for the polymerization of PEBA, a key step in producing the raw material. This expansion was in response to the high demand for PEBA in the global athletic footwear market…
February 28, 2022: – At Chinaplas 2023, BASF showcased a shoe part made with Elastopan® polyurethane (PU) using cold-curing technology. According to a Life-Cycle Assessment (LCA) study of the shoe part by Intertek, the cold-curing technology significantly reduced greenhouse gas emissions, water consumption, and energy consumption during production…
Who Should Buy? Or Key Stakeholders
- Manufacturers of cleaning and Detergents
- Regulatory Authorities
- Research and Development Community
- Environmental and Consumer Advocacy Groups
- Investors
- Architects and Engineers
Plasticizers Market Regional Analysis
The Plasticizers market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The market for plasticizers in Asia Pacific is sizable and expanding holds 48% of total market size. The Asia Pacific region is a significant market for plasticizers. It is driven by the rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Southeast Asian nations. The increasing demand for flexible PVC products in construction, automotive, and packaging industries fuels the market growth. Additionally, stringent regulations on phthalate-based plasticizers have led to the rise of eco-friendly and bio-based plasticizers in the region, creating opportunities for sustainable solutions.
The North American plasticizers market is experiencing steady growth driven by the increasing demand for flexible PVC products across various industries such as construction, automotive, and packaging. The market is expected to expand further in the coming years, supported by technological advancements and a focus on sustainable and eco-friendly plasticizers.
Key Market Segments: Plasticizers Market
Plasticizers Market by Type, 2020-2029, (USD Billion), (Kilotons).
- Phthalates
- Terephthalates
- Trimellitates
- Epoxides
- Phosphates
- Sebacates
- Extenders
- Aliphatic Dibasic
Plasticizers Market by Application, 2020-2029, (USD Billion), (Kilotons).
- Flooring & Wall Coverings
- Films & Sheets
- Coated Fabrics
- Wires & Cables
- Consumer Goods
Plasticizers Market by Region, 2020-2029, (USD Billion), (Kilotons).
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new Type
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the plasticizers market over the next 7 years?
- Who are the major players in the plasticizers market and what is their market share?
- What are the application industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, And Africa?
- How is the economic environment affecting the plasticizers market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the plasticizers market?
- What is the current and forecasted size and growth rate of the global plasticizers market?
- What are the key drivers of growth in the plasticizers market?
- What are the distribution channels and supply chain dynamics in the plasticizers market?
- What are the technological advancements and innovations in the plasticizers market and their impact on type development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the plasticizers market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the plasticizers market?
- What are the type offerings and specifications of leading players in the market?
- What is the pricing trend of plasticizers in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL PLASTICIZERS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON PLASTICIZERS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL PLASTICIZERS MARKET OUTLOOK
- GLOBAL PLASTICIZERS MARKET BY TYPE (USD BILLION, KILOTONS)
- PHTHALATES
- TEREPHTHALATES
- TRIMELLITATES
- EPOXIDES
- PHOSPHAES
- SEBACATES
- EXTENDERS
- ALIPHATIC DIBASIC
- GLOBAL PLASTICIZERS MARKET BY APPLICATION (USD BILLION, KILOTONS)
- FLOORING & WALL COVERINGS
- FILMS & SHEETS
- COATED FABRICS
- WIRES & CABLES
- CONSUMER GOODS
- GLOBAL PLASTICIZERS MARKET BY REGION (USD BILLION, KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- BASF
- EASTMAN CHEMICAL COMPANY
- EXXON MOBIL CORPORATION
- LG CHEM LTD
- EVONIK INDUSTRIES AG
- DOW CHEMICAL COMPANY
- MITSUBISHI CHEMICAL CORPORATION
- ARKEMA SA
- LANXESS AG
- PERSTORP HOLDINGS AB
- UPC TECHNOLOGY CORPORATION
- KLJ GROUP
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 3 GLOBAL PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4 GLOBAL PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 5 GLOBAL PLASTICIZERS MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6 GLOBAL PLASTICIZERS MARKET BY REGION (KILOTONS), 2020-2029
TABLE 7 NORTH AMERICA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 8 NORTH AMERICA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 9 NORTH AMERICA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 11 NORTH AMERICA PLASTICIZERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA PLASTICIZERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 13 US PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 14 US PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 15 US PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16 US PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 17 CANADA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18 CANADA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 19 CANADA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20 CANADA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 21 MEXICO PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 22 MEXICO PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 23 MEXICO PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24 MEXICO PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 25 SOUTH AMERICA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 26 SOUTH AMERICA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 27 SOUTH AMERICA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 SOUTH AMERICA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 29 SOUTH AMERICA PLASTICIZERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 30 SOUTH AMERICA PLASTICIZERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 31 BRAZIL PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 32 BRAZIL PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 33 BRAZIL PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 BRAZIL PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 35 ARGENTINA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36 ARGENTINA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 37 ARGENTINA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38 ARGENTINA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 39 COLOMBIA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 40 COLOMBIA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 41 COLOMBIA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42 COLOMBIA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 43 REST OF SOUTH AMERICA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44 REST OF SOUTH AMERICA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 45 REST OF SOUTH AMERICA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46 REST OF SOUTH AMERICA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 47 ASIA-PACIFIC PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 48 ASIA-PACIFIC PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 49 ASIA-PACIFIC PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50 ASIA-PACIFIC PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 51 ASIA-PACIFIC PLASTICIZERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52 ASIA-PACIFIC PLASTICIZERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 53 INDIA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 54 INDIA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 55 INDIA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56 INDIA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 57 CHINA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 58 CHINA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 59 CHINA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 CHINA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 61 JAPAN PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62 JAPAN PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 63 JAPAN PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64 JAPAN PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 65 SOUTH KOREA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 66 SOUTH KOREA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 67 SOUTH KOREA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68 SOUTH KOREA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 69 AUSTRALIA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 70 AUSTRALIA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 71 AUSTRALIA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72 AUSTRALIA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 73 SOUTH EAST ASIA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 74 SOUTH EAST ASIA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 75 SOUTH EAST ASIA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76 SOUTH EAST ASIA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 77 REST OF ASIA PACIFIC PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 78 REST OF ASIA PACIFIC PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 79 REST OF ASIA PACIFIC PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 REST OF ASIA PACIFIC PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 81 EUROPE PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82 EUROPE PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 83 EUROPE PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84 EUROPE PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 85 EUROPE PLASTICIZERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86 EUROPE PLASTICIZERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 87 GERMANY PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88 GERMANY PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 89 GERMANY PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90 GERMANY PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 91 UK PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 92 UK PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 93 UK PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94 UK PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 95 FRANCE PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 96 FRANCE PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 97 FRANCE PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 FRANCE PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 99 ITALY PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100 ITALY PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 101 ITALY PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102 ITALY PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 103 SPAIN PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 104 SPAIN PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 105 SPAIN PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106 SPAIN PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 107 RUSSIA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 108 RUSSIA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 109 RUSSIA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110 RUSSIA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 111 REST OF EUROPE PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112 REST OF EUROPE PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 113 REST OF EUROPE PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114 REST OF EUROPE PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 115 MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 116 MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 117 MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118 MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 119 MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120 MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 121 UAE PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 122 UAE PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 123 UAE PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124 UAE PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 125 SAUDI ARABIA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126 SAUDI ARABIA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 127 SAUDI ARABIA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128 SAUDI ARABIA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 129 SOUTH AFRICA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 130 SOUTH AFRICA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 131 SOUTH AFRICA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132 SOUTH AFRICA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 133 REST OF MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 134 REST OF MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 135 REST OF MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 REST OF MIDDLE EAST AND AFRICA PLASTICIZERS MARKET BY APPLICATION (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL PLASTICIZERS MARKET BY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL PLASTICIZERS MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10 GLOBAL PLASTICIZERS MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL PLASTICIZERS MARKET BY TYPE, USD BILLION, 2021
FIGURE 13 GLOBAL PLASTICIZERS MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 14 GLOBAL PLASTICIZERS MARKET BY REGION, USD BILLION, 2021
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 BASF: COMPANY SNAPSHOT
FIGURE 17 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
FIGURE 18 EXXON MOBIL CORPORAITON: COMPANY SNAPSHOT
FIGURE 19 LG CHEM LTD: COMPANY SNAPSHOT
FIGURE 20 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
FIGURE 21 DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
FIGURE 22 MITSUBISHI CHEMICAL CORPORAITON: COMPANY SNAPSHOT
FIGURE 23 ARKEMA SA: COMPANY SNAPSHOT
FIGURE 24 LANXESS AG: COMPANY SNAPSHOT
FIGURE 25 PERSTORP HOLDING AB: COMPANY SNAPSHOT
FIGURE 26 UPC TECHNOLOGY CORPORATION: COMPANY SNAPSHOT
FIGURE 27 KLJ GROUP: COMPANY SNAPSHOT
FAQ
The plasticizers market is expected to grow at 5.6% CAGR from 2022 to 2029. It is expected to reach above USD 24.1 Billion by 2029 from USD 15.1 Billion in 2020.
Asia Pacific held more than 48% of the plasticizers market revenue share in 2021 and will witness expansion in the forecast period.
The increasing demand for flexible PVC goods is one of the primary reasons driving the growth of the plasticizers industry. Plasticizers are needed to improve the flexibility and performance of flexible PVC, which is widely utilised in applications such as cables, floors, and vehicle interiors. The expanding construction and automotive industries, particularly in emerging nations, have contributed to an increase in demand for flexible PVC goods, fueling plasticizer demand.
Based on type, the plasticizers market can be segmented based on type into phthalates, non-phthalates, and others. Phthalates have been traditionally dominant due to their cost-effectiveness, while non-phthalates are gaining popularity due to regulatory concerns and environmental considerations. The “others” category includes specialty plasticizers that cater to specific application requirements, such as high temperature resistance or low volatility.
The market for plasticizers in Asia Pacific is sizable and expanding holds 48% of total market size. The Asia Pacific region is a significant market for plasticizers. It is driven by the rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Southeast Asian nations. The increasing demand for flexible PVC products in construction, automotive, and packaging industries fuels the market growth. Additionally, stringent regulations on phthalate-based plasticizers have led to the rise of eco-friendly and bio-based plasticizers in the region, creating opportunities for sustainable solutions.
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