The plasticizers market size is poised to grow by $26.01 billion by 2032 from $ 16.91 billion in 2023, exhibiting a CAGR of 4.90% during the forecast period 2023-2032.
Key Takeaways
- North America contributed more than 47% of revenue share in 2022.
- Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By type, the phthalates segment segment has held the largest market share of 34% in 2022.
- By type, the aliphatic dibasic esters segment is anticipated to grow at a remarkable CAGR of 5.2% between 2023 and 2032.
- By application, the wires & cables segment generated over 31% of revenue share in 2022.
- By application, the consumer goods segment is expected to expand at the fastest CAGR over the projected period.
The Plasticizers Market is a dynamic sector that plays a crucial role in the global chemical industry. Plasticizers are additives incorporated into polymers to enhance their flexibility, durability, and processing characteristics. The market has witnessed significant growth in recent years due to the rising demand for flexible PVC (polyvinyl chloride) in various applications, including construction, automotive, and packaging.
One of the key drivers contributing to the growth of the Plasticizers Market is the booming construction industry. As urbanization continues to accelerate worldwide, there is an increased need for construction materials with superior performance and versatility. Plasticizers enable the production of flexible and resilient PVC, widely used in applications such as pipes, cables, and flooring within the construction sector. The expanding construction activities, particularly in emerging economies, propel the demand for plasticizers.
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The automotive industry also plays a pivotal role in the Plasticizers Market’s expansion. With a growing emphasis on lightweight and fuel-efficient vehicles, manufacturers are increasingly adopting PVC-based materials with the aid of plasticizers. These additives enhance the mechanical properties of automotive components, contributing to fuel efficiency and overall sustainability. The rising global automotive production, coupled with stringent regulations on vehicle emissions, continues to drive the demand for plasticizers.
Moreover, the packaging industry is a significant contributor to the Plasticizers Market’s growth. Flexible packaging materials, such as films and sheets, extensively use plasticized PVC to achieve desirable properties like stretchability and sealability. The surge in online shopping and the food and beverage sector’s evolving packaging requirements further amplify the demand for plasticizers. Additionally, technological advancements in packaging materials contribute to the market’s expansion, as manufacturers seek innovative solutions that offer both functionality and sustainability.
Environmental concerns and regulations have led to the development of bio-based and eco-friendly plasticizers, opening new avenues for growth in the market. As sustainability becomes a focal point for industries globally, the demand for non-phthalate and renewable plasticizers is on the rise. Manufacturers are investing in research and development to create environmentally friendly alternatives, addressing both regulatory requirements and consumer preferences.
Plasticizers Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 16.91 Billion |
| Market Size by 2032 | USD 26.01 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.90% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Phthalates and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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By Phthalates:
-
- Dimethyl Phthalate (DMP): This is a common phthalate used as a plasticizer, primarily in cellulose-based plastics.
- Diethyl Phthalate (DEP): DEP is widely used in personal care products, adhesives, and as a plasticizer for cellulose plastics.
- Dibutyl Phthalate (DBP): DBP is commonly employed in the production of flexible plastics, making it a key component in various applications.
By Application:
-
- Construction Materials: Plasticizers play a crucial role in enhancing the flexibility and workability of concrete, making them essential in construction materials.
- Automotive: In the automotive industry, plasticizers are used to improve the flexibility of materials such as PVC, which is widely used in car interiors.
- Consumer Goods: Many consumer goods, including toys, footwear, and bags, utilize plasticizers to achieve the desired flexibility and durability.
- Packaging: Plasticizers are commonly employed in the production of flexible packaging materials, ensuring they remain pliable and resilient.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Plasticizers Market Players
- BASF SE
- Eastman Chemical Company
- ExxonMobil Corporation
- Dow Inc.
- Evonik Industries AG
- LG Chem Ltd.
- Arkema SA
- LANXESS AG
- UPC Group
- Perstorp Holding AB
- KLJ Group
- Shandong Qilu Plasticizers Co. Ltd.
- ADEKA Corporation
- Nan Ya Plastics Corporation
- Bluesail Chemical Group Co., Ltd.
Segments Covered in the Report
By Phthalates
- Terephthalates
- Trimellitates
- Epoxides
- Phosphates
- Sebacates
- Extenders
- Aliphatic Dibasic Esters
- Others
By Application
- Flooring & Wall
- Film & Sheet Coverings
- Wires & Cables
- Coated Fabrics
- Consumer Goods
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Plasticizers Market
5.1. COVID-19 Landscape: Plasticizers Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Plasticizers Market, By Phthalates
8.1. Plasticizers Market Revenue and Volume, by Phthalates, 2023-2032
8.1.1. Terephthalates
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Trimellitates
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Epoxides
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Phosphates
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Sebacates
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
8.1.6. Extenders
8.1.6.1. Market Revenue and Volume Forecast (2020-2032)
8.1.7. Aliphatic Dibasic Esters
8.1.7.1. Market Revenue and Volume Forecast (2020-2032)
8.1.8. Others
8.1.8.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Plasticizers Market, By Application
9.1. Plasticizers Market Revenue and Volume, by Application, 2023-2032
9.1.1. Flooring & Wall
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Film & Sheet Coverings
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Wires & Cables
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Coated Fabrics
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
9.1.5. Consumer Goods
9.1.5.1. Market Revenue and Volume Forecast (2020-2032)
9.1.6. Others
9.1.6.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Plasticizers Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.1.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.1.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.1.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.2.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.2.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.2.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.2.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.2.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.3.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.3.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.3.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.3.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.4.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.4.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.4.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.4.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.5.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Phthalates (2020-2032)
10.5.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. BASF SE
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Eastman Chemical Company
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. ExxonMobil Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Dow Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Evonik Industries AG
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. LG Chem Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Arkema SA
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. LANXESS AG
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. UPC Group
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Perstorp Holding AB
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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