Report Ocean presents a comprehensive research report on Plasticizers, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Plasticizers.
The global plasticizers market size was US$ 14.9 billion in 2021. The global plasticizers market size is forecast to reach US$ 26.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2032.
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Plasticizers are additives that are used to give final products like plastics and other materials more flexibility, softness, viscosity, or other qualities. Dispersing agents, dispersants, softeners, or super-plasticizers are other names for plasticizers. The majority of plasticizers are used in the production of flexible PVC, popularly known as vinyl. This flexible PVC is utilized in many products, including artificial leather products, electrical cable and wire insulation, flooring and wall coverings, roofing membranes, and automotive applications. Some plasticizers are also found in professional-grade rubber products, paints, printing inks, adhesives, and sealants.
Factors Influencing Market Growth
The increase in demand for flexible PVC in different applications, rise in adoption of non-phthalate & high molecular weight phthalate plasticizers, and growing packaging industries drive the global market.
The stringent regulatory bans on some phthalates and the toxicity of PVC may slow down the overall market growth.
The constant innovation in plasticizers resulting in the generation of bio-base plasticizers and growing R&D activities for constructing new applications by different market players are forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. This resulted in transportation restrictions, which in turn led to decreased industrial production and disrupted supply chains, which significantly impacted market growth. Furthermore, the manufacturing firms during COVID-19 operated with limited staff due to social distance rules, which adversely hampered the production and construction processes.
Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising construction activities, growing infrastructure development, and a surge in the adoption of plasticizers by various end-users. In addition, the increasing automotive sector and a rise in R&D initiatives for inventions. Thus, these factors boost the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global plasticizers market are:
Arkema S.A.
BASF SE
Daelim Industrial Co. Ltd.
Dow Chemical Company
LG Chem Ltd.
Evonik Industries AG
ExxonMobil Chemical
Eastman Chemical Company
Ineos Group
UPC Group
Other Prominent Players
Scope of the Report
The global plasticizers market segmentation focuses on Product Type, Application, and Region.
Segmentation based on Product Type
Phthalates
Terephthalates
Epoxides
Phosphates
Extenders
Trimellitates
Others
Segmentation based on Application
Film and Sheet Coverings
Wires and Cables
Coated Fabrics
Consumer Goods
Flooring and Wall
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: Plasticizers Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Plasticizers Market is projected to reach US$ 26.1 billion by the end of 2030 from US$ 14.9 billion in 2021, at a CAGR of 5.1%
Meta Keywords: plasticizers market Size, plasticizers market share, plasticizers market trend, plasticizers market Forecast, plasticizers market insight
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