Plasticizers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Plasticizers Market
The plasticizers market size was valued at USD 17.34 billion in 2023, and the market is now projected to grow from USD 17.99 billion in 2024 to USD 23.88 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period of 2024-2032.
Pandemic impacted the plasticizers market growth, due to disruptions, raw material shortages and decreased manufacturing capacity. The automotive and production industries also experienced decreased demand for plastic products. Short-term demand for personal protective equipment and clinical resources fueled plasticizer demand.
Plasticizers are chemical components that decorate the electricity, sturdiness, and workability of plastics, making them widely utilized in industries like production, automobile, and packaging. They improve concrete and mortar's workability by using reducing water content material and energy consumption. In cars, they decorate electricity, effect resistance, and thermal stability in dashboards, door panels, and bumpers. The call for plasticizers is predicted to hold, with green and sustainable alternatives developing new increase opportunities.
The international plasticizers industry is transferring toward non-phthalate-based totally options due to growing consciousness of the damaging consequences of phthalates on human health and the environment. These options are more secure, biodegradable, and much less poisonous, making them a sustainable desire. Government policies, purchaser demand, and corporate sustainability initiatives have driven this shift. As more groups adopt sustainable practices, the worldwide plasticizers enterprise is expected to develop, developing new possibilities for revolutionary and eco-friendly plasticizer improvement.
Comprehensive Analysis of Plasticizers Market
The market is break up into phthalates and non-phthalates. Phthalates are chemical components applied in plastic production, making them bendy, durable, and proof in opposition to put on and tear. They are famous in industries like creation, automobile, packaging, and medical. Non-phthalate plasticizers are utilized in various industries due to their versatility and protection, imparting flexibility and sturdiness. The twine and cable phase is the dominant market proportion, with a massive call for plasticizer solutions. Non-phthalate plasticizers are famous due to their safety and effectiveness, developing wonderful PVC insulation and jacketing for wires and cables. The flooring and wall protecting phase is anticipated to grow hastily because of the usage of plasticizers in these industries. Phthalate-loose plasticizers are favored because of their protection, making them appropriate for residential, industrial, and industrial areas. This boom is expected to boost the plasticizer marketplace inside the coming years.
The Asia Pacific region lead the plasticizers market share by benefitting a market size of USD 10.26 billion in 2023 due to growing construction industry, urbanization, and disposable income of the population.
BASF SE, Exxon Mobil Corporation, Eastman Chemical Company, Evonik Industries AG, and Avient Corporation are essential players within the area of expertise chemical materials and petrochemicals market. Other key players embody Nan Ya Plastics Corporation, UPC, LG Chem Ltd and Avient Corporation.
KLJ Group invested USD 145.0 million in a new manufacturing facility in India. This facility can produce 100,000 tonnes of plasticizer and 50,000 tonnes of phthalic anhydride yearly
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 4.1% from 2023 to 2030
Unit Value (USD Billion); Volume (Million Ton)
Segmentation By Type
Phthalates
Non-Phthalates
By Application
Wire & Cable
Flooring & Wall Covering
Film & Sheet
Consumer Goods
Coated Fabrics
Others
By Geography
North America (By Type, By Application, and By Country)
U.S. (By Application)
Canada (By Application)
Europe (By Type, By Application, and By Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, By Application, and By Country)
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Type, By Application, and By Country)
Mexico (By Application)
Brazil (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Type, By Application, and By Country)
GCC (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Plasticizers Market
- 5.1. Supply Chain Analysis & Challenges due to Covid-19
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Plasticizers Market Analysis, Insights and Forecast, 2017-2030
- 6.1. Key Findings / Summary
- 6.2. By Type (Value and Volume)
- 6.2.1. Phthalates
- 6.2.2. Non-Phthalates
- 6.3. By Application (Value and Volume)
- 6.3.1. Wire & Cable
- 6.3.2. Flooring & Wall Covering
- 6.3.3. Film & Sheet
- 6.3.4. Consumer Goods
- 6.3.5. Coated Fabrics
- 6.3.6. Others
- 6.4. By Region (Value and Volume)
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Plasticizers Market Analysis, Insights and Forecast, 2017-2030
- 7.1. Key Findings / Summary
- 7.2. By Type (Value and Volume)
- 7.2.1. Phthalates
- 7.2.2. Non-Phthalates
- 7.3. By Application (Value and Volume)
- 7.3.1. Wire & Cable
- 7.3.2. Flooring & Wall Covering
- 7.3.3. Film & Sheet
- 7.3.4. Consumer Goods
- 7.3.5. Coated Fabrics
- 7.3.6. Others
- 7.4. By Country (Value and Volume)
- 7.4.1. U.S
- 7.4.1.1. By Application (Value and Volume)
- 7.4.1.1.1. Wire & Cable
- 7.4.1.1.2. Flooring & Wall Covering
- 7.4.1.1.3. Film & Sheet
- 7.4.1.1.4. Consumer Goods
- 7.4.1.1.5. Coated Fabrics
- 7.4.1.1.6. Others
- 7.4.2. Canada
- 7.4.2.1. By Application (Value and Volume)
- 7.4.2.1.1. Wire & Cable
- 7.4.2.1.2. Flooring & Wall Covering
- 7.4.2.1.3. Film & Sheet
- 7.4.2.1.4. Consumer Goods
- 7.4.2.1.5. Coated Fabrics
- 7.4.2.1.6. Others
- 8. Europe Plasticizers Market Analysis, Insights and Forecast, 2017-2030
- 8.1. Key Findings / Summary
- 8.2. By Type (Value and Volume)
- 8.2.1. Phthalates
- 8.2.2. Non-Phthalates
- 8.3. By Application (Value and Volume)
- 8.3.1. Wire & Cable
- 8.3.2. Flooring & Wall Covering
- 8.3.3. Film & Sheet
- 8.3.4. Consumer Goods
- 8.3.5. Coated Fabrics
- 8.3.6. Others
- 8.4. By Country (Value and Volume)
- 8.4.1. Germany
- 8.4.1.1. By Application (Value and Volume)
- 8.4.1.1.1. Wire & Cable
- 8.4.1.1.2. Flooring & Wall Covering
- 8.4.1.1.3. Film & Sheet
- 8.4.1.1.4. Consumer Goods
- 8.4.1.1.5. Coated Fabrics
- 8.4.1.1.6. Others
- 8.4.2. U.K.
- 8.4.2.1. By Application (Value and Volume)
- 8.4.2.1.1. Wire & Cable
- 8.4.2.1.2. Flooring & Wall Covering
- 8.4.2.1.3. Film & Sheet
- 8.4.2.1.4. Consumer Goods
- 8.4.2.1.5. Coated Fabrics
- 8.4.2.1.6. Others
- 8.4.3. France
- 8.4.3.1. By Application (Value and Volume)
- 8.4.3.1.1. Wire & Cable
- 8.4.3.1.2. Flooring & Wall Covering
- 8.4.3.1.3. Film & Sheet
- 8.4.3.1.4. Consumer Goods
- 8.4.3.1.5. Coated Fabrics
- 8.4.3.1.6. Others
- 8.4.4. Italy
- 8.4.4.1. By Application (Value and Volume)
- 8.4.4.1.1. Wire & Cable
- 8.4.4.1.2. Flooring & Wall Covering
- 8.4.4.1.3. Film & Sheet
- 8.4.4.1.4. Consumer Goods
- 8.4.4.1.5. Coated Fabrics
- 8.4.4.1.6. Others
- 8.4.5. Rest of Europe
- 8.4.5.1. By Application (Value and Volume)
- 8.4.5.1.1. Wire & Cable
- 8.4.5.1.2. Flooring & Wall Covering
- 8.4.5.1.3. Film & Sheet
- 8.4.5.1.4. Consumer Goods
- 8.4.5.1.5. Coated Fabrics
- 8.4.5.1.6. Others
- 9. Asia-Pacific Plasticizers Market Analysis, Insights and Forecast, 2017-2030
- 9.1. Key Findings / Summary
- 9.2. By Type (Value and Volume)
- 9.2.1. Phthalates
- 9.2.2. Non-Phthalates
- 9.3. By Application (Value and Volume)
- 9.3.1. Wire & Cable
- 9.3.2. Flooring & Wall Covering
- 9.3.3. Film & Sheet
- 9.3.4. Consumer Goods
- 9.3.5. Coated Fabrics
- 9.3.6. Others
- 9.4. By Country (Value and Volume)
- 9.4.1. China
- 9.4.1.1. By Application (Value and Volume)
- 9.4.1.1.1. Wire & Cable
- 9.4.1.1.2. Flooring & Wall Covering
- 9.4.1.1.3. Film & Sheet
- 9.4.1.1.4. Consumer Goods
- 9.4.1.1.5. Coated Fabrics
- 9.4.1.1.6. Others
- 9.4.2. Japan
- 9.4.2.1. By Application (Value and Volume)
- 9.4.2.1.1. Wire & Cable
- 9.4.2.1.2. Flooring & Wall Covering
- 9.4.2.1.3. Film & Sheet
- 9.4.2.1.4. Consumer Goods
- 9.4.2.1.5. Coated Fabrics
- 9.4.2.1.6. Others
- 9.4.3. India
- 9.4.3.1. By Application (Value and Volume)
- 9.4.3.1.1. Wire & Cable
- 9.4.3.1.2. Flooring & Wall Covering
- 9.4.3.1.3. Film & Sheet
- 9.4.3.1.4. Consumer Goods
- 9.4.3.1.5. Coated Fabrics
- 9.4.3.1.6. Others
- 9.4.4. South Korea
- 9.4.4.1. By Application (Value and Volume)
- 9.4.4.1.1. Wire & Cable
- 9.4.4.1.2. Flooring & Wall Covering
- 9.4.4.1.3. Film & Sheet
- 9.4.4.1.4. Consumer Goods
- 9.4.4.1.5. Coated Fabrics
- 9.4.4.1.6. Others
- 9.4.5. Rest of Asia Pacific
- 9.4.5.1. By Application (Value and Volume)
- 9.4.5.1.1. Wire & Cable
- 9.4.5.1.2. Flooring & Wall Covering
- 9.4.5.1.3. Film & Sheet
- 9.4.5.1.4. Consumer Goods
- 9.4.5.1.5. Coated Fabrics
- 9.4.5.1.6. Others
- 10. Latin America Plasticizers Market Analysis, Insights and Forecast, 2017-2030
- 10.1. Key Findings / Summary
- 10.2. By Type (Value and Volume)
- 10.2.1. Phthalates
- 10.2.2. Non-Phthalates
- 10.3. By Application (Value and Volume)
- 10.3.1. Wire & Cable
- 10.3.2. Flooring & Wall Covering
- 10.3.3. Film & Sheet
- 10.3.4. Consumer Goods
- 10.3.5. Coated Fabrics
- 10.3.6. Others
- 10.4. By Country (Value and Volume)
- 10.4.1. Mexico
- 10.4.1.1. By Application (Value and Volume)
- 10.4.1.1.1. Wire & Cable
- 10.4.1.1.2. Flooring & Wall Covering
- 10.4.1.1.3. Film & Sheet
- 10.4.1.1.4. Consumer Goods
- 10.4.1.1.5. Coated Fabrics
- 10.4.1.1.6. Others
- 10.4.2. Brazil
- 10.4.2.1. By Application (Value and Volume)
- 10.4.2.1.1. Wire & Cable
- 10.4.2.1.2. Flooring & Wall Covering
- 10.4.2.1.3. Film & Sheet
- 10.4.2.1.4. Consumer Goods
- 10.4.2.1.5. Coated Fabrics
- 10.4.2.1.6. Others
- 10.4.3. Rest of Latin America
- 10.4.3.1. By Application (Value and Volume)
- 10.4.3.1.1. Wire & Cable
- 10.4.3.1.2. Flooring & Wall Covering
- 10.4.3.1.3. Film & Sheet
- 10.4.3.1.4. Consumer Goods
- 10.4.3.1.5. Coated Fabrics
- 10.4.3.1.6. Others
- 11. Middle East & Africa Plasticizers Market Analysis, Insights and Forecast, 2017-2030
- 11.1. Key Findings / Summary
- 11.2. By Type (Value and Volume)
- 11.2.1. Phthalates
- 11.2.2. Non-Phthalates
- 11.3. By Application (Value and Volume)
- 11.3.1. Wire & Cable
- 11.3.2. Flooring & Wall Covering
- 11.3.3. Film & Sheet
- 11.3.4. Consumer Goods
- 11.3.5. Coated Fabrics
- 11.3.6. Others
- 11.4. By Country (Value and Volume)
- 11.4.1. GCC
- 11.4.1.1. By Application (Value and Volume)
- 11.4.1.1.1. Wire & Cable
- 11.4.1.1.2. Flooring & Wall Covering
- 11.4.1.1.3. Film & Sheet
- 11.4.1.1.4. Consumer Goods
- 11.4.1.1.5. Coated Fabrics
- 11.4.1.1.6. Others
- 11.4.2. South Africa
- 11.4.2.1. By Application (Value and Volume)
- 11.4.2.1.1. Wire & Cable
- 11.4.2.1.2. Flooring & Wall Covering
- 11.4.2.1.3. Film & Sheet
- 11.4.2.1.4. Consumer Goods
- 11.4.2.1.5. Coated Fabrics
- 11.4.2.1.6. Others
- 11.4.3. Rest of Middle East and Africa
- 11.4.3.1. By Application (Value and Volume)
- 11.4.3.1.1. Wire & Cable
- 11.4.3.1.2. Flooring & Wall Covering
- 11.4.3.1.3. Film & Sheet
- 11.4.3.1.4. Consumer Goods
- 11.4.3.1.5. Coated Fabrics
- 11.4.3.1.6. Others
- 12. Company Profiles
- 12.1. BASF SE (Germany)
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Type Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Exxon Mobil Corporation (U.S.)
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Type Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Eastman Chemical Company (U.S.)
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Type Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Evonik Industries AG (Germany)
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Type Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Nan Ya Plastics Corporation (Taiwan)
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Type Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. UPC Technology Corporation (Taiwan)
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Type Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. LG Chem Ltd. (South Korea)
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Type Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Aekyung Chemical (South Korea)
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Type Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Kao Corporation (Japan)
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Type Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Avient Corporation (U.S.)
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Type Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook