USD 17.97 Billion
Plasticizers Market Size, Share, and Growth Analysis
Plasticizers Market By Type (Phthalate, Non-Phthalate), By Application (Wires & Cables, Floorings & Wall Coverings, Films & Sheets, Coated Fabrics, Consumer Goods), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2251 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
72
|Figures:
75
Format -
Plasticizers Market Insights
Plasticizers Market size was valued at USD 17.97 Billion in 2023 and is poised to grow from USD 18.99 Billion in 2024 to USD 29.60 Billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
Plasticizers are essential additives used to enhance the flexibility, softness, workability, and volatility of plasticized materials. They can be internal or external, depending on the modifications they bring to the materials they are added to. External plasticizers can be further classified as primary or secondary, with primary ones imparting elongation and increased softness to materials, while secondary ones have limited compatibility with polymers and are used in combination with other plasticizers.
The plasticizers market growth is expected to be driven by the increasing adoption of non-phthalate and high molecular weight phthalate plasticizers, as well as a growing demand for bio-based materials over the forecast period. The plasticizers market is dominated by various types, including phthalates, terephthalates, epoxies, and aliphatics. Factors propelling the global plasticizers market include the growing demand for flexible PVC in various applications, the rise in the use of non-phthalate and high molecular weight phthalate plasticizers, and the expansion of industries.
US Plasticizers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Flooring & Wall
Fastest Growth
Flooring & Wall
Growth Rate
5.7% CAGR
Global Plasticizers market by region
Country Share for Asia Pacific (%)
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Plasticizers Market Segments Analysis
The global plasticizers market is segmented by Type, function, Application, End User and region. Based on Type, the market is segmented into Phthalate, Non-phthalate. Based on Application, the market is segmented into Wires & Cables, Floorings & Wall Coverings, Films & Sheets, Coated Fabrics, Consumer Goods, Others. Based on Sregion, the plasticizers market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Plasticizers Market Analysis By Type
The phthalates segment held a dominant position in the global plasticizers market, and it is anticipated to continue its dominance throughout the forecast period. This is primarily attributed to the high-performance properties exhibited by phthalates, including strong solvent characteristics, low transition temperature, low volatility, low diffusion rate, stability, and flame retardance. These favorable properties make phthalates widely used in various applications, such as flooring & wall coverings, film & sheet coverings, wires & cables, and consumer goods, among others. Despite concerns over their environmental impact and regulations on certain phthalates, their versatility and cost-effectiveness continue to drive their significant adoption in the plasticizers market.
Plasticizers Market Analysis By Application
In the past years, the wires & cables segment emerged as the dominant player in the global plasticizers market, and it is projected to retain its dominance in the forecast period. The segment's strong position is attributed to the increasing trend of electronic devices in several developing countries across Asia-Pacific and LAMEA regions. The growing adoption of electronic gadgets and devices, along with rapid urbanization and industrialization in these regions, is expected to be a significant driver for the wires & cables segment. Plasticizers play a crucial role in enhancing the flexibility and performance of wires and cables, making them more durable and efficient for various electrical applications. As the demand for electronic products continues to rise in these regions, the wires & cables segment is poised to maintain its leading position in the plasticizers market demand.
Global Plasticizers market by application
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Plasticizers Market Regional Insights
In the Asia-Pacific region, the plasticizers market is dominated by countries like China, Japan, and India, where there is a strong demand for polymer additives. The region's dominance is driven by the expanding electrical and electronic industries, which are experiencing significant growth in Asia-Pacific. Particularly, China stands out as the leading country in terms of plasticizers demand and commercialization, showcasing a robust market for these polymer additives. The surge in demand for plasticizers in the electrical and electronic sectors is attributed to the rising adoption of electronic devices in various applications. As Asia-Pacific continues to witness industrial expansion and economic development, the plasticizers market in the region is expected to further thrive, propelled by the growing electrical and electronic industries, with China at the forefront of this growth.
Global Plasticizers market by region
- Largest
- Fastest
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Plasticizers Market Dynamics
Plasticizers Market Drivers
Rise in Urbanization
- The plasticizers market demand is expected to be driven by various factors in developing economies, including rising population, urbanization, and industrialization. Notably, countries such as China, India, and Brazil are experiencing significant infrastructure development, leading to a surge in demand for plasticizers. These developing nations require substantial amounts of construction materials and automotive components. As they construct new roads, bridges, airports, ports, and other projects, the demand for plastic products like pipes, wires, and cable insulation also increases. Consequently, the need for more efficient and sustainable infrastructure is expected to fuel the demand for plasticizers in the coming years.
Plasticizers Market Restraints
Stringent Regulation
- Governments across the globe have implemented strict regulations regarding the use of plasticizers to safeguard the environment and mitigate health risks. As a result, certain phthalate plasticizers have been either banned or restricted in specific applications due to their detrimental impact on health and the environment. Additionally, many governments are actively promoting the adoption of bio-based and sustainable plasticizers to encourage the use of eco-friendly products. This focus on eco-friendly alternatives is anticipated to drive the demand for environmentally conscious plasticizers and foster a sustainable approach to the industry.
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Plasticizers Market Competitive Landscape
The plasticizers market exhibits a highly competitive landscape with the presence of several key players striving to maintain their market position. These companies engage in various strategies such as mergers, acquisitions, partnerships, and new product developments to gain a competitive edge. Major players focus on expanding their product portfolios and developing innovative, eco-friendly plasticizers to meet the evolving consumer demands and stringent regulations. Additionally, manufacturers are investing in research and development activities to enhance the performance and sustainability of their products. With the growing demand for eco-friendly solutions, players are anticipated to increasingly focus on developing bio-based plasticizers to cater to a more environmentally conscious market.
Top Players in Plasticizers Market
- UPC Technology Corporation
- Exxonmobil
- Nan Ya Plastics
- BASF
- Eastman Chemical Company
- Evonik Industries
- LG Chem
- Shandong Hongxin Chemicals
- Shandong Qilu Plasticizers
- Aekyung Petrochemical
- DIC Corporation
- Jiangsu Zhengdan Chemical Industry Co., Ltd.
- Kao Corporation
- KLJ Group
- Lanxess AG
- OXEA Corporation
- Avient Corporation
- Polynt SPA
- Velsicol Chemical, LLC
Plasticizers Market Recent Developments
- In January 2022, Evonik, headquartered in Germany, introduced a new plasticizer product named ELATUR DINCD. This innovative plasticizer boasts enhanced durability, attributed to its high low-temperature flexibility and impressive UV resistance.
Plasticizers Key Market Trends
- The plasticizers market trends that are shaping its growth and dynamics. One prominent trend is the increasing demand for non-phthalate and bio-based plasticizers due to growing environmental concerns and regulatory restrictions on phthalates. Additionally, there is a rising trend of using high molecular weight phthalate plasticizers, which offer enhanced performance and compatibility with various polymer materials.
- Another significant trend is the surge in demand for plasticizers in the construction and automotive industries, driven by rapid urbanization and infrastructure development in emerging economies. The wires & cables segment is witnessing substantial growth due to the rising adoption of electronic devices in developing countries. Moreover, continuous innovation in plasticizers and research and development activities by market players are opening new avenues for the market's expansion.
Plasticizers Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the future prospects of the plasticizers market look promising, driven by factors such as rising population, urbanization, and industrialization in developing economies. The construction and automotive industries in countries like China, India, and Brazil are expected to contribute significantly to the market's growth, as they require a substantial number of plasticizers for various applications. Moreover, the increasing demand for eco-friendly and sustainable plasticizers due to stringent government regulations and growing environmental awareness is likely to further boost the market. Continuous innovations and research in developing bio-based and non-phthalate plasticizers are also expected to present new opportunities for market expansion in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 17.97 Billion |
| Market size value in 2032 | USD 29.60 Billion |
| Growth Rate | 5.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Plasticizers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Plasticizers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Plasticizers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plasticizers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plasticizers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plasticizers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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