What Fueled Plasticizers Market?
The plasticizers market has seen considerable growth due to a variety of factors.
• In recent times, the size of the plasticizers market has seen significant expansion. It is expected to rise from $108.46 billion in 2024 to $117.87 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.7%.
The expansion during the previous period can largely be associated with flourishing economies within emerging markets, a surge in demand for polyvinyl chloride (PVC), increased requirements for industrial packaging products and a rise in global chemicals mergers and acquisitions (M&A).
What Can Be Expected from the Plasticizers Market in the Coming Years?
The plasticizers market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a strong surge in the plasticizers market size in the near future. The market is predicted to attain a value of $156.88 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.4%.
The anticipated growth in the said period is largely due to the escalating demand for plastic or pvc and the increased need within the healthcare sector for plasticizers. Several key trends during this period will include the advent of environment-friendly plasticizers, increased utilization of recycled raw materials in plasticizer manufacturing, a rise in merger and acquisition activities, factory automation using robotics, and substitutes for phthalates.
What Are The Leading Drivers Of Growth In The Plasticizers Market?
The growth of the plasticizer market is partially fueled by the escalating demand for flexible polyvinyl chloride (PVC). Plasticizers are added to make PVC more flexible than its unplasticized counterpart (uPVC), and this variation of PVC is increasingly popular in several end-use industries, thus boosting the demand for plasticizers. Another driving force is the packaging industry's increasing use of PVC due to its durability, lightweight nature, compactness, and low impact on the environment.
How Are The Segments Defined Within The Global Plasticizers Market?
The plasticizers market covered in this report is segmented –
1) By Product Type: Phthalates Plasticizers, Non-Phthalates Plasticizers
2) By Distribution Channel: Online, Offline
3) By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Other Applications
Subsegments:
1) By Phthalates Plasticizers: Di(2-Ethylhexyl) Phthalate (DEHP), Diisononyl Phthalate (DINP), Di-N-Butyl Phthalate (DBP), Dicyclohexyl Phthalate (DCHP), Other Phthalates
2) By Non-Phthalates Plasticizers: Adipates, Sebacates, Trimellitates, Epoxidized Soybean Oil (ESBO), Citrate Esters, Other Non-Phthalates
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How Are New Trends Expected To Influence The Growth Of The Plasticizers Market?
The use of eco-friendly plasticizers is on the rise as a substitute to harmful phthalate plasticizers, which include DOP, DBP, BBP, and DEP. These eco-friendly plasticizers boast a myriad of qualities such as their excellent electrical resistivity, weather resistance, superior mechanical strength, and impressive heat stability. As such, they are taking the place of phthalate plasticizers. These eco-friendly alternatives enhance the plasticity of materials as they are a type of polymer additive. There is a swift expansion in the global eco-friendly plasticizer sector as the demand surges for these health-conscious and eco-responsive plasticizers. With low toxicity and satisfactory compatibility, these plasticizers are primarily used in film and cable production, thus, fueling the augmentation of the plasticizer industry.
Who Are the Key Players in the Plasticizers Market?
Major companies operating in the plasticizers market include:
• LG Chem Ltd.
• Dow Chemical Company
• BASF SE
• UPC Group
• Evonik Industries
• Arkema S.A.
• Ineos Group
• Eastman Chemical Company
• Exxon Mobil Corporation
• Nan Ya Plastics Corporation
• Indo-Nippon Chemical Co. Ltd
• KLJ Group
• Amines & Plasticizers Limited
• Lemon-Flex Company Limited
• Bluesail Group Co. Ltd
• Zhejiangjiaao Enprotech Stock Co.Ltd
• Shanghai Rongou Chemical Technology Co. Ltd.
• Nayakem Organics Pvt. Ltd
• Gapuma UK Ltd.
• Alphagary
• Perstorp
• DOMO Chemicals
• MegaChem (UK) Ltd.
• Grupa Azoty ZAK S.A.
• Gazprom Neft
• Krahn Chemie Group
• SIBUR
• GJ Chemical
• The Chemical Co.
• Chemionics Corp.
• ChemCeed
• Valtris
• Palmer Holland Inc.
• Hanwha International LLC
• TRInternational Inc.
• Broadview Technologies Inc.
• Lestar Química
• Innospec
• elekeiroz
• Laxness
• Linevol
• BIOPOL S.A.
• Astra Polymers Compounding Company
• Nassagi Iran Rise Alborz
• Al Faisal Plastic Company
• I. Plast Ltd.
• Chryso
• Misr El-Hegaz Group
• nasydco
• CEMEX Egypt
• Teknor Apex.
What Is The Most Dominant Region In The Plasticizers Market?
Asia-Pacific was the largest region in the plasticizers market in 2024. North America was the second-largest region in the global plasticizers market. The regions covered in the plasticizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
