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Demand for plasticizers from 2015 to 2020 Vs Future Market Projections for 2021-2031
From 2015 to 2020, sales of plasticizers had substantially increased, expanding over 5.0% CAGR.
Plasticizers are additives for materials to increase their plasticity and flexibility. These additives are generally added to plastics or rubber to make them suitable for pipes, hoses, wiring, cables, etc.
Increased plastic consumption, particularly for PVC applications, accounts for a significant share of plasticizer consumption. Growing demand for pipes, electric cables, building materials, consumer goods, and other products is expected to fuel the market growth.
The COVID-19 pandemic has caused significant damage to the global plasticizers market. China was the pandemic's epicenter which created a severe ripple effect across the global supply chain. China is not only a major supplier of plasticizers but also of raw materials. Considerable stagnation in supply of raw materials, and end-products has had an adverse effect on the overall market revenues.
Global Plasticizers Market Revenue Outlook:
The global plasticizers market was valued at over US$ 15 Bn in 2020 and is projected to register а САGR of over 5.0% by 2031.
Despite, the negative impact on the market due to the COVID-19 pandemic, the market is expected to register several developments in terms of investments by major players for capacity additions. Several industry players are increasing their focus on establishing successful collaborations, acquisitions, and/or joint venture activities as a means to enhance their respective customer bases. In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local as well as global-scale. This factor paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.
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Market Dynamics:
Increasing demand from packaging, construction, consumer products, electrical industries, which are the primary consumers of plasticizers, are estimated to drive the market growth. Robust growth of the packaging and construction industries, particularly in the developing countries of Asia-Pacific are likely to boost the market growth.
However, stringent regulations on the use of phthalate plasticizers due to emerging health concerns are expected to obstruct the market growth to a certain extent. Nonetheless, the advent of non-phthalate plasticizers and bio-plasticizers is expected to negate the impact of this challenge.
How are the recent trends shaping the industry in the coming years?
Traditionally, the market was dominated by PVC plasticizers. Nonetheless, introduction of non-phthalates plasticizers and bio-plasticizers is likely to gain higher ground in the coming years. Non- phthalates plasticizers i.e. plasticizers free of phthalates based on compounds such as Adipates, Trimellitates, Benzoates, Epoxies, or bio-plasticizers. These plasticizers do not contain phthalates known to cause endocrine disruptions and other adverse health issues in humans. Developed countries, including the US, Canada, and the entire European Union, have restricted the use of DEHP (dioctyl phthalate), DBP (Dibutyl phthalate), BBP (Benzyl butyl phthalate), and several others as plasticizers, particularly for consumer use.
Bio-plasticizers made from vegetable raw materials such as epoxidized soya bean oil, citrates, castor oil, succinic acid, etc., have gained significant traction in recent years and are expected to build a dominant position in the market in the coming years. Major industry players such as Lanxess, Evonik, etc., have made sizable investments towards development of novel products, thus shifting the industry trends towards non-phthalates plasticizer use.
Regional Analysis:
Asia-Pacific is expected to account for the significant share of the global plasticizers market. Dynamic growth of end-use industries, including packaging, construction, electrical, consumer goods, and others, particularly in China and India are expected to be the key contributing factors. The stable growth of these countries and increasing construction projects are estimated to provide a balanced growth in the coming years.
Competitive Landscape
The plasticizers landscape appears highly consolidated, with a major chunk of it being dominated by players with their base in Asia-Pacific.
- 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 Key Players
Some notable developments in the market include:
- Oman-based Towell Engineering Group has entered a Joint-Venture agreement with Netherlands-based GF Biochemicals for production and marketing of biochemical including bio-plasticizers. The JV’s aim is to dominate the market for bio-solvents and bio-plasticizers. Its bio-plasticizer products are mainly based on levulinic acid and offer exceptional performance in bio-polymers like PLA, and PVC applications.
- Chemicals giant BASF has launched biomass balanced (BMB) plasticizers based on renewable raw materials under its several brand such as Hexamoll® DINCH BMB, Palatinol® N BMB, Palatinol® 10-P BMB and Plastomoll® DOA BMB. These products have a lower carbon footprint, with a main focus on preserving fossil resources.
Report Scope
- Forecast Period: 2022-2031
- Actual Year: 2021
- Historical Data Available for: 2015-2020
Key Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Segments Covered
Plasticizers Market, By Type
- Phthalates
- Non-Phthalates
Plasticizers Market, By End-Use
- Automotive
- Cables & Wires
- Flooring, Roofing & Cladding
- Coated Fabrics
- Film & Sheet
- Packaging
- Healthcare & Personal Care
- Others End-Uses
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn To learn more about this report, request for sample report
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- 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 Key Players
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- Chapter 1 Global Plasticizers Market Outlook
- 1.1 Introduction
- 1.2 Segmentation of Plasticizers Market Based On Type & End-Use, and Region
- 1.3 Drivers
- 1.4 Restraints
- 1.5 Opportunities
- 1.6 Trends
- 1.7 Macro-economic Factors
- 1.8 Regulatory Framework
- 1.9 Global Plasticizers Market Pricing Analysis by Region, 2021
- 1.10 Opportunity Map Analysis
- 1.10.1 Optimistic Scenario
- 1.10.2 Likely Scenario
- 1.10.3 Conservative Scenario
- 1.11 Opportunity Orbits
- 1.12 Market Investment Feasibility Index
- 1.13 PEST Analysis
- 1.14 PORTER’S Five Force Analysis
- 1.15 Drivers & Restraints Impact Analysis
- 1.16 Marketing Strategy
- 1.17 Product Life Cycle Analysis
- 1.18 Value Chain Analysis
- 1.19 Cost Structure Analysis
- 1.20 Regional Market Share and BPS Analysis in Plasticizers Market
- 1.21 COVID-19 Impact Analysis
- Chapter 2 Global Plasticizers Market Overview
- 2.1 Global Market Value & Volume Comparison by Type (2015-2031)
- 2.1.1 Global Market Value & Volume Market Share by Type in 2021
- 2.1.2 Global Attractiveness Analysis by Type, 2015–2022
- 2.2 Global Market Value & Volume Comparison by End-Use (2015-2031)
- 2.2.1 Global Market Value & Volume Market Share by End-Use in 2021
- 2.2.2 Global Attractiveness Analysis by End-Use, 2015–2022
- 2.3 Global Outlook by Region
- 2.3.1 Global Market Value & Volume Comparison by Region (2015-2031)
- 2.3.2 Global Market Value & Volume Market Share by Region in 2021
- 2.3.3 Global Attractiveness Analysis by Region, 2015–2022
- 2.4 Global Outlook (2015-2031)
- 2.4.1 Global Market Value & Volume (2015–2022)
- 2.4.2 Global Market Value & Volume (2023-2031)
- 2.5 Global Market Value & Volume by Regions
- 2.5.1 Global Market Value & Volume Comparison by Region (2015–2022)
- 2.5.2 Global Market Value & Volume Comparison by Region (2023-2031)
- 2.6 Global Market Value & Volume by Type
- 2.6.1 Global Market Value & Volume Comparison by Type (2015–2022)
- 2.6.2 Global Market Value & Volume Comparison by Type (2023-2031)
- 2.7 Global Market Value & Volume by End-Use
- 2.7.1 Global Market Value & Volume Comparison by End-Use (2015–2022)
- 2.7.2 Global Market Value & Volume Comparison by End-Use (2023-2031)
- 2.8 Global Market Y-o-Y Growth Rate Comparison 2016–2031
- 2.8.1 Global Market Y-o-Y Growth Rate by Region
- 2.8.2 Global Market Y-o-Y Growth Rate by Type
- 2.8.3 Global Market Y-o-Y Growth Rate by End-Use
- 2.9 Global Market Share Comparison 2015–2031
- 2.9.1 Global Market Share by Region
- 2.9.2 Global Market Share by Type
- 2.9.3 Global Market Share by End-Use
- 2.1 Global Market Value & Volume Comparison by Type (2015-2031)
- Chapter 3 North America Plasticizers Market Overview
- 3.1 North America by Type
- 3.1.1 North America Market Value & Volume Comparison by Type (2015-2031)
- 3.1.2 North America Market Value & Volume Market Share by Type in 2021
- 3.2 North America Market Value & Volume Comparison by End-Use (2015-2031)
- 3.2.1 North America Market Value & Volume Market Share by End-Use in 2021
- 3.2.2 North America Attractiveness Analysis by End-Use, 2015–2022
- 3.3 North America Outlook by Region
- 3.3.1 North America Market Value & Volume Comparison by Region (2015-2031)
- 3.3.2 North America Market Value & Volume Market Share by Region in 2021
- 3.3.3 North America Attractiveness Analysis by Region, 2015–2022
- 3.4 North America Outlook (2015-2031)
- 3.4.1 North America Market Value & Volume (2015–2022)
- 3.4.2 North America Market Value & Volume (2023-2031)
- 3.5 North America Market Value & Volume by Regions
- 3.5.1 North America Market Value & Volume Comparison by Region (2015–2022)
- 3.5.2 North America Market Value & Volume Comparison by Region (2023-2031)
- 3.6 North America Market Value & Volume by Type
- 3.6.1 North America Market Value & Volume Comparison by Type (2015–2022)
- 3.6.2 North America Market Value & Volume Comparison by Type (2023-2031)
- 3.7 North America Market Value & Volume by End-Use
- 3.7.1 North America Market Value & Volume Comparison by End-Use (2015–2022)
- 3.7.2 North America Market Value & Volume Comparison by End-Use (2023-2031)
- 3.8 North America Market Y-o-Y Growth Rate Comparison 2016–2031
- 3.8.1 North America Market Y-o-Y Growth Rate by Region
- 3.8.2 North America Market Y-o-Y Growth Rate by Type
- 3.8.3 North America Market Y-o-Y Growth Rate by End-Use
- 3.9 North America Market Share Comparison 2015–2031
- 3.9.1 North America Market Share by Region
- 3.9.2 North America Market Share by Type
- 3.9.3 North America Market Share by End-Use
- 3.1 North America by Type
- Chapter 4 Europe Plasticizers Market Overview
- 4.1 Europe by Type
- 4.1.1 Europe Market Value & Volume Comparison by Type (2015-2031)
- 4.1.2 Europe Market Value & Volume Market Share by Type in 2021
- 4.2 Europe Market Value & Volume Comparison by End-Use (2015-2031)
- 4.2.1 Europe Market Value & Volume Market Share by End-Use in 2021
- 4.2.2 Europe Attractiveness Analysis by End-Use, 2015–2022
- 4.3 Europe Outlook by Region
- 4.3.1 Europe Market Value & Volume Comparison by Region (2015-2031)
- 4.3.2 Europe Market Value & Volume Market Share by Region in 2021
- 4.3.3 Europe Attractiveness Analysis by Region, 2015–2022
- 4.4 Europe Outlook (2015-2031)
- 4.4.1 Europe Market Value & Volume (2015–2022)
- 4.4.2 Europe Market Value & Volume (2023-2031)
- 4.5 Europe Market Value & Volume by Regions
- 4.5.1 Europe Market Value & Volume Comparison by Region (2015–2022)
- 4.5.2 Europe Market Value & Volume Comparison by Region (2023-2031)
- 4.6 Europe Market Value & Volume by Type
- 4.6.1 Europe Market Value & Volume Comparison by Type (2015–2022)
- 4.6.2 Europe Market Value & Volume Comparison by Type (2023-2031)
- 4.7 Europe Market Value & Volume by End-Use
- 4.7.1 Europe Market Value & Volume Comparison by End-Use (2015–2022)
- 4.7.2 Europe Market Value & Volume Comparison by End-Use (2023-2031)
- 4.8 Europe Market Y-o-Y Growth Rate Comparison 2016–2031
- 4.8.1 Europe Market Y-o-Y Growth Rate by Region
- 4.8.2 Europe Market Y-o-Y Growth Rate by Type
- 4.8.3 Europe Market Y-o-Y Growth Rate by End-Use
- 4.9 Europe Market Share Comparison 2015–2031
- 4.9.1 Europe Market Share by Region
- 4.9.2 Europe Market Share by Type
- 4.9.3 Europe Market Share by End-Use
- 4.1 Europe by Type
- Chapter 5 Asia-Pacific Plasticizers Market Overview
- 5.1 Asia-Pacific by Type
- 5.1.1 Asia-Pacific Market Value & Volume Comparison by Type (2015-2031)
- 5.1.2 Asia-Pacific Market Value & Volume Market Share by Type in 2021
- 5.2 Asia-Pacific Market Value & Volume Comparison by End-Use (2015-2031)
- 5.2.1 Asia-Pacific Market Value & Volume Market Share by End-Use in 2021
- 5.2.2 Asia-Pacific Attractiveness Analysis by End-Use, 2015–2022
- 5.3 Asia-Pacific Outlook by Region
- 5.3.1 Asia-Pacific Market Value & Volume Comparison by Region (2015-2031)
- 5.3.2 Asia-Pacific Market Value & Volume Market Share by Region in 2021
- 5.3.3 Asia-Pacific Attractiveness Analysis by Region, 2015–2022
- 5.4 Asia-Pacific Outlook (2015-2031)
- 5.4.1 Asia-Pacific Market Value & Volume (2015–2022)
- 5.4.2 Asia-Pacific Market Value & Volume (2023-2031)
- 5.5 Asia-Pacific Market Value & Volume by Regions
- 5.5.1 Asia-Pacific Market Value & Volume Comparison by Region (2015–2022)
- 5.5.2 Asia-Pacific Market Value & Volume Comparison by Region (2023-2031)
- 5.6 Asia-Pacific Market Value & Volume by Type
- 5.6.1 Asia-Pacific Market Value & Volume Comparison by Type (2015–2022)
- 5.6.2 Asia-Pacific Market Value & Volume Comparison by Type (2023-2031)
- 5.7 Asia-Pacific Market Value & Volume by End-Use
- 5.7.1 Asia-Pacific Market Value & Volume Comparison by End-Use (2015–2022)
- 5.7.2 Asia-Pacific Market Value & Volume Comparison by End-Use (2023-2031)
- 5.8 Asia-Pacific Market Y-o-Y Growth Rate Comparison 2016–2031
- 5.8.1 Asia-Pacific Market Y-o-Y Growth Rate by Region
- 5.8.2 Asia-Pacific Market Y-o-Y Growth Rate by Type
- 5.8.3 Asia-Pacific Market Y-o-Y Growth Rate by End-Use
- 5.9 Asia-Pacific Market Share Comparison 2015–2031
- 5.9.1 Asia-Pacific Market Share by Region
- 5.9.2 Asia-Pacific Market Share by Type
- 5.9.3 Asia-Pacific Market Share by End-Use
- 5.1 Asia-Pacific by Type
- Chapter 6 Latin America Plasticizers Market Overview
- 6.1 Latin America by Type
- 6.1.1 Latin America Market Value & Volume Comparison by Type (2015-2031)
- 6.1.2 Latin America Market Value & Volume Market Share by Type in 2021
- 6.2 Latin America Market Value & Volume Comparison by End-Use (2015-2031)
- 6.2.1 Latin America Market Value & Volume Market Share by End-Use in 2021
- 6.2.2 Latin America Attractiveness Analysis by End-Use, 2015–2022
- 6.3 Latin America Outlook by Region
- 6.3.1 Latin America Market Value & Volume Comparison by Region (2015-2031)
- 6.3.2 Latin America Market Value & Volume Market Share by Region in 2021
- 6.3.3 Latin America Attractiveness Analysis by Region, 2015–2022
- 6.4 Latin America Outlook (2015-2031)
- 6.4.1 Latin America Market Value & Volume (2015–2022)
- 6.4.2 Latin America Market Value & Volume (2023-2031)
- 6.5 Latin America Market Value & Volume by Regions
- 6.5.1 Latin America Market Value & Volume Comparison by Region (2015–2022)
- 6.5.2 Latin America Market Value & Volume Comparison by Region (2023-2031)
- 6.6 Latin America Market Value & Volume by Type
- 6.6.1 Latin America Market Value & Volume Comparison by Type (2015–2022)
- 6.6.2 Latin America Market Value & Volume Comparison by Type (2023-2031)
- 6.7 Latin America Market Value & Volume by End-Use
- 6.7.1 Latin America Market Value & Volume Comparison by End-Use (2015–2022)
- 6.7.2 Latin America Market Value & Volume Comparison by End-Use (2023-2031)
- 6.8 Latin America Market Y-o-Y Growth Rate Comparison 2016–2031
- 6.8.1 Latin America Market Y-o-Y Growth Rate by Region
- 6.8.2 Latin America Market Y-o-Y Growth Rate by Type
- 6.8.3 Latin America Market Y-o-Y Growth Rate by End-Use
- 6.9 Latin America Market Share Comparison 2015–2031
- 6.9.1 Latin America Market Share by Region
- 6.9.2 Latin America Market Share by Type
- 6.9.3 Latin America Market Share by End-Use
- 6.1 Latin America by Type
- Chapter 7 MEA Plasticizers Market Overview
- 7.1 MEA by Type
- 7.1.1 MEA Market Value & Volume Comparison by Type (2015-2031)
- 7.1.2 MEA Market Value & Volume Market Share by Type in 2021
- 7.2 MEA Market Value & Volume Comparison by End-Use (2015-2031)
- 7.2.1 MEA Market Value & Volume Market Share by End-Use in 2021
- 7.2.2 MEA Attractiveness Analysis by End-Use, 2015–2022
- 7.3 MEA Outlook by Region
- 7.3.1 MEA Market Value & Volume Comparison by Region (2015-2031)
- 7.3.2 MEA Market Value & Volume Market Share by Region in 2021
- 7.3.3 MEA Attractiveness Analysis by Region, 2015–2022
- 7.4 MEA Outlook (2015-2031)
- 7.4.1 MEA Market Value & Volume (2015–2022)
- 7.4.2 MEA Market Value & Volume (2023-2031)
- 7.5 MEA Market Value & Volume by Regions
- 7.5.1 MEA Market Value & Volume Comparison by Region (2015–2022)
- 7.5.2 MEA Market Value & Volume Comparison by Region (2023-2031)
- 7.6 MEA Market Value & Volume by Type
- 7.6.1 MEA Market Value & Volume Comparison by Type (2015–2022)
- 7.6.2 MEA Market Value & Volume Comparison by Type (2023-2031)
- 7.7 MEA Market Value & Volume by End-Use
- 7.7.1 MEA Market Value & Volume Comparison by End-Use (2015–2022)
- 7.7.2 MEA Market Value & Volume Comparison by End-Use (2023-2031)
- 7.8 MEA Market Y-o-Y Growth Rate Comparison 2016–2031
- 7.8.1 MEA Market Y-o-Y Growth Rate by Region
- 7.8.2 MEA Market Y-o-Y Growth Rate by Type
- 7.8.3 MEA Market Y-o-Y Growth Rate by End-Use
- 7.9 MEA Market Share Comparison 2015–2031
- 7.9.1 MEA Market Share by Region
- 7.9.2 MEA Market Share by Type
- 7.9.3 MEA Market Share by End-Use
- 7.1 MEA by Type
- Chapter 8 Global Plasticizers Market Company Profiles
- 8.1 Market Competition Scenario Analysis, By Company
- 8.2 Competitor Landscape
- 8.3 Company Share Analysis
- 8.4 Company Profiles
- 8.4.1 Arkema S.A.
- 8.4.1.1 Company Overview
- 8.4.1.2 Business Description
- 8.4.1.3 Product Portfolio
- 8.4.1.4 Key Financials
- 8.4.1.5 Key Developments
- 8.4.1.6 SWOT Analysis
- 8.4.2 BASF SE
- 8.4.2.1 Company Overview
- 8.4.2.2 Business Description
- 8.4.2.3 Product Portfolio
- 8.4.2.4 Key Financials
- 8.4.2.5 Key Developments
- 8.4.2.6 SWOT Analysis
- 8.4.3 Daelim Industrial Co. Ltd.
- 8.4.3.1 Company Overview
- 8.4.3.2 Business Description
- 8.4.3.3 Product Portfolio
- 8.4.3.4 Key Financials
- 8.4.3.5 Key Developments
- 8.4.3.6 SWOT Analysis
- 8.4.4 Dow Chemical Company
- 8.4.4.1 Company Overview
- 8.4.4.2 Business Description
- 8.4.4.3 Product Portfolio
- 8.4.4.4 Key Financials
- 8.4.4.5 Key Developments
- 8.4.4.6 SWOT Analysis
- 8.4.5 LG Chem Ltd.
- 8.4.5.1 Company Overview
- 8.4.5.2 Business Description
- 8.4.5.3 Product Portfolio
- 8.4.5.4 Key Financials
- 8.4.5.5 Key Developments
- 8.4.5.6 SWOT Analysis
- 8.4.6 Evonik Industries AG
- 8.4.6.1 Company Overview
- 8.4.6.2 Business Description
- 8.4.6.3 Product Portfolio
- 8.4.6.4 Key Financials
- 8.4.6.5 Key Developments
- 8.4.6.6 SWOT Analysis
- 8.4.7 ExxonMobil Chemical
- 8.4.7.1 Company Overview
- 8.4.7.2 Business Description
- 8.4.7.3 Product Portfolio
- 8.4.7.4 Key Financials
- 8.4.7.5 Key Developments
- 8.4.7.6 SWOT Analysis
- 8.4.8 Eastman Chemical Company
- 8.4.8.1 Company Overview
- 8.4.8.2 Business Description
- 8.4.8.3 Product Portfolio
- 8.4.8.4 Key Financials
- 8.4.8.5 Key Developments
- 8.4.8.6 SWOT Analysis
- 8.4.9 Ineos Group
- 8.4.9.1 Company Overview
- 8.4.9.2 Business Description
- 8.4.9.3 Product Portfolio
- 8.4.9.4 Key Financials
- 8.4.9.5 Key Developments
- 8.4.9.6 SWOT Analysis
- 8.4.10 UPC Group
- 8.4.10.1 Company Overview
- 8.4.10.2 Business Description
- 8.4.10.3 Product Portfolio
- 8.4.10.4 Key Financials
- 8.4.10.5 Key Developments
- 8.4.10.6 SWOT Analysis
- 8.4.11 Other Key Players
- 8.4.1 Arkema S.A.
- Chapter 9 Research Methodology
- 9.1 Research Methodology
- 9.2 Primary Research
- 9.3 Secondary Research
- 9.4 Report Scope
- Chapter 10 About Us
- 10.1 Who we are:
- Chapter 11 Disclaimer
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- Chapter 1 Global Plasticizers Market Outlook
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