Learn about the global plasticizers market through The Business Research Company, which provides information on plasticizers market size, plasticizers market drivers and restraints, plasticizers market players, the COVID-19 impact on the plasticizers market, and more.

The global plasticizers market is expected to grow from $13,342.7 million in 2020 to $13,951.6 million in 2021 at a growth rate of 0.04%. The growth in the plasticizers market is mainly due to strong economic growth in emerging markets, increased demand for polyvinyl chloride (PVC), increased demand for industrial packaging products, increase in global chemicals mergers and acquisitions (M&A). In addition to this, faster economic growth, increasing demand for plasticizers from the healthcare sector have positively influencing the growth of plasticizers on the global level. The plasticizers market is expected to grow at a CAGR of 4.6% from 2020 to reach $16,693.5 million in 2025. The global plasticizers market is expected to reach $21,471.4 million in 2030, at a CAGR of 5.2%.

The increasing demand for plasticizers from the healthcare sector drives the growth of the plasticizers market.

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The plasticizers market consists of sales of plasticizers by entities (organizations, sole traders or partnerships) that produce plasticizers. Plasticizers are chemical additives used to increase the plasticity or fluidity of a material. The dominant applications are for rubber, resins and plastics especially polyvinyl chloride (PVC).

Global Plasticizers Market Segments Include:

By Product Type: Phthalates Plasticizers (Dioctyl Phthalate (DOP), Diisononyl Phthalate (DINP)/ Diisodecyl Phthalate (DIDP)/ Di(2-Propylheptyl) Phthalate (DPHP), Others), Non-Phthalates Plasticizers (Dioctyl Terephthalate (DOTP), Adipates, Trimellitates, Epoxies, Benzoates).

By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Others

By Distribution: Online, Offline

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global plasticizers market, accounting for 51.7% of the total in 2020.

Eco-friendly plasticizers is a key trend gaining popularity in the plasticizers market. Eco-friendly plasticizers are organic esters that can be amplified into polymers to enhance the flexibility and stiffness of the end product through internal polymer morphology alteration. In addition, eco- friendly plasticizers are biodegradable and possess all the properties of a plasticizer. They are usually inert materials with low vapour pressure and high boiling points. Due to these factors, traditional plasticizers (phthalates plasticizers) have been increasingly replaced by environmentally friendly plasticizers.

TBRC’s plasticizers market report covers:

Major Market Players: LG Chem Ltd., Dow Chemical Company,BASF SE,UPC Group, Evonik Industries

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Plasticizers Market 2022 -Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides plasticizers market overviews, analyses and forecasts market size, share, plasticizers market players, plasticizers market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s plasticizers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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