Plasticizers Market Growth Trajectory Through 2024-2033|LG Chem Ltd., Dow Chemical Company, BASF SE, UPC Group, Evonik Industries

The Plasticizers by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Plasticizers, The plasticizers market size has grown strongly in recent years. It will grow from $100.57 billion in 2023 to $108.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed 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).

The plasticizers market size is expected to see strong growth in the next few years. It will grow to $145.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing demand for plastic or pvc increasing demand for plasticizers from the healthcare sector. Major trends in the forecast period include eco-friendly plasticizers, increasing use of recycled raw materials in plasticizers, rising in mergers and acquisitions, automation through robotics in factories, phthalate substitutes.

Rising demand for flexible polyvinyl chloride (PVC) contributes to the growth of the plasticizer market. Flexible PVC is softer than unplasticized polyvinyl chloride (uPVC) due to the addition of plasticizers. The increasing demand for flexible PVC material in various end-use industries drives the demand for plasticizers. Flexible packaging provides long-lasting safety, lightweight, and compactness while maintaining a low carbon footprint, which increases demand for PVC from the packaging industry.

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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

Sub segments: DOP, DINP/DIDP/DPHP, Others, DOTP, Adipates, Trimellitates, Epoxies, Benzoates

Eco-friendly plasticizers are increasingly being used to prevent harmful phthalate plasticizers such as DOP, DBP, BBP, and DEP. Eco-friendly plasticizers have various properties such as waterproofing with good electrical resistivity, weather resistance, better mechanical strength, and good heat stability. Due to these factors, phthalate plasticizers are being replaced with eco-friendly plasticizers. Eco-friendly plasticizers are polymer additives that improve a material’s plasticity. The global eco-friendly plasticizer market is growing rapidly due to the increased demand for eco-friendly plasticizers to keep human health and the environment safe. These plasticizers come with low toxicity and good compatibility and are used in various applications, mainly in films and cable manufacturing, and are driving the growth of the plasticizer market.

The plasticizers market report table of contents includes:

1. Executive Summary
2. Plasticizers Market  Characteristics
3. Plasticizers Market  Trends And Strategies
4. Plasticizers Market  – Macro Economic Scenario
5. Global Plasticizers Market  Size and Growth

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32. Global Plasticizers Market  Competitive Benchmarking
33. Global Plasticizers Market  Competitive Dashboard
34. Key Mergers And Acquisitions In Plasticizers Market
35. Plasticizers Market  Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players :

• LG Chem Ltd.
• Dow Chemical Company
• BASF SE
• UPC Group
• Evonik Industries

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