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Plasticizers Market Set to Grow at Healthy CAGR forecast by 2026

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john dbmr

plasticizers market is expected to reach USD 18,995 million by 2025, from USD 16,359 million, growing at a CAGR of 3.5 % during the forecast period of 2020 to 2025. Plasticizers are colorless and odorless preservatives, mainly phthalates which increase the life of the material. Plasticizers make PVC softer, elastic and malleable. Production of flexible polyvinyl chloride (PVC), include 90 % of plasticizers that is also known as vinyl.

The most commonly used plasticizers are phthalates and adipates. A plasticizer can be a non-surface active compound or an active substance which is further mixed with a suspension in order to increase the separation of elements. It helps to increase the plasticity of the materials.

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Major Market Competitors: Global Plasticizers Market

Some of the major players in the global plasticizers market are UPC Group, Exxon Mobil Corporation.  , AEKYUNG CO. , BASF SE , NAN YA PLASTICS CORPORATION , Eastman Chemical Company,  Evonik Industries AG,   LG Chem., Bloomberg L.P., Chemamde, DIC CORPORATION, Jiangsu Zhengdan Chemical Industry Co,  Kao Corporation, KLJ Group, LANXESS , OXEA GmbH, Polynt , Velsicol Chemical LLC ,among  others.

Market Segmentation: Global Plasticizers Market

The global plasticizers market is segmented based on type, application and geographical segments.

  • Based on type, the global plasticizers market is segmented into phthalates plasticizers and non-phthalates plasticizers .
  • On the basis of application, the global plasticizers market is classified into flooring & wall covering, wire & cable, coated fabric, consumer goods, film & sheet, and others
  • Based on geography, the global plasticizers market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Competitive Landscape: Global Plasticizers Market

The global plasticizers market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Major Market Drivers and Restraints:

  • Increasing in demand for flexible PVC.
  • Rising demand from construction industry.
  • Impact analysis.
  • Use of HMW phthalates and non-phthalates increasing.
  • Toxicity of PVC.
  • Government regulations on phthalates.
  • Effect of plasticizers on non-PVC components.

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