Description : The plasticizers market consists of sales of plasticizers and related services. 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 marke Grow :
The global plasticizers market is predicted to increase at a compound annual growth rate (CAGR) of 11.3 percent from $78.91 billion in 2020 to $87.81 billion in 2021. The increase is primarily due to companies reorganising their operations and recovering from the impact of COVID-19, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, all of which created operational challenges. At a CAGR of 2%, the market is estimated to reach $93.77 billion in 2025.
Plasticizers Market Application Area :
Plasticizers were used in around 7.45 million tonnes of plastic products in 2018, primarily PVC. Films alone consumed 2.33 million tonnes, followed by cables and profiles. Ceresana forecasts the segment profiles to account for the biggest growth in plasticizer demand, at 3.0% per year, until 2026. This development can be explained by a variety of factors, including a growing global knowledge of energy efficiency: Plastic windows, which save energy, are progressively replacing aluminium or wooden window profiles.
Plasticizers market regulations :
The use of phthalates plasticizers is subject to stringent regulations, which is limiting the market’s growth. Because of their ease of use and low cost, phthalates plasticizers are the most widely utilised plasticizers. Several companies are turning away from phthalate plasticizers as a result of numerous research revealing the health risks associated with their use. Non-governmental organisations, such as the United States Green Building Council (USGBC), however, advocate for the use of non-phthalate plasticizers due to their environmental benefits. In many consumer products, the use of specific phthalates is forbidden in several nations. Phthalates plasticizers are prohibited in several uses under European directives such as the EEC Directive and other restrictions.
Key Players :
The major players covered in the global plasticizers market are Arkema S.A., BASF SE, Dow Chemical Company, LG Chem Ltd., Evonik Industries Ag, Exxon Mobil Corporation, Eastman Chemical Company, Ineos Group, UPC GROUP, Bluesail, Nan Ya Plastics, Aekyung Petrochemical, Shandong Hongxin Chemicals, Shangdong Qilo Plasticizers, Clariant International, Adeka, Kao Corporation, Lanxess AG.
The global plasticizers market is segmented –
By type :
Phthalates Plasticizers
DOP
DINP/DIDP/DPHP
Others
Non-Phthalates Plasticizers
DOTP
Adipates
Trimellitates
Epoxies
Benzoates
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By end-user :
Flooring & Wall
Film & Sheet Coverings
Wires & Cables
Coated Fabrics
Consumer Goods
Others
Plasticizers Market, by Region:
APAC
Europe
North America
Middle East & Africa
South America
