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Plasticizer Market By Product Type (Phthalates, Non-Phthalates), By Application (Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

A plasticizer is a substance that is added to a material, usually a plastic, resin, or elastomer, to improve its processability, flexibility, and stretchability. Plasticizers are versatile products that provide unique contributions in widely varying applications. Plasticizers can decrease melt viscosity, glass transition temperature, and elasticity without changing the basic properties of the plasticized material. In general, even a small amount of plasticizer has a noticeable effect on most plasticized materials.

There are basically two types of plasticizers: phthalates and non-phthalates. In 2016, phthalates were a widely used plasticizer owing to their high usage in various end-use applications such as flooring and walls, film and sheet coverings, wires and cables, coated fabrics, consumer goods, and others (medical, sports, and adhesive and sealant applications).

In 2016, the wires and cables segment had a substantial share of the global plasticizers market and will continue to dominate the market in upcoming years. The market size and forecast of each product type and application are presented for the period 2015–2025, along with their respective CAGRs% for the forecast period2017–20255.

The market size and forecast for the period 2015–2025, along with the CAGRs for the period 2017–2025 for the mentioned segments, are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges, and opportunities) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment propositions are also included in this study for the assessment of the market competition. The report concludes with a company profiles section that highlights key information about the major market players operating in the global plasticizers market.

A few key manufacturers in the plasticizers market include Aekyung Petrochemical Co. Ltd., Arkema SA, BASF SE, Daelim Industrial Co. Ltd., Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, ExxonMobil Corporation, Ineos Group, LG Chem Ltd., Nan Ya Plastics Corporation, UPC Group, and others.

Purpose of the Report

The purpose of this strategic research study titled "Plasticizers Market: Growth, Opportunities, Share, and Competitive Analysis, 2017–2025" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the plasticizers market.

Target Audience

  • Industry Investors
  • Procurement Managers from End-User Companies
  • Plasticizers Manufacturers
  • Distributors

Based on product type, the plasticizers market is categorized into the following segments:

Phthalates

  • Diethylhexyl Phthalate (DEHP) or Dioctyl Phthalate (Dop)
  • DINP stands for diisononyl phthalate.
  • Did (Diisodecyl Phthalate)
  • PHP (Di(2-Propylheptyl) Phthalate
  • Butyl Benzyl Phthalate (BBP)
  • Others

Non-Phthalates

  • Adipates
  • Esters
  • Trimellitates
  • Epoxy
  • Bio-Based Plasticizers
  • A dot (dioctyl terephthalate)
  • Others

In 2016, the phthalates segment dominated the global plasticizers market and will continue to dominate the market in upcoming years. The demand for phthalates is led by dioctyl phthalate (DOP), which accounted for a share of more than 40% of the overall market in 2016. Various applications such as flooring and walls, film and sheet coverings, wires and cables, coated fabrics, and consumer goods are the key contributors to the dominance of this segment in the global plasticizers market.

However, non-phthalate plasticizers are projected to witness the highest growth from 2017 to 2025. Among the non-phthalates, dioctyl terephthalate (DOTP) is projected to be the highest growth segment of plasticizers, which is primarily due to its usage as a substitute for harmful phthalates. Also, bio-based plasticizers are expected to grow at a higher rate owing to the increasing demand for biodegradable and environmentally friendly plasticizers.

Based on application, the plasticizers market is categorized into the following segments:

  • Walls and flooring
  • Film and sheet coverings
  • Wires and Cables
  • Coated Fabrics
  • Consumer Goods
  • Others (Medical, Sports, and Adhesive and Sealant Applications)

In 2016, the wires and cables segment had a substantial share of the global plasticizers market and will continue to dominate the market in upcoming years. There is a good amount of demand expected from the electrical and cable industries, owing to increasing demand from developing economies like India and China.

Plasticizers are used in various wire and cable products, such as insulation and jacketing for electrical conductors and insulation for fiber optic cables. It is also extensively used for coverings owing to its properties as a viscosity reducer, a low-volatile organic compound, and a fast fuser. Plasticizers are also widely used as a concrete additive. Plasticizers also find applications in the medical industry for blood bags, IV tubing, biohazard containment structures, and other medical devices.

On the basis of geographical distribution, the global plasticizers market is segmented into the following regional markets:

  • North America
  • US.
  • Canada
  • Europe
  • UK.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • GCC
  • Rest of the Middle East and Africa

In the base year 2016, Asia Pacific was observed as the largest market for plasticizers, followed by North America and Europe. Due to increasing end-use industries, the Asia-Pacific region has registered a significant growth rate in the past few years.

Asia Pacific is the most sought-after regional market in terms of growth opportunities for plasticizers in the upcoming years. Asia Pacific is expected to achieve the highest growth rate compared to other regions due to the presence of countries such as China, India, and Japan, which are observing significant growth. Wire and cable, as well as film and sheets, are the primary end-use industries driving the European plasticizer market. In 2016, both segments collectively contributed to more than 40% of the European plasticizer market.

Frequently Asked Question:

The market for Plasticizer Market is expected to reach USD$ 26.3 Bn in 2025.

The Plasticizer Market is expected to see significant CAGR growth over the coming years, at 5.4%.

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

Aekyung Petrochemical Co. Ltd., Arkema SA, BASF SE, Daelim Industrial Co. Ltd., Dow Chemical Company. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2017
Category:  Chemicals
Report ID:   58549
Report Format:   PDF
Pages:   120
Rating:    4.5 (55)
Delivery Time: 24 Hours to 48 Hours   
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