[Online Quarterly Update] Global Plasticizers demand stood at 8.23 Million Tonnes in 2020 and is forecast to reach 12.91 Million Tonnes by 2030, growing at a healthy CAGR of 4.71% until 2030. A plasticizer is an additive that is added to increase the material’s flexibility and durability. These additives when combined with plastics enhance their thermoplasticity and boost fabrication quality. Plasticizers act as a lubricant between segments of the polymer chain for greater mobility. Many polymers would become too brittle and rigid if used without a plasticizer.
Depending on their properties Plasticizers can be classified -Phthalates, Non-Phthalates, Epoxy, Aliphatic, Polymeric, others. Primarily plasticizer is processed by reacting olefins and acid with an appropriate amount of alcohol. Because of their properties such as high resilience, stability, and improved efficiency, phthalates are the most used compound in Plastic Industry. Subsequently, the rising demand for Plasticizers is majorly dependent on the end-user industries for manufacturing films & sheet material as it exhibits good barrier characteristics such as weather resistance and good heat stability. PVC cables, vinyl flooring, coatings, adhesives, and some plastics that need versatility generally contain phthalates. The majority of Plasticizers are utilized in the manufacturing of Polyvinyl chloride (PVC) to enhance its durability.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Leading authorities around the globe imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Manufacturing units were temporarily shut down and disruption in the supply chain was observed which led to the market decline.
The demand for Plasticizer’s manufacturing process optimization in terms of environmental impact reduction and structural element reliability and safety has increased significantly in past few years. Additionally, due to the booming automotive industry, there has been an increased demand for plasticizers in PVC as it possesses outstanding mechanical properties and mouldability. Because of the growing global population, the evolving food industry is fuelling demand for packaged foods, which is driving up its consumption of PVC polymer for food packaging and ramping the requirements of plasticizers.
Based on regional analysis, Asia-pacific is expected to dominate the plasticizer market in the forecast period. The rise in the number of automotive and construction activities is driving the growth of the plasticizer market. Also, the use of plasticizer in wall and floor coverings, consumer goods, coated fabrics, film and sheet, among others is boosting the demand in the region.
Years considered for this report:
Historical Period: 2015 -2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of Plasticizers which covers production, demand, and supply of the market worldwide.
•To evaluate and forecast the market size of Plasticizers
•To classify and forecast overall market based on end-use, region, and sales channel.
•To identify drivers and challenges
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc.
•To identify and analyse the profile of leading players involved in the manufacturing of Plasticizers.
Major players operating in the Global Plasticizers market BASF SE , ExxonMobil Chemical, Eastman Chemical Company, Ineos Group, and UPC Group , Arkema S.A , Blue sail Chemical Group, and Clariant International. Lanxess AG, LG Chem, Ltd., Mitsubishi Chemical Holdings Corporation, KLG group, Nan Ya Plastics Corp and others. These industries are constantly attempting to capitalise on the growing demand for plasticizers by producing and maintaining supply chain as much as possible.The pricing of Plasticizers is generally dependent on fluctuations of olefins, and other upstream sources.
To extract data for the Worldwide Plasticizers market, primary research surveys were conducted with Plasticizers manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for the overall world Plasticizers market over the coming years.
ChemAnalyst calculated Plasticizers’s demand in global outlook by analyzing the historical data and demand forecast which was carried out considering imported styrene prices, a monomer used for the production of Plasticizers. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
•Plasticizers manufacturers and other stakeholders
•Organizations, forums, and alliances related to Plasticizers distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Plasticizers manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, the World-wide Plasticizers market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by Types
Cables & Wires ,Vinyl Flooring, Leather Cloth, Automobile, Food Packaging, Flexible PVC Films, Footwear, Construction and Adhesives
Market, by Sales Channel
Direct Sale, Direct Import, Distributor & Traders, Retailers
Market, by Region
North, East, West, South
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