Plasticizers Market by Type (DINP, DIDP, DPHP, DOP, Terephthalates, Trimellitates, Epoxides, Phosphates, Sebacates, Extenders, Aliphatic Dibasic Esters, and Others) and Application (Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, and Others)
The global plasticizers market was valued at $15,179 million in 2015, and is expected to reach $18,538 million by 2022, registering a CAGR of 2.9% from 2016 to 2022. Plasticizers are additives incorporated in a material to increase its flexibility, workability, tear resistance, and durability. These compounds lower the second-order transition temperature of micro-molecules, elastic modulus, tensile strength, density, and hardness & melt viscosity of the material, thereby making it soft and resilient. Plasticizers also reduce polymer–polymer chain secondary bonding by spreading them apart, increasing the free volume, which enhances flexibility, elongation at break, toughness, power factor, and dielectric constant. An effective plasticizer must contain two types of structural components: polar and non-polar. The polar component must be able to bind reversibly with the polymer, thereby softening it, while the non-polar part controls the polymer interaction to maintain its crystallinity.
Change in lifestyle and increased disposable income of consumers in Asia-Pacific, Middle East, and Latin America have led to increase in growth of consumer electronics & medical industries, leading to high market potential for plasticizers. Growth in population and urbanization in emerging economies, such as India and China, have boosted the construction activities and automobile production, thus driving the market growth. However, strict regulations, fluctuations in cost, and availability of raw materials that serve as plasticizer feedstock may cause a significant reduction in the plasticizer market revenue, thus hampering this growth.
The report segments the global plasticizers market based on type, application, and geography. By type, the market is divided into phthalates, terephthalates, trimellitates, epoxides, phosphates, sebacates, extenders, aliphatic dibasic esters, and others. Phthalates is the dominant product segment, owing to their high-performance properties such as strong solvent, low transition temperature, low volatility, low diffusion, stability, and flame retardance. By application, the market is categorized into flooring & wall, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2015, Asia-Pacific accounted for the largest share, owing to emergence of China as the key contributor in consumption of plasticizers, and it is expected to maintain its dominance during the forecast period.
Major players profiled in this study are as follows:
Daelim Industrial Co. Ltd.
Dow Chemical Company
LG Chem Ltd.
Evonik Industries AG
Eastman Chemical Company
Other Key Players
Aekyung Petrochemical Co. Ltd.
Blue Sail Chemical Group
Clariant International Ltd.
Grupa Azoty S.A.
Nan Ya Plastics Corporation
Amines & Plasticizers Ltd.
Varteco Quimica Puntana S.A.
Deza A. S.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the global plasticizers market from 2014 to 2022, in terms of value and volume, which assist in identifying the prevailing opportunities.
Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific & LAMEA, including different countries in each region.
Detailed analysis of the market by type helps to understand the various types of plasticizer products that are currently in use, along with the variants that would gain prominence in the future.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to offer a competitive advantage to stakeholders to make profit-oriented business decisions and help strengthen their supplier and buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
Chapter: 1 Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders:
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
Chapter: 2 Executive Summary
2.1. Key Finding Of The Study
2.2. CXO Perspective
Chapter: 3 Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Regulatory Framework: Plasticizers
3.3.1. North America
3.4. Porters Five Forces Analysis
3.4.1. Bargaining Power Of Suppliers
3.4.2. Bargaining Power Of Buyers
3.4.3. Threat Of Substitution
3.4.4. Threat Of New Entrants
3.4.5. Competitive Rivalry
3.5. Market Dynamics
126.96.36.199. Upsurge In Demand For Flexible Pvc
188.8.131.52. Increasing Use Of Hmw Phthalates And Non-Phthalates
184.108.40.206. Growing Packaging Industry
220.127.116.11. Impact Analysis
18.104.22.168. Toxicity Of Pvc
22.214.171.124. Strict Government Regulations On Phthalates
126.96.36.199. Impact Analysis
188.8.131.52. Ongoing Research On Bio-Based Plasticizers
184.108.40.206. Growing Demand For Automotive Across The Globe
220.127.116.11. Impact Analysis
3.6. Patent Analysis
3.6.1. Patent Analysis By Year
3.6.2. Patent Analysis By Region
3.6.3. Patent Analysis By Company
Chapter: 4 Global Plasticizers Market, By Type
4.1.1. Market Size & Forecast
4.2.1. Key Market Trends, Growth Factors & Opportunities
4.2.2. Market Size & Forecast
4.2.7. Other Phthalates
4.3.1. Key Market Trends, Growth Factors & Opportunities
4.3.2. Market Size & Forecast
4.4.1. Key Market Trends, Growth Factors & Opportunities
4.4.2. Market Size & Forecast
4.5.1. Key Market Trends, Growth Factors & Opportunities
4.5.2. Market Size & Forecast
4.6.1. Key Market Trends, Growth Factors & Opportunities
4.6.2. Market Size & Forecast
4.7.1. Key Market Trends, Growth Factors & Opportunities
4.7.2. Market Size & Forecast
4.8.1. Key Market Trends, Growth Factors & Opportunities
4.8.2. Market Size & Forecast
4.9. Aliphatic Dibasic Esters
4.9.1. Key Market Trends, Growth Factors & Opportunities
4.9.2. Market Size & Forecast
4.10.1. Key Market Trends, Growth Factors & Opportunities
4.10.2. Market Size & Forecast
Chapter: 5 World Plasticizers Market, By Application
5.1.1. Market Size & Forecast
5.2. Flooring & Walls
5.2.1. Key Market Trends, Growth Factors & Opportunities
5.2.2. Market Size & Forecast
5.3. Film & Sheet Coverings
5.3.1. Key Market Trends, Growth Factors & Opportunities
5.3.2. Market Size & Forecast
5.4. Wires & Cables
5.4.1. Key Market Trends, Growth Factors & Opportunities
5.4.2. Market Size & Forecast
5.5. Coated Fabrics
5.5.1. Key Market Trends, Growth Factors & Opportunities
5.5.2. Market Size & Forecast
5.6. Consumer Goods
5.6.1. Key Market Trends, Growth Factors & Opportunities
5.6.2. Market Size & Forecast
5.7.1. Key Market Trends, Growth Factors & Opportunities
5.7.2. Market Size & Forecast
Chapter: 6 Global Plasticizers Market, By Geography
6.1.1. Market Size & Forecast
6.2. North America
6.2.1. Key Market Trends, Growth Factors & Opportunities
6.2.2. Market Size And Forecast
18.104.22.168. Market Size And Forecast
22.214.171.124. Market Size And Forecast
126.96.36.199. Market Size And Forecast
6.3.1. Key Market Trends, Growth Factors & Opportunities
6.3.2. Market Size & Forecast
188.8.131.52. Market Size And Forecast
184.108.40.206. Market Size And Forecast
220.127.116.11. Market Size And Forecast
18.104.22.168. Market Size And Forecast
22.214.171.124. Market Size And Forecast
126.96.36.199. Market Size And Forecast
188.8.131.52. Market Size And Forecast
6.3.10. Rest Of The Europe
184.108.40.206. Market Size And Forecast
6.4.1. Key Market Trends, Growth Factors & Opportunities
6.4.2. Market Size & Forecast
220.127.116.11. Market Size And Forecast
18.104.22.168. Market Size And Forecast
22.214.171.124. Market Size And Forecast
126.96.36.199. Market Size And Forecast
188.8.131.52. Market Size And Forecast
184.108.40.206. Market Size And Forecast
220.127.116.11. Market Size And Forecast
18.104.22.168. Market Size And Forecast
6.4.11. Rest Of Asia-Pacific
22.214.171.124. Market Size And Forecast
6.5.1. Key Market Trends, Growth Factors & Opportunities
6.5.2. Market Size & Forecast
126.96.36.199. Market Size And Forecast
188.8.131.52. Market Size And Forecast
6.5.5. South Africa
184.108.40.206. Market Size And Forecast
220.127.116.11. Market Size And Forecast
6.5.7. Rest Of The Lamea
18.104.22.168. Market Size And Forecast
Plasticizers are additives applied in polymers & other materials to enhance their softness, flexibility, and processability. They are applicable in flooring & wall coverings, films & sheets, wires & cables, coated fabrics, consumer goods, and several others. The global plasticizers market is segmented based on type, application, and geography. Raw materials for plasticizers generally comprise esterification of different types of alcohols & acids as well as other chemicals as per the required application.
Emerging applications of plasticizers in various end-user industries and high demand for non-phthalate plasticizers in different regions are major factors that are expected to drive the market growth. However, strict government regulations over some of the phthalates and toxicity of PVC polymer may hamper this growth. Increase in demand for bio-based plasticizers for products, such as personal care cosmetics, toys, food contact materials, health care commodities, and others, are expected to create growth opportunities for various players in the market.
Bio-based plasticizers, such as epoxides & sebacates, are expected to grow at the highest CAGR throughout the analysis period, due to their remarkable properties such as non-toxic nature, high efficiency, improved heat stability, lower volatility, and others. These are employed in automotive, adhesive & sealants, paints & coatings, and other end uses.
In 2015, the phthalates type occupied major market in terms of revenue; However, this trend is expected to decline to some extent during the forecast period, owing to the harmful effects of few phthalate plasticizers such as endocrine disruption and damage to reproductive system as well as kidney, lungs, and liver, resulting in their complete or interim level ban by regulatory bodies. The main applications employing plasticizers include floorings & walls and wires & cables. Moreover, the wires & cables application segment accounted for second largest market share in 2015, and is expected to grow at the CAGR of 2.3% during the forecast period.
Key findings of Plasticizers Market
Film & sheet coverings is anticipated to be the fastest growing application segment, in value terms, growing at a CAGR of 3.5% from 2016 to 2022.
Asia-Pacific is expected to continue to be the dominant share holder, with more than half of the global plasticizers market, with highest CAGR of 3.2% in terms of revenue.
The flooring & wall segment occupied the maximum market share, and is expected to grow at a CAGR of 3.4% during the forecast period.
China is the largest country in terms of demand & supply in global plasticizers market.
DINP segment accounted for one-third of the global phthalates market in 2015
In 2015, Asia-Pacific and LAMEA collectively accounted for more than half of the global plasticizers market, with lucrative CAGR and are expected to continue this trend. This is attributed to upsurge in construction & packaging industries, specifically in China, India, Brazil, and other developing economies. Growth in urbanization & industrialization are the main reasons for growth of the plasticizers market in Asia-Pacific.
The major companies profiled in the report include Arkema S.A., BASF SE, Daelim Industrial Co. Ltd., Dow Chemical Company, LG Chem Ltd., Evonik Industries AG, ExxonMobil Chemical, Eastman Chemical Company, Ineos Group, and UPC Group.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.