Plasticizers Market Report 2026

The plasticizers market size has grown strongly in recent years. It will grow from $98.62 billion in 2025 to $106.19 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growth of pvc production, expansion of construction activities, rising demand for flexible plastics, availability of phthalate plasticizers, increasing industrial plastic consumption.

The plasticizers market size is expected to see strong growth in the next few years. It will grow to $147.5 billion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to stringent environmental regulations, rising demand for non toxic additives, growth in cable and electronics manufacturing, expansion of infrastructure projects, advancements in bio based plasticizers. Major trends in the forecast period include growing shift toward non phthalate plasticizers, increasing use of plasticizers in flexible pvc products, rising demand from flooring and wall coverings, expansion of plasticizer use in wires and cables, increasing adoption in consumer goods manufacturing.

The increasing demand from the construction industry is expected to propel the growth of the plasticizer market going forward. The construction industry, also known as the building or construction sector, includes a wide range of activities related to the planning, design, development, and construction of buildings, infrastructure, and other structures. Plasticizers are used in construction to enhance the workability and flexibility of concrete and mortar, making them easier to mix, pour, and shape while reducing cracking and improving durability. For instance, in July 2023, according to the Australian Bureau of Statistics, an Australian-based government administration, the number of dwellings under construction in the March quarter of 2023 increased to 240,813, up from 240,065 in 2022. Among these, new houses totaled 103,778, compared to 101,240 in the previous year. Therefore, increasing demand from the construction industry will drive the plasticizer market.

Major companies operating in the plasticizers market are focusing on non-phthalate and bio-based plasticizers, such as hydrogenated or sustainably sourced alternatives, to gain a competitive advantage. For instance, in August 2023, LANXESS, a Germany-based specialty chemicals company, introduced a more sustainable version of its phthalate-free plasticizer Mesamoll, sourcing over 30% of its inputs from sustainable feedstocks and reducing its product carbon footprint by around 20%. This plasticizer maintains high performance, including strong gelling capacity, saponification resistance, and compatibility with PVC, PUR, and rubber, while appealing to customers focused on environmental compliance.

In December 2023, Aekyung Chemical Co., a consumer goods producer based in South Korea, acquired VINA Plasticizers Chemical Company (VPCHEM) for an undisclosed sum. This acquisition of Vietnam's sole plasticizer manufacturing facility aligns with Aekyung Chemical's growth strategy, boosting its annual plasticizer production capacity from 550,000 tons (400,000 tons in Korea and 150,000 tons in China) to 660,000 tons. VPCHEM is expected to enhance Aekyung’s production capabilities and strengthen its market presence in Southeast Asia, as VPCHEM is a Vietnam-based manufacturer of plasticizers.

Major companies operating in the plasticizers market are LG Chem Ltd., Dow Chemical Company, BASF SE, UPC Group, Evonik Industries, Arkema S.A., INEOS Group, Eastman Chemical Company, Exxon Mobil Corporation, Nan Ya Plastics Corporation, Indo-Nippon Chemical Co. Ltd., KLJ Group, Amines & Plasticizers Limited, Lemon-Flex Company Limited, Bluesail Group Co. Ltd., Zhejiang Jiaao Enprotech Stock Co., Ltd., Shanghai Rongou Chemical Technology Co. Ltd., Nayakem Organics Pvt. Ltd., Gapuma UK Ltd., Alphagary, Perstorp, DOMO Chemicals, Grupa Azoty ZAK S.A., Gazprom Neft, SIBUR, GJ Chemical, Chemionics Corp., ChemCeed, Valtris, Hanwha International LLC, TRInternational Inc., Broadview Technologies Inc., Lestar Química, Innospec, Elekeiroz, BIOPOL S.A., Astra Polymers Compounding Company, Nassagi Iran Rise Alborz, Al Faisal Plastic Company, I. Plast Ltd., Nasydco, Teknor Apex.

Asia-Pacific was the largest region in the plasticizers market in 2025. North America was the second-largest region in the global plasticizers market. The regions covered in the plasticizers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plasticizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The plasticizers market consists of the sales of azelates, citrates, ortho-phthalates, terephthalates, and sebacates. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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