Global Plasticizers Market 2017-2021

This industry research report identifies BASF, Eastman Chemical Company, Evonik Industries, ExxonMobil, and LG Chem as the key vendors in the global plasticizers market. This industry research report also presents a detailed analysis of the market by type (low-phthalates, high-phthalates, and non-phthalates), by application (floor wall and coverings, wires and cables, film and sheets, coated fabric, and others), and by geography (APAC, Europe, North America, and ROW).

Overview of the global plasticizers market

Research analysis on the global plasticizers market identifies that the increasing demand for automotive applications will be one of the major factors that will have a positive impact on the growth of the market. Plasticizers act as additives and are used for the plasticity and viscosity of the product. They are generally mixed with PVC and other polymers. The rising need for lightweight vehicles and the introduction of new emission standards will subsequently drive the demand for PVC products in automotive applications. This will propel the growth of the plasticizers market, which according to our market research analysts will grow at a CAGR of more than 4% by 2021.

In terms of geographic regions, APAC will account for the major shares of the plasticizers market. The region has witnessed increasing R&D for the development of new products. The major end-user industries include remodeling/construction, automotive production, and original equipment manufacturers (OEMs). The increased demand for goods in both export and domestic sectors will fuel the market's growth prospects in this region.

Competitive landscape and key vendors

Characterized by the presence of large and small-scale vendors, this market appears to be fragmented and is competitive. The vendors in the market are focusing on technological advancements to offer innovative and high-quality products to end users. Additionally, they are also focusing on developing eco-friendly plasticizers, which will in turn, help them improve their market presence.

The leading vendors in the market are -

• BASF
• Eastman Chemical Company
• Evonik Industries
• ExxonMobil
• LG Chem

The other prominent vendors in the market are Adeka India, Aekyung Petrochemical, Perstorp, Amines & Plasticizers, Bluesail Group, DEZA, KLJ Group, NAN YA PLASTICS, Shandong Hongxin Chemicals, Teknor Apex, UPC Group, Valtris Specialty Chemicals, and Varteco.

Segmentation by type and analysis of the plasticizers market

• Low-phthalates
• High-phthalates
• Non-phthalates

During 2016, the low-phthalates segment accounted for the major shares of this market. Low-phthalate plasticizers are used in general purpose PVC, medical devices, cosmetics, adhesives, and inks. The demand for low-phthalates is mainly from the Asian regions where the demand for PVC is quite high.

Segmentation by application and analysis of the plasticizers market

• Floor wall and coverings
• Wires and cables
• Film and sheets
• Coated fabric

The floor wall and coverings segment will acount for the maximum shares of this market. Plasticizers are added to PVC materials for longer life and little maintenance of flooring wall and coverings. The increasing demand for flexible PVC membranes that are used in waterproofing applications for roofing and the growing preference for recycling plastic materials and reduced VOC content, drives the demand for PVC in floor and wall coverings. This will in turn, fuel the growth of the plasticizers market in this segment. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global plasticizers market?
• What are the key market trends impacting the growth of the global plasticizers market?
• What are the challenges to market growth?
• Who are the key vendors in the global plasticizers market?
• What are the market opportunities and threats faced by the vendors in the global plasticizers market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global plasticizers market?

Technavio also offers customization on reports based on specific client requirement.