Plasticizer Market
The global plasticizer market is expected to register a CAGR of 5.4% from 2018 to 2025. The major driving forces of the global plasticizer market are the growing demand for flexible PVC in different applications, increase in adoption of non-phthalate & high molecular weight phthalate plasticizers, and growing packaging industries. Stricter health regulations have limited the use of plasticizers, especially phthalates. The market share of phthalates decreased during the forecasted period due to the growth in consumption of plasticizers such as terephthalates, epoxy, aliphatics, and benzoates. The aforementioned are the replacements for Di (2-ethylhexyl) phthalate (DEHP) and other phthalates mainly Diisononyl phthalate (DINP), and Benzyl butyl phthalate (BBP).
The use of plasticizer substitute wood and iron products such as windows, floorings, doors, and pipes, which leads the demand for plasticizers. The harmful effects of plastics on the environment, strict government regulations restraining the usage of plastics are expected to restrict the growth of the global plasticizer market in the future.
Fig.2 Global Plasticizer Consumption, by Type, 2017 (KT)
Asia-Pacific dominates the plasticizer market, in terms of volume during forecasted period. This is caused due to improved economic condition, increased infrastructural development, large demand of PVC products from different end user industries such as healthcare, construction and housing, automotive, electric and electronics, and medical.
Phthalates, aliphates, and polymeric plasticizers are the key products available in the global plasticizers market. Phthalates is preferred largely among consumers and is expected to remain significant among all the product types in the future.
Wires and cables segment accounted for the largest plasticizer market during forecasted period, due to high usage of plasticizers in the electrical and cable industry for products such as jacketing for electrical conductors and insulation for fiber optic cables. The flooring and wall segment has maximum demand from construction and housing segment due to the increased need for renovations and maintenance of buildings.
Arkema, BASF, Dow Chemical, Evonik, Exxon Mobile, Eastman, LANXESS, Teknor Apex, Galata Chemicals, Aekyung Petrochemical, LG Chem, and UPC Group.
Scope of the Study
The global plasticizer market is segmented by type, application, end user, and by region.1. Global Cloud Computing in Healthcare Market, By Type
1.1. Phthalates
1.2. Aliphatic
1.3. Terephthalates
1.4. Epoxy plasticizers
1.5. Benzoates
1.6. Trimellitates
1.7. Phosphate plasticizers
1.8. Polymeric plasticizers
1.9. Other
2. Global Cloud Computing in Healthcare Market, By Application
2.1. Flooring & Wall
2.2. Film & Sheet Coverings
2.3. Wires & Cables
2.4. Coated Fabrics
2.5. Consumer Goods
2.6. Others
3. Global Cloud Computing in Healthcare Market, By End User
3.1. Construction & Remodelling
3.2. Electronics & Communication
3.3. Automobile & Tire industry
3.4. Medical & Healthcare
3.5. Others
4. Global Cloud Computing in Healthcare Market, By Region
4.1. North America
4.1.1. U.S.
4.1.2. Canada
4.1.3. Mexico
4.2. Europe
4.2.1. Germany
4.2.2. U.K.
4.2.3. Italy
4.2.4. Spain
4.2.5. Rest of Europe
4.3. Asia-Pacific
4.3.1. China
4.3.2. India
4.3.3. Japan
4.3.4. Australia
4.3.5. Rest of APAC
4.4. RoW
4.4.1. Brazil
4.4.2. Argentina
4.4.3. South Africa
4.4.4. Others in RoW
1. Market Introduction
1.1. Key Research Objectives
1.2. Market Definition
1.3. Report Scope
1.3.1. Segmental Scope
1.3.2. Regional Scope
1.4. Currency & Conversions
1.5. Research Assumptions & Limitations
1.5.1. Assumptions
1.5.2. Limitations
2. Research Methodology
2.1. Market Size Estimation
2.2. Market Breakdown & Data Triangulation
2.3. Sources
2.3.1. Key Secondary Sources
2.3.2. Key Primary Sources
2.3.3. Key Industry Insights
3. Executive Summary
3.1. Overview
3.2. Global Plasticizers Market, by Type
3.3. Global Plasticizers Market, by Application
3.4. Global Plasticizers Market, By End User
3.5. Global Plasticizers Market, by Region
3.6. Leading strategic developments
3.7. Market Life Cycle Analysis
4. Market Overview
4.1. Market Dynamics
4.1.1. Factor Analysis
4.1.1.1. Parent Market Analysis
4.1.1.2. Demand-Side Analysis
4.1.1.3. Supply-Side Analysis
4.1.2. Drivers
4.1.3. Barriers
4.1.4. Opportunities
4.1.5. Challenges
4.2. Global Plasticizers Market Scenario
4.2.1. Global Plasticizers Market, by Type
4.2.2. Global Plasticizers Market, by Application
4.2.3. Global Plasticizers Market, By End User
4.2.4. Global Plasticizers Market, by Region
5. Industry Analysis
5.1. Value Chain Analysis
5.2. Porter’s Five Forces Analysis
5.3. Strategic Benchmarking
5.4. Regulatory Framework
6. Global Plasticizers Market, by Type
6.1. Phthalates
6.1.1. By Region
6.1.2. Diisononyl phthalate
6.1.3. Diisodecyl phthalate
6.1.4. Di(2-propylheptyl) phthalate
6.1.5. Di(2-ethylhexyl) phthalate
6.1.6. n-Butyl benzyl phthalate
6.1.7. Linear phthalates
6.1.8. Diundecyl phthalate
6.1.9. Ditridecyl phthalate
6.1.10. Dimethyl phthalate
6.1.11. Di-n-butyl phthalate
6.1.12. Diethyl phthalate
6.1.13. Other
6.2. Aliphatic
6.2.1. By Region
6.2.2. Adipates
6.2.3. Triethylene glycol di-2-ethylhexanoate
6.2.4. Alkane sulfonic esters of phenol
6.2.5. Azelates and sebacates
6.2.6. Citrates
6.2.7. Other
6.3. Terephthalates
6.3.1. By Region
6.3.2. Dioctyl Terephthalates
6.3.3. Di-n-butyl Terephthalates
6.4. Epoxy plasticizers
6.4.1. By Region
6.5. Benzoates
6.5.1. By Region
6.6. Trimellitates
6.6.1. By Region
6.6.2. Trioctyl Trimellitates
6.6.3. Triisononyl Trimellitates
6.6.4. Other
6.7. Phosphate plasticizers
6.7.1. By Region
6.7.2. Aryl phosphates
6.7.3. Alkyl phosphates
6.8. Polymeric plasticizers
6.8.1. By Region
6.9. Other
6.9.1. By Region
7. Global Plasticizers Market, By Application
7.1. Flooring & Wall
7.1.1. By Region
7.2. Film & Sheet Coverings
7.2.1. By Region
7.3. Wires & Cables
7.3.1. By Region
7.4. Coated Fabrics
7.4.1. Overview
7.4.2. By Region
7.5. Consumer Goods
7.5.1. By Region
7.6. Others
7.6.1. By Region
8. Global Plasticizers Market, By End User
8.1. Construction & Remodeling
8.1.1. By Region
8.2. Electronics & Communication
8.2.1. By Region
8.3. Automobile & Tire industry
8.3.1. By Region
8.4. Medical & Healthcare
8.4.1. By Region
8.5. Others
8.5.1. By Region
9. Global Plasticizers Market, By Region
9.1. North America
9.1.1. By Country
9.1.2. By Type
9.1.3. By Application
9.1.4. Key Country-wise Insights
9.1.4.1. US
9.1.4.1.1. By Type
9.1.4.1.2. By Application
9.1.4.1.3. By End User
9.1.4.2. Canada
9.1.4.2.1. By Type
9.1.4.2.2. By Application
9.1.4.2.3. By End User
9.1.4.3. Mexico
9.1.4.3.1. By Type
9.1.4.3.2. By Application
9.1.4.3.3. By End User
9.2. Europe
9.2.1. By Country
9.2.2. By Type
9.2.3. By Application
9.2.4. Key Country-wise Insights
9.2.4.1. Germany
9.2.4.1.1. By Type
9.2.4.1.2. By Application
9.2.4.1.3. By End User
9.2.4.2. U.K.
9.2.4.2.1. By Type
9.2.4.2.2. By Application
9.2.4.2.3. By End User
9.2.4.3. Italy
9.2.4.3.1. By Type
9.2.4.3.2. By Application
9.2.4.3.3. By End User
9.2.4.4. Spain
9.2.4.4.1. By Type
9.2.4.4.2. By Application
9.2.4.4.3. By End User
9.2.4.5. Rest of Europe
9.2.4.5.1. By Type
9.2.4.5.2. By Application
9.2.4.5.3. By End User
9.3. Asia-Pacific
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.3.4. Key Country-wise Insights
9.3.4.1. China
9.3.4.1.1. By Type
9.3.4.1.2. By Application
9.3.4.1.3. By End User
9.3.4.2. India
9.3.4.2.1. By Type
9.3.4.2.2. By Application
9.3.4.2.3. By End User
9.3.4.3. Japan
9.3.4.3.1. By Type
9.3.4.3.2. By Application
9.3.4.3.3. By End User
9.3.4.4. Australia
9.3.4.4.1. By Type
9.3.4.4.2. By Application
9.3.4.4.3. By end User
9.3.4.5. Rest of Asia-Pacific
9.3.4.5.1. By Type
9.3.4.5.2. By Application
9.3.4.5.3. By End User
9.4. RoW
9.4.1. By Country
9.4.2. By Type
9.4.3. By Application
9.4.4. Key Country-wise Insights
9.4.4.1. Brazil
9.4.4.1.1. By Type
9.4.4.1.2. By Application
9.4.4.1.3. By End User
9.4.4.2. Argentina
9.4.4.2.1. By Type
9.4.4.2.2. By Application
9.4.4.2.3. By End User
9.4.4.3. GCC
9.4.4.3.1. By Type
9.4.4.3.2. By Application
9.4.4.3.3. By End User
9.4.4.4. Other
9.4.4.4.1. By Type
9.4.4.4.2. By Application
9.4.4.4.3. By End User
10. Competitive Landscape
10.1. Market Share Analysis
10.2. Key Strategic Developments
10.2.1. Overview
10.2.2. Mergers & Acquisitions
10.2.3. Expansions & Investments
10.2.4. New Product Developments
10.3. Competitive Matrix
11. Company Profiles
11.1. Introduction
11.2. Arkema
11.2.1. Company Overview
11.2.2. Product Portfolio
11.2.3. SWOT Analysis
11.2.4. Strategic Development Activities
11.2.5. Converged Markets’ View
11.3. BASF
11.3.1. Company Overview
11.3.2. Product Portfolio
11.3.3. SWOT Analysis
11.3.4. Strategic Development Activities
11.3.5. Converged Markets’ View
11.4. Dow Chemical
11.4.1. Company Overview
11.4.2. Product Portfolio
11.4.3. SWOT Analysis
11.4.4. Strategic Development Activities
11.4.5. Converged Markets’ View
11.5. Evonik
11.5.1. Company Overview
11.5.2. Product Portfolio
11.5.3. SWOT Analysis
11.5.4. Strategic Development Activities
11.5.5. Converged Markets’ View
11.6. Exxon Mobile
11.6.1. Company Overview
11.6.2. Product Portfolio
11.6.3. SWOT Analysis
11.6.4. Strategic Development Activities
11.6.5. Converged Markets’ View
11.7. Eastman
11.7.1. Company Overview
11.7.2. Product Portfolio
11.7.3. SWOT Analysis
11.7.4. Strategic Development Activities
11.7.5. Converged Markets’ View
11.8. LANXESS
11.8.1. Company Overview
11.8.2. Product Portfolio
11.8.3. SWOT Analysis
11.8.4. Strategic Development Activities
11.8.5. Converged Markets’ View
11.9. Teknor Apex
11.9.1. Company Overview
11.9.2. Product Portfolio
11.9.3. SWOT Analysis
11.9.4. Strategic Development Activities
11.9.5. Converged Markets’ View
11.10. Galata Chemicals
11.10.1. Company Overview
11.10.2. Product Portfolio
11.10.3. SWOT Analysis
11.10.4. Strategic Development Activities
11.10.5. Converged Markets’ View
11.11. Aekyung Petrochemical
11.11.1. Company Overview
11.11.2. Product Portfolio
11.11.3. SWOT Analysis
11.11.4. Strategic Development Activities
11.11.5. Converged Markets’ View
11.12. LG Chem
11.12.1. Company Overview
11.12.2. Product Portfolio
11.12.3. Strategic Development Activities
11.12.4. Converged Markets’ View
11.13. UPC Group
11.13.1. Company Overview
11.13.2. Product Portfolio
11.13.3. Strategic Development Activities
11.13.4. Converged Markets’ View
12. Appendix
12.1. Discussion Guide
12.2. Additional Customizations
12.3. Disclaimer
Flexible polyvinyl chloride (PVC) accounts for 85%–90% of the global plasticizer consumption. Flexible PVC is used in different sectors such as, in construction for flooring and wall coverings, electrical for wire and cable jacketing, consumer goods for toys, footwear, etc., packaging, transportation for inside and outside of vehicles, furnishings, and medical uses for tubing, blood bags, and others. Continues growth of flexible PVC will generate the maximum demand for plasticizers. Vietnam is a leading manufacturer of Wire & Cable (W&C;) that uses PVC; and investment in the PVC glove manufacturing plants in the country is driving the demand for plasticizer.
Plasticizer with low molecular weight includes DEHP, BBP, and DBP, whereas, plasticizer with high molecular weight such as DINP & DIDP. The mixture of plasticizer sub segments with polyvinyl chloride (PVC) such as PVC+DINP, and DIDP are highly demanded in global plasticizer market as they are safe, flexible, durable, cost effective, and recyclable.
China is the largest plasticizer market in the world, accounting for nearly 42% of global plasticizer consumption in 2017. It also has the highest forecast consumption growth due to increased plasticizer consumption in goods, for both domestic and export markets.
According to European Council for Plasticisers and Intermediates (ECPI), around 96% of plasticisers are used in soft PVC production for durable goods such as cable, film, roofing, flooring or wall coverings, and others. Other 4% is used in sensitive applications such as medical devices, food packaging, toys; these applications are covered by specific European legislation to ensure optimal consumer and environmental safety. High molecular weight phthalates account for around 85% of the European market. Low molecular weight phthalates represent less than 11% of the phthalates used in Europe.
Fig. 1 Plasticizer Consumption by Country/Region, 2017 (KT)
In China, the demand for plasticizer was about 4200 KTPA in 2016. UN899 was expected to replace 30% of DOTP market in 2017.
The Asia-Pacific region is the fastest growing market in this sector. The increased PVC demand is driving the plasticizer market, development of high and non-phthalates, emergence of bio-based plasticizers, heightened fear of contamination experienced during recent viral epidemics is driving the demand for Plasticizers gels.
The key leading players in the global plasticizer market are Arkema, BASF, Dow Chemical, Evonik, Exxon Mobile, Eastman, LANXESS, Teknor Apex, Galata Chemicals, Aekyung Petrochemical, LG Chem, and UPC Group.
