Global Plasticizer Market is predicted to reach USD 27.8 billion at a CAGR of 6.00% during the forecast period

Pune, India, August 2023, MRFR Press Release/- Market Research Future Published a Half-Cooked Research “Global Plasticizers Market Research Report - Forecast to 2022” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.    

Market Research Future (MRFR) has published a cooked research report on the “Global Plasticizer Market” that contains information from 2023 to 2030. The Global Plasticizer Market is estimated to register a CAGR of 6.00% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Plasticizer Market— BASF SE, DIC Corporation, LG Chem, Evonik, Exxon Mobil Corporation, Lanxess AG, Nan Ya Plastics, KAO Corporation, Polynt SPA, KLJ Group, Polyone Corporation, Jiangsu Zhengdan Chemical Industry Co. Ltd, OXEA GmbH, Vertellus Holdings LLC, and Dahin Co.

Market Highlights

Global Plasticizer Market is accounted to register a CAGR of 6.00% during the forecast period and is estimated to reach USD 27.8 Billion by 2030.

A plasticizer is a chemical compound that is added to polymers, such as plastics and rubbers, to improve their flexibility, workability, and other mechanical properties. Plasticizers are used to increase the elasticity and fluidity of materials, making them easier to process and shaping them into different forms. They work by reducing the intermolecular forces between polymer chains, thereby allowing the material to be more pliable and less brittle. Plasticizers are commonly employed in the production of various plastic products, including flexible PVC (polyvinyl chloride) materials, synthetic rubber, and coatings. They are crucial in industries such as construction, automotive, packaging, and textiles, where materials need to be adaptable, durable, and resistant to cracking or breaking.

Segment Analysis

The Global Plasticizer Market has been segmented based on Type, Application.

Based on Type, the market is segmented into Phthalate Plasticizer and Non-Phthalate Plasticizer. The dominance of the Phthalate Plasticizer category in the market can be attributed to its long-established versatility, cost-effectiveness, and compatibility with a wide range of polymer formulations.

Based on Application, the market is segmented into Flooring & Wall Covering, Wire & Cable, Packaging, Consumer Goods, Medical & Healthcare, Toys and Others. The Flooring & Wall Covering category dominates the market due to its essential role in providing moisture protection and enhancing durability in construction and interior design applications.

Regional Analysis

The Global Plasticizer Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Plasticizer Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Plasticizer Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Plasticizer Market comprises of Middle East, Africa, and Latin America.

In 2022, the Asia-Pacific Plasticizer market reached USD 8.5 billion, constituting about 45.80% of the market share, and is projected to undergo substantial CAGR growth throughout the study period. This expansion is chiefly attributed to escalating demand from various sectors like electrical & electronics, aerospace, building & construction, and automotive across the region. The proliferation of mobile phone adoption in India is further fueling the demand for electrical and electronic components in the Asia-Pacific region.

Claiming the second-largest market share, the North American plasticizer market has witnessed rapid growth, particularly driven by corrugated cardboard applications. The ongoing extensive development projects in the region contribute significantly to the market's expansion, with the US market securing the largest share and the Canadian market emerging as the fastest growing in the area.

Anticipated to exhibit the swiftest compound annual growth rate (CAGR) from 2022 to 2030, the Europe Plasticizer Market is propelled by rapid industrialization and a substantial rise in polymer demand across diverse sectors. Within the region, Italy, Russia, France, the UK, and Germany are notable contributors. The robust automotive industry plays a central role in the market's expansion. Notably, the UK plasticizer market captures the largest market share, while the German market stands out as the fastest-growing in the European region.

Key Findings of the Study

• The Global Plasticizer Market is expected to reach USD 27.8 Billion by 2030, at a CAGR of 6.00% during the forecast period.


• The Asia-Pacific Plasticizer market achieved a value of USD 8.5 billion, representing approximately 45.80% of the market share, and is anticipated to experience significant CAGR growth over the study duration. This notable growth is primarily driven by rising demand across the region's diverse sectors such as electrical & electronics, aerospace, building & construction, and automotive.


• Based on the Application, the Market has been segmented into Flooring & Wall Covering holding the largest market in 2023.

BASF SE, DIC Corporation, LG Chem, Evonik, Exxon Mobil Corporation, Lanxess AG, Nan Ya Plastics, KAO Corporation, Polynt SPA, KLJ Group, Polyone Corporation, Jiangsu Zhengdan Chemical Industry Co. Ltd, OXEA GmbH, Vertellus Holdings LLC, and Dahin Co.

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