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Plasticizers Market Analysis and In-Depth Analysis on Market Dynamics, Emerging Trends, Growth Factors and Sales Forecast

Press Release

The demand for plasticizers is growing at a significant rate, owing to their use as a raw material for the production of construction material, such as pipes and tubes, roof and wall insulation, and building interiors. In addition, the global construction industry has witnessed recovery and stable growth in the past five years, which has been mirrored by the increasing population and growing urbanization rate across the globe. In countries such as China, India, and Brazil, the growing urbanization rate is expected to boost the plasticizer demand for producing building materials for cladding, roofing, flooring, and several other construction applications, thereby driving the plasticizers market.

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Based on product, phthalate plasticizers accounted for the larger market share, of more than 65.0% in 2018, in terms volume, in the plasticizers market. This significant market share is ascribed to their large-scale usage in the production of various products, including coatings, plastics used in the healthcare sector, anti-viscosity agents, and emulsifying agents. Though phthalate plasticizers have a huge end-use base, some of the demand is expected to be replaced by non-phthalate plasticizers, during the forecast period, owing to their less toxic nature.

Geographically, Asia Pacific (APAC) dominated the plasticizers market, accounting for over 60.0% share in 2018, in terms of both value and volume. This significant market size and predicted growth are attributed to the region’s high-volume manufacturing industry, particularly automotive, chemicals, electrical & electronics, and construction, all of which use plasticizers to make the end product smooth and flexible. Thus, the wide usage of plasticizers in the region is projected to further boost the market growth over the coming years.

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Plasticizers Market Segmentation

Market Segmentation by Product

  • Phthalates
    • Dioctyl phthalate (DOP)
    • Diisononyl phthalate (DINP)
    • Diisodecyl phthalate (DIDP)
    • Di(2-propylheptyl) phthalate (DPHP)
    • Dibutyl phthalate (DBP)
    • Diisobutyl phthalate (DIBP)
    • Others
  • Non-Phthalates
    • Terephthalates
      • Dioctyl terephthalate (DOTP)
      • Dibutyl terephthalate (DBT)
    • Adipates
      • Dioctyl adipate (DOA)
      • Diisononyl adipate (DINA)
      • Others
    • Maleates
      • Trioctyl trimellitate (TOTM)
      • Triisononyl trimellitate (TINTM)
      • Dibutyl maleate (DBM)
      • Dioctyl maleate (DOM)
      • Others
    • 1,2-Cyclohexane dicarboxylic acid diisononyl ester (DINCH)
    • Others

Market Segmentation by End Use

  • Wires & Cables
  • Flooring, Roofing, & Cladding
  • Films & Sheets
  • Automotive Parts
  • Medical Equipment
  • Toys & Child Care Products
  • Others

This post was originally published on Raleigh Recorder