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Global Plasticisers Market Expected to Reach US 23 Billion by 2026, Driven by the Rising Demand for Bio-Plasticisers

According to a new report by EMR titled, 'Global Plasticisers Market Report and Forecast 2021-2026', the global market for plasticisers is expected to grow at a CAGR of 3.5% in the forecast period of 2021-2026 to reach a value of USD 23 billion by 2026.

The plasticisers industry is being driven by its application as additives in many materials globally. The plasticisers are majorly used in plastics and polyvinyl chloride (PVC). The market is further being boosted by the initiatives undertaken by the regulatory authorities to promote eco-friendly products. This has stimulated the demand for bio-plasticisers in developed regions. Although the phthalate-based plasticiser was a dominant segment and represented the majority of the market share of plasticisers, it is facing a wavering growth owing to the rise in health concerns and stringent government regulations. This has led to the rising demand for bio-plasticisers that is presently an important trend in the market.

The market is further aided by the product advancements and developments being made by the industry players. Exxon Mobil Corporation (NYSE: XOM) has developed Jayflex™ DINP plasticizer, which offers an opportunity to save costs and provide a good balance of properties. It is used for PVC and is a brilliant substitute for Di (2-ethylhexyl) phthalate (DOP) in most compliant PVC applications. The product is safe to use, non-carcinogenic, and non-mutagenic. It is also not toxic for reproduction category 1 or 2. The new developments within the plasticisers industry strengthen it, and further is expected to promote its growth over the forecast period.

Market Analysis by Type, Application, and Region:

  • The plasticisers industry, on the basis of type, is divided into phthalate esters, aliphatic dibasic, acid esters, benzoate, trimellitate, polyesters, and bio-based plasticisers, among others.
  • Based on applications, the market is segmented into film and sheet, flooring and walls, wire and cable, coated fabrics, and consumer goods, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The plasticisers industry is driven by the introduction of bio-based plasticisers in the market.
  • The rising demand for secure, bio-degradable, and non-phthalate-based plasticisers from end use industries is further aiding the market growth.
  • The global awareness regarding toxicity of plasticisers has led to the rising demand for its eco-friendly bio-based alternative.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for plasticisers for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, and major regions of plasticisers. 
  • It gives an in-depth look at the regional price trends in the global market for plasticisers.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

BASF SE, Arkema Group, Evonik Industries AG, Exxon Mobil Corporation, Eastman Chemical Company, LG Chem, and Ineos AG, among others, are the key players in the global plasticisers market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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