Global Plasticisers Market Expected to Reach USD 28.27 billion by 2032, Driven by the Rising Demand for Bio-Plasticisers

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.

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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 (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) 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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