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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Plasticisers Coating Additives Market Outlook

The global plasticisers coating additives market reached a value of about USD 2.56 billion in 2023. The market is further expected to grow at a CAGR of 5.8% in the forecast period of 2024-2032 to reach a value of approximately USD 4.26 billion by 2032.

Increasing Demand for Construction and Remodelling to Augment the Plasticisers Coating Additives Industry Growth

Based on end use, the construction and remodelling segment accounts for a significant share in the plasticisers coating additives industry. In the construction industry, plastics play an important role. The increasing use of plastics in a variety of applications, such as pipes, wires, flooring, domes, roofing, windows and doors, storage tanks, hardware containers, and insulation materials, among others, is expected to drive up demand for plasticisers coating additives.

Global Plasticisers Coating Additives Market

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Moreover, plastics are used in the construction industry for a variety of factors, including toughness, cost-effectiveness, recyclability, safety, lightweight, ease of installation, and corrosion resistance. Acrylic (PMMA), polystyrene (PS), polycarbonate (PC), polyethylene (PE), polypropylene (PP), and polyvinylchloride (PVC) are some of the plastics used throughout the construction industry.

The Asia Pacific to Provide Enhanced Growth Opportunities to the Plasticisers Coating Additives Industry

The Asia Pacific region has a significant demand for plasticisers coating additives. The market for plasticisers coating additives in the region is driven by the packaging industry and increased demand from the retail industry. Moreover, polymer industries are booming in developing countries like India, due to their expanding economies. Furthermore, the market expansion can be attributed to the region's growing packaging and automotive industries.

Plasticisers Coating Additives: Market Segmentation

Plasticisers are additives that improve the elasticity of coatings based on film-forming materials. Proper film formation is needed to meet unique application requirements.

Global Plasticisers Coating Additives Market

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By type, the market is divided into:

  • Phthalate Plasticisers
  • Non-Phthalate Plasticisers
  • Bio-Based Plasticisers

Based on type, the phthalate plasticisers segment can further be divided into di-octyl phthalate (DOP), and dibutyl phthalate (DBP), among others, whereas the non-phthalate plasticisers segment is further segmented by type into acetyl tri-butyl citrate (ATBC), and dioctyl adipate (DOA), among others. Furthermore, on the basis of type, the bio-based plasticisers segment can be further classified into epoxidized vegetable oils, castor oil, and succinic acid, among others.

Based on end use, the industry can be segmented into:

  • Pharmaceuticals
  • Construction and Remodelling
  • Electronics and Communication
  • Automotive
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Replacement of Conventional Materials by Plastics in Several Applications to Bolster the Market Growth

The replacement of conventional materials by plastics in various applications is a major factor that is driving the growth of the market. Moreover, increasing disposable income and rapid urbanisation are propelling the industry progress. Furthermore, the rising demand from the Asia Pacific region is favouring the market’s rapid growth. Also, the untapped opportunities in emerging markets for packaging are acting as catalysts for the progress of the industry. Over the forecast period, the increasing demand from agricultural and pharmaceutical applications is expected to play a major role in augmenting the market growth.

Global Plasticisers Coating Additives Market

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Key Industry Players in the Global Plasticisers Coating Additives Market

The report gives a detailed analysis of the following key players in the global plasticisers coating additives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BASF SE
  • Arkema Group
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Eastman Chemical Company
  • LG Chem
  • INEOS Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End Use
  • Region
Breakup by Type
  • Phthalate Plasticisers
  • Non-Phthalate Plasticisers
  • Bio-Based Plasticisers
Breakup by End Use
  • Pharmaceuticals
  • Construction and Remodelling
  • Electronics and Communication
  • Automotive
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE
  • Arkema Group
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Eastman Chemical Company
  • LG Chem
  • INEOS Group
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global plasticisers coating additives market attained a value of nearly USD 2.56 billion.

The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 4.26 billion by 2032.

The major drivers of the market include the replacement of conventional materials by plastics in several applications, rising disposable incomes, and rapid urbanisation.

The market is expected to be driven by the ongoing technological advancements in the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of plasticisers coating additives in the industry are phthalate plasticisers, non-phthalate plasticisers, and bio-based plasticisers.

The major end uses of plasticisers coating additives in the industry are pharmaceuticals, construction and remodelling, electronics and communication, and automotive, among others.

The major players in the industry are BASF SE, Arkema Group, Evonik Industries AG, Exxon Mobil Corporation, Eastman Chemical Company, LG Chem, and INEOS Group, among others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124