The expansion of the construction industry, the rising demand for flexible PVC, and advancements of phthalate plasticizers with enhanced characteristics have resulted in boosting the Phthalate Plasticizers market. 

Phthalate Plasticizers Market Size – USD 9.84 Billion in 2018, Growth - CAGR of 3.8%, Trends – The rising demand for flexible PVC

The Global Phthalate Plasticizers Market is forecast to reach USD 13.92 Billion by 2027, according to a new report by Reports and Data. Among the various plasticizers used in PVC, phthalate plasticizers are most commonly used. More than 90% of the plasticizers used in thermoplastic polymers are used in PVC. These plasticizers are added to PVC to support the chains of PVC polymers slide against each other, softening the PVC. These plasticizers are colorless liquids and insoluble in water. However, it is miscible in hexane, mineral oil, and most organic solvents. Due to the above mentioned trait, it is easily soluble in bodily fluids like saliva and plasma. These plasticizers that are used in PVC are effective and inexpensive. DINP (Di-Isononyl Phthalate) and DEHP ( Di-Ethylhexyl Phthalate) are the two mentionable examples of these plasticizers. DEHP is one of the most commonly used PP, which still finds application as the plasticizer in PVC surgical and medical products. Factors like expansion of the construction and automotive sector, and the rising demand for flexible PVC is supporting the sector growth. Different initiatives by industry players like expansion is also supporting the sector growth.

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Top Companies: Exxonmobil, BASF SE, UPC Technology, Aekyung Petrochemical, NAN YA PLASTICS CORPORATION, Evonik Industries, Eastman, LG Chem, Shangdong Qilo Plasticizers and Shandong Hongxin Chemicals.

Further Key Finding from the Report Suggestion:

• The Phthalate Plasticizers market held a market share of USD 9.84 Billion in the year 2018 that is forecasted to grow at a rate of 3.8% during the forecast period.
• In context to Type, the Low phthalates segment is projected to witness a faster growth rate of 4.5% during the forecast period, which expected to hold, 39.0% of the market by 2027. Low phthalates can be further classified into dibutyl phthalate (DBP) and di(2-ethylhexyl) phthalate (DEHP). The growth rate witnessed by the Low phthalates segment is attributed to the continuous expansion of the medical sector and adhesive industry wherein it is used in medical devices adhesives, respectively, thus contributing to the growth rate witnessed by this segment.
• In context to Application, the Flooring Wall Coverings segment held the largest market share of more than 30.0% in 2018, with a growth rate of 3.9% during the forecast period. The high durability of these plasticizers and its ease of maintenance have resulted in its wide application in flooring wall coverings of residential as well as commercial constructions wherein it can survive foot traffic in commercial buildings like in shopping malls.
• In regards to End-user, the Automotive segment is projected to witness the fastest growth rate of 4.2% during the forecast period, which is expected to hold 19.6% of the market by 2027. The market share held by the Automotive segment is attributed to the continuous expansion of the industry, increasing demand for light weight vehicles and applicability of these plasticizers in seat upholstery, seat belt, airbags, thus contributing to the growth rate witnessed by this segment.  
• In regards to the region, North America held 26.0% of the market in 2018, with a CAGR of 3.9% during the forecast period. The market share held by the region is attributed to the high demand for PVC products in commercial and residential applications, which is boosting the market growth in this region.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global Phthalate Plasticizers market is segmented into:

Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• High phthalates
• Low phthalates

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Automotive
• Building and construction
• Electrical and electronics
• Medical
• Paints coatings
• Adhesives sealants
• Packaging
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Wire Cable
• Flooring Wall Coverings
• Consumer Goods
• Film Sheet
• Coated Fabric
• Adhesives And Glues
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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