Press release
Plasticizers Market Projected to Reach $26.9 Billion by 2031
Meticulous Research®, a prominent global market research firm, recently released a report titled "Plasticizers Market-Global Opportunity Analysis and Industry Forecasts (2024-2031)." The report indicates that the global plasticizers market is projected to reach $26.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=6022
The market's growth is driven by several key factors, including rising construction and infrastructure projects in developing countries and the increasing use of plasticizers in consumer goods and automotive industries. However, the market faces challenges due to fluctuating raw material prices, which may hinder its expansion.
Opportunities for growth lie in the increasing demand for eco-friendly plasticizers and the expanding use of plasticizers in packaging materials. On the flip side, the market is challenged by strict regulations concerning plastic products, which pose significant hurdles for industry players.
Major Players in the Market
The plasticizers market is moderately competitive, with a mix of large, medium, and small-sized global, regional, and local players. Key companies include:
UPC Technology Corporation (Taiwan)
Exxon Mobil Corporation (U.S.)
BASF SE (Germany)
Evonik Industries AG (Germany)
Eastman Chemical Company (U.S.)
Aekyung Chemical (South Korea)
LG Chem, Ltd. (South Korea)
DIC Corporation (Japan)
Kao Corporation (Japan)
Avient Corporation (U.S.)
Polynt S.p.A. (Italy)
KLJ Group (India)
Arkema Group (France)
Perstorp AB (Sweden)
The Dow Chemical Company (U.S.)
Nan Ya Plastics Corporation (Taiwan)
Browse in depth: https://www.meticulousresearch.com/product/plasticizers-market-6022
Market Segmentation
The plasticizers market is segmented by type and end-use industry. The report provides detailed insights into market players and evaluates the market on both regional and national levels.
Types of Plasticizers
In 2024, phthalate plasticizers are expected to dominate the market with over 47% of the total share. Phthalates are popular due to their cost-effectiveness, low volatility, and their ability to create highly flexible and elastic materials. Additionally, their widespread use in products like vinyl flooring, coatings, pipes, and insulation, as well as the extensive application of Diisononyl Phthalate (DINP) and Diethylhexyl Phthalate (DEHP) in PVC products, reinforces their market dominance.
End-Use Industries
In terms of end-use industries, the building & construction sector is forecasted to lead the plasticizers market in 2024, accounting for more than 35% of the share. Plasticizers in this sector are used as additives to improve the softness, workability, and durability of concrete, while also reducing water requirements. The rapid pace of urbanization and infrastructure projects, combined with plasticizers' ability to enhance the quality of construction materials, supports the sector's leading position.
Regional Analysis
Geographically, the Asia-Pacific (APAC) region is expected to hold the largest share of the plasticizers market in 2024, with over 53%, followed by North America, Europe, Latin America, and the Middle East & Africa. The APAC market's dominance is attributed to ongoing industrialization in countries such as China, South Korea, and India, increasing construction activities, and the growing adoption of advanced packaging solutions by food processors.
Quick buy: https://www.meticulousresearch.com/Checkout/79572464
Additionally, the expanding use of plasticizers to improve the performance and flexibility of various products contributes to the region's strong market position.
Related research:
1. Blog: https://meticulousblog.org/plasticizers-market-projected-to-reach-26-9-billion-by-2031/
2. Thermoplastic Elastomers (TPE) Market https://www.meticulousresearch.com/product/thermoplastic-elastomers-market-5896https://www.meticulousresearc
3. Plastic Additives Market: h.com/product/plastic-additives-market-5840
4. Recycled Plastics Market https://www.meticulousresearch.com/product/recycled-plastics-market-5999
5. 3D Printing Plastics Market https://www.meticulousresearch.com/product/3d-printing-plastics-market-5950
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plasticizers Market Projected to Reach $26.9 Billion by 2031 here
News-ID: 3705961 • Views: …
More Releases from Meticulous Research®
Direct Air Capture Market: Transforming Carbon Removal for a Net-Zero Future
Introduction
The global Direct Air Capture (DAC) market has entered a period of rapid transformation as nations, industries, and corporations intensify their efforts to achieve net-zero emissions. Valued at $136.5 million in 2024, the market is projected to grow significantly, reaching approximately $6.93 billion by 2035. This expansion, driven by a remarkable compound annual growth rate (CAGR) of 43.3% between 2025 and 2035, highlights the growing importance of DAC technologies in…
European Direct-to-Consumer Genetic Testing Market Outlook 2025-2035
Introduction
The European direct-to-consumer (DTC) genetic testing market is expanding at a remarkable pace, reflecting rising consumer interest in personalized healthcare and genetic insights. Valued at $464 million in 2025, the market is projected to grow at a compound annual growth rate (CAGR) of 23.3%, reaching nearly $3.78 billion by 2035. This growth underscores how advances in genomic sequencing, combined with increasing health awareness, are reshaping the healthcare and wellness landscape…
Peer-to-Peer Energy Trading Platforms Market Outlook 2025-2035
Introduction
The global peer-to-peer (P2P) energy trading platforms market is undergoing rapid transformation as new technologies reshape how energy is generated, distributed, and traded. Valued at $138 million in 2024, the market is projected to grow significantly, reaching nearly $2.34 billion by 2035. This growth, at a compound annual growth rate (CAGR) of 29.7% from 2025 to 2035, highlights the increasing adoption of decentralized energy solutions and digital platforms that empower…
Dermoscopy and Skin Visualization Devices Market Outlook to 2035
Introduction
The global dermoscopy and skin visualization devices market is entering a phase of rapid transformation, driven by the increasing need for early detection of skin conditions and the rising incidence of skin cancer worldwide. Valued at $1.33 billion in 2024, the market is expected to reach nearly $3.3 billion by 2035, expanding from an estimated $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.7% during the…
More Releases for Plastic
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument.
Festivals or pageants…
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic pallets…
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging…
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052
Plastic Granules research report delivers a close watch on leading competitors with strategic…
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier…
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems.
At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about…
