Plasticizers Market to Grow with a CAGR of 4.31% through 2030

Growing demand for plasticizers in the construction and automotive industries are factors driving the Global Plasticizers Market in the forecast period 2026-2030.

According to TechSci Research report, “Plasticizers Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the Global Plasticizers Market was valued at USD 18.37 Billion in 2024 and is expected to reach USD 23.48 Billion by 2030 with a CAGR of 4.31%. Government initiatives and regulatory measures have created favorable market conditions for the global plasticizers industry. One of the most significant developments is the growing regulatory scrutiny around certain phthalates due to their potential health risks. Regulatory bodies worldwide, including the U.S. Food and Drug Administration (FDA), have taken decisive steps to limit their use. For example, the FDA has revoked authorizations for the use of 23 phthalates and two additional substances in food-contact applications. Furthermore, several countries have imposed bans on the use of phthalate-based plasticizers in consumer goods, food packaging, and medical products. These actions reflect a broader public health initiative aimed at mitigating the potential risks associated with phthalates, which have been linked to various health concerns. As a result, demand is shifting toward safer, non-phthalate alternatives.

In parallel, the global cosmetics and personal care industry is experiencing robust growth, creating additional demand for plasticizers. These additives are vital in enhancing the performance and durability of a wide range of personal care products, including lotions, body washes, shampoos, hair sprays, and nail polishes. They improve texture, flexibility, and adhesive properties, which are essential for product efficacy and consumer satisfaction. According to Acme-Hardesty, the U.S. personal care market is projected to reach USD 716.6 billion by 2025, growing at a compound annual growth rate (CAGR) of 5.9%. Additionally, the U.S. Centers for Disease Control and Prevention (CDC) forecasts a 34% increase in personal care occupations between 2019 and 2029, further underscoring the sector’s growth potential.

Taken together, regulatory shifts toward safer chemical alternatives and the expansion of the personal care industry are expected to significantly boost demand for plasticizers, particularly non-phthalate and bio-based variants, over the coming years.

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The Global Plasticizers Market is segmented into type, application, regional distribution, and company

Based on its type, the non-phthalates segment held the largest share in the market. Non-phthalate plasticizers have gained prominence as the preferred alternative to traditional phthalate-based variants, largely driven by increasing regulatory pressures and the rising demand for safer, more sustainable chemical solutions. These next-generation plasticizers offer comparable performance while being formulated from alternative, less hazardous compounds. Their reduced health risk profile makes them particularly well-suited for use across a range of industries, including packaging, consumer goods, medical devices, and personal care products.

Regionally, the Asia-Pacific market is expected to witness significant growth over the forecast period. This growth is underpinned by rapid industrialization, expansive infrastructure development, and a well-established manufacturing ecosystem. Moreover, the region’s large and growing population is fueling demand for plastic-based products across various end-user industries. These combined factors are driving a steady increase in plasticizer consumption as manufacturers seek to meet evolving consumer and regulatory requirements with safer and more versatile material solutions.

Major companies operating in Global Plasticizers Market are:

• Amines & Plasticizers Ltd.
• BASF SE
• Daelim Industrial Co., Ltd.
• Eastman Chemical Company
• Evonik Industries AG
• Exxon Mobil Corporation
• Ferro Corporation
• KLJ Plasticizers Limited
• Teknor Apex Company, Inc.
• UPC Technology Corp.

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“Growing application of plasticizers in various end-user industries is a key driver of the plasticizers market. Growth in the competitive landscape and the presence of well-established companies in the market that are dedicated to enhancing their productivity of plasticizers with every passing year are anticipated to register impressive growth in the global plasticizers market in the forecast period.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Plasticizers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Phthalates, Non- Phthalates), By Application (Flooring & Wall Covering, Wire & Cable, Coated Fabric, Consumer Goods, Film & Sheet, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Plasticizers Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Plasticizers Market.

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