Plasticizers Market Size, Share, Growth Analysis, By Type(Phthalates, Non-phthalate), By Application(Flooring & Wall, Film & Sheet Coverings), By Region - Industry Forecast 2025-2032

Plasticizers Market size was valued at USD 17.97 Billion in 2023 and is poised to grow from USD 18.99 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).

Plasticizers are essential additives used to enhance the flexibility, softness, workability, and volatility of plasticized materials. They can be internal or external, depending on the modifications they bring to the materials they are added to.

External plasticizers can be further classified as primary or secondary, with primary ones imparting elongation and increased softness to materials, while secondary ones have limited compatibility with polymers and are used in combination with other plasticizers.

The market's growth is expected to be driven by the increasing adoption of non-phthalate and high molecular weight phthalate plasticizers, as well as a growing demand for bio-based materials over the forecast period.

The market for plasticizers is dominated by various types, including phthalates, terephthalates, epoxies, and aliphatics. Factors propelling the global plasticizers market include the growing demand for flexible PVC in various applications, the rise in the use of non-phthalate and high molecular weight phthalate plasticizers, and the expansion of industries.

US Plasticizers Market is poised to grow at a sustainable CAGR for the next forecast year.