North America Plasticizers Market

The North America plasticizers market is motivated by increasing demands in the construction, automotive, and electrical sectors, especially in flexible PVC such as flooring, wires and cables, and wall covering. The demand is enhanced by increasing industrial manufacturing, development of infrastructure, and rising consumer demand for durable, lightweight, and economical materials. Also, the focus of regulations on safer and eco-friendly plasticizers is promoting innovation and the use of high-performance and non-phthalate plasticizers.

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ExxonMobil (US)

ExxonMobil is a major global oil & gas company. The company drills and produces crude oil, natural gas, and petroleum products. It is also a leading refiner and marketer of petroleum products. The company operates under the Upstream, Downstream, and Chemicals segments. It provides plasticizer products through its Chemicals business segment. It has manufacturing plants in Asia Pacific, Europe, and North America and sales offices in over 64 countries across the world.

Eastman Chemical Company (US)

Eastman Chemical Company is an advanced material and specialty chemical company with a presence in over 100 countries throughout the world. It operates through the additives and functional products, advanced materials, chemical intermediates, and fibers business segments. It provides plasticizer products under its chemical intermediates business segment. Eastman delivers an array of innovative and special products and solutions to customers, such as food packaging, car paints, and fabrics. The company upholds its focus on safety and sustainability. The subsidiaries of the company include Eastman Belgium B.V. (Belgium), Eastman Chemical Argentina S. R. L. (Argentina), and Eastman Chemical Asia Pacific Pte Ltd. (Singapore).

NORTH AMERICA PLASTICIZERS MARKET: COMPANY EVALUATION MATRIX

Eastman Chemical Company is a major competitor in the North America plasticizers market. It possesses a strong portfolio of high-performance non-phthalate and specialty plasticizers. The company has established its leadership with strong technical skills, vast experience in the regulatory field, and a long tradition of providing safer and compliant products in the construction and consumer goods, healthcare, and packaging industries. The VersaMax, Eastman 168, and bio-based products have been renowned as flagship products and are highly favored because of low migration, perfect compatibility, and good performance in flexible PVC applications. Eastman still leads the way in the industry with its strong R&D and quality and a well-established customer support system, and it will keep pushing the region towards more sustainable, regulation-friendly methods of plasticizers.

NORTH AMERICA PLASTICIZERS MARKET: MARKET RANKING

The plasticizers market in North America is controlled by several large, integrated chemical producers that have a significant portion of volumes and revenues, especially in the higher-value non-phthalate and bio-based categories. The US is at the core of the region, with around three-quarters to four-fifths of total demand. It is the center of innovations, regulatory requirements, and volume PVC-related consumption. The current shift to non-phthalate and specialty bio-based plasticizers instead of traditional phthalate ones is gaining momentum, with those companies that have a high level of R&D, a compliance-ready portfolio, and an integrated supply chain being at the highest point of the market hierarchy. Significant market players include UPC Technology Corporation (Taiwan), ExxonMobil (US), Nan Ya Plastics (Taiwan), BASF (Germany), Eastman Chemical Company (US), Evonik Industries (Germany), LG Chem (South Korea), Shandong Hongxin Chemical Co., Ltd. (China), Aekyung Petrochemical (South Korea), and Shandong Qilu Plasticizers (China).

Related Reports:

North America Plasticizer Market by Type (Phthalate, Non-phthalate), Application (Floor & Wall Coverings, Wires & Cables, Coated Fabrics), End-use Industry (Construction, Automotive, Electronics, Healthcare, Packaging), and Country - Forecast to 2030

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