Updated Oct 1, 2022 04:27

Compound Plasticisers Market in Eastern Asia

Market Overview
In , the East Asian compound plasticisers market decreased by -% to $, falling for the third consecutive year after two years of growth. In general, consumption recorded a noticeable decrease. The level of consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, compound plasticisers production shrank slightly to $ in estimated in export price. Overall, production continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. The level of production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.

China ( tons) remains the largest compound plasticisers producing country in Eastern Asia, comprising approx. % of total volume. Moreover, compound plasticisers production in China exceeded the figures recorded by the second-largest producer, Japan ( tons), fourfold. South Korea ( tons) ranked third in terms of total production with an % share.

In China, compound plasticisers production decreased by an average annual rate of -% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Japan (-% per year) and South Korea (+% per year).


Consumption
In , consumption of compound plasticisers for rubber or plastics decreased by -% to tons, falling for the second year in a row after four years of growth. In general, consumption saw a noticeable shrinkage. The volume of consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.

The revenue of the compound plasticisers market in Eastern Asia contracted slightly to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a noticeable decrease. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.


Consumption by Country
The country with the largest volume of compound plasticisers consumption was China ( tons), accounting for % of total volume. Moreover, compound plasticisers consumption in China exceeded the figures recorded by the second-largest consumer, Japan ( tons), fourfold. Taiwan (Chinese) ( tons) ranked third in terms of total consumption with a % share.

In China, compound plasticisers consumption decreased by an average annual rate of -% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of consumption growth: Japan (-% per year) and Taiwan (Chinese) (-% per year).

In value terms, the largest compound plasticisers markets in Eastern Asia were China ($), Japan ($) and Taiwan (Chinese) ($), together comprising % of the total market.

Taiwan (Chinese), with a CAGR of -%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other leaders experienced a decline in the market figures.

From 2007 to , the average annual rate of growth in terms of the compound plasticisers per capita consumption in No country was relatively modest.


Market Forecast
Depressed by shrinking demand for compound plasticisers in Eastern Asia, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .