Updated Oct 1, 2022 04:27

Compound Plasticisers Market in Southern Asia

Market Overview
In , the South Asian compound plasticisers market decreased by -% to $, falling for the second year in a row after three years of growth. In general, consumption recorded a mild curtailment. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.

In value terms, compound plasticisers production totaled $ in estimated in export price. Over the period under review, production showed a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. The level of production peaked at $ in 2008; however, from 2009 to , production remained at a lower figure.

India ( tons) remains the largest compound plasticisers producing country in Southern Asia, comprising approx. % of total volume. Moreover, compound plasticisers production in India exceeded the figures recorded by the second-largest producer, Afghanistan ( tons), more than tenfold.

From 2007 to , the average annual growth rate of volume in India totaled +%. In the other countries, the average annual rates were as follows: Afghanistan (-% per year) and Nepal (-% per year).


Consumption
In , the amount of compound plasticisers for rubber or plastics consumed in Southern Asia totaled tons, therefore, remained relatively stable against the previous year. In general, consumption saw a relatively flat trend pattern. The volume of consumption peaked at tons in ; however, from to , consumption remained at a lower figure.

The revenue of the compound plasticisers market in Southern Asia reduced modestly to $ in , falling 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, however, saw a pronounced slump. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.


Consumption by Country
India ( tons) constituted the country with the largest volume of compound plasticisers consumption, accounting for % of total volume. Moreover, compound plasticisers consumption in India exceeded the figures recorded by the second-largest consumer, Afghanistan ( tons), more than tenfold. Nepal ( tons) ranked third in terms of total consumption with a % share.

In India, compound plasticisers consumption remained relatively stable over the period from 2007-. In the other countries, the average annual rates were as follows: Afghanistan (-% per year) and Nepal (-% per year).

In value terms, India ($) led the market, alone. The second position in the ranking was taken by Afghanistan ($). It was followed by Nepal.

In India, the compound plasticisers market decreased by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Afghanistan (-% per year) and Nepal (-% per year).

In No countries compound plasticisers per capita consumption remained relatively stable over the period from 2007-.


Market Forecast
Driven by increasing demand for compound plasticisers in Southern Asia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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 .