Updated Oct 1, 2022 04:27

Compound Plasticisers Market in South-Eastern Asia

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Southeast Asian compound plasticisers market soared to $ in , with an increase of % 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). Overall, consumption saw notable growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

In value terms, compound plasticisers production totaled $ in estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by %. Over the period under review, production reached the peak level at $ in 2019; however, from to , production failed to regain momentum.

Malaysia ( tons) constituted the country with the largest volume of compound plasticisers production, comprising approx. % of total volume. Moreover, compound plasticisers production in Malaysia exceeded the figures recorded by the second-largest producer, Thailand ( tons), twofold. The third position in this ranking was held by Singapore ( tons), with a % share.

From 2007 to , the average annual growth rate of volume in Malaysia was relatively modest. In the other countries, the average annual rates were as follows: Thailand (-% per year) and Singapore (+% per year).


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , after eight years of growth, there was decline in consumption of compound plasticisers for rubber or plastics, when its volume decreased by -% to tons. Overall, consumption, however, posted a perceptible expansion. As a result, consumption reached the peak volume of tons, and then dropped slightly in the following year.

The value of the compound plasticisers market in South-Eastern Asia dropped modestly to $ in , with a decrease of -% 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, posted pronounced growth. As a result, consumption attained the peak level of $, and then contracted slightly in the following year.


Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
Malaysia ( tons) constituted the country with the largest volume of compound plasticisers consumption, accounting for % of total volume. Moreover, compound plasticisers consumption in Malaysia exceeded the figures recorded by the second-largest consumer, Thailand ( tons), twofold. Vietnam ( tons) ranked third in terms of total consumption with an % share.

From 2007 to , the average annual rate of growth in terms of volume in Malaysia stood at +%. In the other countries, the average annual rates were as follows: Thailand (-% per year) and Vietnam (+% per year).

In value terms, the largest compound plasticisers markets in South-Eastern Asia were Malaysia ($), Thailand ($) and Lao People's Democratic Republic ($), together comprising % of the total market. These countries were followed by Vietnam, Indonesia and the Philippines, which together accounted for a further %.

In terms of the main consuming countries, the Philippines, with a CAGR of +%, saw the highest rates of growth with regard to market size over the period under review, while market for the other leaders experienced more modest paces of growth.

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


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
The compound plasticisers market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 .