The UK market for compound plasticisers in 2023 reached 19.853 million Euros, demonstrating a modest year-on-year increase of 1.12%. Over the past two years, the market has recovered with growth rates of 15.82% in 2021 and 6.48% in 2022, following a significant drop in 2020. Over the last five years, the market has grown at an average annual rate (CAGR) of 1.37%, indicating a stabilizing trend after fluctuations observed between 2013-2023.
Future trends to watch for:
- Increased demand for sustainable and eco-friendly plasticisers potentially driving market growth.
- Regulatory changes affecting plasticiser formulations and usage.
- Technological advancements potentially leading to new applications and improved performance.
