Global PVC Stabilizers Market - Segmented by Type, Application, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)
The global PVC stabilizers market is estimated to register a CAGR of 5.90% during the forecast period, 2018-2023. Asia-Pacific is expected to dominate the market among other regions, supported by the growing automotive & electronics industry in countries, like China and India. Building & construction is expected to dominate the consumption of PVC stabilizers through the forecast period.
Growing PVC Usage in Piping
Major application for PVC is in the pipes & fittings segment, accounting for approximately 40% share in 2016. PVC pipes and fittings widely find application as a drain-waste-vent, sewers, water mains, water service lines, irrigation lines, conduit, and various industrial installations. It can also be used outdoors if the pipe contains stabilizers and UV inhibitors to shield against ultraviolet radiation; it is painted with a water-based latex paint. Moreover, PVC materials are resistant to many ordinary chemicals, such as acids, bases, salts, and oxidants.
Building & Construction Industry to Lead the Market
PVC is strong and lightweight, durable (to weathering, rotting, chemical corrosion and abrasion), versatile, and easy to use (as it can be cut, shaped, welded, and joined in any style). Such characteristics make it an ideal option for many applications, such as pipes, windows, flooring, and roofing. The Asia-Pacific construction sector is the largest in the world, and is increasing at a healthy rate, owing to the growing population, increase in middle-class incomes, and urbanization. Countries, such as Indonesia, China, Malaysia, Singapore, and South Korea, owing to their business potential, have become hosts to numerous national and international events.
Asia-Pacific to Lead the Market with High Share
Asia-Pacific is the biggest market for PVC production across the globe, with around 34,180 kilo metric ton produced in 2016. The Chinese automotive industry is the largest market, globally, and the electrical & electronics market has been growing at a higher rate, which has also driven the Chinese PVC market. This huge demand and consumption will likely drive the PVC stabilizer market. This ongoing growth in the end-user industries is expected to drive the market for PVC stabilizers in the region.
Notable Developments in the Market
January 2017: Baerlocher USA, a part of Baerlocher Group, a leading global supplier of plastics additives, announced plans to add a third reactor for the production of calcium, zinc, sodium, and other metal soaps, at its facility. This major capital investment will increase capacity by 50% and further position the industry leader to meet steadily accelerating demand from the North American polyolefin and polyvinyl chloride (PVC) industries.
Major Key Players: Baerlocher GmbH, Songwon, Reagens SPA, Adeka Corporation, Galata Chemicals, amongst others.
Reasons to Purchase this Report
To understand the impact of increasing stringent regulations on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
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