by The PVC Stabilizers Market is estimated to be valued at US$ 1,468.95 Mn or Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
PVC stabilizers are chemical additives added to unhardened polyvinyl chloride (PVC) to prevent degradation during processing and throughout the service life of PVC products. The stabilizers provide protection against heat, light and other environmental factors. Common products using PVC stabilizers include pipes, fittings, windows, sidings, floorings, wire and cable insulation. The growing construction industry is driving the demand for PVC stabilizers globally.
Market Dynamics:
The growing construction industry is one of the major drivers propelling the growth of the PVC stabilizers market. Rapid urbanization and industrialization are increasing infrastructure development projects worldwide. According to Oxford Economics, the global construction industry is projected to grow by 85% to hit $15.5 trillion by 2030. Asia Pacific is expected to contribute the most with 60% of global growth. Rising construction spending will boost the demand for PVC and subsequently PVC stabilizers.
Stringent environmental regulations regarding phthalate-based plasticizers are encouraging manufacturers to shift towards non-phthalate plasticizers. Calcium zinc and tin stabilizer systems are emerging as alternatives to lead and organic stabilizers in medical tubing and food contact applications. This shift towards green products is expected to fuel market growth over the forecast period.
Segment Analysis
Content: The PVC stabilizers market is segmented into calcium based stabilizers and tin based stabilizers. Calcium based stabilizers account for around 70% of the total market share making it the dominant segment. This is because calcium based stabilizers are more cost effective and compatible with the hot climate conditions needed for PVC processing as compared to tin based stabilizers.
PEST Analysis
Content: Political: Stringent regulations regarding the use of lead and heavy metal-based stabilizers is driving the demand for alternative and eco-friendly calcium based PVC stabilizers. Economic: Increase in infrastructure development and construction activities in emerging economies of Asia Pacific is fueling the growth of the PVC stabilizers market. Social: Rising health awareness among consumers has increased the demand for stabilizers that release less amount of toxic materials during the production and usage of PVC. Technological: Advancements in PVC compounding technology have improved the blendability and compatibility of calcium based stabilizers with PVC resins.
Key Takeaways
Content: The global PVC Stabilizers Market Growth is expected to witness high growth, exhibiting CAGR of 5.0% over the forecast period, due to increasing infrastructure development activities across the globe. The market size for 2023 is estimated to be US$ 1468.95 Mn. Regional analysis : Asia Pacific accounts for over 40% of the global market share and is expected to remain the fastest growing as well as dominating region due to the large scale production of PVC in countries such as China and India. Key players: Key players operating in the PVC stabilizers market include Adeka Corporation, Baerlocher GmbH, Chemson Polymer Additive AG, Galata Chemicals, Jiangsu Uniwel Chemistry Co. Ltd, KD Chem Co. Ltd, Pau Tai Industrial Corporation, PMC Group Inc., PT TIMAH Tbk, Reagens SpA, Shital Industries Pvt Ltd, SONGWON, Sun Ace Kakoh (Pte) Ltd, Valtris Specialty Chemicals, and Vikas Ecotech Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
