Asia Pacific PVC Additives Market

Asia Pacific PVC Additives Market Size (2023-2028)

Asia Pacific PVC Additives Market is valued at USD 1.98 billion in 2022 and is expected to become a USD 2.16 billion market by 2028 growing at a CAGR of 7.9%.

PVC or Polyvinyl Chloride is a very commonly used thermoplastic whose usage has become ubiquitous thanks to its nonreactivity, chemical stability, lightweight, and longevity. It finds application in a plethora of fields, some of which include agriculture, construction, the automotive sector, gas transportation, consumer-grade plastics, water containers, and electronic equipment. The addition of certain compounds to the raw material during the production of PVC gives it new properties that may be required for application in a particular field. For example, the addition of Impact Modifiers like Acrylics and MBS (Methyl Butadiene Styrene) increases the Impact Resistance of PVC without impairing its other properties, thus making it ideal for usage in Automotive and Defense applications.

Asia Pacific PVC Additives Market Growth Drivers

The growth of the market is primarily driven by the advantages PVC has over other conventional materials, it is light, customizable, inexpensive, strong, chemically stable and non-reactive at room temperature. It does not degrade and has an extremely long life. Because it is a polymer it is easily manufactured with minimal capital. And PVC cannot be made without the necessary additives. The additives for PVC are in huge demand as the end product is in huge demand.

Population growth and economic development are also among the key drivers of the market. The main factor is increasing the use of plastics to reduce vehicle weight and improve fuel economy, increasing demand in the construction industry, and increasing applications in the health industry are the main drivers of the PVC additives market in the APAC.

This research report includes the following segmentation for the Asia Pacific PVC Additives Market size and forecast until 2028.

Asia Pacific PVC Additives Market – By Type:

• Stabilizers

• Impact modifiers

• Technical aids

• Lubricants

• Plasticizers

Asia Pacific PVC Additives Market – By Product:

• Profiles and Tubing

• Rigid Sheet and panel

• Pipes and Fittings

Asia Pacific PVC Additives Market – By Region:

Asia-Pacific                                                      

• China                                             

• India                                              

• Japan                                             

• South Korea         

Asia Pacific PVC Additives Market Regional Existence:

Asia Pacific is the fastest-growing market for PVC additives due to the high production and consumption of PVC in this region. The increase in infrastructure activity and the replacement of existing materials such as steel, concrete, and iron with light plastics are driving the growth of the PVC additives market in this area.

By Country – India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, and the Rest of APAC.

RECENT DEVELOPMENTS:

The Europe PVC industry recently launched a product labeled “Vinyl Plus” which would be environmentally friendly and sustainable. This further illustrates the way in which the industry is adapting itself in the face of climate change.

Prominent Companies in the Sandwich Panel Market analyzed in the report are:

• Arkema S.A. (France) Ltd

• Songwon Industrial Co.(South Korea)

• Akzo Nobel N.V. (Netherlands)

• Kaneka Corporation (Japan)

• Adeka Corporation (Japan)

• and Clariant AG (Switzerland)

• BASF SE (Germany)

• Shandong Ruifeng (china)

• Pau Tai Industrial Corporation (Thailand)

• Dupont (USA)

• Chemson (USA)

• Dow (USA)

• 3M (USA)

• Algol Chemicals (India)

• Arkema S.A (France)