Asia Pacific PVC Additives Market is valued at USD 1.98 billion in 2021 and is expected to become a USD 2.16 billion market by 2026 growing at CAGR of 7.9%.
PVC or Polyvinyl Chloride is a very commonly used thermoplastic whose usage has become ubiquitous thanks to is non reactivity, chemical stability, light weight and longevity. It finds application in a plethora of fields, some of which include agriculture, construction, automotive sector, gas transportation, consumer grade plastics, water containers and electronic equipment. 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) increase the Impact Resistance of PVC without impairing its other properties, thus making it ideal for usage in Automotive and Defense applications.
The European PVC industry recently launched a product label “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.
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 the increasing use of plastics to reduce vehicle weight and improve fuel economy, increase demand in the construction industry and increase applications in the health industry are the main drivers of the PVC additives market in the APAC.
This research report includes following segmentation for the Asia Pacific PVC Additives Market size and forecast until 2026.
Asia Pacific PVC Additives Market – By Type:
Asia Pacific PVC Additives Market – By Product:
Asia Pacific PVC Additives Market – By Region:
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 Rest of APAC.
Prominent Companies in the Sandwich Panel Market analyzed in the report are:
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