Middle East and Africa PVC Additives Market is valued at USD 0.28 billion in 2021and is expected to become a USD 0.38 billion market by 2026 growing at CAGR of 6.66%.PVC or Polyvinyl Chloride is a very commonly used thermoplastic whose usage has become ubiquitous thanks to its non-reactivity, 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) 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.
Middle-East & Africa
This research report includes the following segmentation for the Middle East and Africa PVC Additives Market size and forecast until 2025:
Middle East and Africa PVC Additives Market – By Type:
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