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PVC Additives Market Size, Share, Trends and Growth Analysis Report – Segmented by type of additive (Plasticizers, Lubricants, Processing Aids, Stabilizers, Impact Modifiers), by fabrication process (Injection Molding, Extrusion), by product (Profiles and Tubing, Rigid Sheet and Panel, Pipes and Fittings) and Region - Industry Forecast | 2022 to 2027

Published: January, 2022
ID: 8276
Pages: 175
Formats: report pdf report excel report power bi report ppt

PVC Additives Market Size & Growth (2022 - 2027):

The PVC Additives Market is forecast to grow to an anticipated value of USD 5.7 billion by 2026, registering a substantial CAGR during the forecast period 2022 - 2027.

The increase in market value can be attributed to the high demand for additive-based PVC, the replacement of conventional materials with PVC, and the increasing use of stabilizers in pipes and fittings, window profiles, and other related applications.PVC is a thermoplastic, also known as polyvinyl chloride. PVC additives are an essential part of plastic manufacturing, improving the texture and tensile strength of PVC products. All polymer manufacture requires stabilizers. They are used to produce smooth, long, and durable products. These special additives upgrade the shelf life of PVC products.

The packaging industry mainly relies on polymers for the packaging and decoration of its products for end-users. Factors leading to increased application of polymers in the packaging industry are certain properties of polymers, including lightness, availability in different colors, low reactivity, resistance to chemicals and moisture, etc. The main forms of plastics used in the packaging industry are polyethylene terephthalate (PET / PETE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), low-density polyethylene (LDPE), polypropylene, polystyrene, etc. With the growing awareness of hygiene and health among the world population, the packaging industry is also growing steadily. Food packaging is a process that constantly responds to changes in supply and demand, which are the result of adaptations to different consumer demands, changes in retail practices, technological innovations, and new developments.

PVC Additives Market Drivers:

One of the main growth factors of the studied market is the replacement of standard materials by plastics in various applications. The growth of the PVC additives market is mainly due to the increasing use of PVC in various applications. In addition, the expansion of building and construction, automotive, and consumer goods industries in countries like India, Brazil, and Mexico further stimulates the growth of the global PVC additives market. Growing demand for applications in the construction, medical and automotive industries. This factor will also stimulate the market.

PVC Additives Market Restraints:

On the other hand, strict regulations on the use of plastic in various countries are limiting the growth of the plastics industry globally, which directly affects the demand for plastic additives globally. Rules and regulations of various government authorities on different raw materials used may hinder the growth of the PVC additives market. Increasing buyer's bargaining power will act as a brake on market growth.

Opportunities in the PVC Additives Market:

The rise in application of PVC additives in the production of automotive parts, particularly in the automotive part collecting sector, due to its excellent fastening properties and high purity is likely to create growth opportunities for the market. 

Challenges in the PVC Additives Market:

Low R&D spending in emerging markets and high maintenance costs will challenge market growth. Instead of advanced technologies, manufacturers invest in creating relevant technologies; these factors hinder the growth of the market. Since most pipes and fittings are located underground in the event of a malfunction or breakdown, the cost of repairs can be even higher.

Recent Developments in the PVC Additives Market:

  •  In January 2019, Westlake Chemical procured NAKAN, a PVC compounding company. This strategic decision will help the company add new products and technologies to its existing portfolio. This acquisition helped the company expand its business in France, Vietnam, United States, Spain, Mexico, Japan, Italy, Germany, and China.

  • In April 2017, Lanxess Corporation completed the acquisition of Chemtura. With this acquisition, Lanxess considerably strengthens its position in the PVC additives market. A notable display includes the sale to Baerlocher of its proprietary OBS (organic-based thermal stabilizers) for rigid PVC applications; the sale of the remainder of its PVC additives business to Galata Chemicals.

  • In January 2018, PolyOne Corporation, a supplier of specialty polymer materials, acquired IQAP Masterbatch Group S.L, a manufacturer of additives and colorants based in Spain. This acquisition will help the company expand its business into the European market, helping to meet new standards of performance, functionality, and design.

Market Segmentation

PVC Additives Market - By Type:

  • Stabilizers

  • Impact Modifiers

  • Processing Aids

  • Plasticizers

  • Lubricants

  • Others

The stabilizers segment accounted for a significant share of the global PVC additives market in 2021. Polyvinyl chloride (PVC) is a strong and lightweight structure that is resistant to weathering, abrasion, and chemical corrosion. PVC is mainly used in various applications in the construction industry, such as windows, pipes, roofs, floors, and lighter structures. The stabilizers segment is expected to have the largest market share. The factors can be attributed to the increasing use of stabilizers in pipes and fittings, window profiles, medical, rigid, and semi-rigid films, wires and cables, and other applications.

PVC Additives Market - By Product 

  • Pipes & Fittings

  • Profiles & Tubing

  • Rigid Sheet & Panel

The pipe and fittings segment is expected to dominate the global PVC additives market during the forecast period. The profiles and tubing segment is a rapidly growing application segment of the global PVC additives market. PVC additives are mainly used in pipes and fittings due to the increasing demand for the replacement of iron, conventional concrete, and steel pipes and fittings with PVC pipes in the construction industry.

PVC Additives Market - By Fabrication Process

  • Extrusion

  • Injection Molding

  • Others

Based on manufacturing, the market is divided into extrusion, injection molding, and others. The extrusion segment is expected to have the highest CAGR during the forecast period due to the increase in the production of large volumes of extruded PVC at a minimal cost.

PVC Additives Market - By Region

  •  North America 

  •  Europe 

  •  Asia Pacific 

  •  Latin America 

  •  Middle East & Africa 

Asia Pacific (APAC) led the PVC additives market with a compound annual growth rate of 43%, followed by North America and Europe. APAC as a whole will continue to be one of the largest and most dynamic construction markets in the world. Large, more developed markets such as China, India, Japan, and South Korea are expected to grow more in the coming years. China is driving much of the market demand for PVC additives in the Asia-Pacific region, followed by India and Japan. Besides the United States, among the five fastest-growing regions in the construction industry, all of them are Asian countries, including China and India, which mainly drive demand for construction investment in these countries. Strong and healthy growth in the construction industry is associated with population growth and the middle-class economy, which tend to further stimulate the APAC residential construction market, and hence the additives market. The number of buildings with luminous PVC additives is increasing dramatically in the APAC region. The growing number of new constructions, coupled with the increase in the number of renovation projects, has further boosted the market. The industry in North America and Europe is expected to grow at a volume-based CAGR of 4.2% and 3.8%, respectively, during the forecast period. 

PVC Additives Market Key Players:
  1. Kaneka Corporation,

  2. Arkema SA,

  3. BASF SE,

  4. Songwon Industrial Co. Ltd.,

  5. Akzo Nobel N.V.,

  6. Adeka Corporation,

  7. Clariant AG,

  8. PAU Tai Industrial Corporation,

  9. Baerlocher GmbH,

  10. Shandong Ruifeng Chemical Co. Ltd.,

  11. Akdeniz Kimya A.S.,

  12. Shandong Rike Chemicals Co.Ltd.

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