PVC Additives Market: Overview

  • Polyvinyl chloride, also known as PVC, is a commonly used thermoplastic owing to its non-reactivity, chemical stability, longevity, and light weight. PVC additives are essential part of plastic manufacturing, as they increase the tensile and texture strength of PVC products. Stabilizers are used in the manufacture of polymers. PVC is employed in the manufacture of products that are soft and long lasting. These special additives enhance shelf life of PVC products. Products under PVC additives include impact modifiers, stabilizers, plasticizers, lubricants, and processing aids. Based on fabrication, they are categorized into injection molding, extrusion, and others.
  • PVC is employed in a plethora of fields including agriculture, automotive, construction, gas transportation, consumer grade plastics, electronic equipment, and water containers. Addition of certain compounds to raw materials during the manufacture of PVC offers new properties that are required for application in a particular field.

Rise in Demand for PVC Additives in Textile Industry to Drive Market

  • The PVC additives market has been expanding significantly owing to wide application of PVC additives in profiles & tubing, pipes & fittings, rigid panels and sheets, and others. Growth in the market can be ascribed to the high demand for additive-based PVC, replacement of conventional materials with PVC, and increase in usage of stabilizers in pipes & fittings, window profiles, and other related applications.
  • Rise in application of PVC additives in manufacture of automotive parts, particularly in the automotive part assembling sector, owing to its excellent fastening properties and high purity is likely to offer immense opportunities to the PVC additives market in the near future
  • The global PVC additives market is facing supply-demand shortages due to the shutdown of manufacturing bases owing to the COVID-19 outbreak. Supply shortage has also led to a rise in prices of raw materials. Furthermore, the temporary shutdown of various end-use industries such as automotive manufacturing, footwear, and packaging has adversely impacted the global PVC additives market.

Stabilizers Type Segment to Offer Lucrative Opportunities

  • Based on type, the global PVC additives market can be segmented into stabilizers, impact modifiers, processing aids, plasticizers, lubricants, and others
  • The stabilizers segment held significant share of the global PVC additives market in 2019. Polyvinyl chloride (PVC) is a lightweight and strong structure that is resistant to weathering, abrasion, and chemical corrosion. It offers fire resistance. PVC is primarily used in various applications in the building & construction industry such as windows, pipes, roofing, flooring, and lighter structures.

Pipes & Fittings Application Segment to Hold Major Share of Market

  • Based on application, the PVC additives market can be divided into pipes & fittings, profiles & tubing, rigid sheet & panel, wires & cables, bottles, and others
  • The pipes & fittings segment is expected to dominate the global PVC additives market during the forecast period. Pipes & fittings is a rapidly growing application segment of the global PVC additives market. PVC additives are primarily employed in pipes & fittings, owing to the rising demand for replacement of iron, conventional concrete, and steel-based pipes & fittings with PVC pipes in the construction industry.

Asia Pacific to Constitute Significant Share of Global PVC Additives Market

  • In terms of region, the global PVC additives market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific dominated the global market in 2019, owing to the presence of key manufacturers in countries such as India and China. Expansion of construction and automotive industries in Asia Pacific is also anticipated to boost the PVC additives market in the region in the near future. North America is also projected to hold key share of the global PVC additives market during the forecast period.

Key Players in PVC Additives Market

  • Manufacturers of PVC additives are highly consolidated in Asia Pacific. Trading activities from countries in Asia Pacific, such as China, have been increasing at a rapid pace since the last few years.
  • Prominent players operating in the global market are investing in technological advancements and new product launches in order to maintain their leading position

Key players operating in the global PVC additives market include:

  • Kaneka Corporation
  • Arkema SA
  • Songwon Industrial Co. Ltd.
  • Akzo Nobel N.V.
  • Adeka Corporation
  • Clariant AG
  • PAU Tai Industrial Corporation
  • Baerlocher GmbH
  • Shandong Ruifeng Chemical Co. Ltd.
  • Akdeniz Kimya A.S.
  • Shandong Rike Chemicals Co., Ltd.

Global PVC Additives Market: Research Scope

Global PVC Additives Market, by Type

  • Stabilizers
  • Impact Modifiers
  • Processing Aids
  • Plasticizers
  • Lubricants
  • Others

Global PVC Additives Market, by Application

  • Pipes & Fittings
  • Profiles & Tubing
  • Rigid Sheet & Panel
  • Wires & Cables
  • Bottles
  • Others

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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PVC Additives Market