The global market for the PVC Stabilizer is anticipated to develop at a compound annual growth rate (CAGR) of 5.5% throughout the course of the forecast, to reach USD 3294 million by 2030.
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"The Global Pvc Stabilizer Market 2020-2030 (USD Billion)")
Polyvinyl Chloride (PVC) Stabilizer being used as the most important commercial plastic material is driving the global Polyvinyl Chloride (PVC) Stabilizer market.
Covid-19 Impact and Market Status
Due to the recent outbreak of coronavirus, the market for PVC stabilizers is experiencing increased competition. The widespread precautionary lockdowns that were enforced by governments in an effort to stop the spread of disease led to serious interruptions in the operations of numerous manufacturing and supply-chain businesses, which resulted in a significant financial cloud setback for the market. Because PVC stabilizers are typically utilized in the production of pipes and fittings, the market suffered substantial damage as a direct result of the downturn in the building and construction plastics industry. Difficulties in the supply chain have arisen as a result of the extension of the lockdown throughout the world, which will also have a negative influence on the market in the immediate future. On the bright side, it is anticipated that the market will begin to recover when separate regulatory bodies start to ease the restrictions that have been imposed. The operations that were halted and those that were canceled, in addition to the activities, will continue, and as a result, it is anticipated that the market will grow.
Asia-Pacific Will Dominate The Global PVC Stabilizer Market
The highest market share is held by Asia and the Pacific. An upward trend is being consistently observed in the region in terms of the increasing acceptance of various patterns of PVC stabilizers and the various types of PVC stabilizers that are used in various applications in the region. In terms of volume and value, China is the preeminent nation not only in the Asia-Pacific region but all across the world. The majority of the region's production of rigid and semi-rigid films, window profiles, and pipes and fittings all make use of PVC stabilizers. The market in the APAC area will grow as a result of this.
Following suite, it is anticipated that North America will demonstrate profitable growth due to the expansion of the construction industries in some regions of the United States and Mexico. The United States is responsible for the development of the most income in the PVC stabilizer market, while Mexico is working to meet the increasing demand for PVC applications as a result of ongoing improvements in the agricultural sector.
The Lead Stabilizers Segment Will Dominate The Global PVC Stabilizer Market
It is anticipated that the expansion of the global polyvinyl chloride (PVC) market will be fueled by the dynamic increase in the building and construction segment, the rise in the market for automobiles, the growing requirement for medical devices, and the growing usage of plastic film and sheets.
During the period covered by this projection, the lead stabilizer segment is expected to hold the biggest market share. The factors that are responsible for the cost-effectiveness of their design as well as the heat resistance property it possesses. The lead stabilizer was the first compound to be employed as a stabilizer to prevent the degradation of PVC. Its application was pioneered by the lead industry. Because of the widespread application of these stabilizers, the lead stabilizer market is experiencing a surge in demand.
The increasing demand for consumer applications made of PVC material, such as furniture, apparel, footwear, and sporting, due to the material's low cost and resistance to water across the globe is projected to drive demand for the remainder of the projection period.
The Polyvinyl Chloride (PVC) Stabilizer Market was estimated to be worth 3.99 billion US dollars in 2022 and is projected to reach USD 7.89 billion by 2029, achieving a CAGR of 8.10% during the projected years 2022-2029.
Polyvinyl chloride (PVC), a thermoplastic polymer, has the broadest range of applications. It's naturally white and surprisingly delicate for its appearance. Suspension polymerization is used extensively throughout the manufacturing process. Stabilizers used on PVC have a major effect on the material properties of the finished product, improving its functionality and durability against deterioration, processing, and aging due to environmental factors, including weather and heat.
PVC, or polyvinyl chloride, is the thermoplastic polymer that sees the most widespread application worldwide. It is naturally highly fragile and seems to be white. Adding stabilizers to PVC helps improve its functional qualities and prevents the material from decomposing. Stabilizers are added to PVC to make its processing possible and improve its resistance, particularly in applications that take place outside, to things like weathering and heat aging.
Stabilizers also significantly impact the physical qualities of PVC finished goods. Flexible polyvinyl chloride and rigid polyvinyl chloride are the two primary types of this material that may be purchased (PVC). It finds use in a wide variety of applications, including those in the health care, electronic, automotive, and building and construction industries, amongst others.
The majority of the time, they are put to use in the production of piping, fittings, profiles, tubes, films, sheets, wires, cables, bottles, and other containers. The addition of stabilizers to PVC helps to improve its functional qualities and prevents the material from decomposing. It is anticipated that the expanding use of plastics in the building and construction industry will have a favorable impact on market demand.
On the other hand, the use of PVC is not permitted in the construction of environmentally friendly buildings, there is fierce rivalry from steel and concrete pipes, and the debt crisis and slow economic recovery in industrialized countries have all slowed the expansion of the market.
Polyvinyl Chloride (PVC) Stabilizer is regarded as a toxic heavy metal and organo-tin compound. Hence it is severely criticized due to environmental concerns. This is limiting the use of Polyvinyl Chloride (PVC) Stabilizer hampering the global Polyvinyl Chloride (PVC) Stabilizer market.
Despite this, there has been tremendous development and growth in renewable energy, an increase in the demand for electric vehicles, the emergence of a market for wood-plastic composites, the creation of bio-based organic stabilizers, and the development of renewable PVC, all of which present favorable opportunities for growth.
In the market for polyvinyl chloride (PVC) stabilizers, some of the most important companies include Sun Ace Kakoh, Songwon Industrial Co Ltd, Clariant AG, Pau Tai Industrial Corporation Akzo Nobel, Valtris Specialty Chemicals, PATCHAM, Addivant, Baerlocher GmbH, Baerlocher GmbH, Sun Ace Akzo Nobel, Clariant AG, BASF SE, Chemcon Specialty Chemicals Ltd, and Arkem. These players are investing a lot of money in the PVC Stabilizer industry to drive the demand of this market.
Global Polyvinyl Chloride (PVC) Stabilizers Market: Latest Innovations
- A strategic sustainability relationship between AkzoNobel and Maersk Line was signed in March of 2017. Maersk Line is a leading worldwide container shipping company.
- The global partnership agreement between Sumitomo Chemical and BASF was signed in June of 2017, and it stipulates that the two companies will leverage each other's assets to produce significant revenue.
- In order to boost its overall sales figures, BASF SE inked an off-take deal with New Energy in September of the year 2020.
PVC Stabilizer Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 3294 Million |
| Growth Rate | CAGR of 5.5 % during 2020-2030 |
| Segment Covered | Type, End-User, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Sun Ace Kakoh, Songwon Industrial Co Ltd, Clariant AG, Pau Tai Industrial Corporation Akzo Nobel, Valtris Specialty Chemicals, PATCHAM, Addivant, Baerlocher GmbH, Baerlocher GmbH, Sun Ace Akzo Nobel, Clariant AG, BASF SE, Chemcon Specialty Chemicals Ltd, and Arkem. |
Key Segments In ‘Global PVC Stabilizer Market’
Type Overview, (USD Million)
- Lead Stabilizers
- Barium Stabilizers
- Tin Stabilizers
- Organic Stabilizers
- Zinc Stabilizers
- Calcium Stabilizers
- Others
End-User Overview, (USD Million)
- Building and Construction
- Automotive
- Electrical and Electronics
- Packaging
- Footwear
Application Overview, (USD Million)
- Window Profiles
- Rigid and Semi-Rigid Films
- Wires and Cables
- Pipes and Fittings
- Coatings and Flooring
- Others
Regional Overview, (USD Million)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of PVC stabilizer market in 2030 was USD 3294 Million .
The PVC stabilizer market is growing at a CAGR of 5.5 % over the forecast period.
The application of the PVC stabilizer market window profiles, rigid and semi-rigid films, wires and cables, pipes and fittings, coatings and flooring and other.