“The Global PVC additives market is projected to grow at a CAGR of 6.0% from 2022 to 2031”
The global PVC additives market is projected to reach USD 4.08 billion by 2031, at a CAGR of 6.0% from 2022 to 2031.
The growth of the PVC additives market is mainly driven by the increasing use of PVC in varied applications. In addition, expansion of the building & construction, automotive, and consumer goods sectors in countries such as India, Brazil, and Mexico, is further fueling the growth of the global PVC additives market.
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“The stabilizers segment is the largest type segment of the global PVC additives market”
Based on type, the stabilizers segment accounted for the largest share of the global PVC additives market in 2015. This large share is mainly attributed to the increasing use of stabilizers in manufacturing various products, such as pipes & fittings, rigid & semi-rigid films, window profiles, wires & cables, and consumer goods.
“The extrusion segment is the largest fabrication process segment of the global PVC additives market”
Based on fabrication process, the extrusion segment is projected to grow at the highest CAGR during the forecast period. The demand for PVC additives in this segment is mainly driven by the rising demand for high-quality surface plastics. The increasing demand for extruded PVC in pipes, filaments, sheets, tubing, and films is further driving the growth of the extrusion segment.
“The pipes & fittings segment is the largest and the fastest-growing application segment of the global PVC additives market”
Based on application, the pipes & fittings segment is projected to grow at the highest CAGR between 2022 and 2031. The need for pipes & fittings in the building & construction industry drives the demand for PVC additives in China, India, and Brazil.
“Asia-Pacific to be the largest PVC additives market”
The Asia-Pacific region is anticipated to lead the global PVC additives market between 2022 and 2031. Countries in the Asia-Pacific region such as China, India, Taiwan, Indonesia, and South Korea are key consumers of PVC additives. In addition, the increasing demand for PVC additives in the building & construction, consumer goods, automotive, and medical industries is further anticipated to drive the growth of the PVC additives market in the Asia-Pacific region.
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Breakdown of profiles of primary interviews for the report
• By Company Type: Tier 1 – 25%, Tier 2 –33%, and Tier 3 – 42%
• By Designation: C Level – 25%, Director Level – 33%, and Others – 42%
• By Region: Europe – 54%, North America – 23%, Asia-Pacific – 15%, and RoW – 8%
Some of the key companies profiled in this report are Kaneka Corporation (Japan), Arkema S.A. (France), BASF SE (Germany), Songwon Industrial Co., Ltd. (South Korea), Akzo Nobel N.V. (Netherlands), Adeka Corporation (Japan), Clariant AG (Switzerland), Pau Tai Industrial Corporation (Taiwan), Baerlocher GmbH (Germany), and Shandong Ruifeng Chemical Co., Ltd. (China), among others.
The global PVC additives market has been segmented on the basis of type, fabrication process, application, and region. Based on type, the global PVC additives market has been classified into stabilizers, impact modifiers, processing aids, lubricants, plasticizers, and others. With respect to fabrication process, the market has been segmented into extrusion, injection molding, and others. Based on application, the market has been categorized into pipes & fittings, profiles & tubing, rigid sheet & panel, wires & cables, bottles, and others. With respect to region, the global PVC additives market has been classified into Asia-Pacific, Europe, North America, South America, and the Middle East & Africa.
• Market segmentation based on type, fabrication process, application, and region
• Market dynamics including drivers, restraints, opportunities, and challenges
• Porter’s Five Forces Analysis
• Profile of key players in the global PVC additives market
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Shibuya Data Count
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