by The global PVC Stabilizers Market is estimated to be valued at US$ 1468.95 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
PVC stabilizers help in the stabilization of polyvinyl chloride (PVC) during processing and subsequent use. PVC stabilizers such as lead and non-lead stabilizers prevent polyvinyl chloride from undergoing degradation during processing at high temperatures as well as from effects of weathering over a period of time. The major types of PVC stabilizers include lead stabilizers, organotin, and non-organic stabilizers. PVC is widely used in pipe and fittings, vinyl siding, flooring, window and door profiles, conduits, and wires & cables.
Market key trends:
One of the key trends in the PVC stabilizers market is the rising demand from the construction industry. PVC is used in windows, doors, roofing, piping, cabling, flooring and other applications in residential as well as commercial construction. The global construction industry has witnessed significant growth over the past few years mainly driven by rapid urbanization, infrastructure growth and new housing projects in developing economies. According to Oxford Economics, the global construction industry output is estimated to grow by 85% to reach US$ 15.5 trillion by 2030. Growth in the construction sector is expected to drive the demand for PVC and in turn boost the consumption of PVC stabilizers over the forecast period.
Porter’s Analysis
Threat of new entrants: Low barrier costs to enter the market and high demand for PVC stabilizers pose threat of new entrants in the market.
Bargaining power of buyers: Large buyers have significant bargaining power compelling suppliers to offer competitive prices and product quality.
Bargaining power of suppliers: Established suppliers have strong bargaining power due to their technical expertise and global production capacity.
Threat of new substitutes: Emerging substitute materials with superior properties can pose threat to PVC stabilizers market.
Competitive rivalry: Intense competition among existing players to gain market share.
Key Takeaways
The global PVC Stabilizers Market Growth is expected to witness high growth, exhibiting CAGR of 5.0% over the forecast period, due to increasing demand from the construction industry. The global construction Industry is growing rapidly driven by rising population, increasing urbanization and private sector participation across emerging economies.
Regionally, Asia Pacific dominated the global PVC stabilizers market in 2023, accounting for around 35% of the total market revenue. Growing construction activities in emerging economies such as China and India are driving the demand for PVC stabilizers in the region. Furthermore, initiatives by governments in the region towards infrastructure development are also fueling the market growth.
Key players operating in the PVC Stabilizers market are Adeka Corporation, Baerlocher GmbH, Chemson Polymer Additive AG, Galata Chemicals, Jiangsu Uniwel Chemistry Co. Ltd, KD Chem Co. Ltd, Pau Tai Industrial Corporation, PMC Group Inc., PT TIMAH Tbk, Reagens SpA, Shital Industries Pvt Ltd, SONGWON, Sun Ace Kakoh (Pte) Ltd, Valtris Specialty Chemicals, and Vikas Ecotech Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
