Polyvinyl chloride (PVC) stabilizers
are additives that are added to PVC resins during processing in order to
enhance their thermal stability and limit degradation during processing and
long-term applications. There are several types of PVC stabilizers including
heat stabilizers that protect PVC from degradation during high temperature
processing, light stabilizers that protect against sun damage, and mixed metal
stabilizers. PVC has become one of the most widely used commercial polymers due
to its low cost, availability, and durability even at low temperatures. Rising
use of PVC for various applications such as pipes & fittings, windows &
doors profiles, cables, films & sheets, and floorings among others has been
driving the demand for PVC stabilizers globally.
The Global PVC Stabilizers Market is
estimated to be valued at US$ 1692.24 Mn
in 2024 and is expected to exhibit a CAGR
of 7.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the PVC stabilizers are Nexans, Prysmian Group, NKT,
LS Cable & System, ZTT, TF Kable, Fujikura, JDR Cable Systems, Apar
Industries, Tratos, Hengtong Group, Sumitomo Electric Industries, KEI
Industries, Taihan Electric Wire, Universal Cables Ltd, Sterlite Technologies,
RPG Cables, Hitachi Metals, Zhongtian Technology Submarine Cable, Orient Cable.
The growing infrastructure
development activities and rising investments in renewable energy generation
capacities are expected to drive the demand for power cables globally, thus
propelling the PVC
Stabilizers Market Demand growth. Additionally, expansion of
manufacturing industries along with increasing construction activities in
emerging economies of Asia Pacific are estimated to offer lucrative
opportunities for PVC stabilizers market in the coming years.
Key players are focusing on strategic expansions to strengthen their
geographical footprint and market position. Major stabilizers manufacturers are
investing in setting up new production plants as well as expanding their
existing production capacities to cater to the rising demand from various
end-use industries across regions. Moreover, companies are focusing on new
product development and innovations to widen their product portfolio and cater
to diverse applications.
Market Drivers:
Increasing thermoplastic applications across various end-use industries such as
building & construction, wires & cables, automotive, and packaging
among others are driving the PVC stabilizers market growth. PVC has gained
widespread acceptance as a cost-effective alternative for metals and wood in
construction, electrical and furniture applications. Additionally, favorable
properties of PVC such as durability and resistance to corrosion and chemicals
have been augmenting its use.
Market Restrains:
Stringent environmental regulations regarding the use of toxic lead and heavy
metal-based PVC stabilizers may hinder the market growth. Moreover,
availability of alternatives such as polyethylene and hybrid polymers for
construction applications pose a threat to PVC resin demand.
Segment Analysis
The PVC stabilizers market is dominated by lead-based stabilizers owing to
their cost effectiveness and performance stability. However, lead-based
stabilizers are facing severe restrictions due to toxicity issues. Hence,
non-lead-based calcium-zinc stabilizer type is gaining more popularity as an
alternative and is expected to dominate the market during the forecast period.
Calcium-zinc stabilizers provide properties similar to lead stabilizers and can
replace lead stabilizers completely without any loss of performance.
Global Analysis
Regionally, Asia Pacific dominated the global PVC stabilizers market in 2020
and is projected to continue its dominance during the forecast period. This is
owing to high PVC production and usage in the region especially in China and
India. Within APAC, China accounted for the largest market share due to huge
PVC demand from industries such as construction, packaging, and wire &
cables. Europe is the second major market globally for PVC stabilizers owing to
stringent regulations regarding use of lead stabilizers. These regulations are
supporting the shift to alternative non-lead stabilizers usage.
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Stabilizers Market
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