PVC Stabilizers Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| CAGR | > 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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PVC Stabilizers Market Analysis
The PVC stabilizers market is expected to have a volume of 1,721.32 kilotons and register a CAGR of over 3.5% during the forecast period.
The PVC stabilizers market was negatively impacted by the COVID-19 pandemic. However, the market recovered significantly in 2021, owing to rising consumption from various end-user industries such as construction, electronics, packaging, and others.
- The economic benefits provided by PVC pipes, tubing, and fittings in the construction industry and the use of PVC in the automotive industry are likely to drive the demand for PVC in the global market, which, in turn, is expected to propel the demand for PVC stabilizers in the future.
- Moreover, rising health and environmental concerns and stringent government regulations in the global market regarding PVC production are expected to hinder the growth of the market studied.
- Nevertheless, rising usage of organo-tin stabilizers as an environmentally friendly option is likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China and India, among others.
PVC Stabilizers Market Trends
Buildings and Constructions to Dominate the Market
- PVC stabilizers are among the most crucial chemicals used in the production of PVC (polyvinyl chloride) in order to prevent the disintegration of PVC during heating. During manufacture, PVC emits HCl, which impairs its structure and hastens further degradation.
- Thus, the chain reaction of breakdown is halted using lead, mixed metal, tin, and organic PVC stabilizers. Additionally, it is utilized to increase PVC's resistance to heat, sunlight, and weathering.
- It is extensively utilized in many PVC products, including wire and cable, window profiles, pipe and fittings, rigid and semi-rigid films, and consumer items.
- PVC compounds provide cost benefits per pound of PVC in small-diameter pressure water pipes and fittings over other materials, like copper, steel, or high-performance, cross-linked polyethylene (PEX). Other than being cost-intensive, copper, steel, or PEX pipes are more expensive to install than PVC pipes. In these systems, the installation cost can be as much as 10 times the cost of the pipe itself. Therefore, even small differences in the ease of installation may result in large differences in the total cost of using a substitute material instead of PVC.
- Since PVC material is used in several applications, PVC manufacturers and suppliers can be found all over the world. However, pipes and fittings account for more than 40% of PVC use, making them the primary use. Asia and the United States are home to the majority of major PVC suppliers and manufacturers.
- In the United States, plastic pipe and fitting sales increased by 23.6% during 2022 as manufacturers passed through rising material, labor, and transportation costs. Relatively strong growing product lines include drain, waste, and vent pipes, sewer, storm drains, and water main pipes.
- PVC, or polyvinyl chloride, is a type of plastic commonly used in construction and industrial applications.
- The market that uses PVC stabilizer most frequently is construction, which is the primary driver behind the growth of the building industry.
- Numerous applications of PVC are used in construction. The applications range from roofing to foil insulation to windows, pipes, cables, window profiles, and flooring.
- According to Oxford Economics, the global construction industry was expected to reach USD 13.3 trillion by 2025, adding USD 2.6 trillion to output in five years starting in 2020. China, India, the United States, and Indonesia are expected to record significant growth in the construction industry in the coming years. China alone will account for 26.1% of global growth. India is expected to account for 14.1% and the United States for 11.1%, while Indonesia is expected to account for 7.0% of global growth.
- According to the United States Census Bureau, the annual value of construction in the residential sector accounted for USD 9,08,251 million in 2022, registering a growth rate of 13% from the previous year.
- Hence, looking at the growth of the construction sector all over the world will dominate the market. Thus, the demand for PVC stabilizers will see a boost in the forecast period.
Asia-Pacific to Dominate the Market Studied
- Asia-Pacific is expected to dominate the PVC stabilizer market during the forecast period due to the rapid increase in demand from countries like China and India in the construction, automotive, and other sectors.
- PVC pipes and flooring have certain benefits, such as durability, freedom of aesthetic effects, ease of installation, cleaning, and recyclability. PVC is also used in roofing in the building and construction industries. It is used for its low maintenance requirements and long-lasting nature (over 30 years).
- The Chinese government has rolled out massive construction plans, which include making provisions for the movement of 250 million rural people to its new megacities over the next ten years, creating a major scope for construction materials used in the future in various applications during construction activities to enhance the building properties.
- The housing authorities of Hong Kong launched several measures to kick-start the construction of low-cost housing. The officials aim to provide 301,000 public housing units in 10 years, until 2030.
- China is the world’s biggest automobile market in terms of production and sales. China's auto market experienced positive growth in 2022 despite several negative factors, including the frequent occurrence of COVID-19 outbreaks, a structural chip shortage, and local geopolitical conflicts. According to the China Association of Automobile Manufacturers, automobile production and sales reached 27.021 million and 26.864 million in 2022, up 3.4% and 2.1% from the previous year, respectively.
- The Indian Ministry of Environment, Forest, and Climate Change released the Lead Stabilizer in Polyvinyl Chloride (PVC) Pipes and Fittings Rules Amendment Rules on May 20, 2022 (published April 1, 2021, G.S.R. 228(E). The modification will take effect six months after it is published.
- On March 20, 2022, Vikas Ecotech Limited, which is in the business of specialty polymers, specialty additives, and chemicals for the plastics and rubber industries, received orders from HIL Limited (CK Birla Group) for organotin heat stabilizer material for use in food-grade drinking water plumbing systems, primarily cPVCPipes and Fittings.
- Therefore, the factors mentioned above, coupled with government support, contribute to the increasing demand for the PVC stabilizer market in Asia-Pacific during the forecast period.
PVC Stabilizers Industry Overview
The PVC stabilizers market is partially consolidated by nature. The major players include Akdeniz Chemson, Baerlocher GmbH, Kunshan Maijisen Composite Materials Co. Ltd., SONGWON, and Jin Changshu New Material Technology Co. Ltd., among others (not in any particular order).
PVC Stabilizers Market Leaders
Akdeniz Chemson
Baerlocher GmbH
Kunshan Maijisen Composite Materials Co. Ltd
SONGWON
Jinchangshu New Material Technology Co. Ltd
*Disclaimer: Major Players sorted in no particular order
PVC Stabilizers Market News
- April 2023: Songwon expanded its partnership with Omya, which was effective in January 2022. Under this partnership, along with Latin America, Omya provided marketing and sales, customer service, distribution, and logistics for SONGWON’s PVC stabilizers in Australia and New Zealand.
- August 2022: Goldstab Organics Pvt. Ltd. partnered with PT Brenntag as its distribution partner for Indonesia's PVC stabilizers, polymer additives, and paint driers. This association helped Goldstar grow and move closer to its Southeast Asian and Far Eastern customers.
PVC Stabilizers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Economic Benefits Provided by PVC Pipes, Tubing, and Fittings
4.1.2 Use of PVC in the Automotive Industry
4.2 Restraints
4.2.1 Health Hazards and Stringent Government Regulations Regarding the Use of Lead-based Stabilizers
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Type
5.1.1 Calcium-based
5.1.2 Lead-based
5.1.3 Tin-based
5.1.4 Barium-based
5.1.5 Other Types
5.2 End-user Industry
5.2.1 Building and Construction
5.2.2 Automotive
5.2.3 Electrical and Electronics
5.2.4 Packaging
5.2.5 Footwear
5.2.6 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ADEKA Corporation
6.4.2 Akdeniz Chemson
6.4.3 Baerlocher Gmbh
6.4.4 Clariant
6.4.5 Galata Chemicals
6.4.6 Goldstab Organics Pvt. Ltd.
6.4.7 Jiangsu Uniwel Chemistry Co. Ltd.
6.4.8 KD Chem Co. Ltd.
6.4.9 Kunshan Maijisen Composite Materials Co. Ltd.
6.4.10 PAU TAI Industrial Corporation
6.4.11 PMC Group Inc.
6.4.12 RA Chemicals
6.4.13 Reagens SPA
6.4.14 Shandong Jinchangshu New Material Technology Co., Ltd.
6.4.15 Songwon
6.4.16 TIMAH
6.4.17 Valtris Specialty Chemicals
6.4.18 Vikas Ecotech Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Usage of Organo-tin Stabilizers as an Environment Friendly Option
PVC Stabilizers Industry Segmentation
PVC stabilizers are one of the important additives used in manufacturing PVC (polyvinyl chloride) to avoid its decomposition during the heating process. During its manufacturing, PVC releases hydrochloride, which further decomposes and hampers its structure.
The PVC stabilizers market is segmented by type, end-user industry, and geography. By type, the market is segmented into calcium-based, lead-based, tin-based, barium-based, and other types. By end-user industry, the market is segmented into building and construction, automotive, electrical and electronics, packaging, footwear, and other end-user industries. The report also covers the market size and forecasts for the PVC stabilizers market in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on volume (kilotons).
| Type | |
| Calcium-based | |
| Lead-based | |
| Tin-based | |
| Barium-based | |
| Other Types |
| End-user Industry | |
| Building and Construction | |
| Automotive | |
| Electrical and Electronics | |
| Packaging | |
| Footwear | |
| Other End-user Industries |
| Geography | |||||||
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PVC Stabilizers Market Research FAQs
What is the current PVC Stabilizers Market size?
The PVC Stabilizers Market is projected to register a CAGR of greater than 3.5% during the forecast period (2023-2028).
Who are the key players in PVC Stabilizers Market?
Akdeniz Chemson, Baerlocher GmbH, Kunshan Maijisen Composite Materials Co. Ltd, SONGWON and Jinchangshu New Material Technology Co. Ltd are the major companies operating in the PVC Stabilizers Market.
Which is the fastest growing region in PVC Stabilizers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in PVC Stabilizers Market?
In 2023, the Asia Pacific accounts for the largest market share in the PVC Stabilizers Market.
PVC Stabilizers Industry Report
Statistics for the 2023 PVC Stabilizers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. PVC Stabilizers analysis includes a market forecast outlook to for 2023 to 2028) and historical overview. Get a sample of this industry analysis as a free report PDF download.
