PVC Additives Market By Type (Stabilizers, Impact Modifiers, Processing Aids, Lubricants, Plasticizers, Others), By Application (Pipes and Fittings, Profiles and Tubing, Wire and Cable, Rigid Sheet and Panel, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033

April 2024 | 340 pages | ID: PDAA6403ABE2EN
Allied Market Research

Abstracts

The global PVC additives market was valued at $6.1 billion in 2023, and is projected t%li%reach $10.7 billion by 2033, growing at a CAGR of 5.8% from 2024 t%li%2033.



PVC additives are substances blended with polyvinyl chloride (PVC) t%li%modify its mechanical and chemical properties. These additives enhance durability, flexibility, chemical resistance, color stability, and impact resistance. They play a crucial role in achieving desired performance requirements for various PVC products such as pipes, window frames, electrical cable insulation, and flooring. By adjusting the concentration of these additives, manufacturers tailor PVC formulations t%li%meet specific end-use specifications.

The demand for PVC additives is driven by surge in focus on sustainability and regulatory compliance. Additives such as biocides, flame retardants, and lead stabilizers are being replaced with eco-friendly alternatives t%li%minimize environmental impact and meet stringent regulations regarding hazardous substances. As environmental concerns continue t%li%rise, there is a rise in preference for PVC formulations that are free from harmful chemicals and additives, thus spurring innovation in the development of safer and more sustainable alternatives. All these factors are expected t%li%drive the demand for the PVC additives market during the forecast period.

However, the stringent regulatory landscape poses a formidable challenge t%li%PVC additive manufacturers, particularly in regions with stringent environmental and safety standards. Additives such as lead stabilizers, phthalate plasticizers, and heavy metal-based pigments, once widely used in PVC formulations, are now subject t%li%stringent regulatory scrutiny due t%li%their potential adverse health and environmental impacts. Compliance with regulations necessitates the development and adoption of alternative additives that meet stringent safety and environmental criteria, adding complexity and cost t%li%the production process. All these factors hamper the PVC additives market growth.

The adoption of PVC additives t%li%enhance recyclability aligns with broader sustainability objectives and regulatory mandates aimed at reducing plastic waste and promoting a circular economy. Governments, industry associations, and consumers are increasingly advocating for the use of recycled materials and the incorporation of sustainable additives t%li%minimize environmental impact and mitigate the depletion of finite resources. As a result, there is a growing market demand for PVC additives that enable the production of recyclable and eco-friendly PVC products across various sectors, including construction, automotive, packaging, and consumer goods. All these factors are anticipated t%li%offer new growth opportunities for the PVC additives market during the forecast period.

The PVC additives market is segmented on the basis of type, application, and region. On the basis of type, the market is divided int%li%stabilizers, impact modifiers, processing aids, lubricants, plasticizers, and others. On the basis of application, the market is segregated int%li%pipes & fittings, profiles & tubing, wire & cable, rigid sheet & panel, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By type, the others segment accounted for more than two-fifths of global PVC additives market share in 2023 and is expected t%li%maintain its dominance during the forecast period. In others segment include fillers, flame retardants, and pigments. Pigments are additives used t%li%impart color t%li%PVC products, ranging from vibrant hues in consumer goods t%li%subtle tones in building materials. The aesthetic appeal of PVC products is a significant factor driving the demand for pigments that allows manufacturers t%li%create visually appealing finishes that meet consumer preferences and design trends. Moreover, flame retardants are another essential category of additives, particularly in applications where fire safety is paramount, such as building materials and automotive components.

By application, the rigid sheet & panel segment accounted for more than one-fourth of global PVC additives market share in 2023 and is expected t%li%maintain its dominance during the forecast period. The surge in construction sector, particularly in emerging economies, is driving the demand for rigid PVC sheets and panels for applications such as roofing, cladding, and signage. According t%li%the Invest India, India has an investment budget of $1.4 Tn on infrastructure. As infrastructure development projects proliferate, there is a corresponding increase in the need for high-quality PVC additives t%li%ensure the performance and longevity of these construction materials.

Asia-Pacific accounted for more than half of the global PVC additives market share in 2023 and is expected t%li%maintain its dominance during the forecast period. The replacement of traditional materials with PVC in various applications such as piping, flooring, and cable insulation is becoming increasingly prevalent due t%li%PVC's versatility, cost-effectiveness, and durability. This shift towards PVC-based solutions necessitates the use of additives t%li%enhance the properties of PVC materials that drive the demand for PVC additives in the Asia-Pacific region.

Key players in the PVC additives market include Addivant, Arkema, BASF SE, CLARIANT, Dow, Eastman Chemical Company, Evonik, Solvay, SONGWON, and The Lubrizol Corporation. Apart from these major players, there are other key players in the PVC additives market. These include KANEKA CORPORATION, Akz%li%Nobel N.V., LANXESS, Mitsubishi Chemical Group Corporation, ADEKA CORPORATION, Wacker Chemie AG, Nouryon, and Sumitom%li%Chemical Co., Ltd.

Key findings of the study

• On the basis of type, the stabilizers segment is anticipated t%li%grow at the fastest CAGR of 6.3% during the forecast period.
• On the basis of application, the profiles & tubing segment is anticipated t%li%grow at the fastest CAGR of 6.4% during the forecast period.
• Region-wise, Asia-Pacific has the highest share in 2022 in terms of revenue.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pvc additives market analysis from 2023 t%li%2033 t%li%identify the prevailing pvc additives market opportunities.
• The market research is offered along with information related t%li%key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers t%li%enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the pvc additives market segmentation assists t%li%determine the prevailing market opportunities.
• Major countries in each region are mapped according t%li%their revenue contribution t%li%the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global pvc additives market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)

• Analysis of raw material in a product (by %)
• Manufacturing Capacity
• End user preferences and pain points
• Product Benchmarking / Product specification and applications
• Product Life Cycles
• Upcoming/New Entrant by Regions
• Technology Trend Analysis
• Market share analysis of players by products/segments
• New Product Development/ Product Matrix of Key Players
• Regulatory Guidelines
• Additional company profiles with specific t%li%client's interest
• Additional country or region analysis- market size and forecast
• Average Selling Price Analysis / Price Point Analysis
• Expanded list for Company Profiles
• Historic market data
• Import Export Analysis/Data
• Key player details (including location, contact details, supplier/vendor network etc. in excel format)
• List of customers/consumers/raw material suppliers- value chain analysis
• Market share analysis of players at global/region/country level
• SWOT Analysis
• Volume Market Size and Forecast

Key Market Segments

By Type

• Stabilizers
• Impact Modifiers
• Processing Aids
• Lubricants
• Plasticizers
• Others

By Application

• Pipes and Fittings
• Profiles and Tubing
• Wire and Cable
• Rigid Sheet and Panel
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific
• LAMEA
• Brazil
• South Africa
• Saudi Arabia
• Rest of LAMEA
• Key Market Players
• Addivant USA, LLC
• Arkema
• BASF SE
• CLARIANT
• Dow
• Eastman Chemical Company
• Evonik
• Solvay
• Songwon
• The Lubrizol Corporation

Contents

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
  1.4.1. Primary research
  1.4.2. Secondary research
  1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top impacting factors
  3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Pricing Analysis
3.7. Key Regulation Analysis
3.8. Patent Landscape

CHAPTER 4: PVC ADDITIVES MARKET, BY TYPE

4.1. Overview
  4.1.1. Market size and forecast
4.2. Stabilizers
  4.2.1. Key market trends, growth factors and opportunities
  4.2.2. Market size and forecast, by region
  4.2.3. Market share analysis by country
4.3. Impact Modifiers
  4.3.1. Key market trends, growth factors and opportunities
  4.3.2. Market size and forecast, by region
  4.3.3. Market share analysis by country
4.4. Processing Aids
  4.4.1. Key market trends, growth factors and opportunities
  4.4.2. Market size and forecast, by region
  4.4.3. Market share analysis by country
4.5. Lubricants
  4.5.1. Key market trends, growth factors and opportunities
  4.5.2. Market size and forecast, by region
  4.5.3. Market share analysis by country
4.6. Plasticizers
  4.6.1. Key market trends, growth factors and opportunities
  4.6.2. Market size and forecast, by region
  4.6.3. Market share analysis by country
4.7. Others
  4.7.1. Key market trends, growth factors and opportunities
  4.7.2. Market size and forecast, by region
  4.7.3. Market share analysis by country

CHAPTER 5: PVC ADDITIVES MARKET, BY APPLICATION

5.1. Overview
  5.1.1. Market size and forecast
5.2. Pipes and Fittings
  5.2.1. Key market trends, growth factors and opportunities
  5.2.2. Market size and forecast, by region
  5.2.3. Market share analysis by country
5.3. Profiles and Tubing
  5.3.1. Key market trends, growth factors and opportunities
  5.3.2. Market size and forecast, by region
  5.3.3. Market share analysis by country
5.4. Wire and Cable
  5.4.1. Key market trends, growth factors and opportunities
  5.4.2. Market size and forecast, by region
  5.4.3. Market share analysis by country
5.5. Rigid Sheet and Panel
  5.5.1. Key market trends, growth factors and opportunities
  5.5.2. Market size and forecast, by region
  5.5.3. Market share analysis by country
5.6. Others
  5.6.1. Key market trends, growth factors and opportunities
  5.6.2. Market size and forecast, by region
  5.6.3. Market share analysis by country

CHAPTER 6: PVC ADDITIVES MARKET, BY REGION

6.1. Overview
  6.1.1. Market size and forecast By Region
6.2. North America
  6.2.1. Key market trends, growth factors and opportunities
  6.2.2. Market size and forecast, by Type
  6.2.3. Market size and forecast, by Application
  6.2.4. Market size and forecast, by country
    6.2.4.1. U.S.
      6.2.4.1.1. Market size and forecast, by Type
      6.2.4.1.2. Market size and forecast, by Application
    6.2.4.2. Canada
      6.2.4.2.1. Market size and forecast, by Type
      6.2.4.2.2. Market size and forecast, by Application
    6.2.4.3. Mexico
      6.2.4.3.1. Market size and forecast, by Type
      6.2.4.3.2. Market size and forecast, by Application
6.3. Europe
  6.3.1. Key market trends, growth factors and opportunities
  6.3.2. Market size and forecast, by Type
  6.3.3. Market size and forecast, by Application
  6.3.4. Market size and forecast, by country
    6.3.4.1. Germany
      6.3.4.1.1. Market size and forecast, by Type
      6.3.4.1.2. Market size and forecast, by Application
    6.3.4.2. France
      6.3.4.2.1. Market size and forecast, by Type
      6.3.4.2.2. Market size and forecast, by Application
    6.3.4.3. UK
      6.3.4.3.1. Market size and forecast, by Type
      6.3.4.3.2. Market size and forecast, by Application
    6.3.4.4. Spain
      6.3.4.4.1. Market size and forecast, by Type
      6.3.4.4.2. Market size and forecast, by Application
    6.3.4.5. Italy
      6.3.4.5.1. Market size and forecast, by Type
      6.3.4.5.2. Market size and forecast, by Application
    6.3.4.6. Rest of Europe
      6.3.4.6.1. Market size and forecast, by Type
      6.3.4.6.2. Market size and forecast, by Application
6.4. Asia-Pacific
  6.4.1. Key market trends, growth factors and opportunities
  6.4.2. Market size and forecast, by Type
  6.4.3. Market size and forecast, by Application
  6.4.4. Market size and forecast, by country
    6.4.4.1. China
      6.4.4.1.1. Market size and forecast, by Type
      6.4.4.1.2. Market size and forecast, by Application
    6.4.4.2. India
      6.4.4.2.1. Market size and forecast, by Type
      6.4.4.2.2. Market size and forecast, by Application
    6.4.4.3. Japan
      6.4.4.3.1. Market size and forecast, by Type
      6.4.4.3.2. Market size and forecast, by Application
    6.4.4.4. South Korea
      6.4.4.4.1. Market size and forecast, by Type
      6.4.4.4.2. Market size and forecast, by Application
    6.4.4.5. Australia
      6.4.4.5.1. Market size and forecast, by Type
      6.4.4.5.2. Market size and forecast, by Application
    6.4.4.6. Rest of Asia-Pacific
      6.4.4.6.1. Market size and forecast, by Type
      6.4.4.6.2. Market size and forecast, by Application
6.5. LAMEA
  6.5.1. Key market trends, growth factors and opportunities
  6.5.2. Market size and forecast, by Type
  6.5.3. Market size and forecast, by Application
  6.5.4. Market size and forecast, by country
    6.5.4.1. Brazil
      6.5.4.1.1. Market size and forecast, by Type
      6.5.4.1.2. Market size and forecast, by Application
    6.5.4.2. South Africa
      6.5.4.2.1. Market size and forecast, by Type
      6.5.4.2.2. Market size and forecast, by Application
    6.5.4.3. Saudi Arabia
      6.5.4.3.1. Market size and forecast, by Type
      6.5.4.3.2. Market size and forecast, by Application
    6.5.4.4. Rest of LAMEA
      6.5.4.4.1. Market size and forecast, by Type
      6.5.4.4.2. Market size and forecast, by Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. Addivant USA, LLC
  8.1.1. Company overview
  8.1.2. Key executives
  8.1.3. Company snapshot
  8.1.4. Operating business segments
  8.1.5. Product portfolio
  8.1.6. Business performance
  8.1.7. Key strategic moves and developments
8.2. Arkema
  8.2.1. Company overview
  8.2.2. Key executives
  8.2.3. Company snapshot
  8.2.4. Operating business segments
  8.2.5. Product portfolio
  8.2.6. Business performance
  8.2.7. Key strategic moves and developments
8.3. BASF SE
  8.3.1. Company overview
  8.3.2. Key executives
  8.3.3. Company snapshot
  8.3.4. Operating business segments
  8.3.5. Product portfolio
  8.3.6. Business performance
  8.3.7. Key strategic moves and developments
8.4. CLARIANT
  8.4.1. Company overview
  8.4.2. Key executives
  8.4.3. Company snapshot
  8.4.4. Operating business segments
  8.4.5. Product portfolio
  8.4.6. Business performance
  8.4.7. Key strategic moves and developments
8.5. Dow
  8.5.1. Company overview
  8.5.2. Key executives
  8.5.3. Company snapshot
  8.5.4. Operating business segments
  8.5.5. Product portfolio
  8.5.6. Business performance
  8.5.7. Key strategic moves and developments
8.6. Eastman Chemical Company
  8.6.1. Company overview
  8.6.2. Key executives
  8.6.3. Company snapshot
  8.6.4. Operating business segments
  8.6.5. Product portfolio
  8.6.6. Business performance
  8.6.7. Key strategic moves and developments
8.7. Evonik
  8.7.1. Company overview
  8.7.2. Key executives
  8.7.3. Company snapshot
  8.7.4. Operating business segments
  8.7.5. Product portfolio
  8.7.6. Business performance
  8.7.7. Key strategic moves and developments
8.8. Solvay
  8.8.1. Company overview
  8.8.2. Key executives
  8.8.3. Company snapshot
  8.8.4. Operating business segments
  8.8.5. Product portfolio
  8.8.6. Business performance
  8.8.7. Key strategic moves and developments
8.9. Songwon
  8.9.1. Company overview
  8.9.2. Key executives
  8.9.3. Company snapshot
  8.9.4. Operating business segments
  8.9.5. Product portfolio
  8.9.6. Business performance
  8.9.7. Key strategic moves and developments
8.10. The Lubrizol Corporation
  8.10.1. Company overview
  8.10.2. Key executives
  8.10.3. Company snapshot
  8.10.4. Operating business segments
  8.10.5. Product portfolio
  8.10.6. Business performance
  8.10.7. Key strategic moves and developments