PUNE, India, October 15, 2015 /PRNewswire/ --
The report "PVC Stabilizer Market by Type (TIN, Mixed Metal, Lead and Organic Stabilizers), by Application (Pipes & Fittings, Rigid & Semi-Rigid Films, Window Profiles, Wires & Cables, Coatings & Flooring), by Region - Trends & Forecasts to 2020" published by MarketsandMarkets, The PVC Stabilizer Market is projected to reach USD 3.8 Billion by 2020, signifying firm annualized growth of 6.9% between 2015 and 2020.
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The global market size of PVC stabilizer, in terms of volume, was 1,088.3 KT in 2014, and is projected to register a CAGR of 4.7% between 2015 and 2020.
Asia Pacific: The largest market for PVC Stabilizers
Asia-Pacific is the largest market for PVC stabilizers, registering a significant share of 57.1% of the total market in 2014. China is a leading country in Asia-Pacific as well as globally, in terms of volume and value. The market patterns of PVC stabilizer types used for various applications are continuously witnessing an upward trend, mainly due to the increase in the use of PVC in various applications such as pipes & fittings, rigid & semi-rigid films, window profiles, coatings & flooring, and other applications that include medical and consumer goods. The global PVC stabilizers market offers high growth potential in the next five years. Presently, the demand for PVC stabilizers is driven due to dynamic growth in building and construction industry in Asia-Pacific, wide application of PVC, and replacement of conventional materials by PVC in various applications.
"Lead stabilizers, the biggest market and organic stabilizers, the fastest-growing markets among various types of stabilizers used for various applications."
Lead PVC stabilizer account for a larger market share than other types of stabilizers such as tin, organic, and mixed metal stabilizer. Lead stabilizer was the first compound to be used as a stabilizer to prevent PVC from degradation. These stabilizers are widely used because of their cost-effectiveness and heat resistance property. Due to its toxic nature, the demand for lead stabilizers has decreased in Europe and North America.
PVC stabilizers are used in various PVC applications such as pipes & fittings, window profiles, rigid & semi-rigid films, wire & cables, coatings & flooring, and others. PVC pipes & fittings application is the largest market for PVC stabilizers globally. This application segment is projected to grow at a CAGR of 4.3%, in terms of volume, during the period of study. The fastest-growing PVC stabilizers application segment is coatings & flooring, and is projected to grow at a CAGR of 9.4%, in terms of value, between 2015 and 2020.
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The global PVC stabilizer market offers high growth potential in the next five years. Presently, the demand for PVC stabilizers is driven due to dynamic growth in the building and construction industry in Asia-Pacific, wide application of PVC, and replacement of conventional materials by PVC in various applications. The price fluctuation of metals used for the manufacturing of PVC stabilizers is the key restraining factor for the PVC stabilizer market. The major challenge to hinder the growth of PVC stabilizers market is its prohibited use in the construction of green buildings.
The leading PVC stabilizers manufacturers include Pau Tai Industrial Corporation (Taiwan), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Baerlocher GmbH (Germany), Clariant AG (Switzerland), Arkema SA (France), Songwon Industrial Co. Ltd. (South Korea), Addivant USA LLC (U.S.), and Sun Ace (Singapore).
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