The growth of the PVC additives market is mainly driven by the increasing use of PVC in varied applications. In addition, they improve the melting and molding properties of plastics, as well as their strength, stability and chemical properties, additives also protect plastics from losing their molecular properties to heat and high shear rates generated during the processing of plastics. Stabilizers and lubricants also help in the processing of rigid PVC, and antioxidants prevent the molecular structure of nylons from decomposing during molding.
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The Global PVC Additives Market accounted for USD 3.02 billion in 2016 and is projected to grow at a CAGR of 6.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
PVC, polyvinyl chloride is a thermoplastic used in a wide range of applications such as pipes & fittings, profiles & tubings, rigid sheet & panel and others. PVC additives are used to make it soft and long lasting.
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Additives also make PVC stronger, increasing its rigidity. The market for PVC additives is expected to grow on account of growing applications of PVC in construction, mining and other industries.
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Major Market Drivers and Restraint
- Increasing use of PVC in various applications
- Replacement of conventional material with PVC
- High demand for additive based PVC
- Low R&D budgets in the emerging markets
Major Market Competitors:
Some of the major players in PVC additives market include Kaneka Corporation, Arkema SA, BASF SE, Songwon Industrial Co. Ltd., Akzo Nobel N.V., Adeka Corporation, Clariant AG, PAU Tai Industrial Corporation, Baerlocher GmbH, Shandong Ruifeng Chemical Co.
Ltd., Akdeniz Kimya A.S., Shandong Rike Chemicals Co., Ltd., Novista Group, Indofil Industries Limited, En-Door, Sun Ace, Patcham FZC, Valtris Specialty Chemicals and many more.
On The Basis Of Type
- Impact Modifiers
- Processing Aids
On The Basis Of Fabrication Process
- Injection Molding
On The Basis Of Application
- Pipes & Fittings
- Profiles & Tubing
- Rigid Sheet & Panel
On The Basis Of Geography, the PVC additives market report covers data points for 28 countries across multiple geographies such as
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global PVC additives market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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