The global PVC stabilizers market size was valued at US$ 1,397.8 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.09% from 2023 to 2030. The market of PVC Stabilizers is estimated to grow at a significant pace over the forecast period. This growth is attributed to the growing global population and increase in spending on infrastructure projects. PVC Stabilizers are additives that are added to enhance the performance of PVC in different applications, including pipes & fittings, window profiles, rigid & semi-rigid films, wire & cables, coatings & flooring, and others. Moreover, growing use of organic based stabilizers is further expected to propel market growth. The use of organic based stabilizers is an increasing trend in PVC pipes production as they offer several advantages over traditional lead and calcium zinc stabilizers. They can be processed and used in a more environmentally friendly way, avoiding the need for heavy metals that can leach into the environment when recycled.
Global PVC Stabilizers Market: Regional Insights
Based on geography, the global PVC stabilizers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is expected to dominate the global PVC stabilizers market over the forecast period. The increased residential construction in the region, along with the increase in demand for PVC pipes and fittings is expected to drive the market growth in the future.
Europe is the second largest market for PVC stabilizers, followed by Asia Pacific. The Asia Pacific market is expected to grow at the fastest rate during the forecast period, owing to the rapidly growing construction industry in the region. This is attributed to the rapid industrialization and urbanization in the region. Furthermore, the availability of raw materials and labor are expected to fuel the market growth in the region.
Figure 1. Global PVC Stabilizers Market, By Region 2022
Global PVC Stabilizers Market Drivers:
Economic benefits offered by PVC pipes, fittings, and tubes to augment market growth
PVC stabilizers are formulated to protect polymerized plastics like PVC from the degradation that occurs when they are exposed to heat or ultraviolet light. This degradation causes the release of hydrogen chloride, which discolors the material and corrodes processing equipment. The main function of a PVC stabilizer is used to replace the labile chlorine atoms in PVC chains that cause instability. Some stabilizers also have an antioxidant function and can reduce the release of free radicals in the polymerized plastic.
Growing popularity organotin based thermal stabilizers to foster market growth
Organotin based thermal stabilizers are known to exhibit high efficiency and offer excellent color retention in plasticized and rigid PVC applications. These stabilizers are compatible and friendly with the other additives that are used in PVC, minimizing processing challenges.
Global PVC Stabilizers Market Opportunities:
Growing popularity of mixed metal based stabilizers is expected to offer significant growth opportunities. These stabilizers typically contain C8 to C18 carboxylic acids, such as stearic acid or calcium stearate, in combination with metallic salts (barium, cadmium, zinc, or lead) and soaps. The presence of other components such as organophosphates, phosphite chelators and epoxy co-stabilizers further improve their performance. Barium-zinc stearate is a common stabilizer used to stabilize the heat resistance of medical grade PVC. This stabilizer is very effective and has a number of advantages, including its low toxicity.
Growing awareness regarding the advantages of PVC stabilizers is expected to serve major growth opportunities. They prevent the decomposition of polymers during processing and help increase their resistance to daylight, heat aging and weathering. Stabilizers are available in a variety of different formulations and have an important influence on the physical properties, costs, and regulatory approval requirements of a PVC product.
|Base Year:||2022||Market Size in 2022:||US$ 1,397.8 Mn|
|Historical Data for:||2017 to 2021||Forecast Period:||2023 to 2030|
|Forecast Period 2023 to 2030 CAGR:||5.09%||2030 Value Projection:||US$ 2,079.5 Mn|
Adeka Corporation, Baerlocher GmbH, Chemson Polymer Additive AG, Galata Chemicals, Jiangsu Uniwel Chemistry Co. Ltd, KD Chem Co. Ltd, Pau Tai Industrial Corporation, PMC Group Inc., PT TIMAH Tbk, Reagens SpA, Shital Industries Pvt Ltd, SONGWON, Sun Ace Kakoh (Pte) Ltd, Valtris Specialty Chemicals, and Vikas Ecotech Ltd.
|Restraints & Challenges:||
Global PVC Stabilizers Market Trends:
Increasing use of tin-based stabilizers in place of lead-based stabilizers is a recent trend
Tin-based stabilizers are increasingly replacing lead-based stabilizers due to growing environmental concerns. They are environmentally friendly, causing less pollution. Their production process is also less energy-consuming than that of lead stabilizers.
New product launch is another recent trend
Key players are introducing new and novel products due to ongoing research &development activities. This trend is expected to continue in the near future also. For instance, in May 2022, Alfa Chemistry announces the launch of varieties of heat stabilizers, which are largely used in the medical-grade PVC industry, where they play the role of inhibiting the chemical break-down and discoloring of polymers under heat.
Global PVC Stabilizers Market Restraints:
Strict environmental regulations to hamper market growth
PVC stabilizers have very negative impact on the environment. A PVC stabilizer is an additive that prevents the polymer from undergoing decomposition during the heating process and can be formulated from a number of different types of substances. These substances can include heavy metal salts that are not considered to be safe for the environment or for human health. The European Stabilizer Producers Association (ESPA) has called for a strong focus on PVC stabilizer development that is not based on traditional heavy metals such as lead and tin. This is part of an overall European commitment to reducing the use of chemicals that can be restricted by REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) regulation.
Impact of Covid-19 on the global economy to hinder market growth
The recent outbreak of coronavirus put a significant strain on the market and is projected to negatively impact the market during the forecast period. However, considering the reopening of various industries worldwide, it is projected that the market for PVC stabilizers will return to normal conditions over the forecast period.
Figure 2. Global PVC Stabilizers Market, By Type 2022
Global PVC Stabilizers Market Segmentation:
The global PVC stabilizers market report is segmented into type, end user industry, and geography
Based on type, the market is segmented into Calcium-based, Lead-based, Tin-based, Barium-Based, and Other Types (Magnesium-, Potassium-, and Cadmium-based). Out of which, Calcium-based is expected to dominate the global market over the forecast period and this is attributed to the rising trend toward organic-based calcium and zinc stabilizers.
Tin-based segment is also expected to witness significant growth in the near future and this is owing to the growing popularity in PVC pipes and fittings.
Based on end user industry, the market is segmented into Building and Construction, Automotive, Electrical and Electronics, Packaging, Footwear, and Other End user Industries. Out of which, Building and Construction is expected to dominate the global market over the forecast period and this is attributed to the growing adoption of PVC in building and construction sector due to its durability to weathering, strong and lightweight structure, chemical corrosion, and fire resistance property.
Automotive segment is also expected to witness significant growth in the near future. PVC is widely used in automotive industry due to its lightweight and excellent flexibility property. They also have fire retardant, thermal stability, and high-gloss property.
Global PVC Stabilizers Market: Key Developments
In May 2019, Baerlocher GmbH invested around US$ 10 million in its Malaysian subsidiary Seremban for the expansion having an additional production line for metal stearates, an office facility and a new warehouse.
In January 2020, Baerlocher launched a production line that will supply Ca-based stabilizers to the Indian market.
In November 2019, JiangSu Uniwel Chemistry Co. Ltd agreed for strategic co-operation agreement with SONGWON to enhance their PVC stabilizer business.
In January 2020, PMC Group announced the acquisition of Lanxess’ organotin specialties product line from Lanxess Organometallics GmbH. The deal was earlier revealed on November 13, 2019. It includes Lanxess’ global organotin catalyst, organotin specialties, and intermediates product lines.
Global PVC Stabilizers Market: Key Companies Insights
The global PVC stabilizers market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global PVC stabilizers market are Adeka Corporation, Baerlocher GmbH, Chemson Polymer Additive AG, Galata Chemicals, Jiangsu Uniwel Chemistry Co. Ltd, KD Chem Co. Ltd, Pau Tai Industrial Corporation, PMC Group Inc., PT TIMAH Tbk, Reagens SpA, Shital Industries Pvt Ltd, SONGWON, Sun Ace Kakoh (Pte) Ltd, Valtris Specialty Chemicals, and Vikas Ecotech Ltd
*Definition: PVC stabilizers are a key additive for flexible plastics and other manufactured products. They help protect the plastic against deterioration by heat, ultraviolet light and oxygen. Stabilizers play a vital role in many different types of consumer and industrial goods, including pipes, window profiles, cables, coatings and flooring.
Stabilizers are an essential part of polyvinyl chloride (PVC) processing and are mainly used to prevent the decomposition of PVC during heating. During processing, PVC is heated to soften it and release the hydrogen chloride it contains that causes further decomposition. Lead, mixed metal, tin and organic stabilizers are commonly used to stop this chain reaction of decomposition. A wide range of lubricants can be found in the market that are well suited for use with most stabilizer systems. Stearic acid and stearyl alcohol are the most common lubricants in the industry and they have no adverse effects on PVC heat stability. They are especially recommended for barium phenates, calcium/zinc and lead stabilizers, because they are compatible with these systems.
The global PVC stabilizers market is expected to witness a significant growth during the forecast period. The market is mainly driven by the increasing use of PVC in various end user industries such as building and construction, automotive, electrical and electronics, packaging and footwear. The rising demand for PVC pipes and fittings is also projected to propel market growth during the forecast period.
On the other hand, health and environmental concern associated with the use of PVC pipes and fittings are expected to hamper market growth.
Key features of the study:
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