PVC or Polyvinyl chlorides are first developed thermoplastic polymers widely used in majority of the applications as they are versatile and remain unchanged for a long period of time. Polyvinyl chlorides (PVC) have low thermal stability, owing to which processing PVCs at high temperatures is only possible by adding specific additives and heat stabilizers, on account of which it has become a key bulk plastic. Various types of additives are used to control polyvinyl chloride (PVC) polymerization such as stabilizers, impact modifiers, processing aids, lubricants, plasticizers, and others, as they shield the substrates against thermal degradation of Polyvinyl chlorides throughout processing, end-use, and manufacturing.
The global Rising construction activities and demand of various PVC products is driving the PVC Additives market is projected to reach USD 7,289 Million by 2030, growing at a CAGR of 5.87%.
PVC or Polyvinyl chlorides are derived from common salt and hydrocarbon feedstock in contrast to other thermoplastics which are completely derived from oil. PVCs are combined with various other additives to manufacture several types of products. The additive have a major influence on the properties of PVCs such as weather fastness, mechanical properties, colour and clarity. PVC is the least oil dependant thermoplastic as compared to other polymers which are derived from non-renewable resources. There is a rise in use of ethylene generated from sugar crops to produce PVC as a substitute of ethylene derived from natural gas and oil, owing to which the demand for PVC additives is expected to grow over the forecast period.
Rise in the use of lightweight PVC as a substitute for conventional iron, concrete, and steel goods in most of the industrial sectors is driving the PVC additives market
PVC or Polyvinyl chlorides additives are extensively used in pipe & fittings, rigid sheet & panel, profiles & tubing, bottles, wires & cables, and several other products that are used by consumers in their daily life. Some types of PVC additives such as lubricants or waxes are used to decrease the friction during manufacturing and processing. External lubricants are also used to reduce the friction between the processing equipment and PVC, and internal lubricants mostly used for processing PVC granules. Other additives such as heat stabilisers are used to stop the decomposition of the PVC caused by shear and heat during processing. Plasticiser additives are also used during PVC processing to make it more resilient, flexible, and easy to handle.
PVC offers various advantages such as it is easy to process, and are tough, light, and long lasting. PVC utilizes less primary energy throughout the production process as compared to any other commodity plastics. PVC have excellent organoleptic properties i.e. no taint transfer on food and high clarity owing to which it is well suited for use in applications such as specialised food packaging. PVC also have medical approvals and extensive European food contact on account of which it is widely used for pharmaceutical and medical applications.
Growing use of stabilizers in pipes & fittings is driving the PVC additives market
PVC additives have a small carbon footprint, due to which it is being used in various applications such as drainage pipe, window frames, water service pipe, blood storage bags, medical devices, cables and wires insulation, roofing membranes, resilient flooring, stationary, seat coverings and automotive interiors, footwear and fashion, packaging, vinyl records, credit cards, and coated fabrics such as synthetic leather.
Pipes & fittings used in various industries should be able to endure the toughest and robust demands for a long time. PVC additives when added with PVC in pipes and fittings ensure that they have excellent chemical resistance properties, last for more than 100 years and become corrosion-resistant. PVC pipes are also cost effective, long lasting with outstanding quality and have excellent flow properties due to smooth inner surfaces, outstanding sealing properties due to secure joints, and low unit weight coupled with recycling properties. The growing demand for good quality, cost effective, lightweight pipes and fittings in various industries is expected to drive the PVC additives market over the forecast period.
Asia-Pacific is expected to lead the PVC additive market growth
The growth in the Asia-Pacific region is mainly driven by countries such as China, and India and is projected to lead the PVC additive market with the highest CAGR during the forecast period. China is one of the leading manufacturers of thermoplastic polymers. It is also a major producer of pipes, fittings, window profiles, rigid and semi-rigid films, flexible pvc, wire & cables, medical appliances, consumer goods, coatings & flooring and consumer goods, with a dominant position all over the world. With the growing use of such products, the demand for PVC additives is expected to grow in China over the forecast period.
India is also becoming an emerging hub for major industries such as pipes, medical devices, cables, wire insulations, roofing membranes, floorings, automotive interiors, packaging, and various other industries owing to the presence of cheap labor, growing foreign direct investments, and relaxed government regulations and norms. The government of India is also running campaigns such as “Make in India” due to which there is a rise in the manufacturing industries all over the country. India is one of the promising and lucrative market for several construction industries, and the rise in the standard of living of general public is anticipated to drive the growth of these sectors in the coming years. Additionally, growing need for better and improved polymer additives for PVCs is expected to boost the PVC additives market over the forecast period.
Key Market Players
• BASF SE
• Chemson Group
• Arkema Group
• ADEKA CORPORATION
• Baerlocher GmbH
• Galata Chemicals
• Honeywell International Inc.
• Prochem Co.LTD.
PVC Additives Market Scope
|Revenue forecast in 2030
|USD 7,289 Million
|CAGR of 5.87% during 2020-2030
|By Type, By Fabrication, By Application, By End-Use, Region.
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Kaneka Corporation (Japan), Arkema S.A. (France), BASF SE (Germany), Songwon Industrial Co., Ltd. (South Korea), Akzo Nobel N.V. (Netherlands), Adeka Corporation (Japan), Clariant AG (Switzerland), Pau Tai Industrial Corporation (Taiwan), Baerlocher GmbH (Germany), and Shandong Ruifeng Chemical Co., Ltd. (China), among others.
Key Segment Of The PVC Additives Market
By Type (USD Million)
• Flame Retardants
• Impact Modifiers
By Fabrication (USD Million)
• Injection Moulding
By Application (USD Million)
• Fittings & Pipes
• Tubing & Profiles
• Panels & Rigid Sheets
• Wire & Cables
By End-Use (USD Million)
• Consumer Goods
Regional Overview (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa