The Global PVC Additives Market is projected to reach a value of over USD 5.2 billion by 2027 at a CAGR of around 4.5%.
Polyvinyl chloride (PVC) is a versatile and resource-efficient thermoplastic with the widest range of applications of the plastics family making it useful in several industries. Without additives, PVC would not be a particularly useful substance, but its compatibility with a wide range of additives to soften it, colour it, make it more processable or longer-lasting, results in a broad range of potential applications. PVC products can be rigid or flexible, opaque or transparent, coloured and insulating or conducting.
Market Driver:
PVC is replacing traditional building materials such as wood, metal, concrete and clay in many applications. Versatility, cost-effectiveness and an excellent record of use mean it is the most important polymer for the construction sector. PVC is one of the most popular plastics used in building and construction. It is used in drinking water and wastewater pipes, window frames, flooring and roofing foils, wall coverings, cables and many other applications as it provides a modern alternative to traditional materials such as wood, metal, rubber and glass. These products are often lighter, less expensive and offer many performance advantages. The British Plastics Federation has calculated that every 100kg of plastic (including PVC) can replace between 200-300 kg of traditional materials. Thus, PVC is replacing the conventional material in all the end-use industries due to its superior properties, which is likely to drive the global PVC additives market.
Market Opportunities:
PVC is a versatile, cost-effective, and has an excellent record of use mean it is the most important polymer for the construction, medical, and automotive industries. In the construction industry, it is used in drinking water and wastewater pipes, window frames, flooring and roofing foils, wall coverings, cables and many other applications. In the automotive industry PVC is increasingly an integral part of modern cars. the European Council of Vinyl Manufacturers (ECVM) estimates that around 150kg of plastics are used within an average vehicle. Traditional cars require high performing materials, which help protect occupants, produce cheaper, cleaner and more energy-efficient vehicles and last the life of the car, typically 10-15 years. Plastics, including soft PVC in particular, have played a very significant role in light-weighting and improving performance and efficiency. Thus, the increasing investment in the construction sector, growing medical and automotive sector has expected to drive the global PVC additives market during the forecasted period.
The report on the PVC Additives market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2020 |
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Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) and Volume (Kiloton) |
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Segments Included |
Type, Fabrication Process, Application, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
PVC Additives Market, by Type
PVC Additives Market, by Fabrication Process
PVC Additives Market, by Application
PVC Additives Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE PVC ADDITIVES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
