PVC Stabilizers Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 1.48 Million tons |
| Market Volume (2029) | 1.82 Million tons |
| CAGR (2024 - 2029) | 4.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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PVC Stabilizers Market Analysis
The PVC Stabilizers Market size is estimated at 1.48 Million tons in 2024, and is expected to reach 1.82 Million tons by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).
The COVID-19 pandemic adversely affected the PVC stabilizers market. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
- The economic benefits provided by PVC pipes, tubing, and fittings and the use of PVC in the automotive industry fuel the growth of the global market.
- Health hazards and stringent government regulations regarding lead-based stabilizers hinder the market's growth.
- Nevertheless, the rising usage of organo-tin stabilizers as an environmentally friendly option may soon create lucrative growth opportunities for the global market.
- Asia-Pacific dominated the market across the world. Rising demand in different end-user industries, including building and construction in the countries of this region, is driving the Asia-Pacific market. China and India are the major contributors to this region.
PVC Stabilizers Market Trends
The Building and Construction Segment to Dominate the Market
- Polyvinyl chloride (PVC) is the most used plastic in the building and construction industry. Its strong, lightweight structure is durable against weathering, chemical corrosion, and abrasion. The products manufactured from this plastic include pipes, cables, window profiles, flooring, and roofing.
- PVC pipes are widely used for water, waste, and sewage systems. They suffer no build-up, scaling, or corrosion and provide smooth surfaces with a friction-free flow. PVC pipes are a safe choice for the transportation of drinking water. They provide more than 100 years of service life for underground pipes and are cost-efficient and 8-10 times recyclable.
- The PVC production in the United States is likely to be affected in the coming years due to the US government’s target of reducing emissions by 50% to 52% below 2005 levels by 2030 and, as a part of the Paris Agreement. Hence, the US PVC industry is likely to take significant actions to reduce its greenhouse gas (GHG) emissions and move toward carbon neutrality by 2050.
- Furthermore, in December 2023, the US Environmental Protection Agency (EPA) announced that it was planning to regulate PVC, which could significantly impact disposal requirements.
- China accounts for almost 50-60% of the total production of PVC pipes globally. The country is the largest exporter of rigid tubes, pipes, and hoses of vinyl chloride polymers.
- According to Invest India, by 2030, more than 40% of the population is expected to live in urban areas, creating a demand for 25 million additional mid-end and affordable units. Furthermore, according to the Ministry of Housing & Urban Affairs, around 134 lakh water tap connections and 102 lakh sewer/ septage connections are provided under the AMRUT scheme.
- According to the European Council of Vinyl Manufacturers, windows, pipes, flooring, roofing membranes, and other building products use 70% of all European PVC. It is the leading plastic in the European building and construction market.
- Hence, the construction industry worldwide is expected to dominate the market. Thus, the demand for PVC stabilizers may improve during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific is the leading region in the market. It is expected to dominate the PVC stabilizer market during the forecast period due to the rapid increase in demand from countries like China and India in construction, automotive, and other industries.
- PVC pipes and flooring have certain benefits, such as durability, freedom of aesthetic effects, ease of installation, cleaning, and recyclability. PVC is also used in roofing in the building and construction industries. It is used for its low maintenance requirements and long-lasting nature (over 30 years).
- The housing authorities of Hong Kong, China, have launched several measures to push the construction of low-cost housing. The officials aim to provide 301,000 public housing units in 10 years till 2030.
- In addition, Japan's construction industry has been another major consumer of PVC stabilizers in recent times.
- The country has experienced various construction projects. For instance, Mitsubishi State is constructing Japan's tallest building, which will comprise 50 luxury apartments, each of which will generate USD 43,000 per month in rent. The project is being built near the Tokyo station and will be completed by 2027.
- PVC is commonly used in under-the-hood applications, interiors, and other areas in conventional vehicles and electric vehicles in the automotive field.
- China is one of the major automotive manufacturers in the world. According to OICA, in 2023, the production of passenger vehicles in China stood at 26 million units, an increase of more than 10% compared to 2022.
- India is another major consumer of PVC in the automotive industry. Many major manufacturers have invested in automotive production to meet the rising demand. For instance, in May 2023, Maruti Suzuki India, the largest vehicle producer in India, revealed its plans to invest over USD 5.5 billion to double capacity by 2030.
- Therefore, the abovementioned factors and government support are expected to contribute to the increasing demand for the PVC stabilizer market in Asia-Pacific during the forecast period.
PVC Stabilizers Industry Overview
The PVC stabilizers market is partially fragmented by nature. The major players (not in any particular order) include Baerlocher GmbH, Adeka Corporation, Akdeniz Chemson, SONGWON, and Valtris Specialty Chemicals.
PVC Stabilizers Market Leaders
Baerlocher GmbH
Adeka Corporation
Akdeniz Chemson
Akdeniz Chemson
Valtris Specialty Chemicals
*Disclaimer: Major Players sorted in no particular order
PVC Stabilizers Market News
April 2023: Songwon expanded its partnership with Omya, effective January 2022. Under this partnership, along with Latin America, Omya provided marketing, sales, customer service, distribution, and logistics for Songwon's PVC stabilizers in Australia and New Zealand.
August 2022: Goldstab Organics Pvt. Ltd partnered with PT Brenntag as its distribution partner for Indonesia's PVC stabilizers, polymer additives, and paint driers. This association helped Goldstab grow and move closer to its Southeast Asia and Far East customers.
August 2022: Goldstab Organics Pvt. Ltd announced the beginning of its new production plant in Malaysia. This plant will produce PVC stabilizers with an 18,000 MT/annum production capacity. This expansion will help the company serve the demand for PVC stabilizers in Southeast Asia and the Far East.
PVC Stabilizers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for Stabilizers for PVC Pipes, Tubings and Fittings
4.1.2 Growing Safety Concerns to Drive the Demand for Calcium-based PVC Stabilizers
4.2 Restraints
4.2.1 Health Hazards and Stringent Government Regulations Regarding the Use of Lead-based Stabilizers
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 By Type
5.1.1 Calcium-based
5.1.2 Lead-based
5.1.3 Tin-based
5.1.4 Barium-based
5.1.5 Other Types
5.2 By End-user Industry
5.2.1 Building and Construction
5.2.2 Automotive
5.2.3 Electrical and Electronics
5.2.4 Packaging
5.2.5 Footwear
5.2.6 Other End-user Industries
5.3 By Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Adeka Corporation
6.4.2 Akdeniz Chemson
6.4.3 Baerlocher Gmbh
6.4.4 Clariant
6.4.5 Galata Chemicals
6.4.6 Goldstab Organics Pvt Ltd
6.4.7 Jiangsu Uniwel Chemistry Co. Ltd
6.4.8 KD Chem Co. Ltd
6.4.9 Kunshan Maijisen Composite Materials Co. Ltd
6.4.10 Pau Tai Industrial Corporation
6.4.11 PMC Group Inc.
6.4.12 Ra Chemicals
6.4.13 Reagens Spa
6.4.14 Shandong Jinchangshu New Material Technology Co. Ltd
6.4.15 SONGWON
6.4.16 TIMAH
6.4.17 Valtris Specialty Chemicals
6.4.18 Vikas Ecotech Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Usage of Organo-tin Stabilizers as an Environment-Friendly Option
PVC Stabilizers Industry Segmentation
PVC stabilizers are important additives used in manufacturing PVC (polyvinyl chloride) to avoid its decomposition during the heating process. During its manufacturing, PVC releases hydrochloride, which further decomposes and hampers its structure.
The PVC stabilizers market is segmented by type, end-user industry, and geography. The market is segmented by type into calcium-based, lead-based, tin-based, barium-based, and other types. The market is segmented by end-user industry into building and construction, automotive, electrical and electronics, packaging, footwear, and other end-user industries. The report also covers the market size and forecasts for the PVC stabilizers market in 15 countries across major regions. Market sizes and forecasts are provided for each segment based on volume (tons).
| By Type | |
| Calcium-based | |
| Lead-based | |
| Tin-based | |
| Barium-based | |
| Other Types |
| By End-user Industry | |
| Building and Construction | |
| Automotive | |
| Electrical and Electronics | |
| Packaging | |
| Footwear | |
| Other End-user Industries |
| By Geography | |||||||
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PVC Stabilizers Market Research FAQs
How big is the PVC Stabilizers Market?
The PVC Stabilizers Market size is expected to reach 1.48 million tons in 2024 and grow at a CAGR of 4.20% to reach 1.82 million tons by 2029.
What is the current PVC Stabilizers Market size?
In 2024, the PVC Stabilizers Market size is expected to reach 1.48 million tons.
Who are the key players in PVC Stabilizers Market?
Baerlocher GmbH, Adeka Corporation, Akdeniz Chemson, Akdeniz Chemson and Valtris Specialty Chemicals are the major companies operating in the PVC Stabilizers Market.
Which is the fastest growing region in PVC Stabilizers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in PVC Stabilizers Market?
In 2024, the Asia Pacific accounts for the largest market share in PVC Stabilizers Market.
What years does this PVC Stabilizers Market cover, and what was the market size in 2023?
In 2023, the PVC Stabilizers Market size was estimated at 1.42 million tons. The report covers the PVC Stabilizers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the PVC Stabilizers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
PVC Stabilizers Industry Report
Statistics for the 2024 PVC Stabilizers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. PVC Stabilizers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
