PVC Stabilizer Market by Type , by Application - Trends & Forecasts to 2020
PVC stabilizers are organic or inorganic substances that are added to PVC in order to improve its characteristics such as strength, durability, and heat sensitivity. PVC stabilizers are used to add value by modifying the physical or chemical properties of PVC or by reinforcing its mechanical properties to make it stronger and better for end-use applications. PVC stabilizers are used in a variety of applications of PVC such as pipes & fittings, rigid and semi-rigid films, coatings & flooring, window profiles, and wires & cables. They also help in the processing of PVC by increasing its heat stability, melting point, and lubrication, thus enabling plastics manufacturers to achieve higher output rates and increased efficiency without affecting the quality of the final product.
Asia-Pacific is the largest market of PVC stabilizers, registering a significant share of 57.1% of the total market in 2014. The market patterns of PVC stabilizers and its different types used in various applications in the region are continuously witnessing an upward trend. China is the leading country in Asia-Pacific and across the globe, in terms of volume and value. PVC stabilizers are basically used in pipes & fittings, window profiles, and rigid & semi-rigid films in the region.
PVC Stabilizer Market: A projected value of USD 3.8 Billion by 2020, signifying firm annualized growth of 6.9% between 2015 and 2020.
PVC stabilizers (including One pack Lead stabilizer and Ca/Zn stabilizer) are one of the most important additives used in the manufacturing of PVC (polyvinyl chloride) to avoid the decomposition of PVC during the heating process. During its manufacturing, PVC releases hydrochloride, which further decomposes it and also hampers its structure. Thus, lead, mixed metal, tin, and organic PVC stabilizers are used to stop the chain reaction of decomposition. It is also used to enhance resistance to daylight, weathering, and heat ageing of PVC. It is widely used in major applications of PVC such as pipe & fittings, rigid & semi-rigid films, window profiles, wires & cables, and other applications such as medical and consumer goods.
Currently, Asia-Pacific is the largest market of PVC stabilizers, accounting for nearly 57.1% of the total market size, in terms of value, in 2014. Among all the countries, China dominates the PVC stabilizers market, which registered the maximum share in 2014, followed by the U.S., Japan, and Germany. Lead stabilizers accounted for the largest market share among other types of PVC stabilizers such as mixed metal, tin, and organic stabilizers in 2014. The European market is comparatively mature, and is projected to witness the lowest CAGR of 2.2% in terms of volume between 2015 and 2020.
On the basis of applications, the PVC stabilizer market is further categorized into pipes & fittings, window profiles, rigid & semi-rigid films, wires & cables, coatings & flooring, and others. Pipes & fittings segment was the key application, followed by window profiles and rigid & semi-rigid films in 2014. The coatings & flooring application segment witnessed the highest CAGR of 7.3% between 2015 and 2020. Presently, the PVC stabilizer market is driven mostly due to increasing reliance on LPG imports in many countries. The global PVC stabilizers market is likely to offer high growth potential in the next five years. Presently, the demand for PVC stabilizers is driven due to dynamic growth in the building and construction industry in Asia-Pacific, wide application of PVC, and replacement of conventional materials by PVC in various applications
The global PVC stabilizer market is observing a huge number of opportunities from which future growth is expected. Organic stabilizers segment is the upcoming market which is expected to replace lead stabilizers in Europe and North America.