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PVC Stabilizers Market is EstimatePVC Stabilizers Market is Estimated To Witness High Growth Owing To Increased Demand from Construction Industry d To Witness High Growth Owing To Increased Demand from Construction Industry

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Poonam
PVC Stabilizers Market is EstimatePVC Stabilizers Market is Estimated To Witness High Growth Owing To Increased Demand from Construction Industry d To Witness High Growth Owing To Increased Demand from Construction Industry

The PVC Stabilizers Market is estimated to be valued at US$ 1468.95 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

PVC stabilizers are chemical additives added to PVC to protect it from degradation caused by heat and ultraviolet exposure. They help reduce the degradation of PVC polymer and extend its life. The major applications of PVC stabilizers are pipes & fittings, wires & cables, films & sheets, flooring & wall coverings, and coatings & adhesives.

Market key trends:

One of the major market trends is the increased demand for PVC stabilizers from the construction industry. PVC is widely used in pipes, windows, pipes, flooring, and other construction materials due to its durability and versatility. With rapid urbanization and infrastructure development activities worldwide, the demand for PVC from the construction sector has risen substantially over the past few years. According to the International Construction Market Survey, the global construction industry is expected to grow at an annual rate of 3.9% between 2019 and 2023 to reach $15.5 trillion. The rising construction activities are expected to boost the consumption of PVC stabilizers during the forecast period.

Porter’s Analysis:

Threat of new entrants: The threat of new entrants is moderate as the PVC stabilizers market is highly capital intensive and requires high R&D investments for product development. However, opportunities exist for foreign players to enter the market by collaborating with local players.

Bargaining power of buyers: The bargaining power of buyers is high due to the presence of many established players. Buyers can negotiate for better prices and demand customization of products.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw materials required for PVC stabilizers are commoditized in nature. However, product differentiation by suppliers increases their power.

Threat of new substitutes: The threat of new substitutes is low as PVC stabilizers do not have close substitutes and are essential in PVC production.

Competitive rivalry: Intense due to the presence of well-established global and regional players.

SWOT Analysis:

Strengths: Wide application base of PVC stabilizers and growing demand for PVC in various end-use industries. Established distribution network of major players.

Weaknesses: Strong regulations around used of lead/heavy metals-based stabilizers. Supply-demand fluctuations affect profit margins.

Opportunities: Rising construction spending in developing nations. Increased usage of flexible PVC in pipes, cables, and wires offers opportunities.

Threats: Strict environmental regulations around PVC production. Vulnerable to fluctuations in raw material prices.

Key Takeaways:

The global PVC Stabilizers Market Growth is expected to witness high growth, exhibiting CAGR of 5.0% over the forecast period, due to increasing demand for PVC in pipe & fittings, wires & cables, films & sheets, bottles, and profiles & furniture.

Regional analysis: Asia Pacific dominates the global market and is estimated to grow at the fastest rate during the forecast period. Countries such as China, India, Japan, and South Korea are major contributors to the market. This is attributed to increasing construction activities and industrial growth in the region.

Europe and North America also hold significant shares in the global market. However, their growth is projected to be moderate than Asia Pacific due to mature markets.

Key players operating in the 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.

Read More,

https://www.newsstatix.com/pvc-stabilizers-market-trends-size-and-share-analysis/


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