by Thermoset polyvinyl chloride (PVC) is a versatile material that is widely used in varied applications ranging from construction to automobile components owing to its durability, flexibility and corrosion resistance properties. Some key uses of thermoset PVC include pipe fittings, window frames, flooring, cables, roofing sheets, profiles and tubes. Stabilizers are critical additives that are mixed with PVC resin during processing to enhance its thermal stability and performance during use. The global thermoset PVC stabilizers market has been gaining traction due to rising expenditure on infrastructure development and construction activities worldwide.
The global Thermoset PVC Stabilizers Market is estimated to be valued at US$ 1468.95 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends witnessed in the global thermoset PVC stabilizers market is the rising preference towards lead-free products. Strict environmental regulations especially in North America and Europe have imposed restrictions on the usage of lead compounds as heat stabilizers. This has boosted research and development of alternative eco-friendly stabilizer technologies based on calcium, zinc or barium that provide comparable performance. Another notable trend is the growing consumption of liquid stabilizers over powdered variants owing to advantages such as ease of addition during production and uniform mixing. Manufacturers are further focusing on developing multipurpose stabilizer blends that can enhance multiple properties such as thermal stability, weather resistance and durability for thermoset PVC.
Porter’s Analysis:
Threat of new entrants: The threat of new entrants in the Global PVC Stabilizers Market Size is moderate. Limited raw material availability and high R&D costs involved in developing new stabilizer formulations act as a barrier for new companies.
Bargaining power of buyers: The bargaining power of buyers in the PVC stabilizers market is high. Buyers can negotiate better prices due to the availability of various stabilizer options in the market.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as key raw material suppliers have established long term relationships with stabilizers manufacturers.
Threat of new substitutes: The threat of substitutes is low as there are limited alternatives available for PVC stabilizers which help provide heat and light stability to PVC polymers.
Competitive rivalry: The competitive rivalry in the market is high attributed to presence of many international players offering similar product profiles.
Key Takeaways:
The global PVC stabilizers market is expected to witness high growth over the forecast period 2023 to 2030.
Regional analysis: Asia Pacific dominates the global PVC stabilizers market and is expected to continue its leadership through 2030, growing at over 8% CAGR. This can be attributed to growing PVC demand in the construction industries of China, India and other Southeast Asian countries. North America and Europe are also considerable markets driven by rising investments in infrastructure development projects.
Key players: Key players operating in the PVC stabilizers market are Nexans, Prysmian Group, NKT, LS Cable & System, ZTT, TF Kable, Fujikura, JDR Cable Systems, Apar Industries, Tratos, Hengtong Group, Sumitomo Electric Industries, KEI Industries, Taihan Electric Wire, Universal Cables Ltd, Sterlite Technologies, RPG Cables, Hitachi Metals, Zhongtian Technology Submarine Cable, Orient Cable. These leading players are focusing on new product developments and capacity expansions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
