Global PVC Stabilizers Market to Grow at 5% CAGR by 2024
According
to a report released by TechSci Research, “Global
PVC Stabilizers Market By Product Type, By Application, By Region, By
Company, Competition, Forecast & Opportunities, 2024”, global PVC stabilizers market is projected to grow
at a CAGR of 5% during the forecast period of 2019-2024. Polyvinyl chloride (PVC) is one of the
most important commercial plastic materials; however, it is thermally unstable
at processing temperature, thus, the processing of PVC at elevated temperatures
requires the use of stabilizers. There are various stabilizers used to
stabilize the PVC material, which incorporate toxic heavy metals and organotin
compounds that have been severely scrutinized for their detrimental
environmental effects.
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Replacement of conventional materials by PVC
in numerous applications and dynamic growth of construction industry are some
of the key factors driving the global market of PVC stabilizers.
Asia-Pacific dominated global PVC stabilizers market in 2018 and is expected to
maintain its market dominance in the coming years as well. Among all the
countries, globally, China leads the PVC stabilizers market, closely followed
by the US. Growth of the Indian PVC market is expected to be fueled by increasing
number of residential construction projects and growing demand for PVC pipes
& fittings in the agriculture sector.
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“PVC stabilizers
are gaining popularity across the globe, owing to increasing use of PVC in numerous
applications such as rigid & semi-rigid films, window profiles, pipes &
fittings, and coatings & flooring. Asia-Pacific is expected to emerge as
the largest market for PVC stabilizers, globally, with China being the largest
demand generating country for PVC stabilizers in the Asian market, owing to
robustly growing electrical & electronics market of the country. India is
another major market in Asia-Pacific PVC stabilizers market, on the back of
growing construction and agricultural sectors in the country. Thus, over the
coming years, Asia-Pacific is anticipated to offer lucrative growth
opportunities to players operating in global VC stabilizers market.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global PVC
Stabilizers Market By Product Type, By Application, By Region, By Company,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global PVC stabilizers market
and provides statistics and information on market structure, size, share and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers to take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in global PVC stabilizers
market.
About TechSci Research
TechSci Research is a leading global market research firm publishing
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premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research-based
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technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
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