In a recent published report, Kenneth Research has updated the market report for PVC Stabilizer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for PVC Stabilizer Market products.
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The global PVC Stabilizer market was valued at 1,188.4 Kilo Tons in 2016 and is projected to reach 1,766.1 Kilo Tons by 2025, growing at a CAGR of 4.5% from 2017 to 2025.
Stabilizers are added to PVC to improve their functional properties and prevent decomposition.Stabilizers are added to PVC to allow its processing and to improve its resistance especially in outdoor applications, weathering and heat ageing and have an important influence on the physical properties of PVC finished articles. The growing application of plastics in the building and construction industry is expected to have a positive impact on market demand.
1. Market Drivers
1.1 Rising consumption in the building and construction sector
1.2 Replacement of conventional materials by PVC
2. Market Restraints
2.1 Price fluctuation of raw materials
2.2 Prohibited use of PVC in green buildings
The global PVC Stabilizers market is segmented on the product, applicationand region.
1. By Product:
1.1 Mixed Metal Stabilizers
1.2 Tin Stabilizer
1.3 Lead Stabilizers
1.4 Organic Stabilizers
2. By Application:
2.1 Window Profiles
2.2 Fittings and Pipes
2.3 Cables and Wires
2.4 Sem-Rigid and Rigid Films
2.5 Flooring and Coating
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Arkema SA
3. Baerlocher GmbH
4. Songwon Industrial Company GmbH
5. Pau Tai Industrial Corporation
6. Clariant AG
7. Akzonobel NV
8. Addivant USA LLC
9. Akcros Chemicals Ltd.
10. Patcham FZC
11. SUN ACE
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the PVC Stabilizersmarket was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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