They are commonly utilized in the manufacturing of PVC pipes, which find widespread applications in the construction industry for water supply networks and sewage systems. Rising investments in infrastructure development globally has fueled the demand for PVC pipes for construction of pipelines, thereby driving the consumption of PVC stabilizers. The global 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:
The increasing demand for PVC stabilizers from the PVC pipe manufacturing industry is one of the key trends that is expected to drive the growth of the global PVC stabilizers market over the forecast period. PVC pipes find extensive usage in construction projects for laying of pipelines for water supply, sewage, and irrigation systems. According to estimates, over 70% of PVC produced globally is utilized for manufacturing PVC pipes. Thus, the rising investments in construction of infrastructural projects is augmenting the demand for PVC pipes, which in turn is fostering the consumption of PVC stabilizers. The growth in the PVC pipes market will subsequently accelerate the growth of the global PVC stabilizers market between 2023 and 2030.
Segment Analysis
The global PVC stabilizers market is dominated by the lead-based stabilizers segment. The segment currently accounts for over 50% of the market share owing to its effectiveness and low price point. However, the lead-based stabilizers segment is expected to lose Global PVC Stabilizers Market Size share to calcium-based and basell-based stabilizers over the forecast period due to environmental regulations restricting the use of lead. The calcium-based stabilizer segment is expected to grow at the fastest pace during 2023-2030 driven by its versatility, cost-effectiveness, and eco-friendly nature.
Key Takeaways
The Asia Pacific region currently accounts for over 40% of the global PVC stabilizers market share led by countries such as China, India, Japan, and South Korea. The region is expected to continue dominating the global market owing to the abundant availability of raw materials and a large base of PVC production in the region.
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. Nexans and Prysmian Group are currently the two largest players in the global market with a combined market share of over 25%.
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