PVC Additives Market by Type (Stabilizers, Impact Modifiers, Processing Aids, Lubricants, Plasticizers), Fabrication Process (Extrusion, Injection Molding), Application (Pipes & Fittings, Profiles & Tubing, Rigid Sheet & Panel) – Global Forecast to 2021″, is projected to reach USD 4.08 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021.
The growth of the global PVC additives market is mainly driven by the increasing demand for PVC in varied applications and the replacement of conventional iron, concrete, and steel goods with lightweight plastics such as PVC in most of the industrial sectors, such as automotive, consumer goods, and building & construction.
Stabilizers segment is projected to grow at the highest CAGR
Based on type, the global PVC additives market has been segmented into stabilizers, impact modifiers, processing aids, lubricants, plasticizers, and others. The stabilizers segment is expected to grow at the highest CAGR from 2016 to 2021. This growth is mainly attributed to the increasing demand for stabilizers in varied applications such as pipes & fittings, rigid & semi-rigid films, window profiles, wires & cables, and consumer goods, among others. Stabilizers are increasingly preferred over other additive types, owing to their superior properties, such as resistance to UV, weathering, and heat aging.
