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”, the 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.
The Important Elements of the PVC Stabilizers Market
There are various stabilizers used to stabilize the PVC material, which incorporates toxic heavy metals and organotin compounds that have been severely scrutinized for their detrimental environmental effects.
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The replacement of conventional materials with PVC in numerous applications and the dynamic growth of the construction industry are some of the key factors driving the global market of PVC stabilizers. Asia-Pacific dominated the 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 an 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 the robustly growing electrical & electronics market of the country.
India is another major market in the 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 the 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 the 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 make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the global PVC stabilizers market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high-growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 full-time 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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