PVC Modifier Market Share by Application 2021 - Million Insights
Global PVC modifier market is
expected to rise at a higher CAGR during the forecast period due to the
increasing needs for PVC additives. In general, modified PVC or PVC modifier is
an optimized blend of ductility & strength. Characteristically, an important
aspect of modified PVC is to gain an amalgamation of high strength and
toughness. The strength is measured by pressure testing and the toughness is
evaluated by various methods.
The pipe samples are pressure
tested with sharp, longitudinal slashes present on the outer surface. Tough
piper may not sustain strength since the wall of thickness is removed. Modified
PVC pipes are produced with a thinner wall than conventional PVC due to their
enhanced predictability & toughness. Commercially, the PVC modified market
gains a positive traction because of their durable characteristics. Thus, the
PVC modifier market is anticipated to grow at a higher CAGR during the forecast
period.
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The key driving factors in the
PVC modifier market includes alternative for conventional materials with PVC
and the rising demand for additive-based PVC additives market. However, factors
such as low R&D expenditure in emerging market that impact the quality of
PVC additives is likely to impede the market growth during the forecast period.
PVC modifier market is
segmented into stabilizers, impact modifiers, processing aids, plasticizers and
lubricants, based on type. Stabilizers segment is anticipated to rise at a
higher CAGR during the forecast period due to the rise in use of stabilizers,
pipes & fittings, rigid & semi-rigid films, wires & cables, window
profiles, medical & consumer goods.
PVC modifier market is
segmented into extrusion and injection molding, based on fabrication process.
Extrusion segment is anticipated to rise at a higher CAGR during the forecast
period due to the rise in manufacturing of massive volumes of extruded PVC at a
reasonable cost.
PVC modifier market is
segmented into pipes & fittings, profiles & tubing, rigid sheet panel,
wires & cables and bottles, based on application. Pipes & fittings
segment is anticipated to grow at a higher CAGR during the forecast period
owing to rising demand for auxiliary concrete, iron and steel-based pipes&
fittings with PVC pipes in the building & construction industry.
PVC modifier market spans North
America, Latin America, Asia-Pacific, and Middle-East & Africa. APAC
regions are largest market for PVC additives owing to tremendous
industrialization and enhanced living standards are anticipated to drive the
market demand for PVC additives. Also, rising applicability of PVC additives in
building & construction industry is further anticipated to propel the APAC
PVC additives market.
The key players in the PVC
modifier market include Kaneka Corporation, Arkema S.V, BASF SE, Songwon
Industrial Co Ltd, Akzo Nobel N.V. Adeka Corporation, Clariant AG, Pau Tai
Industrial Corporation, Baerlocher GmbH, Shandong Ruifeng Chemical Co Ltd.
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