North America PVC Additives Market Size and Competitive Analysis Report 2023

Market overview:

North America PVC additives market was at USD 0.9 billion in 2018. It is growing at an average annual rate of 5.5% to reach USD 1.18 billion in 2023.

Polyvinyl chloride (PVC) is probably one of the most attractive, versatile and ancient thermoplastic polymers. PVC products accompany us throughout life, from toys to drinking water pipes. One of the most outstanding features of PVC is its immense life with almost unchanged functionality.

Market Drivers and Restraints:

Rigid and flexible films are widely used in numerous packaging applications, such as food packaging, pharmaceutical packaging and consumer product packaging. The industry is characterized by a growing number of regulatory and legislative interventions in the United States and Canada, especially for food packaging applications. There are relatively few regulatory guidelines in Mexico. The PVC film market currently faces few threats in the form of legislative or regulatory policies for food packaging applications. Instead of banning plastic films, municipal authorities across the area have adopted policies that are gradually eliminated by increasing the content of recycled plastic in the general consumption pattern. But challenges such as the buyer’s greater bargaining power and the emphasis on low-cost and high-quality products are forcing significant changes in the supply chain of PVC additives.

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Report segmented as:

By type, the North America market for PVC additives has been classified as stabilizers, impact modifiers, technological auxiliaries, lubricants, plasticizers, etc. The stabilizer segment is expected to grow at the highest CAGR between 2018 and 2023. Stabilizers are preferred to other types of additives due to their excellent properties such as UV resistance, weather resistance and heat aging. The extrusion segment of the PVC additives is expected to grow at the highest CAGR during the forecast period based on the manufacturing process. Depending on the application, the pipe and fittings sector is expected to grow at the highest CAGR between 2018 and 2023.

Geographical Segmentation:

The US PVC additives market was the largest consumer, representing 74.8% of the volume of North America in 2017. PVC is being investigated by the EPA, the FDA and the legislative bodies due to the presence of phthalates and disposable problems. These factors are expected to negatively affect US industry during the forecast period. The industrial dynamics of Canada is similar to that of the United States. The market is characterized by increased regulatory pressure on end-users to reduce their dependence on plastic films for packaging applications. Mexico, on the other hand, has a favorable regulatory environment.

Key market players:

The North America PVC additive market includes leading players like Arkema SA, Kaneka Corporation, BASF SE, Clariant AG, Adeka Corporation, Pau Tai Industrial Corporation, Akzo Nobel NV, Songwon Industrial Co., Ltd., Shandong Ruifeng Chemical Co., Ltd. and Baerlocher GmbH.

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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