PVC is largely used in construction applications such as pipes, floors, window frames, fittings, cables & electrical cable, profiles and etc.
"The stabilizers segment is the largest type segment of the global PVC additives market"
Based on type, the stabilizers segment accounted for the largest share of the global PVC additives market in 2015. This large share is mainly attributed to the increasing use of stabilizers in manufacturing various products, such as pipes & fittings, rigid & semi-rigid films, window profiles, wires & cables, and consumer goods.
"The extrusion segment is the largest fabrication process segment of the global PVC additives market"
Based on fabrication process, the extrusion segment is projected to grow at the highest CAGR during the forecast period. The demand for PVC additives in this segment is mainly driven by the rising demand for high-quality surface plastics. The increasing demand for extruded PVC in pipes, filaments, sheets, tubing, and films is further driving the growth of the extrusion segment.
"The pipes & fittings segment is the largest and the fastest-growing application segment of the global PVC additives market"
Based on application, the pipes & fittings segment is projected to grow at the highest CAGR between 2016 and 2021. The need for pipes & fittings in the building & construction industry drives the demand for PVC additives in China, India, and Brazil.
"Asia-Pacific to be the largest PVC additives market"
The Asia-Pacific region is anticipated to lead the global PVC additives market between 2016 and 2021. Countries in the Asia-Pacific region such as China, India, Taiwan, Indonesia, and South Korea are key consumers of PVC additives. In addition, the increasing demand for PVC additives in the building & construction, consumer goods, automotive, and medical industries is further anticipated to drive the growth of the PVC additives market in the Asia-Pacific region.