Expansions and New Product Launches are Key Growth Strategies Adopted by Leading Players in The Global PVC Additives Market
The global PVC additives market was valued at USD 2.88 Billion in 2015 and is projected to reach USD 4.08 Billion by 2021, at a CAGR of 6.0% from 2016 to 2021. Expansions, new product launches, agreements, mergers & acquisitions, and joint ventures are the key growth strategies adopted by major players to strengthen their position in the global PVC additives market. The maximum number of strategic developments undertaken between 2014 and 2016 took place in Asia-Pacific, followed by Europe, and North America.
Key players operating in the global PVC additives market include Kaneka Corporation (Japan), Arkema S.A. (France), BASF SE (Germany), Songwon Industrial Co., Ltd. (South Korea), Akzo Nobel N.V. (Netherlands), Adeka Corporation (Japan), and Clariant AG (Switzerland).
Kaneka Corporation (Japan) is a key player in the global PVC additives market. The company has been focusing on agreements and mergers & acquisitions as part of its strategic development activities. In June 2015, the company signed an agreement with Blagden Specialty Chemicals Ltd. (U.K.). This agreement helped the company distribute a range of processing aids in the U.K. and Ireland. Kane Ace processing aids developed by the company help in the processing of PVC and a wide range of engineering plastics.
Arkema S.A. (France) is a leading manufacturer of PVC additives. The company has been focusing on new product launches to strengthen its presence in the global PVC additives market. For instance, in March 2014, the company introduced new grades of processing aids. These grades help in enhancing the mechanical properties of PVC during extrusion. This development strategy helped the company offer extruded PVC that is increasingly utilized in varied applications, such as pipes, sheets, and outdoor display panels.
This report provides a detailed analysis of the global PVC additives market and segments the market based on type, fabrication process, application, and region. Based on type, the global PVC additives market has been segmented into stabilizers, impact modifiers, processing aids, lubricants, plasticizers, and others. Based on fabrication process, the market has been segmented into extrusion, injection molding, and others. Based on application, the market has been segmented into pipes & fittings, profiles & tubing, rigid sheet & panel, wires & cables, bottles, and others. Based on region, the market has been segmented into Asia-Pacific, Europe, North America, South America, and the Middle East & Africa.
Related Reports:
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
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