North America PVC Additives Market

North America PVC Additives Market Size (2024 to 2029)

As per our analysis report, the North America PVC Additives Market is expected to reach USD 1.31 billion by 2029 from USD 1.0 billion in 2024, growing at a compound annual growth rate (CAGR) of 5.5 % during the forecast period.

MARKET OVERVIEW

PVC or Polyvinyl Chloride is a very commonly used thermoplastic whose usage has become ubiquitous thanks to its non-reactivity, chemical stability, lightweight, and longevity. It finds application in a plethora of fields, some of which include agriculture, construction, the automotive sector, gas transportation, consumer-grade plastics, water containers, and electronic equipment. The addition of certain compounds to the raw material during the production of PVC gives it new properties that may be required for application in a particular field. For example, the addition of Impact Modifiers like Acrylics and MBS (Methyl Butadiene Styrene) increases the Impact Resistance of PVC without impairing its other properties, thus making it ideal for usage in Automotive and Defense applications. 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

The growth of the market is primarily driven by the advantages PVC has over other conventional materials, it is light, customizable, inexpensive, strong, chemically stable, and non-reactive at room temperature.

It does not degrade and has an extremely long life. Because it is a polymer it is easily manufactured with minimal capital. And PVC cannot be made without the necessary additives. The additives for PVC are in huge demand as the end product is in huge demand. Population growth and economic development are also among the key drivers of the market. 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.

This research report on the North America PVC Additives market has been segmented and sub-segmented based on the following categories.

North America PVC Additives Market By Type

• Plasticizers
• Lubricants
• Processing Aids
• Stabilizers
• Impact Modifiers

North America PVC Additives Market By Country

• The United States
• Canada
• Rest of North America

The US PVC additives market was the largest consumer, representing 74.8% of the volume of North America in 2023.

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 the 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

Arkema S.A (France) Ltd, Songwon Industrial Co.(South Korea), Akzo Nobel N.V. (Netherlands), Kaneka Corporation (Japan), Adeka Corporation (Japan), Clariant AG (Switzerland), BASF SE (Germany), Shandong Ruifeng (china), Pau Tai Industrial Corporation (Thailand), Dupont (USA), Chemson (USA), Dow (USA), 3M (USA), Algol Chemicals (India), Arkema S.A (France) are some of the notable companies in the North America PVC Additives market.