Global PVC Stabilizers Market Drivers:
Economic benefits offered by PVC pipes, fittings, and tubes to augment market growth
PVC stabilizers are formulated to protect polymerized plastics like PVC from the degradation that occurs when they are exposed to heat or ultraviolet light. This degradation causes the release of hydrogen chloride, which discolors the material and corrodes processing equipment. The main function of a PVC stabilizer is used to replace the labile chlorine atoms in PVC chains that cause instability. Some stabilizers also have an antioxidant function and can reduce the release of free radicals in the polymerized plastic.
Growing popularity organotin based thermal stabilizers to foster market growth
Organotin based thermal stabilizers are known to exhibit high efficiency and offer excellent color retention in plasticized and rigid PVC applications. These stabilizers are compatible and friendly with the other additives that are used in PVC, minimizing processing challenges.
Global PVC Stabilizers Market Opportunities:
Growing popularity of mixed metal based stabilizers is expected to offer significant growth opportunities. These stabilizers typically contain C8 to C18 carboxylic acids, such as stearic acid or calcium stearate, in combination with metallic salts (barium, cadmium, zinc, or lead) and soaps. The presence of other components such as organophosphates, phosphite chelators and epoxy co-stabilizers further improve their performance. Barium-zinc stearate is a common stabilizer used to stabilize the heat resistance of medical grade PVC. This stabilizer is very effective and has a number of advantages, including its low toxicity.
Growing awareness regarding the advantages of PVC stabilizers is expected to serve major growth opportunities. They prevent the decomposition of polymers during processing and help increase their resistance to daylight, heat aging and weathering. Stabilizers are available in a variety of different formulations and have an important influence on the physical properties, costs, and regulatory approval requirements of a PVC product.
Global PVC Stabilizers Market Restraints:
Strict environmental regulations to hamper market growth
PVC stabilizers have very negative impact on the environment. A PVC stabilizer is an additive that prevents the polymer from undergoing decomposition during the heating process and can be formulated from a number of different types of substances. These substances can include heavy metal salts that are not considered to be safe for the environment or for human health. The European Stabilizer Producers Association (ESPA) has called for a strong focus on PVC stabilizer development that is not based on traditional heavy metals such as lead and tin. This is part of an overall European commitment to reducing the use of chemicals that can be restricted by REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) regulation.
Impact of Covid-19 on the global economy to hinder market growth
The recent outbreak of coronavirus put a significant strain on the market and is projected to negatively impact the market during the forecast period. However, considering the reopening of various industries worldwide, it is projected that the market for PVC stabilizers will return to normal conditions over the forecast period.
PVC Stabilizers Market Report Snapshots
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