The “GCC PVC Additives Market 2024-2030: Share, Trends, Value, Analysis, Outlook, Forecast, Growth, Industry, Companies, Size & Revenue” report is now available on ResearchAndMarkets.com. The GCC PVC additives market is projected to grow at a CAGR of 7.1% from 2024 to 2030.
Significant growth in the GCC PVC additives market is driven by several key factors, including rapid urbanization and extensive infrastructure development. The booming hospitality sector and increased demand for products like pipes, fittings, wire cables, profiles, and tubing have also contributed to the market’s expansion. Essential PVC additives such as plasticizers, stabilizers, and flame retardants are in high demand.
The growth of the automobile industry in GCC countries, exemplified by the PIF-Hyundai joint venture, is expected to increase the need for PVC additives for vehicle components. Additionally, expansions like Samvardhana Motherson’s operations in the UAE further indicate rising demand for automotive components, reinforcing the PVC additives market.
However, the market faces challenges, such as the adoption of sustainable alternatives like bio-based plastics and HDPE, and fluctuating raw material prices. Despite these challenges, the region’s demand for packaging solutions in sectors like food, beverages, pharmaceuticals, and cosmetics is rising, driven by convenience and technological advancements.
Market Segmentation
By Type
- Plasticizers: Highest revenue share in 2023, providing flexibility, elasticity, and durability to PVC products.
By Fabrication Process
- Extrusion: High efficiency and cost-effectiveness, allowing continuous production with minimal waste, leading to a high revenue share in 2023.
By Application
- Pipes and Fittings: Essential for water supply, sewage, drainage, irrigation, and plumbing systems, ensuring consistent demand.
By End Use
- Construction: Leading the market share due to rising investments in residential, commercial, and industrial projects.
By Country
- Saudi Arabia: Robust petrochemical infrastructure gives it a competitive edge in PVC additives manufacturing.
Key Highlights of the Report
- Overview, outlook, and forecast of the GCC PVC Additives Market.
- Historical data and forecast for revenues and volume (2020-2030).
- Analysis by type, fabrication process, application, end use, and country.
- Porter’s Five Forces analysis, market drivers, restraints, trends, and opportunities.
- Competitive benchmarking and key manufacturer profiles.
Leading Companies
- Patcham FZC
- Lanxess
- Fortune Emirates General Trading L.L.C
- Radhey Polymers L.L.C
- Arkema
- BASF SE
- Songwon Industrial Co.
- Wuxi Jubang Auxiliary Co., Ltd
- Adeka Al Otaiba Middle East LLC
- Cargill Incorporated
- Power Additives
- LyondellBasell Industries Holdings B.V.
- Kaneka Corporation
- LG Chem
- Dow Chemical Company
Market Scope and Segmentation
By Type
- Plasticizers
- Flame Retardants
- Stabilizers
- Impact Modifiers
- Processing Aids
- Others
By Fabrication Process
- Extrusion
- Injection Moulding
- Others
By Application
- Pipes & Fittings
- Profiles & Tubing
- Rigid Sheet & Panels
- Bottles
- Wire Cables
- Others
By End User
- Packaging
- Construction
- Automotive
- Consumer Goods
- Others
By Country
- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- UAE
For more information about this report, visit ResearchAndMarkets.com.
