COVID-19 Impact Analysis on Polyvinyl Chloride (PVC) Market
ID: MRFR/CnM/0537-HCR | February, 2021 | Region : Global
Impact of COVID-19 on the Polyvinyl Chloride (PVC) Market
Polyvinyl chloride (PVC) is the world’s third largely produced synthetic plastic polymer after polyethylene and polypropylene. Over 65 million tons of polyvinyl chloride was produced in 2018 and 2019 which has increased by over 18% in past 5 years. The increase in PVC production is accompanied by its increasing demand in water service pipe, drainage pipe, blood storage bags, window frames, medical devices, cable and wire insulation, roofing membranes, resilient flooring, automotive interiors, seat coverings, fashion & footwear, stationary, packaging, credit cards, cling film, synthetic leather, vinyl records, coated fabrics, and others. Some of the major producers are Shin-Etsu Chemicals, Formosa Plastics, Inovyn, ChemChina, Mexichem, Westlake, Hubei Yihua Chemical, and others.
However, the increasing pandemic situation due to COVID–19, has hampered the polymer market which is expected to show a decrease in price owing to balanced-to-long supply in the market. Companies such as Kemone and Inovyn has witnessed disruption in its supply chain across Europe over to lockdowns across the region. Hubei Yihua Chemical in China had shut down their 240,000 MT/year PVC unit. However, during March and April companies such as Formosa Plastics which has put an 850 Kilotons per annum plant for PVC in Texas and Shintech is building its inventory. While the PVC demand is negatively impacted in the industries such as construction and automotive. The usage of PVC in medical tubing is however expected to gain a sharp CAGR of over 11%. The demand for drug delivery system is increasing owing to rising incidence of COVID-19 cases, globally. The market is also influenced by growth of COVID-19 infection in people which have a pre-existing medical condition of asthma or diabetics. Thus, these factors are fueling the sales of medical tubing for drug delivery application which in turn is expected to boost the market in coming years. However, the ban on logistics by governments is a major set back for the market.
It is expected that with the ease in lockdown and logistics, the demand for PVC will be back to its pre-COVID-19 period. Additionally, the usage of polyvinyl chloride (PVC) in medical devices and instruments during COVIV-19 period is expected to boost the market of PVC in term of demand and consumption form the healthcare industry.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
2.4 Key Takeaways
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics of the Global Polyvinyl Chloride Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis of the Global Polyvinyl Chloride Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
5.3 Pricing Analysis
6. Global Polyvinyl Chloride Market, by Type
6.1 Introduction
6.2 Flexible
6.2.1 Market Estimates & Forecast, 2019–2025
6.2.2 Market Estimates & Forecast, by Region, 2019−2025
6.3 Rigid
6.3.1 Market Estimates & Forecast, 2019−2025
6.3.2 Market Estimates & Forecast, by Region, 2019−2025
7. Global Polyvinyl Chloride Market, by Application
7.1 Introduction
7.2 Films & Sheets
7.2.1 Market Estimates & Forecast, 2019−2025
7.2.2 Market Estimates & Forecast, by Region, 2019−2025
7.3 Cables
7.1 Market Estimates & Forecast, 2019−2025
7.3.2 Market Estimates & Forecast, by Region, 2019−2025
7.4 Bottles
7.4.1 Market Estimates & Forecast, 2019−2025
7.4.2 Market Estimates & Forecast, by Region, 2019−2025
7.5 Pipes & Fittings
7.5.1 Market Estimates & Forecast, 2019−2025
7.5.2 Market Estimates & Forecast, by Region, 2019−2025
7.6 Others
7.6.1 Market Estimates & Forecast, 2019−2025
7.6.2 Market Estimates & Forecast, by Region, 2019−2025
8 Global Polyvinyl Chloride Market, by End Use
8.1 Introduction
8.2 Packaging
8.2.1 Market Estimates & Forecast, 2019−2025
8.2.2 Market Estimates & Forecast, by Region, 2019−2025
8.3 Automotive
8.3.1 Market Estimates & Forecast, 2019−2025
8.3.2 Market Estimates & Forecast, by Region, 2019−2025
8.4 Construction
8.4.1 Market Estimates & Forecast, 2019−2025
8.4.2 Market Estimates & Forecast, by Region, 2019−2025
8.5 Consumer Goods
8.5.1 Market Estimates & Forecast, 2019−2025
8.5.2 Market Estimates & Forecast, by Region, 2019−2025
8.6 Others
8.6.1 Market Estimates & Forecast, 2019−2025
8.6.2 Market Estimates & Forecast, by Region, 2019−2025
9. Global Polyvinyl Chloride Market, by Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2019−2025
9.2.2 Market Estimates & Forecast, by Type, 2019−2025
9.2.3 Market Estimates & Forecast, by Application, 2019−2025
9.2.4 US
9.2.4.1 Market Estimates & Forecast, 2019−2025
9.2.4.2 Market Estimates & Forecast, by Type, 2019−2025
9.2.4.3 Market Estimates & Forecast, Application, 2019−2025
9.2.5 Canada
9.2.5.1 Market Estimates & Forecast, 2019−2025
9.2.5.2 Market Estimates & Forecast, by Type, 2019−2025
9.2.5.3 Market Estimates & Forecast, by Application, 2019−2025
9.3 Europe
9.1 Market Estimates & Forecast, 2019−2025
9.3.2 Market Estimates & Forecast, by Type, 2019−2025
9.3.3 Market Estimates & Forecast, by Application, 2019−2025
9.3.4 Germany
9.3.4.1 Market Estimates & Forecast, 2019−2025
9.3.4.2 Market Estimates & Forecast, by Type, 2019−2025
9.3.4.3 Market Estimates & Forecast, by Application, 2019−2025
9.3.5 France
9.3.5.1 Market Estimates & Forecast, 2019−2025
9.3.5.2 Market Estimates & Forecast, by Type, 2019−2025
9.3.5.3 Market Estimates & Forecast, by Application, 2019−2025
9.3.6 Italy
9.3.6.1 Market Estimates & Forecast, 2019−2025
9.3.6.2 Market Estimates & Forecast, by Type, 2019−2025
9.3.6.3 Market Estimates & Forecast, by Application, 2019−2025
9.3.7 Spain
9.3.7.1 Market Estimates & Forecast, 2019−2025
9.3.7.2 Market Estimates & Forecast, by Type,2019−2025
9.3.7.3 Market Estimates & Forecast, by Application, 2019−2025
9.3.9 UK
9.3.9.1 Market Estimates & Forecast, 2019−2025
9.3.9.2 Market Estimates & Forecast, by Type,2019−2025
9.3.9.3 Market Estimates & Forecast, by Application, 2019−2025
9.3.9 Russia
9.3.9.1 Market Estimates & Forecast, 2019−2025
9.3.9.2 Market Estimates & Forecast, by Type,2019−2025
9.3.9.3 Market Estimates & Forecast, by Application, 2019−2025
9.10 Poland
9.10.1 Market Estimates & Forecast, 2019−2025
9.10.2 Market Estimates & Forecast, by Type, 2019−2025
9.10.3 Market Estimates & Forecast, by Application, 2019−2025
9.11 Rest of Europe
9.11.1 Market Estimates & Forecast, 2019−2025
9.11.2 Market Estimates & Forecast, by Type, 2019−2025
9.11.3 Market Estimates & Forecast, by Application, 2019−2025
9.4 Asia-Pacific
9.4.1 Market Estimates & Forecast, 2019−2025
9.4.2 Market Estimates & Forecast, by Type, 2019−2025
9.4.3 Market Estimates & Forecast, by Application, 2019−2025
9.4.4 China
9.4.4.1 Market Estimates & Forecast, 2019−2025
9.4.4.2 Market Estimates & Forecast, by Type, 2019−2025
9.4.4.3 Market Estimates & Forecast, by Application, 2019−2025
9.4.5 India
9.4.5.1 Market Estimates & Forecast, 2019−2025
9.4.5.2 Market Estimates & Forecast, by Type, 2019−2025
9.4.5.3 Market Estimates & Forecast, by Application, 2019−2025
9.4.6 Japan
9.4.6.1 Market Estimates & Forecast, 2019−2025
9.4.6.2 Market Estimates & Forecast, by Type, 2019−2025
9.4.6.3 Market Estimates & Forecast, by Application, 2019−2025
9.4.7 Australia & New Zealand
9.4.7.1 Market Estimates & Forecast, 2019−2025
9.4.7.2 Market Estimates & Forecast, by Type, 2019−2025
9.4.7.3 Market Estimates & Forecast, by Application, 2019−2025
9.4.9 Rest of Asia-Pacific
9.4.9.1 Market Estimates & Forecast, 2019−2025
9.4.9.2 Market Estimates & Forecast, by Type, 2019−2025
9.4.9.3 Market Estimates & Forecast, by Application, 2019−2025
9.5 Middle East & Africa
9.5.1 Market Estimates & Forecast, 2019−2025
9.5.2 Market Estimates & Forecast, by Type, 2019−2025
9.5.3 Market Estimates & Forecast, by Application, 2019−2025
9.5.4 GCC
9.5.4.1 Market Estimates & Forecast, 2019−2025
9.5.4.2 Market Estimates & Forecast, by Type, 2019−2025
9.5.4.3 Market Estimates & Forecast, by Application, 2019−2025
9.5.5 Israel
9.5.5.1 Market Estimates & Forecast, 2019−2025
9.5.5.2 Market Estimates & Forecast, by Type, 2019−2025
9.5.5.3 Market Estimates & Forecast, by Application, 2019−2025
9.5.6 North Africa
9.5.6.1 Market Estimates & Forecast, 2019−2025
9.5.6.2 Market Estimates & Forecast, by Type, 2019−2025
9.5.6.3 Market Estimates & Forecast, by Application, 2019−2025
9.5.7 Turkey
9.5.7.1 Market Estimates & Forecast, 2019−2025
9.5.7.2 Market Estimates & Forecast, by Type, 2019−2025
9.5.7.3 Market Estimates & Forecast, by Application, 2019−2025
9.5.9 Rest of Middle East & Africa
9.5.9.1 Market Estimates & Forecast, 2019−2025
9.5.9.2 Market Estimates & Forecast, by Type, 2019−2025
9.5.9.3 Market Estimates & Forecast, by Application, 2019−2025
9.6 Latin America
9.6.1 Market Estimates & Forecast, 2019−2025
9.6.2 Market Estimates & Forecast, by Type, 2019−2025
9.6.3 Market Estimates & Forecast, by Application, 2019−2025
9.6.4 Brazil
9.6.4.1 Market Estimates & Forecast, 2019−2025
9.6.4.2 Market Estimates & Forecast, by Type, 2019−2025
9.6.4.3 Market Estimates & Forecast, by Application, 2019−2025
9.6.5 Argentina
9.6.5.1 Market Estimates & Forecast, 2019−2025
9.6.5.2 Market Estimates & Forecast, by Type, 2019−2025
9.6.5.3 Market Estimates & Forecast, by Application, 2019−2025
9.6.6 Mexico
9.6.6.1 Market Estimates & Forecast, 2019−2025
9.6.6.2 Market Estimates & Forecast, by Type, 2019−2025
9.6.6.3 Market Estimates & Forecast, by Application, 2019−2025
9.6.7 Rest of Latin America
9.6.7.1 Market Estimates & Forecast, 2019−2025
9.6.7.2 Market Estimates & Forecast, by Type, 2019−2025
9.6.7.3 Market Estimates & Forecast, by Application, 2019−2025
10. Company Landscape
10.1 Introduction
10.2 Market Strategy
10.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
11. Company Profiles
11.1 BASF SE
11.1.1 Company Overview
11.1.2 Financial Updates
11.1.3 Product/Business Segment Overview
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Strategy
11.2 Axiall Corporation
11.2.1 Company Overview
11.2.2 Financial Updates
11.2.3 Product/Business Segment Overview
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Strategy
11.3 Formosa Plastics Group
11.1 Company Overview
11.3.2 Financial Updates
11.3.3 Product/Business Segment Overview
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Strategy
11.4 Shin-Etsu Chemical Co. Ltd
11.4.1 Company Overview
11.4.2 Financial Updates
11.4.3 Product/Business Segment Overview
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Strategy
11.5 Mexichem SAB
11.5.1 Company Overview
11.5.2 Financial Updates
11.5.3 Product/Business Segment Overview
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Strategy
11.6 LG Chem
11.6.1 Company Overview
11.6.2 Financial Updates
11.6.3 Product/Business Segment Overview
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Strategy
11.7 Westlake Chemical Corp
11.7.1 Company Overview
11.7.2 Financial Updates
11.7.3 Product/Business Segment Overview
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Strategy
11.9 Ineos Chlorvinyls Ltd
11.8.1 Company Overview
11.8.2 Financial Updates
11.8.3 Product/Business Segment Overview
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Strategy
11.9 Vinnolit GmBH & Co
11.9.1 Company Overview
11.9.2 Financial Updates
11.9.3 Product/Business Segment Overview
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Strategy
11.10 Arkema SA
11.10.1 Company Overview
11.10.2 Financial Updates
11.10.3 Product/Business Segment Overview
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.10.6 Strategy
11.11 Sinopec Group
11.11.1 Company Overview
11.11.2 Financial Updates
11.11.3 Product/Business Segment Overview
11.11.4 Key Developments
11.11.5 SWOT Analysis
11.11.6 Strategy
11.12 ChemChina
11.12.1 Company Overview
11.12.2 Financial Updates
11.12.3 Product/Business Segment Overview
11.12.4 Key Developments
11.12.5 SWOT Analysis
11.12.6 Strategy
12. Conclusion
LIST OF TABLES
Table 1 Global Polyvinyl Chloride Market: by Region, 2019−2025
Table 2 North America: Polyvinyl Chloride Market, by Country, 2019−2025
Table 3 Europe: Polyvinyl Chloride Market, by Country, 2019−2025
Table 4 Asia-Pacific: Polyvinyl Chloride Market. by Country, 2019−2025
Table 5 Middle East & Africa: Polyvinyl Chloride Market, by Country, 2019−2025
Table 6 Latin America: Polyvinyl Chloride Market, by Country, 2019−2025
Table 7 Global Polyvinyl Chloride Type Market, by Region, 2019−2025
Table 9 North America: Polyvinyl Chloride Type Market, by Country, 2019−2025
Table 9 Europe: Polyvinyl Chloride Type Market, by Country, 2019−2025
Table10 Asia-Pacific: Polyvinyl Chloride Type Market, by Country, 2019−2025
Table11 Middle East & Africa: Polyvinyl Chloride Type Market, by Country, 2019−2025
Table12 Latin America: Polyvinyl Chloride Type Market, by Country, 2019−2025
Table13 Global Polyvinyl Chloride Application Market, by Regions, 2019−2025
Table14 North America: Polyvinyl Chloride Application Market, by Country, 2019−2025
Table15 Europe: Polyvinyl Chloride Application Market, by Country, 2019−2025
Table16 Asia-Pacific: Polyvinyl Chloride Application Market, by Country, 2019−2025
Table17 Middle East & Africa: Polyvinyl Chloride Application Market, by Country, 2019−2025
Table19 Latin America: Polyvinyl Chloride by Application Market, by Country, 2016-2025
Table19 Global Type Market, by Region, 2019−2025
Table20 Global Application Market, by Region, 2019−2025
Table21 North America: Polyvinyl Chloride Market, by Country, 2019−2025
Table22 North America: Polyvinyl Chloride Market, by Type, 2019−2025
Table23 North America: Polyvinyl Chloride Market, by Application, 2019−2025
Table24 Europe: Polyvinyl Chloride Market, by Country, 2019−2025
Table25 Europe: Polyvinyl Chloride Market, by Type, 2019−2025
Table26 Europe: Polyvinyl Chloride Market, by Application, 2019−2025
Table27 Asia-Pacific: Polyvinyl Chloride Market, by Country, 2019−2025
Table29 Asia-Pacific: Polyvinyl Chloride Market, by Type, 2019−2025
Table29 Asia-Pacific: Polyvinyl Chloride Market, by Application, 2019−2025
Table30 Middle East & Africa: Polyvinyl Chloride Market, by Country, 2019−2025
Table31 Middle East & Africa: Polyvinyl Chloride Market, by Type, 2019−2025
Table32 Middle East & Africa: Polyvinyl Chloride Market, by Application, 2019−2025
Table3.3 Latin America: Polyvinyl Chloride Market, by Country, 2019−2025
Table34 Latin America: Polyvinyl Chloride Market, by Type, 2019−2025
Table35 Latin America: Polyvinyl Chloride Market, by Application, 2019−2025
LIST OF FIGURES
FIGURE 1 Global Polyvinyl Chloride Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Polyvinyl Chloride Market
FIGURE 4 Value Chain of Global Polyvinyl Chloride Market
FIGURE 5 Global Polyvinyl Chloride Market, 2019−2025, by Country, 2017
FIGURE 6 Share of Global Polyvinyl Chloride Market, by Country, 2019−2025
FIGURE 7 Global Polyvinyl Chloride Market Size, by Type, 2017
FIGURE 9 Share of Global Polyvinyl Chloride Market, by Type, 2019−2025
FIGURE 9 Global Polyvinyl Chloride Market Size, by Application, 2017
FIGURE10 Share of Global Polyvinyl Chloride Market, by Application, 2019−2025
