Polyvinyl Chloride Market Research Report - Global Forecast till 2030

Polyvinyl Chloride Market: Information by Type (Flexible and Rigid), Application (Pipes & Fittings, Films & Sheets, Profiles & Tubes, Cables, Bottles and Others), End Use (Construction, Automotive, Packaging, Consumer Goods and Others) and Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) - Forecast till 2030

ID: MRFR/CnM/0537-HCR | September 2022 | Region: Global | 140 Pages         

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, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020−2027

6.3 Rigid

6.3.1 Market Estimates & Forecast, 2020−2027

6.3.2 Market Estimates & Forecast, by Region, 2020−2027

7. Global Polyvinyl Chloride Market, by Application

7.1 Introduction

7.2 Films & Sheets

7.2.1 Market Estimates & Forecast, 2020−2027

7.2.2 Market Estimates & Forecast, by Region, 2020−2027

7.3 Cables

7.1 Market Estimates & Forecast, 2020−2027

7.3.2 Market Estimates & Forecast, by Region, 2020−2027

7.4 Bottles

7.4.1 Market Estimates & Forecast, 2020−2027

7.4.2 Market Estimates & Forecast, by Region, 2020−2027

7.5 Pipes & Fittings

7.5.1 Market Estimates & Forecast, 2020−2027

7.5.2 Market Estimates & Forecast, by Region, 2020−2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020−2027

7.6.2 Market Estimates & Forecast, by Region, 2020−2027

8 Global Polyvinyl Chloride Market, by End Use

8.1 Introduction

8.2 Packaging

8.2.1 Market Estimates & Forecast, 2020−2027

8.2.2 Market Estimates & Forecast, by Region, 2020−2027

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2020−2027

8.3.2 Market Estimates & Forecast, by Region, 2020−2027

8.4 Construction

8.4.1 Market Estimates & Forecast, 2020−2027

8.4.2 Market Estimates & Forecast, by Region, 2020−2027

8.5 Consumer Goods

8.5.1 Market Estimates & Forecast, 2020−2027

8.5.2 Market Estimates & Forecast, by Region, 2020−2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020−2027

8.6.2 Market Estimates & Forecast, by Region, 2020−2027

9. Global Polyvinyl Chloride Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020−2027

9.2.2 Market Estimates & Forecast, by Type, 2020−2027

9.2.3 Market Estimates & Forecast, by Application, 2020−2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020−2027

9.2.4.2 Market Estimates & Forecast, by Type, 2020−2027

9.2.4.3 Market Estimates & Forecast, Application, 2020−2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020−2027

9.2.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.2.5.3 Market Estimates & Forecast, by Application, 2020−2027

9.3 Europe

9.1 Market Estimates & Forecast, 2020−2027

9.3.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.3 Market Estimates & Forecast, by Application, 2020−2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020−2027

9.3.4.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.4.3 Market Estimates & Forecast, by Application, 2020−2027

9.3.5 France

9.3.5.1 Market Estimates & Forecast, 2020−2027

9.3.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.5.3 Market Estimates & Forecast, by Application, 2020−2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020−2027

9.3.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.3.6.3 Market Estimates & Forecast, by Application, 2020−2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020−2027

9.3.7.2 Market Estimates & Forecast, by Type,2020−2027

9.3.7.3 Market Estimates & Forecast, by Application, 2020−2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020−2027

9.3.9.2 Market Estimates & Forecast, by Type,2020−2027

9.3.9.3 Market Estimates & Forecast, by Application, 2020−2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020−2027

9.3.9.2 Market Estimates & Forecast, by Type,2020−2027

9.3.9.3 Market Estimates & Forecast, by Application, 2020−2027

9.10 Poland

9.10.1 Market Estimates & Forecast, 2020−2027

9.10.2 Market Estimates & Forecast, by Type, 2020−2027

9.10.3 Market Estimates & Forecast, by Application, 2020−2027

9.11 Rest of Europe

9.11.1 Market Estimates & Forecast, 2020−2027

9.11.2 Market Estimates & Forecast, by Type, 2020−2027

9.11.3 Market Estimates & Forecast, by Application, 2020−2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020−2027

9.4.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.3 Market Estimates & Forecast, by Application, 2020−2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020−2027

9.4.4.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020−2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020−2027

9.4.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.5.3 Market Estimates & Forecast, by Application, 2020−2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020−2027

9.4.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.6.3 Market Estimates & Forecast, by Application, 2020−2027

9.4.7 Australia & New Zealand

9.4.7.1 Market Estimates & Forecast, 2020−2027

9.4.7.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020−2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020−2027

9.4.9.2 Market Estimates & Forecast, by Type, 2020−2027

9.4.9.3 Market Estimates & Forecast, by Application, 2020−2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020−2027

9.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.3 Market Estimates & Forecast, by Application, 2020−2027

9.5.4 GCC

9.5.4.1 Market Estimates & Forecast, 2020−2027

9.5.4.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.4.3 Market Estimates & Forecast, by Application, 2020−2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020−2027

9.5.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.5.3 Market Estimates & Forecast, by Application, 2020−2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020−2027

9.5.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020−2027

9.5.7 Turkey

9.5.7.1 Market Estimates & Forecast, 2020−2027

9.5.7.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.7.3 Market Estimates & Forecast, by Application, 2020−2027

9.5.9 Rest of Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020−2027

9.5.9.2 Market Estimates & Forecast, by Type, 2020−2027

9.5.9.3 Market Estimates & Forecast, by Application, 2020−2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020−2027

9.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.3 Market Estimates & Forecast, by Application, 2020−2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020−2027

9.6.4.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.4.3 Market Estimates & Forecast, by Application, 2020−2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020−2027

9.6.5.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.5.3 Market Estimates & Forecast, by Application, 2020−2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020−2027

9.6.6.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.6.3 Market Estimates & Forecast, by Application, 2020−2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020−2027

9.6.7.2 Market Estimates & Forecast, by Type, 2020−2027

9.6.7.3 Market Estimates & Forecast, by Application, 2020−2027

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, 2020−2027

Table 2 North America: Polyvinyl Chloride Market, by Country, 2020−2027

Table 3 Europe: Polyvinyl Chloride Market, by Country, 2020−2027

Table 4 Asia-Pacific: Polyvinyl Chloride Market. by Country, 2020−2027

Table 5 Middle East & Africa: Polyvinyl Chloride Market, by Country, 2020−2027

Table 6 Latin America: Polyvinyl Chloride Market, by Country, 2020−2027

Table 7 Global Polyvinyl Chloride Type Market, by Region, 2020−2027

Table 9 North America: Polyvinyl Chloride Type Market, by Country, 2020−2027

Table 9 Europe: Polyvinyl Chloride Type Market, by Country, 2020−2027

Table10 Asia-Pacific: Polyvinyl Chloride Type Market, by Country, 2020−2027

Table11 Middle East & Africa: Polyvinyl Chloride Type Market, by Country, 2020−2027

Table12 Latin America: Polyvinyl Chloride Type Market, by Country, 2020−2027

Table13 Global Polyvinyl Chloride Application Market, by Regions, 2020−2027

Table14 North America: Polyvinyl Chloride Application Market, by Country, 2020−2027

Table15 Europe: Polyvinyl Chloride Application Market, by Country, 2020−2027

Table16 Asia-Pacific: Polyvinyl Chloride Application Market, by Country, 2020−2027

Table17 Middle East & Africa: Polyvinyl Chloride Application Market, by Country, 2020−2027

Table19 Latin America: Polyvinyl Chloride by Application Market, by Country, 2016-2027

Table19 Global Type Market, by Region, 2020−2027

Table20 Global Application Market, by Region, 2020−2027

Table21 North America: Polyvinyl Chloride Market, by Country, 2020−2027

Table22 North America: Polyvinyl Chloride Market, by Type, 2020−2027

Table23 North America: Polyvinyl Chloride Market, by Application, 2020−2027

Table24 Europe: Polyvinyl Chloride Market, by Country, 2020−2027

Table25 Europe: Polyvinyl Chloride Market, by Type, 2020−2027

Table26 Europe: Polyvinyl Chloride Market, by Application, 2020−2027

Table27 Asia-Pacific: Polyvinyl Chloride Market, by Country, 2020−2027

Table29 Asia-Pacific: Polyvinyl Chloride Market, by Type, 2020−2027

Table29 Asia-Pacific: Polyvinyl Chloride Market, by Application, 2020−2027

Table30 Middle East & Africa: Polyvinyl Chloride Market, by Country, 2020−2027

Table31 Middle East & Africa: Polyvinyl Chloride Market, by Type, 2020−2027

Table32 Middle East & Africa: Polyvinyl Chloride Market, by Application, 2020−2027

Table3.3 Latin America: Polyvinyl Chloride Market, by Country, 2020−2027

Table34 Latin America: Polyvinyl Chloride Market, by Type, 2020−2027

Table35 Latin America: Polyvinyl Chloride Market, by Application, 2020−2027

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, 2020−2027, by Country, 2020

FIGURE 6 Share of Global Polyvinyl Chloride Market, by Country, 2020−2027

FIGURE 7 Global Polyvinyl Chloride Market Size, by Type, 2020

FIGURE 9 Share of Global Polyvinyl Chloride Market, by Type, 2020−2027

FIGURE 9 Global Polyvinyl Chloride Market Size, by Application, 2020

FIGURE10 Share of Global Polyvinyl Chloride Market, by Application, 2020−2027

Polyvinyl Chloride Market

The Polyvinyl chloride (PVC) market share is expected to grow from USD 22 Billion in 2019 to USD 72 Billion in 2030, with a compound annual growth rate of 4.5% during the period of forecast

$72 Billion

Market Size


4.5%

CAGR


North America

Dominating Region

2022 - 2030

Forecast Period

Segmentation

By Type Flexible And Rigid) Application (Pipes & Fittings Films & Sheets Profiles & Tubes Cables Bottles And Others
By End Use Construction Automotive Packaging Consumer Goods And Others

Key Players

  • SHIN-ETSU CHEMICAL CO. LTD (JAPAN)
  • FORMOSA PLASTICS CORPORATION (TAIWAN)
  • AXIALL CORPORATION (US)
  • MEXICHEM S.A.B (MEXICO)
  • SAB DE CV (MEXICO)
  • KEM ONE SAS (FRANCE)
  • VINNOLIT GMBH & CO. KG (GERMANY)
  • XINJIANG ZHONGTAI CHEMICAL CO. LTD (CHINA)
  • DOWDUPONT (US)
  • OCCIDENTAL PETROLEUM CORPORATION (US)
  • INEOS (UK)
  • SOLVAY S.A (BELGIUM)

Drivers

  • The rapid growth of the packaging & consumer goods
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Polyvinyl Chloride (PVC) Market Overview:

The Polyvinyl chloride (PVC) market share is expected to grow from USD 22 Billion in 2019 to USD 72 Billion in 2030, with a compound annual growth rate of 4.5% during the period of forecast.

Polyvinyl chloride (PVC) is an amorphous compound with polar chlorine atoms present in the molecular structure. Due to the chlorine content present in it, PVC has a permanent fire decelerating property. If we look at the structure of PVC the chlorine atom is attached to every carbon chain present in it which makes the present compound is highly rebellious to oxidation reactions and maintains its performance for a long period in turn increasing its durability. Other properties of polyvinyl chloride (PVC) are flexibility, elasticity, impact resistance, anti-fouling, prevention of microbial growth, and anti-mist. It comes under the category of thermoplastics as it is made up of 57% of chlorine and 43% of carbon. It is not dependent upon non sustainable resources like crude oil or natural gas. In comparison to plastics (such as PE, PP, PS, and PET) that are dependent on oil or gas, polyvinyl chloride (PVC) resin is considered to be more eco-friendly.


COVID-19 ANALYSIS


The coronavirus pandemic has given a very hard time to most of the manufacturing, developing, production, and logistic units of the market. Due to this pandemic situation, restrictions were imposed by the government of different countries. It is a very well-known fact that the increase in GDP is directly linked to the demand for Polyvinyl chloride (PVC). many industries like building, construction, electrical, electronics, and automotive make use of PVC on large scale are severely affected by this pandemic situation. Also, the launch of 5G which was disrupted by the pandemic was anticipated to be a major factor responsible for the growth of the whole electronics market which in turn derives the extension of the Polyvinyl chloride (PVC) industry.


COMPETITIVE LANDSCAPE


To get a detailed and profound idea about the Polyvinyl chloride (PVC) market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The prime players of this market include:-‘



  • SHIN-ETSU CHEMICAL CO. LTD (JAPAN)

  • FORMOSA PLASTICS CORPORATION (TAIWAN)

  • AXIALL CORPORATION (US)

  • MEXICHEM S.A.B (MEXICO)

  • SAB DE CV (MEXICO)

  • KEM ONE SAS (FRANCE)

  • VINNOLIT GMBH & CO. KG (GERMANY)

  • XINJIANG ZHONGTAI CHEMICAL CO. LTD (CHINA)

  • DOWDUPONT (US)

  • OCCIDENTAL PETROLEUM CORPORATION (US)

  • INEOS (UK)

  • SOLVAY S.A (BELGIUM)


MARKET DYNAMICS


DRIVERS


The main reason behind the growth of polyvinyl chloride (PVC) market share is its extensive use in the construction and automotive industry. As a rigid form of PVC is very widely used in the construction of pipes, doors, and window frames. Also in place of wood use of plasticized PVC in windows frame and sills is becoming very famous these days and is the major factor responsible for the growth of this market. The packaging industries that have been using plastics for years is using PVC these days for packaging selective things like medical devices, apparatus packaging, sleeving of the bottle, and packaging of electronic & consumer goods and this is one of the major factors that will lead this industries growth to greater heights.


RESTRAINTS


Firstly the Covid-19 restrictions affected the market to a great extent as many end-user industries that use Polyvinyl chloride (PVC) in their different applications were stopped from operating due to the risk of people getting infected by the Covid-19 virus. And apart from it, the environmental risks caused by the usage and disposal of Polyvinyl chloride (PVC) are anticipated to hamper the growth of this market. Also while the manufacturing of PVC is taking place many harmful gases are released at the end of the process which is harmful to the health of human beings and this is another factor foreseen to restrict the growth of this industry.


TECHNOLOGY ANALYSIS


Traditional building materials such as woods concrete and clay are being replaced by PVC in many regions of the world. The latest technology of using 3d printing makes use of PVC for injecting molding and printing structures for fast construction as the PVC can easily be colored, shaped, molded, and processed according to the requirements of the user makes it the most important plastic in the market. In comparison to other building materials, assembling PVC is very cheap and economical.

Recent Development

November 2021 - Westlake Chemical Corporation announced the launch of GreenVin™ Polyvinyl Chloride (PVC), a lower-carbon alternative PVC, by its Vinnolit subsidiary in Germany. The alternative PVC is one of the most widely used plastics in the construction, medical, and automotive sectors.
The launch of GreenVin™ PVC is in succession with the introduction of GreenVin™ caustic soda at the start of this year, with the product line anticipated to expand into the Company's hydrogen and vinyl chloride products in the future. Caustic soda is a vital ingredient for manufacturing numerous materials, including construction materials, water treatment products, pharmaceuticals, pulp and paper, and detergents.

November 2021- The UAE's AD Ports and Abu Dhabi National Oil Co., or ADNOC, plans to collaboratively produce a liquids terminal and logistics facilities situated in the industrial hub of Ruwais to serve over USD6 billion TA'ZIZ petrochemical projects payable for a startup from 2025.
AD Ports Group and ADNOC Logistics & Services will construct plants to help tenants of TA'ZIZ Industrial Chemicals Zone in Ruwais.


STUDY OBJECTIVES



  • To consider the viewpoint of various industry experts and leaders and predict compound annual growth rate and market growth rate by the end of the global forecast in 2023.

  • To highlight a competitive market outlook and examine the yield models of key market players, worldwide.

  • To observe the various market dynamics like trends, drivers, and restraints that are most probable to play a role in helping the market and its different segments growing in the domestic as well as international market.


Polyvinyl Chloride Market Share, By Application, 2017 (%)  


Polyvinyl Chloride Market_Image


Source: MRFR Analysis


SEGMENT OVERVIEW


Polyvinyl chloride (PVC) market share is anticipated to witness significant growth owing to the performance of different market segments. Among these segments, the construction segment will be the fastest growing and also contribute towards this market growth more than any other segment. The rising demand for better infrastructure facilities, increasing urbanization, and fast industrialization are responsible for the growth of this segment. The advantageous characteristics of Polyvinyl chloride (PVC) make it worthy of use in the construction sector. Also, the increasing number of construction activities across the world is a prime factor responsible for use of Polyvinyl chloride (PVC) in the construction sector. Also, the pipe and fittings segment is anticipated to hold one-third of the global market value share. For an amplifying use the market has been segmented into the following on different bases:


Based on type, it has flexible and rigid.


Based on application, it has pipes, fittings, films, sheets, profiles, tubes, cables, bottles, and others.


Based on end-use industries, it has construction, automobile, packaging, and consumer goods.


REGIONAL ANALYSIS


The Polyvinyl chloride (PVC) industry movements are remarkably working in 6 major regions of the world that is North America, Asia Pacific, Africa, South America, the Middle East, and Latin America. Among all these regions, the Asia Pacific region will dominate this market, and the reason attributed to it is an increase in the production of plastic products. Due to factors like rapid industrialization, growing industrial sectors, and high investments in infrastructure development, China and India are witnessing a notable increase in demand for Polyvinyl chloride (PVC). Also the increase of Polyvinyl chloride (PVC) in various applications of the construction industry attracting massive investments in this market. During the forecast period, the economies of Latin America such as Mexico and Brazil will be witnessing profitable growth owing to increased growth in the construction industry. The demand for Polyvinyl chloride (PVC) will be immobile in the North American region due to the poor growth of construction property. Also due to factors like debt crisis, depressed business environment, and slow money recovery, the European region will witness average growth during the forecast period. The poor growth of end-use industries like packaging, consumer goods, construction, etc. the African and Middle East region will also experience a stable growth during the assessment period.


RECENT DEVELOPMENTS


In July 2020, a partnership was being entered into between POLY LOOP and KEM ONE to develop the technology for RECYCLING OF Polyvinyl chloride (PVC). This collaboration is expected to result in a combination of skills and expertise to develop and produce new polyvinyl chloride (PVC) recycling solutions at the site of BALAN.


In February 2020, a long-term agreement was announced by INEOS and UPM to supply sustainable raw materials for modern and innovative bio imputed polymers produced in Germany. In such commercial bio imputed Polyvinyl chloride (PVC), the residue left in the manufacture of wood pulp is used.


The prime consumption of Polyvinyl chloride (PVC) is made by the manufacturers of pipe & fittings, and a CAGR 5.12 is anticipated during the forecast period. In the recent research reports, it was shown that 7000-kilo tons and 6300-kilo tons of Polyvinyl chloride (PVC) were used by the films & sheets and profiles & tubes respectively in the year 2019


INTENDED AUDIENCE



  • Polyvinyl chloride manufacturers

  • Traders and distributors of polyvinyl chloride

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory


REPORT OVERVIEW


The Polyvinyl chloride (PVC) industry report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The report discusses the impact of covid-19 on the key players of this market. The report also tells about the market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in this industry.

Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2025: USD 72.0 Billion
  • 2030: Significant Value

    		•
      CAGR   4.5% (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, End-User
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Formosa Plastics Corporation (Taiwan), Shin-Etsu Chemical Co., Ltd. (Japan), Ineos Group Limited (U.K), Occidental Petroleum Corporation (U.S.), Axiall Corporation (U.S.), Mexichem, S.A.B. de C.V. (Mexico), Kem One SAS (France), Vinnolit GmbH & Co. KG (Germany), Xinjiang Zhongtai Chemical Co., Ltd. (China), and E. I. du Pont de Nemours and Company (U.S.) among others.
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Increasing demand in the construction and automotive industries. Additionally
  • The rapid growth of the packaging & consumer goods



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    Frequently Asked Questions (FAQ) :

    The global polyvinyl chloride market is expected to exhibit a strong 4.5% CAGR over the forecast period from 2018 to 2025.

    The global polyvinyl chloride market is expected to reach a valuation of USD 72 billion by 2025.

    The polyvinyl chloride market is majorly driven by the growing demand for piping in residential and commercial construction. The increasing use of PVC films in packaging is also likely to be a major driver for the market.

    Many key players in the global polyvinyl chloride market are likely to acquire smaller players in order to grow inorganically. Research and development to produce better PVC products is also likely to be a major agenda for players in the polyvinyl chloride market.

    Leading players in the polyvinyl chloride market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics Corporation, Mexichem, SAB de CV, Vinnolit, and DowDuPont.