Advancements in bio-attributed PVC, continuous growth of the construction, and packaging industry have resulted in boosting the Polyvinyl Chloride market.
The Global Polyvinyl Chloride (PVC) market is forecast to reach USD 91.17 Billion by 2028, according to a new report by Reports and Data. Polyvinyl Chloride (PVC) can be defined as a versatile thermoplastic polymer. It is an economical option for heavy and expensive metals used in construction and building industry for producing window door profiles, wire, and cable insulation, pipes (drinking and wastewater), and medical devices, among others. Some of its mentionable traits are excellent mechanical properties, which is abrasion-resistant, tough, lightweight, effective chemical resistance, flame retardance, durability and good insulation properties, and dielectric strength.
The presence of these traits have resulted in the extensive application in construction, electronics, packaging, and transportation sector, among others. Furthermore, continuous expansion of the automotive industry and rising demand for lightweight vehicles is also resulting in increasing demand for PVC in the automotive sector. The fact that PVC is widely available and easily recyclable also supports the growth of the market.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
BASF SE, Formosa Plastics Corporation, China National Chemical Corporation (ChemChina), Kem One SAS, INOVYN, Orbia, LG Chem, Occidental Petroleum Corporation, Xinjiang Zhongtai Chemical Co. Ltd, and SABIC.
Market Segmentation by Types:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Flexible PVC
- Rigid PVC
Resources Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Fossil based PVC
- Bio-attributed PVC
Emulsion Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Bulk polymerization
- Emulsion polymerization
- Suspension polymerization
End-User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Construction
- Automotive
- Packaging
- Electrical Electronics
- Transportation
- Healthcare
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Film Sheets
- Pipes Fittings
- Bottles
- Wire Cables
- Profiles
- Pastes
- Others
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Polyvinyl Chloride (PVC) market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Further key findings from the report suggest
- The Polyvinyl Chloride market held a market share of USD 90 Billion in the year 2018 that is forecasted to grow at a rate of 3.8% during the forecast period.
- In context to Product Type, the rigid PVC segment generated a higher revenue of USD 32.19 Billion in 2018, with a CAGR 3.6% during the forecast period. Its traits like excellent physical properties, stiffness, ease of fabrication, along with low-cost results in its extensive use in the construction of tanks, piping systems that contribute to higher revenue generated by this segment.
- In context to Resources, the bio-attributed PVC segment is projected to witness a faster growth rate of 5.3% during the forecast period, which is expected to occupy 35.0% of the market in 2027. The growth rate witnessed by the bio-attributed PVC resources segment is attributed to the formulation of stringent government regulations and legislations focusing on minimized use of non-renewable resources and the increasing emphasis on development of bio-attributed PVCs by the market players. The launch of the first-ever commercially available grade of bio-attributed PVC- BIOVYNTM by INOVYN is resulting in its growing popularity.
- In context to Application, the Film Sheets segment is projected to witness the fastest CAGR of 4.5% during the forecast period. The growth rate witnessed by this segment is resultant of growth in the e-commerce sector and food packaging industry that results in the rising demand for PVCs in Film Sheets segment.
- In regards to the region, Europe held 0% of the market in 2018, with a growth rate of 3.7% during the forecast period. Factors like continuous growth in the automotive industry, expanding construction, and logistics sector contributes to the market share occupied by this region.
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