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Global PVC Market Set for Rapid Growth, To Reach Around USD 78.90 Billion by 2021

10-20-2016 08:10 AM CET | IT, New Media & Software

Press release from: zion market research

Global PVC Market Set for Rapid Growth, To Reach Around USD 78.90

Zion Research has published a new report titled “PVC Market (Rigid PVC And Flexible PVC) by Application ( Pipes & Fittings, Wires & Cables, Films & Sheets, Bottles and Others) For Automotive, Electrical & Electronics, Construction, Packaging And Other End-User: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for PVC Market was valued at USD 57.06 billion in 2015 and is expected to reach USD 78.90 billion in 2021, growing at a CAGR of 5.6% between 2016 and 2021. In terms of volume, the global PVC Market stood at 43,662.0 kilotons in 2015.

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PVC is a general purpose plastic commonly used in the construction sector, for example in window frames and shutters, pipe cabling and coating, etc. PVC can be clear or colored, rigid or flexible, depending on the added compounds and final application that needs to be achieved. PVC inherently possesses superior fire retarding properties due to its chlorine content, even in the absence of fire retardants.

By application, pipes & fittings segment is expected to dominate the market over the forecast period due to extensive use in construction industry. Currently pipes & fittings segment holds over 62% of market share in terms of revenue. Film & sheets are expected to exhibit impulse growth in the forecast period. The growth of this segment is mainly attributed to a positive outlook for specialty films coupled with growing usage of plastic films & sheets in agriculture.

Generally, PVC found in two type, rigid polyvinyl chloride, and flexible polyvinyl chloride. Flexible PVC is used in electrical cable insulation plumbing, inflatable products, medical devices, and signage while the rigid PVC is used in various applications includes windows and door, and construction (in the form of pipes).

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Construction emerged as the leading end-user segment and growth of this segment is mainly driven by significant growth of building & construction sector in Asia Pacific. Packaging segment is expected to exhibit impulse growth in the coming year due to rising demand from the food industry. Rising demand of PVC in electrical & electronics specially from China and Taiwan is expected to support the growth of PVC market in coming years.

Geographically, Asia Pacific is one of the largest markets with more than 52% of market share in term of volume and expected to show a good growth rate over a forecast period. This is due to high growth potential of building and construction industry, especially in China & India. The Middle East & Africa & Latin America is expected to be the fastest growing regional polyvinyl chloride market in coming years.

Some of the key company's operative in the global PVC Market include KEM one, Occidental Petroleum Corporation, Finolex, Formosa Plastics Group, Shin-Etsu Chemical Co. Ltd., Solvay S.A., Axiall Corporation and Ineos Chlorvinyls Ltd amongst others.

Browse detail report with in-depth TOC @ http://www.zionmarketresearch.com/report/pvc-market

The report segments of global PVC (polyvinyl chloride) Market as follows:

Global Polyvinyl Chloride (PVC) Market: Application Segment Analysis

Pipes & fittings
Wires and cables
Film & sheets
Bottles
Others
Global Polyvinyl Chloride (PVC) Market: Type Segment Analysis

Rigid PVC (polyvinyl chloride)
Flexible PVC (polyvinyl chloride)

Global Polyvinyl Chloride (PVC) Market: End User Segment Analysis
Automotive
Electrical & electronics
Construction
Packaging
Others
Global Polyvinyl Chloride (PVC) Market: Regional Segment Analysis

North America
Europe
Asia Pacific
Latin America
The Middle East and Africa

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About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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