Global Polyvinyl Chloride Market to Grow at 4% CAGR and Surpass US$ 91 Bn in Revenues by 2026, Finds a New Study

Polyvinyl chloride market is likely to witness a CAGR of 4% during the assessment period 2017-2026, according to a new research study added to the repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global polyvinyl chloride market is likely to surpass US$ 91 Bn in revenues by the end of the forecast period.

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According to the study, the lucrativeness of polyvinyl chloride over copper, wood, and other metals continues to witness an increase on account of its competitive pricing and operational productivity. The use of PVC is high in manufacturing hubs around the world, where it is used in a variety of applications. According to the research study, manufacturing hubs in Asia Pacific, such as China, India, Indonesia, and Taiwan continue to be prominent producers and consumers of polyvinyl chloride.

According to the study, demand for polyvinyl chloride in Asia Pacific has been subject to regulatory approvals recently. Governments and environment agencies in Asia Pacific are imposing stringent regulations on the use of polyvinyl chloride and other chemicals, which is impeding growth. It is highly likely that regulatory climate will continue to influence the growth of the market during the assessment period.

The business intelligence study also offers analysis on the basis of key segments. According to the study, the key end-use application segments in the polyvinyl chloride market include construction, packaging, consumer goods, electrical and electronics, and automotive. Among these application segments, demand for polyvinyl chloride is likely to remain robust in the construction sector. There has been significantly resurgence in the construction sector, following a recovery after the recession. The construction sector in North America and Asia Pacific is witnessing a spike on account of positive economic scenario. The steady growth of the polyvinyl chloride market is likely to provide an impetus to demand for polyvinyl chloride during the assessment period.

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The business intelligence study also offers holistic analysis and insights on the competitive landscape in the market. The business and product strategies of some of the leading players has been discussed in detail in the research study. The financial scenario, manufacturer outlook, and overall profiling has been done to offer in-depth insights to readers. According to the report, some of the leading players in the polyvinyl chloride market include Formosa Plastics Group, Axiall Corporation, Westlake Chemical Corp., BASF SE, Mexichem S.A.B, LG Chem,  and Ineos Chlorvinyls Ltd.

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This release was published on openPR.