Polyvinyl Chloride Market | Size, Share and Forecast (2018-2023) | Formosa Plastics, Shin-Etsu Chemical, Ineos Group, Occidental Petroleum, Axiall, Mexichem, S.A.B. de C.V., Kem One SAS, Vinnolit GmbH, Xinjiang Zhongtai Chemical and E. I. du Pont de Nemou

Segmentation

The Global Polyvinyl Chloride Market is categorized on the basis of End Use Industry and Region.

On the Basis of End Use Industry, the polyvinyl chloride market is categorized into construction, automotive, electrical, textiles and others.

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On the Basis of Region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis

The Global Polyvinyl Chloride Market is spanned across five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding construction industry. China will remain the largest consumer and producer in the forecast period. North America is the second largest producer of PVC in the world; construction being the main driver for the market growth rate. Europe is the third largest producer of PVC worldwide. After the recession period 2008-2016, there is a considerable decline in the market growth rate. However, automobile parts demand is anticipated to grow in the forecast period.

North American Polyvinyl Chloride Market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be a major contributor to the regional growth of Polyvinyl Chloride Market and is expected to see a significant demand for Polyvinyl Chloride during the forecast period, 2017 to 2023. As of 2016, the U.S accounted for the largest market share, followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR owing to the investments by government in construction of hospitals and schools provides another key area for the US construction sector in coming years. In Europe, the demand for Polyvinyl Chloride is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of the increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give a new impetus to the market growth.

Industry Overview

Polyvinyl Chloride (PVC) is an amorphous compound with polar chlorine atoms in the molecular structure. PVC has inherently superior fire retarding properties due to its chlorine content PVC, having the molecular structure where the chlorine atom is bound to every other carbon chain which makes the compound, highly resistant to oxidative reactions, and maintains its performance for a long time. Other properties include flexibility, elasticity, impact resistance, anti-fouling, prevention of microbial growth, and anti-mist. These properties have major applications in manufacturing pipes for construction activities and insulation materials for electrical cables and wires.

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This release was published on openPR.