Polyvinyl Chloride (PVC) Market Demand and Growth Analysis 2020 to 2025 | BASF SE, China National Chemical Corporation (ChemChina), Formosa Plastics Corporation

The report presents an in-depth assessment of the Global Polyvinyl Chloride (PVC) including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Polyvinyl Chloride (PVC) investments from 2020 till 2025.

The market for polyvinyl chloride (PVC) is anticipated to register a CAGR of around 3.5% during the forecast period. One of the major factors driving the growth of the market studied is the rising usage of PVC from the automotive industry. The rising demand from construction and increasing applications in the healthcare sector have also significantly contributed to the growth of the market studied.             

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Top Leading Manufactures-

BASF SE, China National Chemical Corporation (ChemChina), Formosa Plastics Corporation, INOVYN, Kem One SAS, LG Chem, Orbia, Occidental Petroleum Corporation, SABIC, Shin-Etsu Chemical Co. Ltd., The Lubrizol Corporation, Westlake Chemical Corporation, Xinjiang Zhongtai Chemical Co. Ltd

Market Scenario

Increasing Demand from the Building and Construction Industry

- PVC is strong and lightweight, durable to weathering, rotting, chemical corrosion and abrasion, versatile, and easy to use, as it can be cut, shaped, welded, and joined in any style. Such characteristics make it an ideal option for many applications, such as pipes, windows, flooring, and roofing.
- PVC pipes have been used in building and construction for over 60 years, as they offer valuable energy saving during production, low-cost distribution, and a safe, maintenance-free lifetime of service. These pipes are widely used for pipeline systems for water, waste, and drainage, as these pipes suffer no build-up, scaling, corrosion, or pitting, and they provide smooth surfaces reducing energy requirements for pumping.
- PVC flooring has benefits, such as durability, freedom of aesthetic effects, ease in installation, easy to clean, recyclability, etc. Thus, its flooring is used over years. Another area in the building and construction industry, where PVC is used is in roofing. It is used for its low maintenance requirements, and because it lasts more than 30 years.
- The increasing infrastructure construction activities is the major driver in Asia-Pacific. This, coupled with the entry of major construction players from the European Union into lucrative market in countries, like China, has further fueled the growth of this the industry.
- All the aforementioned factors are expected to drive the global market, during the forecast period.

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Asia-Pacific Region to Dominate the Market

- In the recent years, China has become a global industrial and manufacturing hub.
- The Chinese market is expected to witness a faster growth, in comparison to other countries, owing to the significant increase in the per capita income of the middle-class population and the resultant increase in the sales of consumer goods in the region.
- China has planned many infrastructural development projects, such as the Belt and Road Initiative and infrastructural project, which includes the development of airport (new Beijing airport), roads (30,000 km of highways, with bridges built or upgraded), 30,000 km of high speed rail covering (which is expected to cover more than 80 cities), and 60% of urbanization ratio with permanent residents.
- The electronics manufacturing industry is continually moving to China, as a result of low cost and increasing demand for electronics products. Growing household income in the country has led to increasing demand for electronic products.
- The Chinese manufacturing industry is expected to grow on an average of more than 7-8% every year, thereby being the dominant driving force for the countrys PVC market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: Global Polyvinyl Chloride (PVC) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs

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