Press release
PVC Paste Resin Market is Showing Strong Position Near Future By Leading Key Vendors - Formosa Plastics Corporation, LG Chem, INEOS, KANEKA CORPORATION, Thai Plastic and Chemicals Public Company Limited
PVC Paste Resin Market
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Market Analysis: Global PVC Paste Resin Market
Global PVC paste resin market is expected to rise to an estimated value of USD 10.20 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to the increasing adoption of PVC resin among various end use industries
Key Market Competitors:
Few of the major competitors currently working in global PVC paste resin market are Vinnolit GmbH & Co. KG, Solvay, Mexichem S.A.B. de C.V., Hanwha Chemical Corporation, KEM ONE, Formosa Plastics Corporation, LG Chem, INEOS, KANEKA CORPORATION, Thai Plastic and Chemicals Public Company Limited, SABIC and Xinjiang Tianye (Group) Co., Ltd among others.
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Market Definition: Global PVC Paste Resin Market
PVC paste resin can be used in paste form, such kind of liquid material is more easy to control and configure along with the stability in performance therefore it is extremely used in vinyl toys, leather, wallpaper, soft trademarks, foam plastics production and paint. PVC is available in both the forms rigid and flexible. The demand of construction, automotive, packaging industry has significantly enhanced the growth of the PVC market. These resins are mixed with plasticizers and other additives to form the paste PVC resin.
Segmentation: Global PVC Paste Resin Market
PVC Paste Resin Market : By Manufacturing Process
Suspension
Emulsion
PVC Paste Resin Market : By Form
Low K Value (62-68),
Medium K Value
High K Value (78-84)
PVC Paste Resin Market : By Application
Plastic Floor
Artificial Leather
Paint and Coatings
Wallpaper
Automotive Sealing
Others
PVC Paste Resin Market :By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Market:
In December 2017, KANEKA CORPORATION increased price of all the PVC resin including PVC paste resin by 15 Yen or more per Kg for all types of export from Japan by the company. This step of the company came after increased demand of PVC paste resin in Japan on account of Tokyo Olympic Games which are supposed to be held in 2020 that pulled massive demand from global market and increased the local prices in the country. This will help the company to maintain the balance between demand and supply of PVC resins
In February 2015, a merger has took place in Hanwha Corporation, (acting through its subsidiaries Hanwha Chemical Corporation (HCC) and Hanwha Energy Corporation (HEC)) and Samsung General Chemicals Co., Ltd (SGC) which will reduce the competition in the market and there should be no overlap of activities in the market
PVC Paste Resin Market Drivers:
Increasing inclination towards modernizing the households by using various flooring options drives the market growth
Increase manufacturing of synthetic leathers will also propel the growth of the market
Growing adaptation of PVC paste resin for insulation through coating is boosting the market growth
High production of lightweight automobiles is also a driving factor of the market
PVC Paste Resin Market Restraints:
High cost as compared to conventional PVC resin may hinder the market growth
Changing demand-supply spectrum owing to strict regulations in Asia-Pacific region is restraining the growth of the market
Fluctuations in prices of raw materials such as chlorine, acetylene and ethylene is also hindering the market growth
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