Press release
Poly-Vinyl Chloride Market Research Report 2020-2023 | Westlake Chemical Corporation, Shin-Etsu Chemical Co, INEOS Group Ltd
The Global Poly-Vinyl Chloride Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2023. Poly-Vinyl Chloride Market report is a valuable source of data for business strategists. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). The report explores the current outlook in global and key regions from the perspective of players, countries, product types, and end industries. This Poly-Vinyl Chloride Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The global poly-vinyl chloride market was worth $105.32 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8% and reach $147.80 billion by 2023.
The Poly-Vinyl Chloride (PVC) market consists of sales of PVC material and related services used in the building and construction, health care, electronics, automobile and other sectors, in products ranging from piping and siding, blood bags and tubing, to wire and cable insulation, windshield system components. Polyvinyl chloride is a white synthetic organic compound available in powder form or granules with high density and high impact strength. It is produced in two forms, first as a rigid and second as a flexible plastic. PVC is commonly used in construction as insulation on electrical wires. It is also blow-molded into clear, transparent bottles.
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Top Companies: Westlake Chemical Corporation, Shin-Etsu Chemical Co, INEOS Group Ltd, LG Chem, Formosa Plastics Corporation, Occidental Chemical Corporation, China National Chemical Corporation (ChemChina), Mexichem SAB de CV, Axiall Corporation, Shin-Etsu Chemical Co., BASF SE.
Market Overview:
The poly-vinyl chloride market covered in this report is segmented by product type into rigid PVC, flexible pvc, low-smoke PVC, chlorinated PVC. It is also segmented by end use industry into building & construction, automotive, electrical & electronics, packaging, footwear, healthcare, others and by application into pipes & fittings, film & sheets, wire & cables, bottles, profiles, hoses & tubing, others.
Increased demand from industries such as construction, health care, packaging contributed to the growth of the PVC market. The growing need for PVC is expected to drive the market. PVC being light weighted and strong is heavily used in construction industry in the form of pipes,windows,flooring and roofing. In March 2019, it was reported that spending on federal government construction projects, in the US, increased by 4.2% to the highest level since October 2017, which is expected to positively impact the PVC market. The growth of end-user industries, including construction, health care, packaging, boosts the demand for PVC increasing the growth of the PVC market.
Environmental impacts of using PVC challenges the growth of the PVC market. Emission of toxic fumes emitted during the manufacturing, use, and disposal of PVC raises environmental concerns. The manufacturing of PVC consumes high amount of chlorine gas due to which large amount of hazardous gases as by products are emitted during the whole PVC lifecycle. PVC resists natural degradation. It stays in the environment for long contributing towards global pollution. Owing to the harmful effects of PVC on the environment, PVC packaging has been banned or restricted in a number of countries around the world, such as Canada, Spain, South Korea and the Czech Republic.
In 2019, SK Capitals acquired the Performance Products & Solutions business (PP&S) from US compounder PolyOne Corporation for $775 million.The acquisition is expected to help SK capitals to strengthen the business growth by expanding its product portfolio. The Performance Products & Solutions business (PP&S), a business division of PolyOne Corporation, which is headquartered in the US, is a plastic compounded solutions provider of formulated polyvinyl chloride (PVC) and propylene-based products.
Explore Full Report With Detailed TOC Here:
https://www.marketinsightsreports.com/reports/05072013795/poly-vinyl-chloride-global-market-report-2020-including-1-by-product-type-rigid-pvc-flexible-pvc-low-smoke-pvc-chlorinated-pvc-2-by-end-use-industry-building-construction-automotive-electrical-electronics-packaging-footwear-healthcare-others-3-by-application-pipes-fittings-film-sheets-wire-cables-bottles-profiles-hoses-tubing-others-covering-westlake-chemical-corporation-shin-etsu-chemical-co-ineos-group-ltd-lg-chem-formosa-plastics-corporation-occidental-chemical-corporation?mode=31&OP
Regional Analysis: For comprehensive understanding of market dynamics, the global Poly-Vinyl Chloride analyzed across key geographies namely: United States, China, Europe, Japan, Middle East & Africa, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Poly-Vinyl Chloride Market
-Changing Poly-Vinyl Chloride market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Poly-Vinyl Chloride market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Poly-Vinyl Chloride Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com|irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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