Press release
Polyvinyl Chloride (PVC) Market Report 2023: Global Size, Share & Growth till 2028
Polyvinyl Chloride (PVC) Market
Polyvinyl chloride (PVC) stands out as a highly versatile and extensively employed synthetic polymer within the realm of plastics. Its reputation is built upon its exceptional durability, robustness, and ability to withstand chemicals, environmental factors, and wear and tear, rendering it the preferred material for construction and building components. PVC exhibits remarkable flexibility and lends itself easily to shaping through a variety of processing methods such as injection molding and extrusion. This adaptability finds widespread application in items like pipes, fittings, window frames, and vinyl siding, all of which benefit from PVC's enduring and low-maintenance properties. Furthermore, PVC finds utility in an array of products, including vinyl flooring, inflatable toys, rainwear, and medical tubing.
The global polyvinyl chloride (PVC) market size reached US$ 43.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
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Global Polyvinyl Chloride (PVC) Market Trends and Drivers:
PVC finds extensive application in the construction sector, where its outstanding durability, resistance to corrosion, and cost-effectiveness make it the material of choice for pipes, fittings, and conduits. Furthermore, the global market is being bolstered by the escalating construction activities in residential and commercial areas. In addition, the increasing adoption of PVC for electrical and electronic purposes, including cable insulation, wire coatings, and cable sheathing, is driving market growth due to its favorable electrical properties and protective qualities. Moreover, the healthcare industry is witnessing a positive impact on the market due to the growing utilization of PVC in the production of medical tubing, bags, and containers. This is attributed to PVC's biocompatibility and resistance to chemicals, which enhance its suitability for medical applications.
Global Polyvinyl Chloride (PVC) Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Arkema S.A.
China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation)
Formosa Plastics Corporation
INEOS Group Ltd.
KEM ONE
LG Chem Ltd.
Mitsubishi Chemical Corporation
Occidental Petroleum Corporation
Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
Shin-Etsu Chemical Co. Ltd.
Westlake Chemical Corporation
Xinjiang Zhongtai Chemical Co. Ltd.
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The report segmented the market on the basis of region, product type, application and end use industry.
Breakup by Product Type:
Rigid PVC
Flexible PVC
Others
Breakup by Application:
Pipes and Fittings
Film and Sheets
Wire and Cables
Bottles
Profiles, Hoses and Tubings
Others
Breakup by End Use Industry:
Building and Construction
Automotive
Electrical and Electronics
Packaging
Footwear
Healthcare
Others
Breakup By Regions:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Contact Us:
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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