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Exploring Profits: Worldwide Analysis of the PVC Emulsion Market by The Business Research Company || Chemplast Sanmar Limited, Finolex Industries Limited, SCG Chemicals Co Ltd
PVC Emulsion Market
The Business Research Company's PVC Emulsion Global Market Report 2023 identifies the expansion in the construction sector is the major driver for the PVC Emulsion market's growth in the forecast period. The construction sector refers to the sector involved in production and trade that focuses on creating, maintaining, and repairing infrastructure. PVC emulsions in construction are used in the coating of construction materials to provide a barrier to oxygen, moisture, and anti-corrosion properties. Additionally, it is utilized in the production of false ceilings due it its flexibility, conducive bending, and lightweight properties. For instance, in September 2022, according to Zippia, a US-based online recruitment service provider, approximately 1,337,800 new housing units were completed in 2021, a 4% increase from 2020 in the US. Moreover, the construction of residential buildings grew from 12,00,000 in 2019 to 13,81,000 in 2020 a 15.08 percent increase.
The global PVC emulsion market size is expected to grow from $3.00 billion in 2022 to $3.15 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global PVC emulsion market size is expected to reach $3.73 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the PVC emulsion market are Chemplast Sanmar Limited, Finolex Industries Limited, SCG Chemicals Co Ltd., Kaneka Corporation, Formosa Plastics Corporation, VESTOLIT GmbH & Co KG, Vinnolit GmbH & Company KG, LG Chem Ltd., RusVinyl LLC, Vinythai Public Company Limited, Nissin Chemical Industry Co Ltd.
A key trend in the PVC emulsion market includes product innovations. Major companies operating in the PVC emulsion market are focused on innovative products to sustain their position. For instance, in October 2022, Westlake Vinnolit, a Germany-based company operating in polyvinyl chloride resins introduced GreenVin® PVC, a bio-attributed PVC based on renewable ethylene.
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The PVC emulsion market is segmented -
• By Type: Micro Suspension, Micro Seeded, Other Types
• By Application: Flooring And Wall Covering, Fabric Coating, Synthetic Leather Manufacturing, Automotive Mastic And Sealants, Printing Inks And Adhesives, Surface Coating, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the global PVC emulsion market.
The Business Research Company's "Global PVC Emulsion Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The PVC Emulsion Market Include:
1. Executive Summary
2. PVC Emulsion Market Characteristics
3. PVC Emulsion Market Trends And Strategies
4. PVC Emulsion Market - Macro Economic Scenario
5. PVC Emulsion Market Size And Growth
……………
27. PVC Emulsion Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The PVC Emulsion Market
29. PVC Emulsion Market Future Outlook And Potential Analysis
30. Appendix
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