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Poly-Vinyl Chloride Market Outlook -Estimated Market Size And Growth Rate
Poly-Vinyl Chloride Market
The Business Research Company's Poly-Vinyl Chloride Global Market Report 2023 identifies PVC market growth was aided by increased demand as the major driver for the Poly-Vinyl Chloride market's growth in the forecast period. PVC is lightweight and strong and is heavily used in the construction industry in the form of pipes, windows, flooring, and roofing. According to Oxford Economics, a UK-based firm providing global economic forecasting and econometric analysis.
The poly-vinyl chloride market size has grown strongly in recent years. It will grow from $89.94 billion in 2023 to $97.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%.It will grow to $133.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
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Major competitors in the Poly-Vinyl Chloride market are Westlake Chemical Corporation, Shin-Etsu Chemical Co. Ltd., Ineos Group Limited, Formosa Plastics Corporation, Occidental Chemical Corporation, China National Chemical Corporation.
A key trend in the Poly-Vinyl Chloride market includes major companies operating in the poly-vinyl chloride. GreenVin polyvinyl chloride (PVC) is a low-carbon substitute for conventional PVC. For instance, in November 2021, Vinnolit, a Germany-based chemical company launched GreenVin polyvinyl chloride (PVC). GreenVin is widely used in sectors including building, healthcare, and automobiles. PVC is a versatile thermoplastic polymer that is frequently used in the building and construction sector to create door and window profiles, drinking and wastewater pipes, wire and cable insulation.
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The Poly-Vinyl Chloride market is segmented -
• By Product Type: Rigid PVC, Flexible PVC, Low-smoke PVC, Chlorinated PVC
• By Application: Pipes & Fittings, Film & Sheets, Wire & Cables, Bottles, Profiles, Hoses & Tubing, Other Applications
• By End User Industry: Building & Construction, Automotive, Electrical & Electronics, Packaging, Footwear, Healthcare, Other End Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Poly-Vinyl Chloride market.
The Business Research Company's "Global Poly-Vinyl Chloride 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 Poly-Vinyl Chloride Market Include:
1. Executive Summary
2. Poly-Vinyl Chloride Market Characteristics
3. Poly-Vinyl Chloride Market Trends And Strategies
4. Poly-Vinyl Chloride Market - Macro Economic Scenario
5. Global Poly-Vinyl Chloride Market Size and Growth
…………….
31. Global Poly-Vinyl Chloride Market Competitive Benchmarking
32. Global Poly-Vinyl Chloride Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Poly-Vinyl Chloride Market
34. Poly-Vinyl Chloride Market Future Outlook and Potential Analysis
35. Appendix
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