Press release
Green Polyvinyl Chloride Market share, Market trends, and forecasts from 2021 to 2031
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Market Overview:
The global green polyvinyl chloride market is expected to grow steadily due to factors such as increased corporate social responsibility (CSR) activities, sustained economic growth, and rising consumer awareness regarding eco-friendly practices, leading to a shift towards sustainable products across various sectors including building & construction, packaging, automotive & transportation, among others.
The market also benefits from the surge in construction of green buildings and the capability to manufacture green PVC from renewable sources.
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Opportunities and Challenges:
The market presents significant opportunities for research and development (R&D) investments to commercialize innovative green/bio-based PVC materials efficiently.
However, challenges such as high formulation costs and the need for skilled labor in green PVC production may restrain market growth.
Impact of COVID-19:
The COVID-19 pandemic negatively affected the green PVC market, particularly due to disruptions in major end-user industries such as construction, packaging, automotive, electrical & electronics, and transportation.
However, post-pandemic recovery is evident, especially with increased demand from medical, e-commerce, and packaging sectors. Enhanced domestic supply chains and public investments are expected to further drive market growth.
Market Segmentation:
The report segments the global green PVC market based on application, end-use industry, and region.
In terms of application, the pipes segment dominated the market in 2021 and is projected to maintain its lead, while the wires and cables segment is expected to witness the fastest growth.
Building and construction emerged as the largest end-use segment in 2021 and is likely to maintain its dominance, with packaging expected to register the fastest growth.
Geographically, Asia-Pacific led the market in 2021 and is anticipated to maintain its dominance, with the highest CAGR during the forecast period. Other regions analyzed include North America, Europe, and LAMEA.
Key Players:
Leading players in the global green PVC market include Vynova Group, GERMANCARD Technologies GmbH, LG Chem Ltd., Westlake Vinnolit GmbH & Co. KG, Goldstab Organics Pvt. Ltd., GEON, Schilling Ltd., V.V. Hitech Innovations India Pvt. Ltd., Sylvin Technologies, Inc., and INEOS.
The report provides insights into the strategies adopted by these key players, including expansion, new product launches, and partnerships, to enhance their market presence.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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