Polyvinyl Chloride Market is to grow at a 3.7 % CAGR, with the United States leading the market through 2030

Polyvinyl Chloride Market to Hit USD 87.43 Bn by 2030

The Polyvinyl Chloride Market was USD 67.80 Bn in 2023 and is expected to expand at a CAGR of 3.7 % from 2023 to 2030, reaching USD 87.43 Bn by 2030. PVC is widely utilized in the building industry, particularly in the manufacturing of roofing, flooring, windows, pipelines, and doors. PVC pipes are lightweight, simple to install, and long-lasting, they are increasingly replacing more conventional materials like cast iron and asbestos. PVC is widely utilized in the building industry, particularly in the manufacturing of roofing, flooring, windows, pipelines, and doors. The PVC market in the United States was estimated to be worth USD 19 billion.

Discover In-Depth Insights: Get Your Free Sample of Our Latest Report Today @https://www.maximizemarketresearch.com/request-sample/23367/

Polyvinyl Chloride Market Segmentation

By Product Type: Rigid PVC is extensively utilized in the building sector for applications including pipes, doors, windows, floors, cables, and profiles. Flexible PVC is frequently utilized in the automobile sector for consumer products packaging, medical tubing, wiring, hoses, flooring, and interior trim. Low-smoke PVC is designed to emit as little smoke as possible during a fire.

By Application: Pipes and Fittings, PVC is lightweight, corrosion-resistant, and long-lasting, and it is frequently utilized in the manufacturing of pipes and fittings. Films and Sheets are used for laminated flooring and wall coverings. Wires and Cables, PVC is often used to insulate wires and cables because of its durability, flame resistance, and electrical insulation qualities.

Discover Key Insights: Request a Free Sample of Our Report Today @https://www.maximizemarketresearch.com/request-sample/23367/

Polyvinyl Chloride Market Regional Analysis

United States, in 2023, the PVC market was estimated to be worth USD 10-12 billion. It is anticipated to increase at a CAGR of about 4-6%. It is projected that 6.5-7 million metric tons of PVC are produced and used in the United States each year. In 2024, the United States imports between 1.5 and 2 million metric tons of PVC, including major imports from nations like South Korea, China, and Mexico.

The French PVC Market in 2023 is projected to be worth between USD 1.5 and USD 2 billion. The market is anticipated to increase steadily from 2023 to 2028, with a compound annual growth rate (CAGR) of around 3-5%. Approximately 1.5-2 million metric tons of PVC are produced and used each year.

The Hong Kong PVC market in 2023 is projected to be worth between $200 million and $300 million USD. Annually, Hong Kong uses between 200,000 and 300,000 metric tons of PVC. About 40-45% of Hong Kong's total PVC demand is accounted for by the building industry.

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report : https://www.maximizemarketresearch.com/market-report/global-polyvinyl-chloride-pvc-market/23367/

Polyvinyl Chloride Market Competitive Landscape

Westlake Chemical Corporation: In 2022, Boral Limited sold its North American Building Products division to Westlake Chemical for $2.15 billion. In 2021, Preferred Compounding Corporation was acquired by Westlake Chemical Corporation.

Shin-Etsu Chemical Co., Ltd. In 2021, the U.S. semiconductor business Integrated Silicon Solutions, Inc. (ISSI) was fully acquired by Shin-Etsu Chemical. This acquisition was valued around $1 billion. Shin-Etsu purchased Dow Corning's 50% stake in the joint venture Dow Corning Silicones for $4.8 billion.

Formosa Plastics Corporation: Huntsman Corporation sold some of its PVC and chlor-alkali assets to Formosa Plastics for $1.2 billion. The Polymer Group Inc. was acquired by Formosa Taffeta Co., Ltd.

Conclusion

The PVC sector is expected to continue changing as manufacturers engage in sustainable manufacturing techniques and adapt to the rising demand for eco-friendly goods, despite obstacles such as raw material price instability and environmental concerns.

Explore More Reports on Our Website :

♦ Pest Control Market : https://www.researchgate.net/publication/389777435_Pest_Control_Market_Size_to_Reach_USD_3463_Bn_by_2030_Growing_at_a_54_CAGR

♦ Waste Oil Market : https://www.researchgate.net/publication/389737714_Waste_Oil_Market_Expansion_Estimated_61_CAGR_Over_Forecast_Period

♦ Tungsten Market : https://www.researchgate.net/publication/389705468_Tungsten_Market_Dynamics_Opportunities_and_Developments_Worldwide

♦ Global Silicone Tubes Market https://www.maximizemarketresearch.com/market-report/global-silicone-tubes-market/72385/

♦ Global Nitrobenzene Market https://www.maximizemarketresearch.com/market-report/global-nitrobenzene-market/97140/

♦ Europe Robotic Lawn Mower Market https://www.maximizemarketresearch.com/market-report/europe-robotic-lawn-mower-market/21509/

♦ Industrial Cleaning Market https://www.maximizemarketresearch.com/market-report/global-industrial-cleaning-market/22822/

Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.