Press release
Rise Of Construction Industry To Drive Market Growth: A Leading Driver Behind PVC Emulsion Market Expansion in 2025
PVC Emulsion
What Will the PVC Emulsion Industry Market Size Be by 2025?
In recent times, the market size for PVC emulsion has seen a stable increase. The projected value shows a rise from $3.26 billion in 2024 to $3.41 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this growth during the historic period include developments in polymer chemistry, the cost-efficiency of PVC emulsion compounds, its uses in specialty markets, and the benefits of noise reduction, stability, and durability properties.
What's the Long-Term Growth Forecast for the PVC Emulsion Market Size Through 2029?
A significant increase in the PVC emulsion market size is anticipated in the coming years. The market is projected to expand to $4.3 billion in 2029, with a compound annual growth rate (CAGR) of 5.9%. The predicted growth in the forecast period is due to factors such as regulatory compliance and standards, heightened emphasis on sustainable practices, the worldwide shift towards electric vehicles, the proliferation of urban mobility solutions, global events, and adjustments in supply chain dynamics. Key detailed trends for the forecast period include progress in PVC emulsion technology, customization and design innovation, intelligent tire technologies, initiatives for tire recycling, technological amalgamation in manufacturing, and strategic collaborations and partnerships.
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What Are the Key Growth Drivers Fueling the PVC Emulsion Market Expansion?
The PVC emulsion market's growth trajectory is being significantly influenced by the expansion within the construction sector. This sector, encompassing production and trade aimed at creating, maintaining, and repairing infrastructure, heavily relies on PVC emulsions. These substances are essential for coating construction materials to establish a barrier against oxygen, moisture, and providing anti-corrosion benefits. Furthermore, due to their advantageous characteristics such as flexibility, ease of bending and light weight, PVC emulsions are used in the manufacturing of false ceilings. A notable example from July 2024 comes from the US Census Bureau, a government body in the US, which reported an increase in the value of construction operations. This went up from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. So, it is clear that the construction sector's expansion plays a crucial role in driving the PVC emulsion market's growth.
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What Are the Key Trends Driving PVC Emulsion Market Growth?
Focusing on product innovation is a primary trend being observed in the PVC emulsion market. To maintain their market standing, major businesses in this sector are concentrating on the development of innovative offerings. Take the example of Westlake Vinnolit, a German company specializing in polyvinyl chloride resins, which in October 2022 launched GreenVin PVC. This product is a bio-attributed PVC that utilizes renewable ethylene. GreenVin bio-attributed PVC is manufactured with renewable electricity and ethylene derived from biomass. Notably, compared to the conventionally produced Vinnolit PVC, GreenVin bio-attributed PVC emits 90% less CO2 during its production process.
How Is the PVC Emulsion Market Segmented?
The PVC emulsion market covered in this report is segmented -
1) By Type: Micro Suspension, Micro Seeded, Other Types
2) By Application: Flooring And Wall Covering, Fabric Coating, Synthetic Leather Manufacturing, Automotive Mastic And Sealants, Printing Inks And Adhesives, Surface Coating, Other Applications
Subsegments:
1) By Micro Suspension: General-Purpose Micro Suspension PVC, Specialty Micro Suspension PVC
2) By Micro Seeded: High-Performance Micro Seeded PVC, Standard Micro Seeded PVC
3) By Other Types: Foam PVC Emulsion, Copolymer PVC Emulsion, Blended PVC Emulsion
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Which Companies Are Leading the Charge in PVC Emulsion Market Innovation?
Major companies operating in the PVC emulsion market include 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., INEOS Group Limited, Solvay SA, Arkema SA, Asahi Kasei Corporation, BASF SE, Celanese Corporation, China General Plastics Corporation, Dow Chemical Company, DuPont de Nemours Inc., Eastman Chemical Company, Ercros SA, Hanwha Chemical Corporation, INOVYN ChlorVinyls Limited, KEM ONE SAS
Which Regions Are Leading the Global PVC Emulsion Market in Revenue?
North America was the largest region in the PVC emulsion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the PVC emulsion market during the forecast period. The regions covered in the PVC emulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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