Synthetic and Bio Polyvinyl Chloride (PVC) Market Report and Industry Outlook, 2016 – 2023

The Research Report on “Synthetic and Bio Polyvinyl Chloride (PVC) Market Size, Potential Industry Outlook Report, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Price Trends, Application Development, Competitive Landscape & Forecast, 2016 - 2023”, Global polyvinyl chloride (PVC) market size was estimated at over 38 million tons in 2015 and is likely to reach more than 58 million tons by 2023, with CAGR gains of over 5%. Polyvinyl chloride market revenue is anticipated to exceed USD 80 million by 2023.

Electrical & electronics application is likely to be the fastest growing, with an estimated CAGR of over 5.2% up to 2023. Growth of Taiwan & Chinese electronics industry is anticipated to favor high growth rates for this particular application.

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Rapid urbanization has resulted growth in construction spending particularly in Asia Pacific. It is used in applications such as windows, tubes, pipes, cables & wires and fittings. Characteristics such as strong, durable, versatile and lightweight characteristics make it ideal for use in window profiles. It can be used for different effects and colors and are often used as an alternative to wood frames. British construction regulatory bodies such as The Building Research Establishment (BRE), Green Guide to Specification and The British Fenestration Ratings Council (BFRC) have recognized it for window frame applications in residential and commercial buildings.

Automobile industry is witnessed to grow in Thailand, Indonesia, China, South Korea and India. Key uses include interior door panel & pocket, instrument panels, seat & floor coverings, sun visors, mud flaps, anti-stone damage protection and protective strips.

They are also used in applications such as healthcare, sports and packaging. Flexible PVC is used to manufacture blood storage bags which can store blood longer and safer. Healthcare application also utilizes it to make artificial skins, containers, endotaracheal tubing, surgical & examination gloves and inhalation masks.

A plant of 120 kilo tons per year of bio PVC capacity was envisioned with keeping in mind Latin America as the initial target market. However, due to the recent announcement of rise of bio polyethylene costs by Braskem gave rise to uncertainty of the project initiation.

Metabolix has developed renewable based modifier based on bio PHA (polyhydroxyalkanoate) copolymers offering enhanced processing and toughening. Companies such as BioVinyl, Galata Chemicals and Tcknor Apex Co. have developed plasticizers which are phthalate free based on renewable content. Application development and competent pricing will be critical to bio PVC market prenetration.

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Global PVC market share is fragmented and is characterized by the presence of domestic and multinational companies across the value chain. Key companies include BASF, Formosa Plastics, Solvay, Arkema S.A and LC Chem. Other prominent companies include Axiall Corp, Shin-Etsu Chemical Co., Georgia Gulf Corp, Ineos Chlorvinyls Ltd., Sinopec group and KEM One.

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https://www.gminsights.com/industry-analysis/synthetic-and-bio-polyurethane-pu-market

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