Press release
Polyvinyl chloride (PVC) market is projected to reach USD 72.330 billion by 2021, growing at a CAGR of 5.30% during the forecast period
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The global polyvinyl chloride (PVC) market is projected to reach USD 72.330 billion by 2021, growing at a CAGR of 5.30% during the forecast period. In 2015, the global market was valued at USD 53.060 billion.
Polyvinyl chloride (PVC), is the third most widely produced synthetic plastic polymer. It is classified into two prime categories, namely thermoplastic resins and thermosetting resins. PVC, owing to its high tensile strength, ease of processing and blending, and flame resistant properties, is being used in numerous end-user industries such as automotive, electrical & electronics, building & construction, packaging, footwear, and others.
PVC is available in two forms, namely, flexible and rigid. The flexible PVC is used in numerous applications such as electrical cable insulation plumbing, inflatable products, medical devices, and signage. However, the rigid PVC, owing to its nature, is majorly used in profile applications in windows and doors, and construction (in the form of pipes). Additionally, the rigid PVC is also used in the manufacturing of bottles; cards such as membership cards, ID cards, and bank cards, and non-food packaging.
Market Dynamics
The market is driven by numerous factors such as usage of high-performance plastics to reduce the vehicle weight and for enhancing the fuel economy, growing demand from the construction industry in the Asia-Pacific region, and rising application in the healthcare industry and medical devices market. However, this market faces certain drawbacks, such as volatility in raw material prices, and being hazardous in nature, which may act as a hindrance for the growth of the market.
Market Segmentation
The polyvinyl chloride (PVC) market is segmented by the product type, stabilizer type, application, and end-user industry. By product type, the global polyvinyl chloride (PVC) market is sub-segmented into pipes & fittings, film & sheets, wire & cables, bottles, profiles, hose & tubing, and others. By stabilizer type, the global polyvinyl chloride (PVC) market is segmented into lead based stabilizers (Pb stabilizers), barium based stabilizers (Ba-Zn stabilizers), calcium based stabilizers (Ca-Zn stabilizers), and tin based stabilizers (Sn stabilizers). By application, the global polyvinyl chloride (PVC) market is further segmented into rigid PVC (clear rigid PVC and non-clear rigid PVC), flexible PVC (clear flexible PVC and non-clear flexible PVC), low-smoke PVC, and chlorinated PVC. By end-user industry, the global polyvinyl chloride (PVC) market is sub-segmented into building & construction, automotive, electrical & electronics, packaging, footwear, healthcare, and others.
The compounded PVC market is segmented by product type and end-user industry. By product type, the global compounded PVC market is segmented into pipes & fittings, film & sheets, wire & cables, bottles, profiles, hose & tubing, and others. By the end-user industry, the global compounded PVC market is segmented into building & construction, automotive, electrical & electronics, packaging, footwear, and others.
Geographically, the market is segmented into Asia-Pacific, Europe, North America, South America, and the Middle East & Africa. In 2015, the Asia-Pacific region dominated with a share of more than 54% of the global polyvinyl chloride (PVC) market. An improvement in the financial status of middle-class consumers and increased purchasing power, has boosted the demand for automobiles and buildings (thus leading to an increase in construction activities) in the Asia-Pacific region. This has resulted in the region being a potential market with immense opportunities.
Global PVC Market, By Region, 2015
Opportunities and Market Players Increasing usage and demand for recycled PVC, and growing demand for electric vehicles would offer numerous opportunities for the growth of the global polyvinyl chloride (PVC) market.
Some of the major companies and vendors in the market include:
Shin-Etsu Chemical Co., Ltd.
Formosa Plastics Corporation
INOVYN
Westlake Chemical Corporation
Occidental Petroleum Corporation
Axiall Corporation
Key Deliverables in the Study
Market analysis for the global polyvinyl chloride (PVC) market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global polyvinyl chloride (PVC) market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also to identify the regions that are still untapped.
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