The Global Polyvinyl Chloride market is forecast to reach USD 91.17 Billion by 2028, according to a new report by Reports and Data. Polyvinyl chloride (PVC) can be defined as a solid plastic material, which is formed from vinyl chloride. By adding phthalates, it is made more flexible and softer. Prior to the additions of plasticizers, naturally, it is very brittle and white. It is one of the most commonly used thermoplastic polymers across the globe, which stands next to PP and PET. Some of the mentionable characteristics of PVC are resistance to environmental degradation, excellent tensile strength, particularly in rigid PVC, lightweight, high hardness, and resistance to alkalis and chemicals. The presence of these traits in PVC has resulted in its extensive application in manufacturing pipes, cable coatings, automotive & plumbing parts, and medical devices. It is mentionable here that, the online “go meal culture” and expansion of online food order services are also supporting the growth of the market wherein it is experiencing elevating demand from the food packaging sector. Furthermore, rising awareness about the importance of recyclability for the environment among consumers is also spurring the market growth as it can be easily recyclable.
Top Companies Operating in the Global Polyvinyl Chloride (PVC) Market:
BASF SE, Formosa Plastics Corporation, China National Chemical Corporation (ChemChina), Kem One SAS, INOVYN, Orbia, LG Chem, Occidental Petroleum Corporation, Xinjiang Zhongtai Chemical Co. Ltd and SABIC.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Though various supporting market factors are propelling the market growth, adverse market factors like issues of emissions from incinerating or manufacturing PVC and strict regulations associated with the use and discharge of plastics may slow down the growth of the market.
In regards to region, Asia Pacific can be seen to dominate the market. Factors like easy availability of labor, continuous development in the manufacturing sector, growth of the automotive & construction industry are supporting the growth of the market in this region.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Polyvinyl Chloride (PVC) market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Polyvinyl Chloride (PVC) market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Polyvinyl Chloride (PVC) market key players
3.2 Global Polyvinyl Chloride (PVC) size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Polyvinyl Chloride (PVC) market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Polyvinyl Chloride (PVC) Market Segmentation
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Flexible PVC
- Rigid PVC
Resources Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Fossil based PVC
- Bio-attributed PVC
Emulsion Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Bulk polymerization
- Emulsion polymerization
- Suspension polymerization
End-User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Construction
- Automotive
- Packaging
- Electrical & Electronics
- Transportation
- Healthcare
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Film & Sheets
- Pipes & Fittings
- Bottles
- Wire & Cables
- Profiles
- Pastes
- Others
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