Global Polyvinyl Chloride Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Polyvinyl Chloride Market Overview:
“The global Polyvinyl Chloride Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Polyvinyl chloride (PVC) is also known as polychloroethylene, is a white, brittle solid. Polyvinyl chloride is a synthetic plastic polymer is produced by polymerization of vinyl chloride monomer and is the most widely used after polyethylene and polypropylene. It mainly has two forms i.e., rigid and flexible. Rigid PVC is used for development of pipes, furniture, bottles, cards, etc. whereas flexible PVC is used in electrical cable insulation and other products replacing rubber.
Rising demand for polyvinyl chloride from various end-use industries particularly from the construction sector is a key factor driving growth of the global polyvinyl chloride market. In addition, increasing adoption of polyvinyl chloride in automotive industry and for production of plastic sheets and films are other factors expected to fuel growth of the global market over the forecast period.
However, substitute of polyvinyl chloride pipes is a major factor challenging growth of the global polyvinyl chloride market. Prohibition on use of polyvinyl chloride in construction of eco-friendly and smart homes is another factor hampering growth of the target market. Moreover, stringent environmental regulations on disposal of plastics, and availability of alternatives are other factors expected to hinder growth of the target market over the forecast period.
Increasing demand for consumer products such as footwear, sportswear, etc. is an opportunity expected to drive growth of the global polyvinyl chloride market to a certain extent.
The Asia Pacific polyvinyl chloride market is expected to witness highest growth in terms of revenue in the global market and is projected to register a CAGR of XX.X% over the next 10 years. This is attributed to increasing adoption of polyvinyl chloride from end-use industries such as construction and automotive in emerging economies such as China, and India. The Europe market accounts for significant share in the global polyvinyl chloride market in terms of revenue and is expected to witness significant growth over the forecast period. The North America polyvinyl chloride market is expected to witness moderate growth and is expected to register a CAGR of X.X% over the forecast period, followed by Latin America and Middle East and Africa.
Global polyvinyl chloride market segmentation:
Segmentation on the basis of end-use industry:
- Electrical & Electronics
- Others (healthcare, footwear, and transportation)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Shin-Etsu Chemical Co., Ltd.
- Formosa Plastics Corporation, U.S.A.
- Occidental Petroleum Corporation
- INEOS Group Ltd.
- Solvay S.A.
- Westlake Chemical Corporation
- Mexichem S.A.B. de C.V.
- Vinnolit GmbH & Co. KG
- Xinjiang Zhongtai Chemical Co., Ltd.
- PolyOne Corporation
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