Global PVC Compound Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The PVC Compound Market report has been segmented on the basis of type, application, and region.
Global PVC Compound Market: Overview
“The PVC Compound 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.”
Polyvinyl chloride (PVC) is the most commonly used thermoplastic material available in a variety of compounded forms to cover a wide range of hardness and flexibility applications.
PVC has good physical strength and excellent resistance to water and chemicals. PVC compounding is used to mix the resin and other additives into a homogeneous state of processing.
Global PVC Compound Market: Dynamics
Increasing demand for plastics across various industries such as construction, automotive, and electrical & electronics is a key factor expected to drive the growth of the global market over the forecast period.
Synthetic polymers such as PVC, PP, PE, PC, and PU are majorly used in various applications such as packaging, automotive components, electronic components, toys, furniture, and construction materials.
In addition, the rising adoption of plastics as the substitute for metals such as steel and aluminum for fabricating automotive components by automotive OEMs to reduce gross vehicle weight in order to improve fuel efficiency and reduce carbon emissions.
This factor is expected to further fuel the growth of the target market over the forecast period.
Moreover, the growing demand for plastics in the construction industry for various applications such as floorings, performance safety windows, doors, insulation materials, storage tanks, pipes, and cables is expected to boost the growth of the target market over the forecast period.
Further, rising consumer awareness regarding attractive interiors is resulting in increasing demand for PVC components in interior designing is another factor expected to propel the growth of the target market over the forecast period.
Additionally, increasing government investments in many projects across various sectors such as water and sanitation management, irrigation, building & construction, power, transport, retail, etc., in which PVC and CPVC play an important role is another important factor expected to support the growth of the global market over the forecast period.
However, fluctuating prices of petrochemical is a key factor expected to restrain the growth of the global market over the forecast period.
In addition, fluctuation of crude oil price is another factor expected to hamper the growth of the target market over the forecast period.
Increasing development and innovative product launches are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global PVC Compound Market: Segment Analysis
Among the type segments, the plasticized PVC segment is expected to register significant growth in terms of revenue over the forecast period.
Among the application segments, the profiles & tubes segment is expected to register significant growth over the forecast period.
Global PVC Compound Market: Regional Analysis
The market in the Asia Pacific followed by Europe is expected to dominate the global PVC compound market over the forecast period and is expected to continue its dominance over the forecast period, owing to its higher incremental value.
The market in North America 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 the Middle East, and Africa.
Global PVC Compound Market Segmentation:
Segmentation by type:
- Non-plasticized PVC
- Plasticised PVC
Segmentation by application:
- Pipe & Fitting
- Profiles & Tubes
- Wire & Cable
- Film & Sheet
Segmentation by 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
- Westlake Chemical Corporation
- Mexichem SAB
- Aurora Plastics Inc.
- BASF SE
- DowDuPont Inc.
- Coperion K-Tron Salina, Inc.
- S&E Specialty Polymers, LLC
- RTP Co
- Sojitz Corporation
- Ravago SA
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