PVC Emulsion Market Report 2025

The PVC emulsion market size has grown steadily in recent years. It will grow from $3.26 billion in 2024 to $3.41 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to advancements in polymer chemistry, cost-effectiveness of PVC emulsion compounds, application in niche markets, advantages in noise reduction, stability, and durability properties.

The PVC emulsion market size is expected to see strong growth in the next few years. It will grow to $4.3 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to regulatory compliance and standards, increased focus on sustainable practices, global shift towards electric vehicles, expansion of urban mobility solutions, global events, and supply chain dynamics. Major trends in the forecast period include advancements in PVC emulsion technology, customization and design innovation, smart tire technologies, tire recycling initiatives, technological integration in manufacturing, collaborations and partnerships.

The growth of the construction sector is significantly contributing to the expansion of the PVC emulsion market in the future. The construction sector encompasses activities related to the production and trade focused on creating, maintaining, and repairing infrastructure. PVC emulsions are used in construction for coating materials, providing a barrier against oxygen, moisture, and offering anti-corrosion properties. Additionally, they are utilized in the production of false ceilings due to their flexibility, ease of bending, and lightweight characteristics. For example, in July 2024, the U.S. Census Bureau, a government agency in the U.S., reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Thus, the expansion of the construction sector is driving the growth of the PVC emulsion market.

The growing expansion of the packaging industry is anticipated to propel the PVC emulsion market forward. The packaging industry includes the sector of the economy involved in the design, production, and distribution of packaging materials and solutions used to contain, protect, and present products to consumers. PVC emulsion is preferred for its cost-effectiveness, durability, and barrier properties, making it suitable for a variety of products, including those in the consumer goods and e-commerce sectors. Its versatility and capacity to support innovative packaging designs contribute to its rising adoption. For instance, in September 2023, the Flexible Packaging Association, a U.S.-based trade association, reported that the U.S. flexible packaging industry achieved sales of $41.5 billion in 2022, highlighting the increasing demand for versatile and sustainable packaging solutions across various sectors. Therefore, the expanding packaging industry is driving the growth of the PVC emulsion market.

Product innovation stands out as a key trend gaining popularity in the PVC emulsion market. Major companies in this market are concentrating on developing innovative products to maintain their competitive positions. For example, in October 2022, Westlake Vinnolit, a Germany-based company specializing in polyvinyl chloride resins, introduced GreenVin PVC, a bio-attributed PVC based on renewable ethylene. This innovative PVC is created using renewable electricity and ethylene sourced from biomass, releasing 90% less CO2 during production compared to traditionally produced Vinnolit PVC.

Major companies operating in the PVC emulsion market are also introducing new products, such as insulated single-core wires, to sustain their positions. Insulated single-core wires are a type of electrical cable with a single conductor insulated in an external coating layer. Panasonic Holdings Corporation, a Japan-based electronics company, launched Copapro FR in September 2023. This insulated single-core wire incorporates a flame-resistant (FR) molecule in its PVC insulation, providing self-extinguishing properties when the fire source is removed. RoHS compliant and environmentally friendly, the wire offers protection against termites and rodents due to the chemical composition of its PVC insulation. With high insulation resistance meeting IS 694 specifications, COPAPRO-FR wire ensures safety and minimal leakage current while offering increased flexibility through extra annealing.

In February 2022, Sherwin-Williams, a manufacturing company based in the U.S., acquired AquaSurTech for an undisclosed sum. The purpose of this acquisition is to strengthen Sherwin-Williams' position as a leading provider of coating solutions in the building products market, especially in the rapidly growing vinyl/PVC building products sector. AquaSurTech is a manufacturing company based in Canada that specializes in the development, production, and sale of environmentally friendly coatings.

Major companies operating in the PVC emulsion market include Chemplast Sanmar Limited, Finolex Industries Limited, SCG Chemicals Co Ltd., Kaneka Corporation, Formosa Plastics Corporation, VESTOLIT GmbH & Co KG, Vinnolit GmbH & Company KG, LG Chem Ltd., RusVinyl LLC, Vinythai Public Company Limited, Nissin Chemical Industry Co Ltd., INEOS Group Limited, Solvay SA, Arkema SA, Asahi Kasei Corporation, BASF SE, Celanese Corporation, China General Plastics Corporation, Dow Chemical Company, DuPont de Nemours Inc., Eastman Chemical Company, Ercros SA, Hanwha Chemical Corporation, INOVYN ChlorVinyls Limited, KEM ONE SAS.

North America was the largest region in the PVC emulsion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the PVC emulsion market during the forecast period. The regions covered in the pvc emulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pvc emulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

PVC emulsion is a finely divided powder containing minimal amounts of free polyvinyl chloride monomer. It is widely utilized in the production of artificial leathers, toys, flooring, coatings, as well as mastics for automotive and construction applications, among others.

The primary types of PVC emulsion include micro-suspension, micro-seeded, and others. Micro-suspension involves the commercial production of PVC emulsion, wherein the polymerization of vinyl chloride is transformed into polyvinyl chloride. This type is employed in the manufacturing of toys, gloves, synthetic leather, mastics for the construction and automotive industries, as well as floor and wall coverings, among other applications. PVC emulsion finds diverse uses, including flooring and wall covering, fabric coating, synthetic leather manufacturing, automotive mastics and sealants, printing inks and adhesives, surface coating, and more.

The PVC emulsion market research report is one of a series of new reports that provides PVC emulsion market statistics, including PVC emulsion industry global market size, regional shares, competitors with a PVC emulsion market share, detailed PVC emulsion market segments, market trends and opportunities, and any further data you may need to thrive in the PVC emulsion industry. This PVC emulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The PVC emulsion market consists of sales of PVC-U unplasticized PVC), C-PVC (chlorinated PVC), PVC-O (molecular-oriented PVC) and modified PVC. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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