PVC Emulsion Global Market Report 2024

The pvc emulsion market size has grown strongly in recent years. It will grow from $3.12 billion in 2023 to $3.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth observed in the historical period can be attributed to advancements in polymer chemistry, the cost-effectiveness of PVC emulsion compounds, their application in niche markets, and the advantages offered in terms of noise reduction as well as stability and durability properties.

The pvc emulsion market size is expected to see strong growth in the next few years. It will grow to $4.01 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period can be attributed to factors such as regulatory compliance and standards, a heightened focus on sustainable practices, the global shift towards electric vehicles, the expansion of urban mobility solutions, and the impact of global events and supply chain dynamics. Key trends expected in the forecast period include advancements in PVC emulsion technology, a focus on customization and design innovation, the integration of smart tire technologies, initiatives for tire recycling, technological integration in manufacturing processes, and the fostering of collaborations and partnerships.

The substantial expansion in the construction sector is a significant contributor to the anticipated growth of the PVC emulsion market. The construction sector, encompassing activities related to the creation, maintenance, and repair of infrastructure, relies on PVC emulsions for coating construction materials. These emulsions offer a protective barrier against oxygen and moisture, providing anti-corrosion properties. Additionally, their flexibility, conducive bending, and lightweight properties make PVC emulsions valuable in the production of false ceilings. According to Zippia, an online recruitment service provider based in the US, approximately 1,337,800 new housing units were completed in 2021, representing a 4% increase from 2020. The construction of residential buildings also experienced significant growth, reaching 1,381,000 in 2020, marking a 15.08% increase from 2019. Hence, the expansion in the construction sector is a driving force behind the growth of the PVC emulsion market.

The increasing expansion of the packaging industry is poised to drive the growth of the PVC emulsion market. The packaging industry, involved in the design, production, and distribution of packaging materials, favors PVC emulsions for their affordability, durability, and barrier properties. These properties make PVC emulsions suitable for various products, particularly in consumer goods and e-commerce. The versatility of the material and its ability to support innovative packaging designs contribute to its growing adoption. According to VDMA (Verband Deutscher Maschinen- und Anlagenbau), a Germany-based trade association, the food processing and packaging machinery industry in Germany generated €14.8 billion in revenue in 2021, indicating a 7% increase compared to 2020. Thus, the increasing expansion of the packaging industry is a driving factor for 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 December 2021, Apollo Funds, a US-based fund management company, acquired Kem One Group for an undisclosed amount. This strategic acquisition will support Kem One in pursuing its growth strategy and implementing plans to modernize its production footprint with new funding. Kem One is a France-based producer of polyvinyl chloride (PVC) emulsions.

Major companies operating in the pvc emulsion market report are 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., Suzhou Zhengbang Chemical Fiber Co Ltd, Mexichem SAB, 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, Evonik Industries AG, OxyVinyls LP, Hanwha Chemical Corporation, INOVYN ChlorVinyls Limited, Kaneka Corporation, KEM ONE SAS.

North America was the largest region in the PVC emulsion market in 2023. 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.

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 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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