Quick Summary:
As the world adapts to evolving lifestyles and environmental needs, the use of strong, moisture-resistant, and durable materials like Polyvinyl Chloride (PVC) is steadily growing. This thermoplastic polymer has made significant inroads into various industries including construction, packaging, and electronics because of its versatility and cost-effectiveness. With a recorded volume of nearly 42 million tonnes in the recent past, the global Polyvinyl Chloride market is steadily rising in importance and is expected to reach a projected volume of 65 million tonnes.
The market's profound presence in the Asia Pacific region, particularly, signifies a substantial elevation in demand due to the region’s burgeoning electrical and electronics sector. What's more, PVC's dominant use in the Pipes and Fittings sector reinforces its prime position on the strength of its resilient, water-resistant characteristics - factors that are key in selecting robust and long-lasting materials. With a solid increase in demand on a global scale, investing in a comprehensive market research report would equip you with pertinent insights and trends in the evolving global PVC market.
Global Polyvinyl Chloride market registered a strong demand with a volume of nearly 42 million tonnes in 2021 and is expected to grow at a CAGR of about 4.71% during the forecast period.Global Polyvinyl Chloride Market Registered a Strong Demand with a Volume of Nearly 42 Million Tonnes in 2021 and is Expected to Grow at a CAGR of About 4.71% During the Forecast Period
Polyvinyl Chloride (PVC) is a versatile and affordable thermoplastic polymer. PVC has properties like flame retardance, electrical, water & heat resistance. It can withstand pressure or damage and is light weight in nature. Owing to all these properties PVC became the choice of many construction industries in applications like fencing, window frames, flooring, railing & decking.
Increasing population and urbanization are other factors which tend to increase the demand for PVC all around the globe. Since PVC is strong and has good resistance to moisture and abrasion, thus it is an ideal material for cladding, roofing, wall covering etc. It also holds share in packaging industry (like food, medical, & other packaging), textile and transportation as it is durable, flexible, and light weight. Clear PVC film is used in medicine packaging while rigid film is used in blister packaging to protect goods from damage during transportation. It offers superior rigidity than PET thus, can maintain a proper shape and is ideally suited for making of use and throw boxes. PVC being economical than other polymers, attracts many sectors to deploy it in their production process. PVC is also resistant to chemicals thus is used in making different types of cosmetic container. The global Poly Vinyl Chloride (PVC) market is anticipated to reach 65 million tonnes by 2030.
Based on demand by region, the Asia Pacific region is dominating the Poly Vinyl Chloride (PVC) market. Rapidly expanding electrical and electronic sector is a significant driver for the growth of PVC market in Asia Pacific region. Furthermore, Asia Pacific is the most active regions in terms of innovations and production of better-quality product to meet the demand of future market, keeping in mind the cost effectiveness. According to the overall export data analysis, China is found to be the leading exporter as well as producer of Poly Vinyl Chloride (PVC).
Based on the end-user industry, the global Poly Vinyl Chloride (PVC) market is segregated into Pipe and Fittings, Profiles and Tubes, Films and Sheets, Bottles, Wires and Cables, and Other end-use industries. The largest market share of PVC goes with high proportion in Pipes and Fittings about 40% in the year 2021. The Pipes and Fittings industry is followed by end uses such as Films and Sheets. PVC is a flexible and durable polymer and shows resistance to water and abrasion which is further propelling its usage for manufacturing Films and Sheets.
Major players in the production of Global Poly Vinyl Chloride (PVC) are Xinjiang Tianchen Chemical, Xinjiang Huatai Heavy Chemical, Sinopec Qilu Petrochemical, Yibin Haifing Herui, Tianjin Dagu Chemical, Anhui Huasu Co., Erdos Chemical Group ChlorAlkali Chemical, Inner Mongolia Yili Chemical, Inner Mongolia Jilantai Salt Chemical, Tangshan Chlor Alkali, Xinjiang Zhongtai Fukang Energy, Tianjin LG DAGU, and Nanning Luzhou Chemical.
Years considered for this report:
- Historical Period: 2015- 2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2030
Objective of the Study:
- To assess the demand-supply scenario of Poly Vinyl Chloride (PVC) which covers production, demand and supply of Poly Vinyl Chloride (PVC) market in the globe.
- To analyse and forecast the market size of Poly Vinyl Chloride (PVC)
- To classify and forecast Global Poly Vinyl Chloride (PVC) market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Poly Vinyl Chloride (PVC) market in the globe.
The publisher calculated Poly Vinyl Chloride (PVC) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Poly Vinyl Chloride (PVC) across the globe. The publisher sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- Poly Vinyl Chloride (PVC) manufacturers and other stakeholders
- Organizations, forums and alliances related to Poly Vinyl Chloride (PVC) distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Poly Vinyl Chloride (PVC) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:- Market, by End-use: Pipe and Fittings, Profiles and Tubes, Films and Sheets, Bottles, Wires and Cables, and Other
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Methodology
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