Polyvinyl Chloride Market - Forecast(2023 - 2028)

The global Polyvinyl Chloride (PVC) Market is estimated to be $44.8 billion in 2018 and is estimated to grow at a CAGR of 4.25%. There is a growing demand for PVC resins in end-user industry like building & construction owing to PVC’s many advantages like quality, safety and cost effectiveness. Countries like China and India in the Asia Pacific region contribute to the major share comprising half of the share in the growing global PVC Market. China is the leading producer of PVC in the Asia Pacific region in terms of volume and value because of the rise in construction industries in the country. Top exporter of PVC in the world is the USA with total exports of 2.7 million tons of PVC and it is followed by Republic of China with 1.05 million tons and Germany with 0.85 million tons of PVC. The top importer of PVC in the world is India with a total imports of 1.15 million tons of PVC and it is followed by China with 0.905 million tons and Belgium with 0.806 million imports of PVC.

Polyvinyl Chloride (PVC) is mainly available in two grades namely rigid and flexible. Flexible PVC resins are soft and can be amended than the rigid ones. This is because of the addition of plasticizers like diisononyl phthalate. Rigid PVC resins are mainly used in the production of pipes and used in the windows & doors etc. Flexible PVC resins are are commonly used in the insulation of electric wires, flooring, imitation leather, signage, phonographic record and many other applications. 

Polyvinyl Chloride (PVC) Market report comprises of pricing analysis for different types of Polyvinyl Chloride (PVC). The price of Polyvinyl Chloride (PVC) is expected at $1420 per metric ton in USA, $1110 per metric ton in China, $1220 per metric ton in Russia and $1400 per metric ton of PVC in India. 

  

Polyvinyl Chloride (PVC) Market Growth Drivers: One of the major drivers in the global Polyvinyl Chloride (PVC) Market is the growing infrastructure activities around the world. PVC is used extensively in the building & construction industry owing to its various applications in wires, pipes, windows, doors and many others.

Polyvinyl Chloride (PVC) Market Challenges: Poor thermal capability and sensitiveness to oxidative degradation properties of polyvinyl chloride resins are some of the major challenges in the usage of PVC resins in many applications and in the global Polyvinyl Chloride Market.

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Polyvinyl Chloride (PVC) market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Polyvinyl Chloride (PVC) market and their specific applications in different types of vehicles.

Grades of Polyvinyl Chloride (PVC):  Rigid and Flexible

Process of production of Polyvinyl Chloride (PVC): Suspension Polymerization, Emulsion Polymerization and Bulk Polymerization. 

Applications of Polyvinyl Chloride (PVC): Pipes & Fittings, Doors & Windows, Wires & Cables Jacketing, Electrical Cable Insulation, Medical Appliances, Flooring, Imitation Leather, Signage, Phonograph Records, Inflatable Products, Bottles, Non-Food Packaging, Cards

Polyvinyl Chloride (PVC) market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

AkzoNobel is about to start supplying the first ever emulsion based organic peroxides in the US for manufacturing of polyvinyl chloride (PVC). Rob van de Graaf, Director of Sales, America’s - Polymer Chemistry explains “Organic peroxides often decompose at very low temperatures, which can lead to combustion when not stored or handled properly. Emulsions contain water, significantly reducing the chance of combustion, and increasing the safety of transport, storage and handling. The improved safety characteristics also allow for bulk storage and fully automated handling, reducing the risk of manual operation mishaps”.

Some of the key players mentioned in this report are Pau Tai Industrial Corporation (Taiwan), hin-Etsu Chemical Co. Ltd. (Japan), Formosa Plastics Corp. (U.S.), Songwon Industrial Co. Ltd. (South Korea), Occidental Petroleum Corp. (U.S.), Solvay SA (Belgium), Ineos Group Ltd. (Switzerland), AkzoNobel N.V. (Netherlands), Clariant AG (Switzerland), Arkema SA (France), BASF SE (Germany) and Baerlocher GmbH (Germany) among others.