Asia Pacific PVC Industry - Low Cost Coal and Strong Construction Sector in China Driving the DemandSummary
Polyvinyl Chloride (PVC) is one of the most widely used commodities and is preferred over other plastics due to its versatile structure, toughness, fire resistance and good thermal insulation. The major sectors that consume PVC are construction, packaging, agriculture and electrical. The strong growth in these sectors is driving the global demand for PVC. Among these sectors, construction sector is the largest globally as well as in Asia Pacific.
Asia Pacific dominates the global PVC market. In 2011, the region contributed to 62.3% of the global PVC demand. The PVC market in Asia Pacific was less affected during the economic crisis of 2009 and maintained a positive growth rate. China is the sole driver for PVC demand in Asia Pacific, overshadowing other markets with its 72.7% of the Asia Pacific PVC demand in 2011. Abundant supply of low cost coal feedstock has assisted the growth of the PVC market in China. The Chinese construction sector is the major sector that is contributing to Asia Pacific PVC demand.Scope
Reasons to buy
- Analyses the demand and production scenario of PVC industry in Asia Pacific
- Analyses the end use segments driving PVC demand
- Understand the drivers for PVC market in asia Pacific
- Formulate strategies based on the current trends in the industry