Global Polyvinyl Chloride (PVC) Market
POLYVINYL CHLORIDE MARKET
The global Polyvinyl Chloride (PVC) market is expected to be valued at USD XX million in 2017 and likely to reach USD XX million in 2022, projecting an estimated CAGR of XX% during 2017-2022 (henceforth, referred to as the forecast period). The demand for polyvinyl chloride (PVC) market is rising, owing to the increasing usage of and demand for high performance plastics. PVC reduce weight and enhance fuel economy of vehicles, thereby, consistently increasing their applications in the medical sector.
The building & construction industry has a dominant market share in the Polyvinyl Chloride (PVC) market. The continually increasing population, combined with the growing purchasing power of middle-class population in developing economies (such as India, South Korea and ASEAN Countries), has boosted the demand for infrastructural projects,(such as recreational centers, shopping malls, sophisticated health care centers, high-rise buildings (to cater the needs of high population in small areas), housing complexes, etc.). The demand has led to an increase in consumption of PVC in the building & construction industry, in different forms. The usage of PVC is also increasing in others industries, such as automotive, medical, footwear, packaging, etc.
One of the major drivers propelling the PVC demand, is the accelerating usage of high performance plastics to improve the fuel economy, thereby reducing the overall weight of the vehicles. With the enactment of stringent corporate average fuel economy (CAFÉ) standards, combined with the aim of reducing exhaust or carbon emissions, the automobile manufacturers are focusing on developing light-weight vehicles that can incorporate high-performance plastics and light-weight materials, such as PVC, thereby propelling the market’s growth.
AREAS WHERE SCOPE OF POLYVINYL CHLORIDE (PVC) IS RISING
In terms of consumption, Asia-Pacific accounted for a significant market size (in USD million). During the forecast period, the region is projected to register an estimated CAGR of XX%, the fastest among the North America, Europe, South America and Middle East & Africa. In Asia-Pacific, the major demand for polyvinyl chloride (PVC) comes from the building & construction segment, as the construction industry (in countries such as China, India, South Korea, few ASEAN Countries etc.), is growing at a fast pace, owing to the rise in infrastructural projects in these countries. Additionally, the demand and usage of PVC is also increasing in the medical sector with applications, such as in the manufacturing of medical devices like blood containers. By application type, PVC has been segmented into rigid, flexible, low smoke, and chlorinated PVC.
Source: Mordor Intelligence Analysis
NOTABLE DEVELOPMENTS IN THE MARKET
In May 2017, Clariant and Huntsman have signed a definitive agreement to form merger of equals, HuntsmanClariant, which will be a leading global specialty chemical company
In March 2016, PVC operations of the German firm- Rehau and Tönsmeier Kunststoffe GmbH & Co. KG , had agreed to be merged under a new joint venture named as Dekura GmbH
In March 2016, Solvay exited from the joint venture with INEOS Chemicals that was named as INOVYN
Why purchase our Global Polyvinyl Chloride (PVC) Market Report?
Will the increasing demand for light weight and fuel efficient vehicles, help in the growth of the Polyvinyl Chloride (PVC) market?
Know about: The latest technological advancements in the manufacture of Polyvinyl Chloride (PVC)
How will environmental regulations affect the polyvinyl chloride (PVC) market?
Analysis of various perspectives of the market using Porter’s five forces analysis
Which application type of polyvinyl chloride will dominate the market?
What is the growth of compounded PVC and which end user industry and product type will dominate the market?
What will be the market and growth opportunities for recycled and bio-based PVC?
Which regions will witness the fastest growth during the forecast period?
Identify the latest developments, market shares and strategies employed by the major market players, such as:
Huntsman International LLC
Dow Chemical Company
Formosa Plastics Corporation