South America Polyvinyl Chloride (PVC) Market - Segmented by Product Type, End-user Industry, Additive, Stabilizers, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The South America PVC Market is expected to witness a CAGR of 5.24% during the forecast period, 2018 to 2023. In 2017, in terms of volume, Brazil dominated the South America PVC market, holding a share of more than 25%, owing to the rising demand for from pipes & fittings segment.
Rapid Industrialization in the region driving the PVC Market
The consumption trends of PVC in South America are expected to increase during the forecast period after a slowdown in the near past. This is predominantly due to the rapid industrialization in automotive, construction, food & beverage, and healthcare sectors. There are several factors, which are driving the market. There are several factors, which are driving the market. Some of them include: The countries in the region are undergoing significant political and economic changes, even turmoil, that will certainly impact the petrochemicals and plastics markets, including the PVC market. PVC prices were stable in Brazil and Argentina in the past years. The two countries are PVC producers. The protective government policies are shielding national industries from the import of resins from Asia or the United States. Such similar more factors are driving the South America PVC market.
Building & Construction Industry to Dominate the PVC Market
PVC is the most widely used polymer in building and construction applications. PVC is strong & lightweight, durable to weathering, rotting, chemical corrosion and abrasion, versatile, and easy to use. It can be cut, shaped, welded and joined in any style. Such characteristics make it an ideal option for many applications, such as pipes, windows, flooring, and roofing. PVC pipes have been used in building and construction for over 60 years as PVC offers valuable energy savings during production, low cost distribution and a safe, maintenance-free lifetime of service. These pipes are widely used for pipeline systems for water, waste and drainage as these pipes suffer no build-up, scaling, corrosion or pitting and they provide smooth surfaces reducing the energy requirements for pumping. The infrastructure & construction industry is expected to grow during the next five years, owing to the investment in public infrastructure, renewable and nuclear energy, commercial and industrial projects, and improvements in consumer and investor confidence. This is likely to boost the PVC market.
Brazil to Dominate the Market
Brazil has been facing economic and political crisis for decades, which affected the growth and caused a lack of funds to cover investment requirements. The political instability, high inflation rate, low prices of export of goods and depressed confidence level has caused a contraction of the Brazilian economy. Construction of new hotels, coupled with extension of the existing hotels, is likely to boost commercial construction in Brazil. With the positive growth of the construction industry, the PVC market is expected to grow during the forecast period.
Major Players: Braskem S.A., Pequiven, Unipar Carbocloro, PVC Tecnocom, Mexichem, Coperion GmbH, among others.
Reasons to Purchase the Report
Current and future of PVC market in the region
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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