Ercros S.A, Formosa Plastics Corporation and NAN YA PLASTICS CORPORATION are Dominating the market for Asia-Pacific PVC Compound Market in 2021

Asia-Pacific PVC Compound Market is expected to grow with the CAGR of 4.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Asia-Pacific PVC compound market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in Asia-Pacific PVC compound market are introducing strong range of product portfolio. This helped company to maximize the sales with enhanced product portfolio.

For instance,

• In March 2018, Ercros S.A have decided to increase the production capacity. The new production plant is opened in Vila- seca for the production of chlorine and PVC compounds. It will help the company to expand its product portfolio and increase its customer base

Ercros S.A is the dominating player in Asia-Pacific PVC compound market. The other key players existing in the market includes Formosa Plastics Corporation, NAN YA PLASTICS CORPORATION, SCG Chemicals Co., Ltd., Shin-Etsu Chemical Co., Ltd., AMERICHEM, Création Agence B-WONDER, Dörken GmbH & Co. KG, INEOS, Mitsubishi Chemical Corporation, Orbia, RIKEN TECHNOS CORP, RTP Company, Shenzhen Hengfangda Polymer Material Technology Co., Ltd., Showa Kasei Kogyo Co., Ltd., Tekni-Plex, Teknor Apex, The Hexpol group of companies, Vinacompound Co. Ltd., Westlake Chemical Corporation, Wofoo Plastics Limited, Yangzhou Kaier Chemical Co., Ltd., and zhonglianChemicals among others.

Ercros S.A

Ercros S.A is headquartered in Barcelona, Spain which was founded in 1989. The company is engaged in manufacturing of various products The Company is engaged in manufacturing of intermediate chemicals, derivatives and pharmaceuticals. The company business segments and product categories are chlorine derivatives division, intermediate chemicals division, and pharmaceuticals division. The focused business segment and focused market category is chlorine derivatives division.

For instance,

• In March 2018, Ercros S.A had decided to increase the production capacity of chlorine and soda plant located at Vila-seca I factory, Barcelona. The expansion helped in development of the caustic soda and PVC markets of the company thus generating a huge amount of revenue in the PVC compound market.

The company has wide Asia-Pacific presence across Asia-Pacific, Europe, Saudi & GCC, U.S., and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Derivados Forestales SA (Spain) and Agrocros S.A. (Spain) among others.

Formosa Plastics Corporation

Formosa Plastics Corporation is headquartered in Taiwan, China which was founded in 1954. The company is engaged in producing PVC resins, VCM, caustic soda, hydrochloric acid, MBS, HDPE, EVA/LDPE and LLDPE. The company has business segments which are plastic division, polypropylene division, polyolefin division, tairylan division, chemistry division and others Divisions among which plastic division is market focused segment. The company product categories are plastic, chemicals, fiber materials, electronics and others but the market focused segment is plastics.

For instance,

• In December 2017, Formosa Plastics Corporation had announced to expand the PVC production in Louisiana and plant will be started in 2020. This helps the company to increase the share in the PVC industry.

The company has presence in Asia-Pacific and Germany. In addition to it, the company also generates its revenue from the various subsidiary companies such as Formosa Petrochemical Corporation (U.S.), Formosa Plastics Corp., U.S.A (U.S.), Formosa Heavy Industries Corp (Taiwan), and Formosa Sumco Technology Corp. (Taiwan) among others.

NAN YA PLASTICS CORPORATION

NAN YA PLASTICS CORPORATION is headquartered in Kaohsiung, Taiwan. The company is engaged in manufacturing of plastic products and chemicals among others products. The company offers wide range of business segment and product categories are plastics product, plastics material, electronic materials, polyester product and other department. The major business segment and market focused category is plastics product.

The company has presence in Asia-Pacific, North America, South America, Asia-Pacific and Africa.