The polyvinyl chloride (PVC) compound market presents a range of products, including rigid and flexible types. Rigid PVC products find applications in construction, while Flexible PVC is versatile in areas such as healthcare and automotive. These PVC compounds also come in two primary types: Non-plasticized (unplasticized) PVC, known for its stiffness and weather resistance, and plasticized PVC, with added plasticizers for flexibility. Advancements in PVC compound formulations, improved plasticization techniques, and sustainable practices are driving innovation and expanding their use across various industries.
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Data Bridge Market Research analyses that the Europe Polyvinyl Chloride (PVC) Compound Market was valued at USD 14,673.92 million in 2021 and is expected to reach USD 18,733.35 million by 2029, registering a CAGR of 3.10% during the forecast period of 2022-2029. The driver for the polyvinyl chloride (PVC) compound market is the robust demand within the construction sector. Due to their durability and cost-effective solutions for building needs, PVC compounds have extensive use in construction applications, particularly in pipes, fittings, and profiles.
Key Findings of the Study
Construction industry is expected to drive the market's growth rate
The robust demand in the construction industry primarily drives the polyvinyl chloride (PVC) compound market. PVC compounds are highly sought for their use in constructing pipes, fittings, and profiles. Their exceptional durability, cost-effectiveness, and resistance to environmental factors make them indispensable in construction projects. The consistent demand from this sector fuels market growth as it relies on PVC compounds for essential components, contributing to the market's stability and prominence in the industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Rigid Product, Flexible Product), Type (Non-Plasticized PVC, Plasticized PVC), Compound (Dry PVC Compound, Wet PVC Compound), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Pipe and Fitting, Profiles and Tubes, Wire and Cable, Film and Sheet, Others), Raw Material (PVC Resin, Plasticizers, Stabilizers, Lubricants, Fillers, Functional Additives, Alloying Polymers), End User (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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Market Players Covered
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The Lubrizol Corporation (U.S.), Clariant (Switzerland), Avient Corporation (U.S.), LG Chem (South Korea), BASF SE (Germany), 3M (U.S.), Dow (U.S.), DuPont (U.S.), LSB INDUSTRIES (U.S.), Sika AG (Switzerland), Innospec (U.S.), ADEKA CORPORATION (Japan), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), PMC Specialties Group (U.S.), Chemplast Sanmar Limited (India), Westlake Chemical Corporation (U.S.), Mitsubishi Chemical Corporation (Japan), SABIC (Saudi Arabia), Afton Chemical (U.S.), LANXESS (Germany), Mayzo, Inc. (U.S.), Solvay (Belgium), Akzo Nobel N.V. (Netherlands), Arkema (France) and Eastman Chemical Company (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe polyvinyl chloride (PVC) compound market is segmented on the basis of product, type, compound, manufacturing process, application, raw material, and end user.
- On the basis of product, the Europe polyvinyl chloride (PVC) compound market is segmented into rigid product, and flexible product.
- On the basis of type, the Europe polyvinyl chloride (PVC) compound market is segmented into non-plasticized PVC, and plasticized PVC.
- On the basis of compound, the Europe polyvinyl chloride (PVC) compound market is segmented into dry PVC compound, and wet PVC compound.
- On the basis of manufacturing process, the Europe polyvinyl chloride (PVC) compound market is segmented into injection molding, extrusion, and others.
- On the basis of application, the Europe polyvinyl chloride (PVC) compound market is segmented into pipe and fitting, profiles and tubes, wire and cable, film and sheet, and others.
- On the basis of raw material, the Europe polyvinyl chloride (PVC) compound market is segmented into PVC resin, plasticizers, stabilizers, lubricants, fillers, functional additives, and alloying polymers.
- On the basis of end user, the Europe polyvinyl chloride (PVC) compound market is segmented into medical, building and construction, packaging, automotive, consumer goods, electrical and electronics, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Europe polyvinyl chloride (PVC) compound market players in Europe polyvinyl chloride (PVC) compound market are The Lubrizol Corporation (U.S.), Clariant (Switzerland), Avient Corporation (U.S.), LG Chem (South Korea), BASF SE (Germany), 3M (U.S.), Dow (U.S.), DuPont (U.S.), LSB INDUSTRIES (U.S.), Sika AG (Switzerland), Innospec (U.S.), ADEKA CORPORATION (Japan).
Market Developments
- In October 2022, Westlake Vinnolit introduced "GreenVin," an innovative bio-based PVC product derived from cooking oil. This development is a part of their sustainability initiative aimed at minimizing carbon footprints and advancing renewable energy sources. "GreenVin" represents a significant step toward greener and more environmentally friendly PVC production, aligning with the global shift toward sustainable and renewable materials.
- In August 2022, PVC Group, an investment subsidiary of Investindustrial Growth, began divesting its stake in Benvic Compounds, a PVC manufacturing company. This decision comes after a four-year collaboration. PVC Group aims to part ways with its investment, marking a strategic move in its portfolio management. This move may signify the end of their partnership and a shift in the company's investment priorities.
- In November 2021, Westlake Chemical Corporation's subsidiary, Vinnolit, launched GreenVinTM Polyvinyl Chloride (PVC) in Germany. This innovative, eco-friendly PVC offers a lower-carbon alternative, primarily utilized in the building, medical, and automotive sectors. Following the earlier release of GreenVinTM caustic soda, the company anticipates expanding its product line to include hydrogen and vinyl chloride offerings. Caustic soda is pivotal in producing various items, including construction materials, water treatment products, pharmaceuticals, pulp & paper, and detergents.
Regional Analysis
Geographically, the countries covered in the Europe polyvinyl chloride (PVC) compound market report are, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant region in the Europe polyvinyl chloride (PVC) compound market during the forecast period 2022-2029
Germany dominates the European polyvinyl chloride (PVC) compound market. It is a leader in PVC compound manufacturing and is actively expanding its business while raising customer awareness. The country's expertise and growing presence within the market, especially during the forecast period from 2022 to 2029, position it as a dominant force in PVC compound production and utilization across the European region.
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