INEOS, Westlake Corporation and Formosa Plastics Corporation dominated the Global Plasticized Polyvinyl Chloride (PVC) Compound Market in 2021

Global Plasticized Polyvinyl Chloride (PVC) Compound Market is expected to grow with a CAGR of 4.6% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Global plasticized polyvinyl chloride (PVC) compound market is a highly consolidated market, which includes a specific number of key players and local players. The market has witnessed increased strategic developments owing to a favourable market scenario.

The major players operating in the global plasticized polyvinyl chloride (PVC) compound market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In January 2022, Westlake launched GreenVin Polyvinyl Chloride (PVC), a lower-carbon alternative PVC. It is launched by one of its subsidiaries, Vinnolit subsidiary in Germany. It is mostly used in the construction, automotive and medical sectors. This will help the company to increase its product portfolio.

INEOS

INEOS is headquartered in London, the U.K, and as public ownership, it was founded in 1998. The company is engaged in manufacturing petrochemicals, speciality chemicals and oil products. The company has several business segments: Olefins & Polymers Europe, Olefins & Polymers North America, and Chemical Intermediates, out of which Olefins & Polymers Europe, Olefins & Polymers North America, and Chemical Intermediates are focused business segments. The company has product categories: PVC Dryblend Compounds, Rigid PVC Granulate, Plasticised PVC Granulate, Speciality PVC Compounds, Ecoblend PVC Compounds, and Resysta, out of which Plasticised PVC Granulate is a market-focused category. The company has a wide global presence in North America, South America, Europe and Asia-Pacific. The company has subsidiaries: Belstaff (Switzerland), INEOS Upstream Limited (U.K.) INEOS Phenol GmbH (Germany), INEOS Manufacturing (Hull) Limited (India), INEOS Investments (Jersey) Limited (U.S.), among others.

For instance,

  • In September 2018, INEOS Company expanded its business by setting up a production plant in Belgium to produce PVC. This development will help the company gain more market share in the PVC compound market.

Westlake Corporation

Westlake Corporation is headquartered in Texas, U.S., like public ownership and was founded in 1986. The company is engaged in manufacturing petrochemicals, plastics and building products. The company has several business segments: Performance and Essential Materials, Housing and Infrastructure Products, and Performance and Essential Materials, Housing and Infrastructure Products are focused business segments. The company offers a wide range of product categories such as Building Products, Caustic Soda, Chlorine & Derivatives, Compounds, Dimex, Epoxy, Olefins, Pipe & Fittings, Polyethylene, PVC & VCM, Water Treatment, Safety Data Sheets, Quality, Housing & Infrastructure Products, Performance & Essential Materials out of which PVC & VCM is a market-focused category. The company has a presence in Asia, Europe, and North America. The company have several subsidiaries, which are Royal Building Products (Canada), Axiall (U.S.), Vinnolit (Germany), WESTECH BUILDING PRODUCTS INC (Canada), Eagle U.S. 2 LLC (U.S.), WESTLAKE MANAGEMENT SERVICES INC (U.S.), WESTLAKE VINYLS INC (U.S.), Westlake Polymers LLC (U.S.), GEISMAR VINYLS CO LP (U.S.), Westlake Styrene LLC (U.S.) among others.

For instance,

  • In January 2022, Westlake launched GreenVin Polyvinyl Chloride (PVC), a lower-carbon alternative PVC. It is launched by one of its subsidiaries, Vinnolit subsidiary in Germany. It is mostly used in the construction, automotive and medical sectors. This will help the company to increase its product portfolio.

Polyvinyl Chloride (PVC) Compound Market

Formosa Plastics Corporation

Formosa Plastics Corporation is headquartered in Taiwan, China, as public ownership and was founded in 1954. The company produces PVC resins, VCM, caustic soda, hydrochloric acid, MBS, HDPE, EVA/LDPE and LLDPE. The company have product categories which are Chlor-Alkali, Polyethylene, Polypropylene, Suspension PVC, and Specialty PVC, out of which Suspension PVC is a market-focused category. The company has a wide global presence across the Asia-Pacific, Germany. The company have subsidiaries which are Formosa Petrochemical Corporation (U.S.), Formosa Plastics Corp., USA (U.S.), Formosa Heavy Industries Corp (Taiwan), Formosa Sumco Technology Corp. (Taiwan), among others.