Formosa Plastics Corporation, INEOS and Shin-Etsu Chemical Co., Ltd. are Dominating the North America PVC Compound Market in 2019

North America PVC Compound Market is expected to grow with the CAGR of 2.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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North America 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 North America PVC compound market are introducing strong range of product portfolio provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the PVC compound market. This helped companies to maximize the sales with enhanced product portfolio. For instance, In December 2019, The Hexpol group of companies announced the launch of high-performance cable compounds made up of high quality PVC. Through this launch, the company aims to expand its product portfolio in the market.

Formosa Plastics Corporation is the dominating player in North America PVC compound market. The other key players existing in the market includes Création Agence B-WONDER, Aurora Plastics LLC, Dörken GmbH & Co. KG, Westlake Chemical Corporation, Rainmaker Polymers LLC, Orbia, Teknor Apex, INEOS, OTECH CORPORATION, GEON Performance Solutions, Americhem, Tekni-Plex, Roscom Inc., RTP Company, Manner Polymers, PCW GmbH, The Hexpol group of companies, NAN YA PLASTICS CORPORATION, RIKEN TECHNOS CORP, Mitsubishi Chemical Corporation, and Shin-Etsu Chemical Co., Ltd. among others.

Formosa Plastics Corporation:

Formosa Plastics Corporation headquartered in Taiwan, China 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 deals in various business segments such as plastic division, polypropylene division, polyolefin division, tairylan division, chemistry division, and others divisions among which the market focused segment is plastic division. The products offered by the company falls under various categories such as plastics, chemicals, fiber materials, electronics, and others among which the market focused category 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 wide presence across the globe in Asia-Pacific, Germany, and the U.S. The company generates revenue through various subsidiary companies such as Formosa Petrochemical Corporation (U.S.), Formosa Plastics Corp., U.S.A (U.S.), Formosa Heavy Industries Corp (Taiwan), Formosa Sumco Technology Corp. (Taiwan) among others.

INEOS:

INEOS headquartered in London, U.K. was founded in 1998. The company is engaged in manufacturing of petrochemicals, specialty chemicals and oil products. The company deals in various business segments such as oil & petroleum, and chemical intermediates in which the market focused segment is chemical intermediates. The products offered by the company falls under various categories such as petrochemicals, oil & gas, and automotive among which the market focused category is petrochemicals.

For instance,

• In September 2019, INEOS company has announced the completion of the acquisition of the entire composite business from Ashland Global Holdings Inc. The purchase also includes a German BDO facility. The firm aims to produce the variety of gel coats and reinforced plastic (RP) with corrosion resistant fiberglass. The BDO plant creates key intermediates for high performance polyesters and polyurethanes and is run by the company INEOS Solvents.

The company has wide presence in North America, South America, Europe and Asia-Pacific. The company generates revenue through various subsidiary companies such as Belstaff (Switzerland), INEOS Upstream Limited (U.K.) INEOS Phenol GmbH (Germany), INEOS Manufacturing (Hull) Limited (India), INEOS Investments (Jersey) Limited (U.S.) among others.

Shin-Etsu Chemical Co., Ltd.:

Shin-Etsu Chemical Co., Ltd. headquartered in Tokyo, Japan was founded in 1926. The company is engaged in manufacturing of chemical products such as PVC, PV fertilizers among other products. The company deals in various business segments such as PVC/chlor-alkali business, semiconductor silicon business, silicones business, electronics & functional materials business, specialty chemicals, processing, and trading & specialized services business among which the market focused segment is PVC/chlor-alkali business. The products offered by the company falls under various categories such as PVC/chlor-alkali business, semiconductor silicon business, silicones business, electronics & functional materials business, specialty chemicals, processing, and trading & specialized services business among which the market focused category is PVC/chlor-alkali business.

For instance,

• In July 2018, Shin-Etsu Chemical Co., Ltd. announced the expansion of production plant of polyvinyl chloride (PVC) from salt in Plaquemine, Louisiana by the investment of USD 1.90 billion. Through this expansion, the company aims to expand its product portfolio in the market.

The company has wide presence in Americas, Europe, and Asia-Oceania. The company generates revenue through various subsidiary companies such as Shin-Etsu MicroSi, Inc.(U.S.), Shin-Etsu Silicones of America, Inc. (U.S.), Shin-Etsu Handotai Europe, Ltd.(U.K.), Shin-Etsu International Europe B.V. (Netherlands), Shin-Etsu Polymer Europe B.V.(Netherlands) among others.