Asia-Pacific PVC Compound Market, By Product Type (Rigid Product, Flexible Product), Type (Non-Plasticized PVC, Plasticized PVC), Compound (Dry PVC Compound, Wet PVC Compound), Manufacturing Process (Injection Molding, Extrusion, 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), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific PVC compound Market
The Asia-Pacific PVC compound market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.9% in the forecast period of 2021 to 2028 and expected to reach USD 95,896.05 million by 2028. Recycling abilities of PVC medical devices is driving the growth of this market.
PVC compound made up from a polymerization of vinyl chloride. PVC compound products are majorly of two types, namely, rigid product and flexible product which have a wide range of application in the production of various products. Rigid PVC products have a high range of density which is mainly used in the construction activities and flexible PVC products are used in the medical devices in order to provide flexibility to the products. The demand of PVC compound is increasing due to changing scenario which leads to the increases in construction activities in both industrial as well as commercial sectors.
Increase in the usage of PVC compounds in the residential and commercial buildings is accelerating the consumption of PVC compound products which drives the market. Healthcare sector are also increasing their demand for PVC products and instruments that are generally made from flexible PVC compound which is another major advantage for the PVC compound market in the region.
However, the fluctuations in the prices of PVC effect the growth of PVC compound market, negatively. Additionally, PVC causes health and environmental concerns in the manufacturing units and this is being framed as a huge challenge for the Asia-Pacific PVC compound market.
This Asia-Pacific PVC compound market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific PVC Compound Market Scope and Market Size
Asia-Pacific PVC compound market is segmented of the basis product type, type, compound, manufacturing process, raw material and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the Asia-Pacific PVC compound market is segmented into rigid product and flexible product. In 2021, the rigid products segment is expected to dominate the Asia-Pacific PVC compound market due to healthcare and building and construction industry
- On the basis of type, the Asia-Pacific PVC compound market is segmented into non-plasticized and plasticized. In 2021, non-plasticized segment is expected to dominate the Asia-Pacific PVC compound market due to its properties such as toughness and rigidity which are used in products for different application.
- On the basis of compound, the Asia-Pacific PVC compound market is segmented into dry PVC compound and wet PVC compound. In 2021, the Dry PVC compound segment is expected to dominate the Asia-Pacific PVC compound market as dry PVC powder and pellets are used in the manufacturing of automotive spare parts.
- On the basis of manufacturing process, the Asia-Pacific PVC compound market is segmented into injection molding, extrusion and others. In 2021, injection molding segment is expected to dominate the Asia-Pacific PVC compound market due to availability of skilled labour in various manufacturing facility for the production of PVC compound for different products.
- On the basis of raw material, the Asia-Pacific PVC compound market is segmented into PVC resin, fillers, plasticizers, functional additives, lubricants, stabilizers and alloying polymers. In 2021, the PVC resins segment is expected to dominate the Asia-Pacific PVC compound market as a raw material due to more production facility for PVC resin.
- On the basis of end-user, the Asia-Pacific PVC compound market is segmented into building and construction, packaging, medical, automotive, electrical and electronic, consumer goods and others. In 2021, the building and construction is segment is expected to dominate the Asia-Pacific PVC compound market due to high rates of growth in construction sector in developing countries.
Asia-Pacific PVC Compound Market Country Level Analysis
PVC compound market is analysed and market size information is provided country, product type, type, compound, manufacturing process, raw material and end-user as referenced above.
The countries covered in the PVC compound market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific.
China dominates the Asia-Pacific PVC compound market due to the country’s usage of PVC compounds to manufacture good and export to other countries.
China dominates the PVC compound market as it is the leading manufacturer and major leaders are generating revenue from China due to increase in the application of PVC compounds in different industries. India is growing in Asia-Pacific region due to the increasing growth of the building and construction industry. Japan’s growth is increasing because of increasing demand of the flexible nature packaging product among users.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising demand of Polydimethylsiloxane Based PVC Compounds
Asia-Pacific PVC compound market also provides you with detailed market analysis for every country growth in PVC compound industry with PVC compound sales, components sales, impact of technological development in PVC compound and changes in regulatory scenarios with their support for the PVC compound market. The data is available for historic period 2010 to 2019.
Competitive Landscape and PVC compound Market Share Analysis
Asia-Pacific PVC compound market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific PVC compound market.
The major players covered in the report are Ercros S.A, 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 other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the Asia-Pacific PVC compound market.
For instance,
- In February 2019, AURORA PLASTICS LLC has established the production plant in Texas, U.S. to produce the PVC compounds with the product line of Aurora Tec. This development will help the company to increase product portfolio and increase the market share in PVC compound market in near future.
- In December 2017, FORMOSA PLASTICS CORPORATION had announced to expand the business in PVC compounds. The company set up the production plant of PVC compounds in Louisiana which will start its production in 2020. This development will help the company to earn more revenue in future.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for PVC compound through expanded model range.
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