Global Polyvinyl Chloride (PVC) Market, By Product Type (Rigid PVC, Flexible PVC, Low-Smoke PVC and Chlorinated PVC), Stabilizer Type (Calcium-based Stabilizers, Lead-based Stabilizers, Tin-based Stabilizers, Barium Based Stabilizers and Others), Application (Pipes and Fittings, Film and Sheets, Wire and Cables, Bottles, Profiles, Hoses and Tubing and Others), End-User (Building and Construction, Automotive, Electrical and Electronics, Packaging, Footwear, Healthcare and Others) – Industry Trends and Forecast to 2029.
Global Polyvinyl Chloride (PVC) Market Analysis and Size
Owing to the presence of chlorine content in polyvinyl chloride, it has a fire resistance and decelerating property. As a result, it is increasingly being used in buildings and construction activities. Polyvinyl chloride is generally prepared into two categories, namely flexible and rigid polyvinyl chloride (PVC).
- Data Bridge Market Research analyses that the polyvinyl chloride (PVC) market value, which was USD 40 billion in 2021, is expected to reach the value of USD 60 billion by 2029, at a CAGR of 5.20% during the forecast period. "Building and Construction" accounts for the most prominent application segment in the polyvinyl chloride (PVC) market owing to the growing number of buildings and construction activities. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Polyvinyl Chloride (PVC) Market Definition
Polyvinyl chloride is a high strength thermoplastic that is used for numerous industrial applications. Polyvinyl chloride is naturally white in color that is manufactured by the polymerization of vinyl chloride monomer. Polyvinyl chloride is a synthetic resin with polar chlorine atoms present in the molecular structure.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product Type (Rigid PVC, Flexible PVC, Low-Smoke PVC and Chlorinated PVC), Stabilizer Type (Calcium-based Stabilizers, Lead-based Stabilizers, Tin-based Stabilizers, Barium Based Stabilizers and Others), Application (Pipes and Fittings, Film and Sheets, Wire and Cables, Bottles, Profiles, Hoses and Tubing and Others), End-User (Building and Construction, Automotive, Electrical and Electronics, Packaging, Footwear, Healthcare and Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
Avient Corporation (US), Chemplast Sanmar Limited (India), Westlake Chemical Corporation (US), Mitsubishi Chemical Corporation (Japan), SABIC (Saudi Arabia), LG Chem (South Korea), BASF SE (Germany), 3M (U.S.), Dow (U.S.), DuPont (U.S.), LSB INDUSTRIES (US), Sika AG (Switzerland), Innospec (U.S.), ADEKA CORPORATION (Japan), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), PMC Specialties Group (U.S.), Afton Chemical (U.S.), The Lubrizol Corporation (U.S.), Clariant (Switzerland), LANXESS (Germany), Mayzo, Inc. (U.S.), Solvay (Belgium), Akzo Nobel N.V. (Netherlands), Arkema (France) and Eastman Chemical Company (U.S.)
Market Dynamics of the Polyvinyl Chloride (PVC) Market Include:
- Growth and expansion influenced the market growth
Growth and expansion of all the end user verticals promoted the direct and indirect growth of this market. Surging demand for polyvinyl chloride to manufacture films and sheets, bottles, hoses, pipes and fittings, tubing, wires and cables, and profiles and others will create ample of opportunities for the market in the long run.
- Growing awareness to direct the market demand and supply
Increased awareness about the benefits of polyvinyl chloride in industrial applications is inducing increased demand and application by the small and medium scale enterprises. The rise in demand for polyvinyl chloride in consumer applications including furniture, clothing, footwear, and sportswear all around the globe is a positive sign. This in turn is bolstering the growth of the market.
- Rising research and development operations
Increased funding from federal government pertaining to the research and development proficiencies is also bolstering the growth of the market. Research and developmental operations directed towards sustainable development will ensure optimum and judicious use of resources, thereby improving the market value.
- Rise in the technological advancements
Rising technological advancements pertaining to the manufacturing technology is further inducing growth in the market value. Increasing number of technological advancements driven with a view to minimize the production costs and wastage coupled with growth in industrialization has increased the use of roofing materials for sustaining the efficiency of machinery is further ensuring a bright future for the market.
- Surge in awareness to maximize profits
Surging awareness about the properties of polyvinyl chloride is further bolstering the growth of the market. Polyvinyl chloride provides beneficial properties for industrial applications such as resistance to chemical corrosion, durability and cost-effectiveness.
Restraints/Challenges faced by the Polyvinyl Chloride (PVC) Market
- Fluctuating prices
Fluctuations or volatility in the prices of raw materials and machinery equipment is posing a major threat to the growth of the market. Further, uneven availability of raw materials at one particular location is demeaning the growth of the market. Availability of alternatives in the market at an affordable range will further derail the market growth rate.
- Health issues
Growing number of health-related hazards caused by PVC will challenge the growth rate of the market in the long run. Also, rise in environmental concerns such as carbon emission and global warming will create hindrances in the way of growth for the market. Also, unfavorable conditions arising due to the COVID-19 outbreak will impede the market growth rate.
- Norms, standards and regulations
Imposition of stringent regulations by the government on a wide range of industrial applications pertaining to the industrial activities will further slowdown the market growth rate. Lack of standardization norms and change in demand-supply spectrum owing to strengthening of regulations in Asia-Pacific region will further worsen the market situation.
This polyvinyl chloride (PVC) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyvinyl chloride (PVC) market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Polyvinyl Chloride (PVC) Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. Several countries such as China, India, Brazil and many more imposed lockdown in this face which led to the shutdown of production and manufacturing facilities. Building, construction, electrical, electronics, and automotive industries were largely affected by this pandemic which in turn had an adverse impact on the market. Also, the launch of 5G which was disrupted by the pandemic was anticipated to be a major factor responsible for the growth of the whole electronics market. Supply chain of numerous manufacturing units was adversely affected in this period leading to a major drop in the revenues and profits. However, with the increasing relaxations, a rise in import and export is significantly expected. Respective governing authorities are beginning to lift these enforced lockdowns which is a positive sign for the market.
- In January 2021, Shintech announced a capital investment of USD 1.25 billion to bolster its integrated PVC business, Shin-Etsu Chemical Co. Ltd, which will further boost the production capacity of Shintech Inc., its US subsidiary. Shintech’s PVC production capacity is expected to reach 3.62 million metric ton per year.
- In January 2021, Orbia planned to sell its PVC Unit due to demand constraints. However, the final decision on the divestment is not officially revealed.
- In October 2020, AGR resin of Xinjiang Zhongtai Chemical Fukang Energy Company successfully passed the National Standard Project Evaluation. AGR resin is a special anti-scour polyvinyl chloride resin developed due to the disadvantage of the low impact strength of universal polyvinyl chloride resin. It is a modified polyvinyl chloride resin.
- In July 2020, KEM ONE partnered with Polyloop to develop PVC recycling. This partnership will result in the combination of their skills and expertise to develop new PVC recycling solutions at the Balan site.
- In February 2020, INEOS and UPM Biofuels announced a long-term agreement to supply a renewable raw material for new and innovative bio-attributed polymers produced at INEOS Köln, Germany. The world’s first commercially available bio-attributed PVC uses the residue from wood pulp manufacturing.
Global Polyvinyl Chloride (PVC) Market Scope
The polyvinyl chloride (PVC) market is segmented on the basis of product type, stabilizer type, application, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Rigid PVC
- Flexible PVC
- Low-Smoke PVC
- Chlorinated PVC
On the basis of product type, the polyvinyl chloride (PVC) market is segmented into rigid PVC, flexible PVC, low-smoke PVC, and chlorinated PVC.
- Calcium-based Stabilizers
- Lead-based Stabilizers
- Tin-based Stabilizers
- Barium Based Stabilizers
On the basis of stabilizer type, the polyvinyl chloride (PVC) market is segmented into calcium-based stabilizers, lead-based stabilizers, tin-based stabilizers, barium based stabilizers, and others.
- Pipes and Fittings
- Film and Sheets
- Wire and Cables
- Hoses and Tubing
On the basis of application, the polyvinyl chloride (PVC) market is segmented into pipes and fittings, film and sheets, wire and cables, bottles, profiles, hoses and tubing and others.
- Building and Construction
- Electrical and Electronics
On the basis of end-user, the polyvinyl chloride (PVC) market is segmented into building and construction, automotive, electrical and electronics, packaging, footwear, healthcare and others.
Polyvinyl Chloride (PVC) Market Regional Analysis/Insights
The polyvinyl chloride (PVC) market is analyzed and market size insights and trends are provided by country, product type, stabilizer type, application, and end-user as referenced above.
The countries covered in the polyvinyl chloride (PVC) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyvinyl chloride (PVC) market and will continue to flourish its dominance during the forecast period owing to the surging number of buildings and construction activities, growth and expansion of end user verticals in this region, abundant availability of raw materials and surging growth of agricultural industry.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyvinyl Chloride (PVC) Market Share Analysis
The polyvinyl chloride (PVC) 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nitric acid market.
Some of the major players operating in the polyvinyl chloride (PVC) market are:
- Avient Corporation (US)
- Chemplast Sanmar Limited (India)
- Westlake Chemical Corporation (US)
- Mitsubishi Chemical Corporation (Japan)
- SABIC (Saudi Arabia)
- LG Chem (South Korea)
- 3M (U.S.)
- Dow (U.S.)
- DuPont (U.S.)
- LSB INDUSTRIES (US)
- Sika AG (Switzerland)
- Innospec (U.S.)
- ADEKA CORPORATION (Japan)
- Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)
- PMC Specialties Group (U.S.)
- Afton Chemical (U.S.)
- The Lubrizol Corporation (U.S.)
- Clariant (Switzerland)
- LANXESS (Germany)
- Mayzo, Inc. (U.S.)
- Solvay (Belgium)
- Akzo Nobel N.V. (Netherlands)
- Arkema (France)
- Eastman Chemical Company (U.S.)
Research Methodology : Global Polyvinyl Chloride (PVC) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-polyvinyl-chloride-pvc-market