Middle East and Africa Polyvinyl Chloride (PVC) Compound Market, By Product Type (Rigid Product and Flexible Product), Type (Non-Plasticized PVC and Plasticized PVC), Compound (Dry PVC Compound and Wet PVC Compound), Manufacturing Process (Injection Molding, Extrusion and 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 and Others) – Industry Trends and Forecast to 2029.
Middle East and Africa Polyvinyl Chloride (PVC) Compound Market Analysis and Size
The market for polyvinyl chloride (PVC) compounds is experiencing increased innovation as well as expansion strategies, for instance, Shintech Inc., is constructing a new PVC facility in Plaquemine, Louisiana (US). This initiative started in 2018 and will significantly boost the company's production capacity. Long-term alternatives to PVC will be the focus of innovation. As a result of these determinants, the market is expected to grow favorably over the forecast period.
Data Bridge Market Research analyses that the polyvinyl chloride (PVC) compound market was growing at a value of 8.32 Billion in 2021 and is expected to reach the value of USD 11.30 Billion by 2029, at a CAGR of 3.9% during the forecast period. 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.
Middle East and Africa Polyvinyl Chloride (PVC) Compound Market Scope and 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 Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Rigid Product and Flexible Product), Type (Non-Plasticized PVC and Plasticized PVC), Compound (Dry PVC Compound and Wet PVC Compound), Manufacturing Process (Injection Molding, Extrusion and 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 and Others)
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Countries Covered
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U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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3M (U.S.), XPEL, Inc. (U.S.), Dow (U.S.), Eastman Chemical Company (U.S.), Hexis S.A.S (France), PremiumShield (U.S.), STEK-USA (U.S.), Reflek Technologies Corporation (U.S.), GRAFITYP (Belgium), ORAFOL Europe GmbH (Germany), DuPont (U.S.), DAIKIN (Japan), Optic Shield (Czechia), Solvay (Belgium), SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (U.S.), Saint-Gobain (France) and Avery Dennison Corporation (U.S.)
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Opportunities
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Market Definition
PVC (polyvinyl chloride) is an amorphous chemical that contains polar chlorine atoms. Because of the chlorine content, PVC has a long-lasting fire retardant property. When we examine the structure of PVC, we can see that every carbon chain in it is bonded to a chlorine atom, making the compound resistant to oxidation reactions and allowing it to maintain its performance over time, improving its durability.
Middle East and Africa Polyvinyl Chloride (PVC) Compound Market Dynamics
Drivers
- High application among various end user industries
The increasing utilization of polyvinyl chloride (PVC) compounds across various end user industries is expected to pave the way for market growth. During the forecast period of 2022 to 2029, the rising demand for food packaging in developing countries is expected to drive the growth of the polyvinyl chloride (PVC) compounds market. Furthermore, increased polyvinyl chloride (PVC) compound used in residential and commercial structures is expected to drive market growth.
- Expansion of business procedures
The increase in the business expansion will accelerate the growth rate of the polyvinyl chloride (PVC) compounds market. Furthermore, rising disposable income in developing countries will drive market value growth. The expansion of end use is also expected to support market growth. Furthermore, because PVC blood bags have a long shelf life and are durable, the increasing number of emergency department visits and the resulting increase in blood donation requirements are expected to have an impact on material adoption.
Opportunities
- Emerging economies
The emergence of PVC as a favorable packaging material due to its high durability and barrier protection and the consumption of packaged products provides profitable opportunities to market players from 2022 to 2029. Furthermore, the untapped potential in developing markets will propel the polyvinyl chloride (PVC) compounds market forward.
Restraints
- Restrictions and prohibitions
The market's expansion is hampered by issues such as the prohibition of PVC in green building construction and fierce competition from steel and concrete pipes. With the increasing number of restrictions imposed around the world as a result of the pandemic, demand and supply have taken a hit. This factor will pressure the polyvinyl chloride (PVC) compound market growth rate.
This polyvinyl chloride (PVC) compound market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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) compound market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Middle East and Africa Polyvinyl Chloride (PVC) Compound Market Dynamics
The recent coronavirus outbreak impacted the polyvinyl chloride (PVC) compound market. As a result of the pandemic scenario, the governments of several countries imposed restrictions. It is well known that the demand for polyvinyl chloride increases in direct proportion to the increase in GDP (PVC). The epidemic has a negative impact on many industries that rely heavily on PVC, such as construction, electrical, electronics, and automotive. Furthermore, the pandemic disrupted the rollout of 5G, which was expected to be a major driver driving the growth of the entire electronics industry, which in turn drives the expansion of the polyvinyl chloride (PVC) industry.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Middle East and Africa Polyvinyl Chloride (PVC) Compound Market Scope
The polyvinyl chloride (PVC) compound market is segmented on the basis of product type, type, and compound, manufacturing process, raw material 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.
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
- Electronics
- Others
Polyvinyl Chloride (PVC) Compound Market Regional Analysis/Insights
The polyvinyl chloride (PVC) compound market is analyzed and market size insights and trends are provided by country, product type, type, and compound, manufacturing process, raw material and end-user as referenced above.
The countries covered in the polyvinyl chloride (PVC) compound market report are U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
The United Arab Emirates (UAE) dominates the Middle East and Africa due to increased awareness of the use of PVC manufactured spare parts in automotive industries.
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 like 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 Middle East and Africa 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) Compound Market Share Analysis
The polyvinyl chloride (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, Middle East and Africa 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 polyvinyl chloride (PVC) compound market.
Some of the major players operating in the polyvinyl chloride (PVC) compound market are:
- 3M (U.S.)
- XPEL, Inc. (U.S.)
- Dow (U.S.)
- Eastman Chemical Company (U.S.)
- Hexis S.A.S (France)
- PremiumShield (U.S.)
- STEK-USA (U.S.)
- Reflek Technologies Corporation (U.S.)
- GRAFITYP (Belgium)
- ORAFOL Europe GmbH (Germany)
- DuPont (U.S.)
- DAIKIN (Japan)
- Optic Shield (Czechia)
- Solvay (Belgium)
- SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (U.S.)
- Saint-Gobain (France)
- Avery Dennison Corporation (U.S.)
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