The Global Market for Polyvinyl Chloride (PVC) is Forecast to Reach 59 Million Metric Tons by 2024

Improved Growth in Key End-Use Sectors to Drive the Global Polyvinyl Chloride (PVC) Market, According to a New Report by Global Industry Analysts, Inc.
           
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Polyvinyl Chloride (PVC) market. The global market for Polyvinyl Chloride (PVC) is forecast to reach 59 million metric tons by 2024, driven by the resurgence in construction, automotive, and packaging industries and development of new environmental friendly and technically advanced PVC grades.

Polyvinyl chloride (PVC) ranks amongst top most prevalent synthetic resins and is considered to be the most versatile thermoplastic. PVC is used in the manufacture of various intermediates and products used in numerous end-use industries such as construction, automotive, packaging, wire & cable coatings, medical, and tubing. The widespread use of PVC is mainly due to its characteristics including lightweight, good mechanical strength, toughness, and abrasion resistance.  In near future increasing use of plastics as an alternative to several wooden and iron products, including windows, doors, floorings and pipes, is expected to drive growth in the PVC market. Infrastructural demand to support rapid urbanization throughout the world, where PVC is used in construction and cable and wires, is expected to buoy future market growth.

Amidst rising environmental concerns and volatile feedstock prices, growth in the PVC market continues to be supported by use of alternative plasticizers or nonpthalates and technical advancements to offer high strength and more environment friendly plastics. Increasing focus on energy efficient constructions against the backdrop of escalating energy costs and rising environmental pollution is poised to benefit the building materials made of PVC including PVC pipes, vinyl windows and doors market in a significant way. Double or triple glazed uPVC window and door units rank high in terms of energy efficiency. New PVC grades developed for applications such as vehicle interiors to meet the requirements for low emission levels and better thermomechanical foam stability.

As stated by the new market research report on Polyvinyl Chloride, Asia-Pacific represents the largest market as well as the fastest growing market for PVC worldwide. Growth in the PVC market in Asia continues to be driven by accelerated pace of infrastructure developments, particularly water supply networks, new construction  projects and up-gradation of infrastructure facilities, pushed by growing needs of expanding population and increasing investments from private sector.  China continues to remain the largest producer and consumer of PVC.  However, against the backdrop of PVC surplus in China and no significant capacity expansion projects underway, there is expected to be limited additional capacity growth over the period 2017 to 2020. Operating rates are likely to improve in the near term with the global market heading towards an improving supply demand balance.

Key players in the market include Braskem S.A., China National Chemical Corporation, China General Plastics Corp,  Ercros SA,  Finolex Industries Limited,  Formosa Plastics Corporation, Hanwha Chemical Corp,  INEOS Group AG,  Kaneka Corporation, LG Chem, Mexichem S.A.B de C. V., Vestolit GmbH & Co. KG, Mitsubishi Chemical Corporation, Occidental Chemical Corporation, Sekisui Chemical Co. Ltd., Shin-Etsu Chemical Co., Ltd., Taiyo Vinyl Corp., Thai Plastic and Chemical Public Co. Ltd., and Westlake Chemical Corp. among others.

The research report titled “Polyvinyl Chloride (PVC): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, mergers, acquisitions and other strategic industry activities of major companies worldwide. Global market estimates and projections are provided in terms of Metric Tons for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Argentina, Brazil, Colombia, Mexico and Rest of Latin America), and Rest of World. End-use applications analyzed in the report include Construction, Packaging, Consumer Goods, Wire & Cable Coatings, and Others.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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