The global Polyvinyl Chloride (PVC) market is expected to acheive a CAGR of 5.48% during 2018-2023. The demand for polyvinyl chloride (PVC) market is rising, owing to the increasing usage of and demand for high performance plastics. PVC reduce weight and enhance fuel economy of vehicles, thereby, consistently increasing their applications in the medical sector.
The building & construction industry has a dominant market share in the Polyvinyl Chloride (PVC) market. The continually increasing population, combined with the growing purchasing power of middle-class population in developing economies (such as India, South Korea and ASEAN Countries), has boosted the demand for infrastructural projects,(such as recreational centers, shopping malls, sophisticated health care centers, high-rise buildings (to cater the needs of high population in small areas), housing complexes, etc.). The demand has led to an increase in consumption of PVC in the building & construction industry, in different forms. The usage of PVC is also increasing in others industries, such as automotive, medical, footwear, packaging, etc.
One of the major drivers propelling the PVC demand, is the accelerating usage of high performance plastics to improve the fuel economy, thereby reducing the overall weight of the vehicles. With the enactment of stringent corporate average fuel economy (CAFÉ) standards, combined with the aim of reducing exhaust or carbon emissions, the automobile manufacturers are focusing on developing light-weight vehicles that can incorporate high-performance plastics and light-weight materials, such as PVC, thereby propelling the market’s growth.
AREAS WHERE SCOPE OF POLYVINYL CHLORIDE (PVC) IS RISING
In terms of consumption, Asia-Pacific accounted for a significant market size (in USD million). During the forecast period, this region is projected to be the fastest among the other regions, North America, Europe, South America and Middle East & Africa. In Asia-Pacific, the major demand for polyvinyl chloride (PVC) comes from the building & construction segment, as the construction industry (in countries such as China, India, South Korea, few ASEAN Countries etc.), is growing at a fast pace, owing to the rise in infrastructural projects in these countries. Additionally, the demand and usage of PVC is also increasing in the medical sector with applications, such as in the manufacturing of medical devices like blood containers. By application type, PVC has been segmented into rigid, flexible, low smoke, and chlorinated PVC.
Few Notable Developments in the Market
In Sept 2017, China fined 18 PVC makers for a total fo USD 68.9 million for manipulating market proces
In Jul 2017, Formosa Plastics Corp. declared force majeure sales limits on some grades of PVC resin made at its plant in Point Comfort, Texas. However, this force majeure did not affect the delivery of pipe-grade material, according to company sources.
In Jul, 2017, Vestolit GmbH, a fully owned subsidiary of Mexichem, started the capacity expansion at its Germany PVC plant.
In Jan 2017, prices of PVC increased massively in India by USD 30/mt to reach USD 970/mt in just a week.
Why purchase our Global Polyvinyl Chloride (PVC) Market Report?
Will the increasing demand for light weight and fuel efficient vehicles, help in the growth of the Polyvinyl Chloride (PVC) market?
Know about: The latest technological advancements in the manufacture of Polyvinyl Chloride (PVC)
How will environmental regulations affect the polyvinyl chloride (PVC) market?
Analysis of various perspectives of the market using Porter’s five forces analysis
Which application type of polyvinyl chloride will dominate the market?
What is the growth of compounded PVC and which end user industry and product type will dominate the market?
What will be the market and growth opportunities for recycled and bio-based PVC?
Which regions will witness the fastest growth during the forecast period?
Identify the latest developments, market shares and strategies employed by the major market players, such as:
Huntsman International LLC
Dow Chemical Company
Formosa Plastics Corporation
1.1 Scope of the Report
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Service
3.2.5 Degree of Competition
3.3 Raw Material Analysis
3.4 Patent Analysis
4. Market Dynamics
4.1.1 Increasing Usage High Performance Plastics to Reduce Vehicle Weight and Enhance Fuel Economy
4.1.2 Growing Demand from Construction Industry in Asia-Pacific Region
4.1.3 Increasing Application in Healthcare Industry and Medical Devices Market
4.2.1 Hazardous in Nature
4.2.2 Other Restraints
4.3.1 Accelerating Usage in Electric Vehicles
4.3.2 Pvc Recycling
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 Pvc Market
5.1.1 by End-User Industry
220.127.116.11 Building & Construction
18.104.22.168 Electrical & Electronics
5.1.2 by Product Type
22.214.171.124 Pipes & Fittings
126.96.36.199 Film & Sheets
188.8.131.52 Wire & Cables
184.108.40.206 Profiles, Hose, & Tubing
5.1.3 by Application Type
220.127.116.11 Rigid Pvc
18.104.22.168.1 Clear Rigid Pvc
22.214.171.124.2 Non-Clear Rigid Pvc
126.96.36.199 Flexible Pvc
188.8.131.52.1 Clear Flexible Pvc
184.108.40.206.2 Non-Clear Flexible Pvc
220.127.116.11 Low-Smoke Pvc
18.104.22.168 Chlorinated Pvc
5.1.4 by Stabilizer Type
22.214.171.124 Calcium Based
126.96.36.199 Lead Based
188.8.131.52 Organotin Based
184.108.40.206 Tin Based
220.127.116.11 Barium Based
5.2 Compounded Pvc Market
5.2.1 by End-User Industry
18.104.22.168 Building & Construction
22.214.171.124 Electrical & Electronics
5.2.2 by Product Type
126.96.36.199 Pipes & Fittings
188.8.131.52 Film & Sheets
184.108.40.206 Wire & Cables
220.127.116.11 Profiles, Hose, & Tubing
6. Regional Market Analysis (Market Size, Growth & Forecast)
6.1.4 South Korea
6.1.5 Asean Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle-East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players
8. Company Profiles
8.1 Basf Se
8.2 Axiall Corp.
8.4 E. I. Du Pont De Nemours and Company (Dupont)
8.5 Formosa Plastics Group
8.6 Huntsman Corp.
8.7 Ineos Chlorvinyls Ltd.
8.8 Kem One
8.10 Mexichem S.A.B.
8.11 Occidental Petroleum Corp.
8.12 Recticel Sa
8.13 Shin-Etsu Chemical Co. Limited
8.14 the Dow Chemical Co.
8.15 Westlake Chemical Corporation
8.16 Xinjiang Zhongtai Chemical Co. Ltd.
*(List Not Exhaustive)
- Basf Se
- Axiall Corp.
- I. Du Pont De Nemours and Company (Dupont)
- Formosa Plastics Group
- Huntsman Corp.
- Ineos Chlorvinyls Ltd.
- Kem One
- Mexichem S.A.B.
- Occidental Petroleum Corp.
- Recticel Sa
- Shin-Etsu Chemical Co. Limited
- The Dow Chemical Co.
- Westlake Chemical Corporation
- Xinjiang Zhongtai Chemical Co. Ltd.