High Performance Plastics to Reduce Vehicle Weight and Enhance Fuel economy
The corporate average fuel economy standard has forced manufacturers, in the automotive industry, to develop vehicle designs that incorporate high-performance plastic materials. The focus on minimizing carbon emission and enhancing fuel economy, by reducing the weight of a vehicle, has given PVC the impetus as a lightweight material for manufacturing automobiles. It has been estimated that a 10% reduction in vehicle weight, results in approximately 5 to 7% rise in fuel savings. It is anticipated that over the next decade, plastics will account for about 20% of the average vehicles weight, up from current 14% share.
Building and Construction Industry - The Fastest Growing Segment by Usage
PVC pipes have been used in building and construction for over 60 years, as they offer valuable energy saving during production, low-cost distribution, and a safe, maintenance-free lifetime of service. The main areas of expected growth in construction market are transport, energy, social infrastructure, schools, hospitals, government accommodation, water resources, and defense infrastructure. The Asian market provides market opportunities for this segment as the government plans to provide a clean environment and housing for all, which includes a significant focus on the sanitation facilities for the people, which further increases the demand for PVC market.
Asia-Pacific to Lead the Market
Asia-Pacific will retain its position as the world's largest construction market. China is expected to lead the global construction market by 2020 due to shift in focus of the manufacturing industry from the United States towards Asia and China. Also, the abundance of cheap labor supported the Chinese manufacturing sector. China has planned many infrastructural development projects, such as, the One Belt One Road initiative and infrastructural projects, such as, the development of airport (new Beijing airport), 30,000 km of high speed rail covering, which is expected to cover more than 80 cities, and 60% of urbanization ratio with permanent residents. Furthermore, the Chinese automotive industry is the largest market, globally, and the electrical & electronics market has been growing at a higher rate, which will also drive the PVC market.
February 2017: Solvay has completed the divestment of its 58.77% stake in Vinythai PCL to Japanese company AGC Asahi Glass (AGC)
Major Players: Shin-Etsu Chemical Company, Formosa Plastics, Westlake Chemical Corporation, Inovyn(Ineos) and Chemone, amongst others.
Reasons to Purchase this Report
To understand the impact of end-user industry on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Region expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 High Performance Plastics to Reduce Vehicle Weight and Enhance Fuel Economy
4.1.2 Growing Demand from Construction Industry in Asia-Pacific and Middle-East & Africa
4.1.3 Increasing Application in Healthcare Industry and Medical Devices Market
4.2.1 Volatility in Raw Material Prices
4.2.2 Hazardous in Nature
4.3.1 Accelerating Usage in Electric Vehicles
4.3.2 Recycled PVC
4.3.3 Innovative Application Products to Gain Competitive Edge
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 PVC Market
5.1.1 By End-user Industry
126.96.36.199 Building & Construction
188.8.131.52 Electrical & Electronics
5.1.2 By Product
184.108.40.206 Pipes & Fittings
220.127.116.11 Film & Sheets
18.104.22.168 Wire & Cables
22.214.171.124 Profiles, Hose & Tubing
5.1.3 By Application
126.96.36.199 Rigid PVC
188.8.131.52.1 Clear Rigid PVC
184.108.40.206.2 Non-Clear Rigid PVC
220.127.116.11 Flexible PVC
18.104.22.168.1 Clear Flexible PVC
22.214.171.124.2 Non-Clear Flexible PVC
126.96.36.199 Low-Smoke PVC
188.8.131.52 Chlorinated PVC
5.1.4 By Stabilizer Type
184.108.40.206 Lead Based Stabilizers (Pb Stabilizers)
220.127.116.11 Barium Based Stabilizers (Ba-Zn Stabilizers)
18.104.22.168 Calcium Based Stabilizers (Ca-Zn Stabilizers)
22.214.171.124 Tin Based Stabilizers (Sn Stabilizers)
5.2 Compounded PVC
5.2.1 By End-user Industry
126.96.36.199 Building & Construction
188.8.131.52 Electrical & Electronics
5.2.2 By Product Type
184.108.40.206 Pipes & Fittings
220.127.116.11 Film & Sheets
18.104.22.168 Wire & Cables
22.214.171.124 Profiles, Hose, & Tubing
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 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
6.3.5 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 and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 BASF SE
8.2 Xinjiang Zhongtai Chemical Co. Ltd.
8.3 China National Bluestar (Group) Co.
8.4 Lg Chem
8.5 Tianjin Bohai Chemical Industry I&E Corp.
8.6 Shin-Etsu Chemical Co., Ltd.
8.9 Huntsman Corporation
8.10 Kem One
8.11 Mexichem S.A.B.
8.12 Westlake Chemical Corporation
8.13 Formosa Plastics Group
8.14 Interplast (Harwal Group of Companies)
8.15 Covestro AG
8.16 Recticel SA
8.17 Ineos Chlorvinyls Ltd.
8.18 Occidental Petroleum Corp.
*List Not Exhaustive
**Subject to availability on public domain
- BASF SE
- Xinjiang Zhongtai Chemical Co. Ltd.
- China National Bluestar (Group) Co.
- Lg Chem
- Tianjin Bohai Chemical Industry I&E Corp.
- Shin-Etsu Chemical Co. Ltd.
- Huntsman Corporation
- Kem One
- Mexichem S.A.B.
- Westlake Chemical Corporation
- Formosa Plastics Group
- Interplast (Harwal Group of Companies)
- Covestro AG
- Recticel SA
- Ineos Chlorvinyls Ltd.
- Occidental Petroleum Corp.