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South America Polyvinyl Chloride (PVC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 100 Pages
  • April 2021
  • Mordor Intelligence
  • ID: 4536236
The South America polyvinyl chloride (PVC) is expected to register a CAGR of more than 3% during the forecast period. PVC is strong and lightweight, durable to weathering, rotting, chemical corrosion and abrasion, versatile, and easy to use, as it can be cut, shaped, welded, and joined in any style.
  • Major factors driving the market studied are the increasing use of plastics to reduce vehicle weight and enhance fuel economy, growing demand from the construction industry, and increasing applications in the healthcare industry
  • However, hazardous impacts on humans and the environment are expected to majorly hinder the growth of the market studied.
  • The accelerating usage of electric vehicles and PVC recycling are likely to act as an opportunity in the future.

Key Market Trends

Growing Demand from the Construction Industry
  • 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. These pipes are widely used for pipeline systems for water, waste, and drainage as these pipes suffer no build-up, scaling, corrosion, or pitting and they provide smooth surfaces reducing energy requirements for pumping.
  • The high-performance, low-cost PVC materials have made it possible to manufacture present day single-use devices, such as tubes, containers, and syringes. This material has minimized the risk of life-threatening infections that spread through unsterilized medical devices.
  • Presently, about 40% of all the medical devices are made from PVC; it is the only material that guarantees performance and quality demanded by medical professionals and regulatory bodies.
  • In the medical devices market, PVC is primarily used for flexible tubing and containers, which are used for blood donation sets and components for urine products. Such similar factors are driving the South American PVC market.

Brazil to Dominate the Market
  • Brazil is the largest and most populous country in South America. It is the eighth-largest economy in the world. Currently, due to the implementation of new economic reforms and minimizing barriers to foreign investment, the country’s economy is recovering from a recession.
  • The government launched the ‘Infrastructure Concessions Program’ with an aim to invest in infrastructure for roads, airports, ports, and energy, in the country. In this program, the government announced an investment of USD 14.4 billion on transport, energy, and sanitation projects.
  • Additionally, the government’s plan to balance the demand for and supply of affordable housing (created by the increasing population and rapid urbanization) and its efforts to improve the country’s aging transport infrastructure, using the public-private partnership (PPP) model, are expected to increase the demand for PVC.
  • Mercedes-Benz, a German auto manufacturer, announced an investment of USD 4.7 billion by 2022, which is expected to increase the demand for PVC in the country.
  • Sales of consumer electronics appears to have reached a point of saturation in the country. Consumers are careful, while buying expensive products and this behavior is expected to continue in the upcoming years. However, many categories were helped by the sale of various expensive items, such as 4K televisions. Despite the challenging situation, Samsung and LG continue to strengthen their position in the country.
  • The use of various portable devices, such as notebooks, netbooks, smartphones, digital cameras, mobile phones, tablets, and power tools, which normally operate without being connected to a power grid and are expected to become increasingly popular, during the forecast period, further creating the demand for PVC for application in such products.

Competitive Landscape

South America Polyvinyl Chloride market is consolidated among the top five players. The top companies have been focusing on providing better materials for various end-user industries. Major manufacturers of South America PVCs are Formosa Plastics Corporation, INEOS, Shin-Etsu Chemical Co., Ltd., Westlake Chemical Corporation, Tecnocom, and amongst others.

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Increasing Usage of Plastics to Reduce Vehicle Weight and Enhance Fuel Economy
4.1.2 Increasing Application in the Healthcare Industry
4.2 Restraints
4.2.1 Hazardous Impact on Humans and the Environment
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.1 Product Type
5.1.1 Rigid PVC Clear Rigid PVC Non-Clear Rigid PVC
5.1.2 Flexible PVC Clear Flexible PVC Non-clear Flexible PVC
5.1.3 Low-smoke PVC
5.1.4 Chlorinated PVC
5.2 Stabilizer Type
5.2.1 Calcium-based Stabilizers (Ca-Zn Stabilizers)
5.2.2 Lead-based Stabilizers (Pb Stabilizers)
5.2.3 Tin- and Organotin-based Stabilizers (Sn Stabilizers)
5.2.4 Barium-based and Others (Liquid Mixed Metals)
5.3 Application
5.3.1 Pipes and Fittings
5.3.2 Films and Sheets
5.3.3 Wires and Cables
5.3.4 Bottles
5.3.5 Profiles, Hoses and Tubings
5.3.6 Other Applications
5.4 End-user Industry
5.4.1 Building and Construction
5.4.2 Automotive
5.4.3 Electrical and Electronics
5.4.4 Packaging
5.4.5 Footwear
5.4.6 Healthcare
5.4.7 Other End-user Industries
5.5 Geography
5.5.1 Brazil
5.5.2 Argentina
5.5.3 Rest of South America
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Braskem
6.4.2 Formosa Plastics Corporation
6.4.3 INEOS
6.4.4 Occidental Petroleum Corporation
6.4.5 Shin-Etsu Chemical Co., Ltd.
6.4.6 Tecnocom
6.4.7 Vinnolit GmbH & Co. KG
6.4.8 Westlake Chemical Corporation
6.4.9 Xinjiang Zhongtai Chemical Co., Ltd.
7.1 PVC Recycling
7.2 Other Opportunities

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Braskem
  • Formosa Plastics Corporation
  • Occidental Petroleum Corporation
  • Shin-Etsu Chemical Co., Ltd.
  • Tecnocom
  • Vinnolit GmbH & Co. KG
  • Westlake Chemical Corporation
  • Xinjiang Zhongtai Chemical Co., Ltd.