Europe PVC Market Report and Forecast 2025-2034

The Europe PVC market reached approximately 6.08 MMT in 2024. The market is projected to grow at a CAGR of 3.70% between 2025 and 2034, reaching a volume of around 8.74 MMT by 2034.

Europe PVC Market Growth

The use of PVC in vehicle interiors, wiring, and coatings has increased due to the automotive sector's focus on lightweight materials for fuel efficiency and emission reduction. In 2023, new car sales in the EU saw a significant surge of nearly 14%, with a total of 10.5 million units sold. The turnover from the automotive sector contributes more than 7% to the EU GDP. Additionally, sales of new battery-electric carsgrew by 37%, capturing a market share of 14.6%. The growth of theelectric vehicle marketnecessitates the use of high-quality and durable materials such as PVC for various components.

PVC is extensively utilised in themedical devicesector due to its flexibility, resilience, and cost efficiency. Europe currently boasts over 500,000 varieties of medical devices and IVDs. The primary markets for medical devices in Europe in 2022 included Germany, France, the UK, Italy, and Spain. PVC is extensively utilised in the medical device sector for a variety of purposes, including the production of flexible containers for intravenous solutions or blood, as well as various accessories used in the collection and administration of these substances.

The growing demand forflexible packagingsolutions in the food, beverage, and consumer goods sectors has also driven up PVC usage. The recyclability and durability of PVC make it a preferred choice in the packaging industry, aligning with the current focus on sustainable packaging.

Europe PVC Industry Segmentation

“Europe PVC Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Rigid PVC
• Flexible PVC
• Low Smoke PVC
• Chlorinated PVC
• Others

Market Breakup by Stabilizer Type

• Calcium Based Stabilizers (Ca-Zn Stabilizers)
• Lead Based Stabilizers (Pb Stabilizers)
• Tin and Organotin Based Stabilizers (Sn Stabilizers)
• Barium Based Stabilizers
• Others

Market Breakup by Application

• Pipes and Fittings
• Film and Sheets
• Wires and Cables
• Bottles
• Profiles, Hoses, and Tubings
• Others

Market Breakup by End Use

• Automotive
• Building and Construction
• Electrical and Electronics
• Packaging
• Healthcare
• Others

Market Breakup by Country

• United Kingdom
• Germany
• France
• Italy
• Others

Europe PVC Market Share

Based on type, the market is segmented into product types, rigid PVC, flexible PVC, low smoke PVC, and chlorinated PVC, among others. The rigid PVC is projected to grow at a CAGR of 4.0% during the forecast period of 2025-2034. Rigid PVC is commonly known as unplasticisedpolyvinyl chlorideand provides numerous advantages that render it appropriate for a wide range of uses across diverse sectors such as construction, healthcare, and manufacturing.

Leading Companies in the Europe PVC Market

Major players are focusing on sustainable production methods to gain a competitive edge in the market.

• INEOS AG
• Westlake Corp.
• Formosa Plastics Corp.
• LG Corp. (LG Chem Ltd.)
• Oltchim S.A.
• Ercros S.A.
• KEM ONE SAS
• Shin-Etsu Chemical Co. Ltd.
• Benvic Group
• Industrie Generali S.p.A
• Orbia Advance Corporation SAB de CV
• Others