About Polyvinyl Chloride-
Polyvinyl chloride, commonly referred to as PVC or vinyl, is a synthesized thermoplastic material. PVC is a white, brittle solid available in powder form or granules. PVC is used in various applications, such as the formation of PVC pipes in the building and construction industries and protective clothing sectors. It is fabricated efficiently into a wide range of both rigid and flexible products. PVC also has inherent flame resistance. There are various advantages, including that it can tolerate high loads and pressure, does not produce an objectionable Odor, is non-toxic, works well at both high and low temperatures, etc. Innovations in PVC manufacturing processes and the development of new applications can stimulate market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the active presence of dominant players. The PVC market is a competitive landscape with a number of established players. The market is expected to remain competitive in the coming years, driven by factors such as cost leadership, product innovation, and sustainability. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shin-Etsu Chemical Co., Ltd. (Japan), Formosa Plastics Corporation (China), INEOS (United Kingdom), Xinjiang Zhongtai Chemical Co Ltd (China), Solvay (Germany), Dow (United States), BASF SE 2 (Germany), SABIC (Saudi Arabia), Compagnie de Saint-Gobain S.A (France), Exxon Mobil Corporation (United States), supreme.co.in. (India), LyondellBasell Industries Holdings B.V. (United States), KEM ONE (France), Westlake Corporation (United States), HENAN JINHE INDUSTRY CO., LTD (China), Reliance Industries Limited (India) and Compagnie de Saint-Gobain S.A. (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Polyvinyl Chloride- market by , Application (Pipes, Kitchen Wall Coverings, Flooring and Roofing, Insulation, Sheathing, Table Mats, Window Sills, Medical Device and Other) and Region.
On the basis of geography, the market of Polyvinyl Chloride- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End user Industry, the sub-segment i.e. Electric will boost the Polyvinyl Chloride- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Raw Material, the sub-segment i.e. Ethylene will boost the Polyvinyl Chloride- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Suspension will boost the Polyvinyl Chloride- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased the demand in electronics industry
Market Growth Drivers:
Increasing use of PVC products in Construction Industry and The growth of the consumer goods industry can positively affect the PVC market.
Challenges:
The degradation of PVC by dehydrochlorination reactions. and PVC products leach phthalates and other chemicals into the air that are linked to diseases such as asthma
Restraints:
PVC is not biodegradable and can release toxic substances when burned.
Opportunities:
Development of bio-based PVC, recycling initiatives, and reducing the use of harmful additives
Market Leaders and their expansionary development strategies
In October 2023, The Supreme Industries Ltd, India’s plastics product manufacturer, has acquired the specialized polyvinyl chloride (PVC) pipes producer Parvati Agro Plast. This acquisition will allow Supreme Industries to expand its presence in the PVC-O product solutions, a high-potential sector in the pipe and fitting segment. and In July 2021, Saint-Gobain, through its building products subsidiary CertainTeed LLC, has acquired Vi-Lux Building Products, a Canadian custom manufacturer of cellular polyvinyl chloride (PVC) molding and trim, adding to the company’s growing siding business and expanding its production capacity for specialty trim materials. This acquisition allows to expand our offering of standard and specialty trim and millwork products, giving us new flexibility to meet the needs of each individual customer.
In November 2021, Westlake Chemical Corporation launched GreenVin Polyvinyl Chloride (PVC), a lower-carbon alternative PVC, which is one of the most widely utilized plastics in the construction, automotive and medical sectors. The introduction of GreenVin PVC, with the product line expected to extend into the company’s vinyl chloride and hydrogen products in the future. and In December 2021, Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and Reliance Industries Limited (RIL) announced the partnership and launched TA’ZIZ EDC & PVC, the new joint venture will construct and operate a chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production facility.
Key Target Audience
Manufacturer, Supplier, End users’ industry, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.