What is Paste PVC Resin Market?
PVC is polyvinyl chloride. Resin is a material which is used for the production of plastics and rubbers. PVC resin paste is commonly used with additives by coating, dipping, slush molding and other methods. It is produced by the emulsion method or micro suspension method. It has a wide variety of applications in the various industries thus demand is increasing. Paste PVC resin is easy to configure and control so it is widely used in leather, vinyl toys, soft trademarks etc. It is widely available and can be easily recyclable.
The market study is being classified by Type (High K Value Grade, Medium K Value Grade, Low K Value Grade and Vinyl Acetate Copolymer Grade), by Application (Automotive Sealant, Wall Paper, Synthetic Leather, Adhesive and Others) and major geographies with country level break-up.
Shin-Etsu Chemical Company (Japan), Mitsui Chemicals, Inc. (Japan), Xinjiang Zhongtai Chemical Co., Ltd. (China), SCG Chemicals (Thailand), Redox Pty Ltd (Australia), LG Chem (South Korea), Thai Plastic and Chemicals (Thailand), The Sanmar Group (India), Mexichem S.A.B. de C.V (Mexico) and Vinnolit GmbH & Co. KG (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tosoh Corporation (Japan), Hanwha Group (South Korea) and Tianye Group (China).
Research Analyst at AMA predicts that Japanese Vendors will contribute to the maximum growth of Global Paste PVC Resin market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Paste PVC Resin market by Type, Application and Region.
On the basis of geography, the market of Paste PVC Resin 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Relatively Low Price and Resistance to Environmental Degradation
- Increased Consumption of Paste PVC Resin Worldwide
- Demand from Construction and Automotive Industry
Market Trend
- Trend of Improved and Innovative Products
Restraints
- Very Poor Heat Stability and Toxic in Nature
Opportunities
- Rapid Urbanization in the Developing Countries
- Increased Use as a Substitute for Metal
Challenges
- Fluctuations in the Raw Material Prices
On 13th November 2017, Mitsui Chemicals Inc. joined announced that it plans to acquire Asahi Kasei Corp.’s business for SUNVIEO thermoplastic styrene elastomer (TPS) on Dec. 1, 2017. Mitsui Chemicals also expects that it will be able to use the acquired technology to further differentiate its existing MILASTOMER™ lineup from the competition.
Key Target Audience
Paste PVC Resin Manufacturers, Distributors, Raw Material Suppliers/ Buyers, Government Body & Associations and End-user