Polyvinyl Chloride (PVC) Market Size, Share, Growth Report 2032
Polyvinyl Chloride (PVC) Market- By Product Type (Rigid PVC and Flexible PVC) and By Application (Pipes & Fittings, Wires & Cables, Films & Sheets, and Bottles): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028
| Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 78.90 Billion | USD 101.45 Billion | 5.6% | 2021 |
Industry Prospective
The global Polyvinyl Chloride (PVC) Market Size accrued earnings worth approximately 78.90 (USD Billion) in 2021 and is predicted to gain revenue of about 101.45 (USD Billion) by 2028, is set to record a CAGR of nearly 5.6% over the period from 2022 to 2028.
The study provides assessment and analysis of the Polyvinyl Chloride (PVC) Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).
Polyvinyl Chloride (PVC) Market: Outlook
Poly vinyl chloride is a polymer in which over half content by weight comprises of chlorine. The compound is manufactured by vinyl chloride monomer polymerization. It is available in rigid and flexible forms. Additionally, Polyvinyl Chloride Market (PVC) is extensively utilized plastic resin in medical equipment and nearly one-fourth of all plastic medical components are made up from Polyvinyl Chloride Market (PVC). The compound exhibits high chemical resistance & stability and it is compatible with blood bag & drug delivery applications. The compound formulations demonstrate toughness and strength. Moreover, the product can be utilized in different kinds of temperatures and also maintains flexibility as well as durability at reduced temperatures.
Polyvinyl Chloride (PVC) Market Report Scope:
| Report Attributes | Report Details |
|---|---|
| Report Name | Polyvinyl Chloride Market Size Research Report |
| Market Size in 2021 | USD 78.90 Billion |
| Market Forecast in 2028 | USD 101.45 Billion |
| Compound Annual Growth Rate | CAGR of 5.6% |
| Number of Pages | 150 |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Key Companies Covered | Occidental Petroleum Corporation, Kem One, Vinnolit GmbH & Co. KG, Shin-Etsu Chemical Co. Ltd , Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B. de C.V., Formosa Plastics Group, INEOS Group Ltd, Solvay S.A., and AXIALL Corporation. |
| Segments Covered | By Type, By Distribution Channel, By Application, And By Region |
| Base Year | 2021 |
| Historical Year | 2016 to 2020 |
| Forecast Year | 2022 - 2030 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Polyvinyl Chloride (PVC) Market: Growth Drivers
Growth of Polyvinyl Chloride (PVC) market over forecasting timeline is owing to reduced costs and high performance that it imparts to plastics. In addition to this, large amount of plasticizers are utilized for minimizing rigidity and this can result in massive market demand. Furthermore, Polyvinyl Chloride Market (PVC) flooring is ease to deploy, can be recycled, can be easily cleaned, and has ability to improve visual appeal of room. Moreover, the compound is utilized in roofing across building & construction sector. Additionally, the compound is utilized in various sectors due to requirement of low maintenance and durability.
Apparently, rise in spending capacity and increase in allocation of funds for construction sector will scale up size of Polyvinyl Chloride (PVC) market in ensuing years. Large-scale use of poly vinyl chloride in selective packaging for medical equipment and apparatus will embellish market trends. Apart from this, bottle sleeving and electronic & consumer product packaging demand will boost scope of Polyvinyl Chloride Market (PVC) industry in ensuing years.
Polyvinyl Chloride (PVC) Market: Regional Insights
Asia Pacific Polyvinyl Chloride (PVC) Market To Expand Leaps & Bounds Over 2022-2028
Expansion of regional market in next six years is due to rise in production of compound in countries such as China. A prominent increase in population of sub-continent and surging urbanization will steer growth of regional market over forecasting years. Presence of giant manufacturers in Asia Pacific zone will promote growth of Asia Pacific Polyvinyl Chloride Market (PVC) industry in ensuing years.
Polyvinyl Chloride (PVC) Market: Competitive Insights
Key players profiled in study and favorably impacting market size are
- Occidental Petroleum Corporation
- Kem One
- Vinnolit GmbH & Co. KG
- Shin-Etsu Chemical Co. Ltd
- Xinjiang Zhongtai Chemical Co. Ltd.
- Mexichem S.A.B. de C.V.
- Formosa Plastics Group
- INEOS Group Ltd
- Solvay S.A.
- AXIALL Corporation.
The global Polyvinyl Chloride (PVC) Market is segmented as follows:
By Product Type
- Rigid Polyvinyl Chloride Market (PVC)
- Flexible Polyvinyl Chloride Market (PVC)
By Application
- Pipes & Fittings
- Wires & Cables
- Films & Sheets
- Bottles
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Growth of Polyvinyl Chloride (PVC) market over forecasting timeline is owing to reduced costs and high performance that it imparts to plastics.
According to Zion market research report, The global Polyvinyl Chloride (PVC) Market accrued earnings worth approximately 78.90 (USD Billion) in 2021 and is predicted to gain revenue of about 101.45(USD Billion) by 2028, is set to record a CAGR of nearly 5.6% over the period from 2022 to 2028.
Asia Pacific will contribute lucratively towards the global market revenue over the projected timespan. The regional market surge is rise in production of compound in countries such as China.
The key industry participants leveraging business landscape include Occidental Petroleum Corporation, Kem One, Vinnolit GmbH & Co. KG, Shin-Etsu Chemical Co. Ltd , Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B. de C.V., Formosa Plastics Group, INEOS Group Ltd, Solvay S.A., and AXIALL Corporation.
PVC stands for polyvinyl chloride and is a type of man-made plastic that is produced by polymerizing vinyl chloride monomer. PVC is a popular type of plastic that is put to use in a diverse range of industries, including the building and construction industry, the automotive industry, the medical industry, and the packaging industry.
PVC is a thermoplastic material, which implies that it can be reshaped after being melted and reshaped several times without altering its fundamental characteristics. In addition to this, it is a flexible material that can be manufactured in a wide variety of colors, surface textures, and degrees of brittleness. Plasticized polyvinyl chloride (PVC) can be made rigid or flexible, and its qualities can be altered by the use of various chemicals and plasticizers.
When compared to the costs of producing other materials, such as metal or glass, PVC has a significantly lower production price, which is one of its most significant benefits. PVC is appealing as a material for a wide variety of applications since it is not only lightweight but also long-lasting and resistant to chemicals. On the other hand, PVC's influence on the environment has been called into question. The manufacturing of PVC results in the discharge of dangerous compounds including dioxins, which are harmful to both human health and the environment. In addition, it can be challenging to recycle products made of PVC, which might result in waste and contamination. As a direct consequence of this, there is a growing interest in the research and development of environmentally suitable alternatives to PVC.
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