Global Polyvinyl Chloride Market was valued at US$ 56.4 Bn in 2019 and expected to reach US$ 91.12 Bn by 2026, at a CAGR of 6.2% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Polyvinyl Chloride Market Dynamics
Polyvinyl chloride (PVC) is one of the world’s largest produced synthetic plastic polymer. Polyvinyl chloride is preferred instead of conventional materials such as copper, iron, or wood in several applications owing to its operational productivities and profits.
Pure polyvinyl chloride is brittle solid white in color and slightly soluble in tetrahydrofuran whereas insoluble in alcohol.
Polyvinyl chloride comes into two basic product types rigid and flexible. It can be made flexible and soft by adding plasticizers and phthalates. In flexible form, polyvinyl chloride is used in electrical cable insulation, plumbing, and inflatable products and some applications which can replace rubber. The rigid form of polyvinyl chloride is used in construction for pipe and in profile applications such as doors and windows. It is also used in making bottles, non-food packaging, and cards.
Global Polyvinyl Chloride Market Segment Analysis
The construction is the largest application segment for polyvinyl chloride. It is widely used in construction applications such as pipes, cables, floor & wall coverings, landfill liners, and fencing. Construction activities are likely to grow mainly in emerging countries of Asia Pacific, Latin America, and the Middle East on account of increasing demand for better infrastructure facilities due to, increasing urbanization and rapid industrialization.
Superior insulation properties have led vinyl chloride polymers to be used widely in electrical wires and cables. Furthermore, it is used in consumer products such as toys, ceiling tiles, and interior cladding. Growing demand in consumer and electrical & electronics applications will drive growth over the next eight years.
Ethylene is a kind of raw material required for the production of polyvinyl chloride. Fluctuating the price of ethylene possesses challenges to the supply-demand curve. Companies such as Qatar Petroleum, Royal Dutch Shell, and Saudi Polymers Co. are expanding their ethylene production capacities in the Middle East to meet growing local demand.
Global Polyvinyl Chloride Market Regional insights
The Asia Pacific leads the production market with more than 50% market share in 2019 followed by North America and Western Europe and is expected to dominate for the forecasted period as well. However, Middle East & Africa is expected to be the fastest-growing market for polyvinyl chloride.
The report covers the total market for polyvinyl chloride market has been analyzed based on the Porter's five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges, key issues, SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Global Polyvinyl Chloride (PVC) Market, Key Highlights:
• Global Polyvinyl Chloride (PVC) Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Polyvinyl Chloride (PVC) Market
• Global Polyvinyl Chloride (PVC) Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Polyvinyl Chloride (PVC) Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Polyvinyl Chloride (PVC) Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Polyvinyl Chloride (PVC) Market are also profiled.
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Scope of the Polyvinyl Chloride Market: Inquire before buying
Global Polyvinyl Chloride Market, by Product Type
• Rigid
• Flexible
Global Polyvinyl Chloride Market, by Application
• Construction
• Electronics
• Consumer
• Packaging
• Transportation
Global Polyvinyl Chloride Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Polyvinyl Chloride Market Key Players
• BASF
• DuPont
• Georgia Gulf
• Solvin
• Occidental
• Shin-Etsu Chemical
• Dow Chemical
• Nova Chemical
• Reliance Industries
• The Britton Group
• Sinopec Corporation
• Mexichem
• Formosa Plastics
• Mitsui Chemicals
• Axiall Corporation
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