In a recently published report, Polyvinyl Chloride (PVC) Market, report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Polyvinyl Chloride (PVC) Market, products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Polyvinyl Chloride is a widely produced polymer and is said to be the third most produced polymer after polyethylene and polypropylene. PVC, because of its operational efficiencies and benefits is preferred over materials like iron, copper or wood that are being used traditionally in a number of applications. Pure PVC is a brittle solid white colour material insoluble in alcohol, while slightly soluble in tetrahydrofuran.
PVC is used as a substitute for rubber in electrical cable insulation, plumbing and other applications because of its flexible & soft form. PVC has high mechanical properties as well, which increases as the molecular weight rises and decreases with rising temperature. PVC has low resistance to heat and also due to its polar nature is of less significance in electrical insulation as compared to non-polymers like polypropylene and polyethylene.
While the Global PVC market, in 2015, was valued at USD 53.060 billion, it is now projected to grow at a CAGR of 5.3% toreach to USD 72.330 billion by 2021.
On account of its increasing application, the Global PVC market is expected to grow substantially across emerging economies – Brazil, India and China. PVC membranes find applications in packaging & transportation, construction & building, automotive & aerospace and electronics & electrical industries.
Surging infrastructure expenditure driving the real estate and construction industry is the major driver for PVC membranes market over the coming years. PVC membranes are expensive and also the market is highly regulated in the developed economies of North America and European Union and hence hampers the demand. In addition, since PVC is derived from ethanol and crude oil prices are surging, this is further expected to hinder the PVC membranes market.
PVC is available in two forms – flexible and rigid, and depending upon the form its application and market varies.
As discussed earlier, flexible PVC finds application in inflatable products, medical devices, electrical cable insulation plumbing, and signage.
However, the rigid PVC, is used mostly in the form of pipes in windows and doors, and also in the manufacturing of bottles and swiping/membership cards and non-food packaging.
North America is the largest market owing to the huge demand from transportation and construction industries. Also, rapid development in this region has given a boost to PVC membranes market over these years and is expected to continue over the forecasted period as well.
Environmental concerns, along with the Governmental concerns are expected to hinder the market in European Union countries, while countries like – France, Germany, Italy and Russia are focusing on infrastructure development which is expected to fuel the industry growth.
In the Asia Pacific region, growth is mostly fuelled by substantial Expansion of the automobile industry. Increasing Oil & gas exploration is expected to boost demand in the regions of Middle East.
Some of the key market players are Foshan HouDe Decoration Material Co., Ltd.; Weifang Chenhua Waterproof Co., Ltd.; Shandong JuhuiWaterproof Materials Co., Ltd.; Chinyang Chemical Co. Ltd.;Universal Polymers; IBMH Corporation Ltd.;Premier Polyfilm Ltd.;Ecomas Marketing;Nihon Kutaisyori Co. Ltd.;Gorantla GeosyntheticsPvt. Ltd.; etc.
Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
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Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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