Polyvinyl Chloride Market Growth Analysis 2028

Posted by amol on June 27th, 2019

The global polyvinyl chloride market is likely to register a robust growth during 2018-2026. The growing construction activity globally, the durability and sustainability of PVC will play a vital role in boosting the market. Moreover, the market will also soar due to growing demand for PVC as an alternative to painted wood. 

This report analyzes and forecasts the polyvinyl chloride market at both the global and regional levels. The market has been forecast in terms of value (US$ Mn) and volume (Million Square Meters) from 2018 to 2026. The study includes drivers and restraints of the global market. It also covers the anticipated impact of these drivers and restraints on the demand for cool roofs during the forecast period. The report also highlights growth opportunities in the global polyvinyl chloride market. 

Global Polyvinyl Chloride (PVC) Market: Key Trends 

PVC is commonly used synthetic plastic polymer. It is lightweight but strong and offers a wide range of applications. Conventional applications of PVC include cables, fencing, pipes and wall coverings. It is also increasing being used in electronics and electrical applications. Growing awareness of harmful effects of PVC to children is limiting its growth in clothing, toys, footwear, etc. 

The global polyvinyl chloride is predicted to grow owing to a major growth in construction activities in India and China. Collaborations and acquisitions in the market are major opportunities for major global PVC manufacturers. India and China both have registered strong economic growth in recent years. Additionally, both these countries have undertaken major infrastructure developments through both public and private initiatives. During the forecast period, these initiatives would include construction of metro, tunnels, highways, airports, etc. This is expected to drive growth in the global polyvinyl chloride market.     

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The PVC market also faces many challenges during the forecast period. Many European governments including a stern warning by MHRA (Medicines and Health Products Regulatory Agency) in Britain has put the industry on the defensive. The agency has raised health concerns against DEHP phthalates in PVC compounds. Similar health concerns around the world regarding biocompatibility of these compounds are expected to hinder the growth of the market. 

Global Polyvinyl Chloride (PVC) Market: Regional Outlook

PVC market in Asia Pacific is expected to register a significant growth during 2018-2026. The Asia Pacific regional market held the highest share of the global market earlier. During the forecast period, it is expected to get a boost from a weaker currency and increasing investment in the manufacturing industry. Due to lack of stringent regulations in the market, PVC also finds new applications in the regional market in new areas like medicine, food production, resin manufacturing, etc. The PVC market in Europe and North America is expected to make small gains as rise in demand in Turkey and Russia is boosting the market. Soaring construction activities in Europe is expected to drive the regional market. On the other hand, increasing applications in electronics industry is expected to drive the growth of the North American market. 

Global Polyvinyl Chloride (PVC) Market: Competitive Dynamics

The top market players include OxyChem, Ineos Group Ltd. and Formosa Plastic Group, Shin-Etsu, Solvay S.A.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.