Polyvinyl Chloride Market - Global Industry Research Analysis

The global polyvinyl chloride market size was worth around USD 7890 million in 2023 and is predicted to grow to around USD 10,145 million by 2032 with a compound annual growth rate (CAGR) of roughly 2.83% between 2024 and 2032.

Global Polyvinyl Chloride Market: Overview

In Global Polyvinyl Chloride Market Report, Study includes- Polyvinyl chloride (PVC) is the widely produced synthetic plastic polymer after polypropylene and polyethylene. Polyvinyl chloride is found in two forms such as flexible and rigid. The rigid PVC is used for the manufacturing of windows, doors, and pipes in the construction industry.

In addition, in the production of bottles, cards, and non-food packaging rigid PVCs are used. The card can be made softer by adding plasticizers. It is also used in imitation leather, plumbing, signage, electrical cable insulation, inflatable products, phonograph records, and other applications where it replaces rubber. It is brittle solid white in color and slightly soluble in tetrahydrofuran but insoluble in alcohol.

Global Polyvinyl Chloride Market: Growth Factors

Polyvinyl chloride is used in a wide range of applications such as construction, pipes, furniture, electric cables, healthcare, plasticizers, and clothing this is anticipated to fuel the market in coming years. In the construction industry, it is used in the manufacturing of cables, window frames, wallpaper, pipes, flooring, and cables. In consumer product applications, it is used in cling films, credit cards, bottles, packaging, and others.

Accelerating use of the acetylene in order to produce PVC will give rise to the market growth in future. Polyvinyl chloride is heavily preferred in the market over traditional materials such as copper, iron, and wood owing to its excellent properties and operational efficiencies. It holds excellent mechanical and hardness properties, which increases with the molecular weight and decreases with the rising temperature. It has good insulation properties owing to its high polar nature but it is less significant to non-polymers such as polyethylene and polypropylene.

Polyvinyl Chloride Market: Report Scope

Global Polyvinyl Chloride Market: Segmentation

The global polyvinyl chloride market is categorized based on the end-user industries, product type, and applications.

Based on end-user industries, the market is categorized into packaging, building & construction, medical, automotive, footwear, electrical & electronics, and others.

The product type of the polyvinyl chloride market is segregated into bottles, pipes & fittings, wires & cables, films & sheets, profiles, hose & tubing, and others.

Based on the application segment the market is segregated into flexible PVC and rigid PVC.

Global Polyvinyl Chloride Market: Regional Analysis

Europe is witnessing a moderate growth owing to the economic crisis, slow monetary recovery, and miserable business. Asia Pacific is expected to be the fastest growing region for polyvinyl chloride, as China holds the huge manufacturing facilities. North America is trying to emerge from collapsed construction industry, which shows a dormant demand for polyvinyl chloride. The nations such as the UK, Italy, and Germany are facing sluggish growth in construction industry which may lead to inert demand for polyvinyl chloride in Europe.

Global Polyvinyl Chloride Market: Competitive Players

Major prominent market players in the global polyvinyl chloride market include Westlake Chemical Corporation, Inovyn, Axiall Corporation, Shin-Etsu Chemicals Limited, BASF SE, Occidental Corporation, and Formosa Plastics Group.

Global Polyvinyl Chloride Market: Regional Segment Analysis

• North America

  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

Frequently Asked Questions