Market Overview

The market for Asia-Pacific Polyvinyl Chloride (PVC) is expected to grow at a CAGR of 5.14 % during the forecast period of 2019 – 2024. Major factors driving the market studied are increasing the use of plastics to reduce vehicle weight and enhance fuel economy, growing demand from the construction industry, and increasing applications in the healthcare industry. However, hazardous impacts on humans and the environment are expected to majorly hinder the growth of the market studied.

• Pipes & Fitting's segment dominated the market in 2018. The demand for PVC pipes and fittings is driven by its increasing demand in the developing countries, especially in the agriculture-based economies, like India, China, Indonesia, etc.
• Accelerating usage of electric vehicles and PVC recycling are likely to act as an opportunity in the future.
• China dominated the market across the region in 2018.

Scope of the Report

The Asia-Pacific Polyvinyl Chloride (PVC) Market report includes:

Key Market Trends

Growing Demand from the Construction Industry

• The construction sector in the Asia-Pacific is the largest in the world, and is growing at a healthy rate, owing to the rising population, increasing middle-class income, and urbanization.
• Increasing infrastructure construction activity is the major driver for the construction sector in the region. In addition, the entry of major players from the EU into the lucrative market of China has further fueled the industry’s expansion. Owing to their business potentials, countries, like Indonesia, China, Malaysia, Singapore, and South Korea, have become hosts to numerous national and international events.
• Huge consumer base and cheaper manufacturing costs in the Asia-Pacific region are drawing in high FDIs, with India and China being the major beneficiaries. In the 2016-2017 fiscal year, India had a total FDI investment of USD 60.08 billion, which was 8% higher than that in the previous year, with huge investments in real estate and infrastructure.
• Such favorable business environment in the region has further accelerated the demand for hotels, shopping malls, high-rise buildings, arenas, and stadiums (both outdoor and indoor), thereby, boosting the construction industry in the region. Besides this, the residential construction has also been increasing in the region, which is driven by the growing population and rise in migration, owing to employment opportunities.