Market Size of Asia-Pacific Polyvinyl Chloride (PVC) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Polyvinyl Chloride (PVC) Market Analysis
The Asia-Pacific polyvinyl chloride (PVC) market is projected to register a CAGR of more than 4.5% during the forecast period.
- COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- The accelerating usage of electric vehicles and growing demand from the construction industry is expected to fuel the market's growth. However, hazardous impacts on humans and the environment during PVC production, usage, and disposal are projected to hinder the market's growth.
- The rising PVC recycling processes shall create opportunities in the market. The demand for PVC pipes and fittings is driven by increasing demand from developing countries such as India, China, Indonesia, etc.
