Bio-Based Polyvinyl Chloride Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Applications (Pipes, Wires, Films, Cables, and Others), End-User (Building & Construction, Transportation & Packaging, Electrical & Electronics, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa)

Market Snapshot

bio-based polyvinyl chloride pvc - market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The market for bio-based polyvinyl chloride (PVC) is expected to grow at a CAGR of over 4% during the forecast period. The major factor driving the growth of the bio-based polyvinyl chloride market is the strict government guidelines due to increasing environmental safety and protection concerns. On the other side, the unfavorable situation emerging because of the abrupt outbreak of COVID-19 is foreseen to thwart the growth of the market studied.

  • Building & construction industry is anticipated to dominate the bio-based PVC market during the forecast timeframe.
  • Asia-Pacific is expected to be the largest market due to the large-scale consumption of bio-based polyvinyl chloride products in various end-user industries in the region.

Scope of the Report

The Bio-Based Polyvinyl Chloride Market report includes:

Application
Pipes
Wires
Films
Cables
Others
End-User
Building & Construction
Transportation & Packaging
Electrical & Electronics
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Building & Construction Industry to Dominate the Bio-Based PVC Market

  • Bio-based Polyvinyl Chloride (PVC) finds application in various areas in the building and contruction sector including pipes, cables, flooring, and others.
  • In 2019, the global spending of the building & construction industry was estimated at about USD 11 trillion and it is expected to reach around USD 14 trillion by 2025.
  • The United States contributed roughly USD 91.5 billion for new non-residential commercial construction in 2019. This spending is anticipated to reach more than USD 89.4 billion by 2023.
  • Saudi Arabia, an oil-rich nation, is planning to shift its economic focus from oil, and therefore, the Saudi government has decided to invest over USD 450 billion in the development of its infrastructure under its Saudi Arabia vision plan 2030. It is expected to increase the revenue of the market studied.
  • All the aforementioned factors are expected to drive the bio-based polyvinyl chloride market during the forecast period.
Bio-Based Polyvinyl Chloride PVC Market Revenue Share

Asia-Pacific Region to Dominate Bio-Based Polyvinyl Chloride Market

  • Asia-Pacific region holds a prominent share in the bio-based polyvinyl chloride market globally and is expected to dominate the market during the forecast timeline.
  • By the end of 2020, Asia-Pacific is projected to lead the construction spending accounting for almost 46% of the share globally with counties like China, India, Indonesia making the major contribution in the industry.
  • In 2019, the value of the Asia-Pacific luxury packaging market is estimated to be USD 4.78 billion and is anticipated to reach USD 7.02 billion by 2025.
  • In 2019, the value added in the construction industry in China is estimated to be around 7090.4 Billion RMB.
  • Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
Bio-Based Polyvinyl Chloride PVC Market Regional Trends

Competitive Landscape

The market for bio-based polyvinyl chloride is consolidated. Some of the players in the market include INOVYN, Bio-Tec Environmental, LLC, INEOS, ENSO Plastics, and Sylvin Technologies, Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Strict Government Guidelines for Environmental Safety

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Abrupt Outbreak of COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Pipes

      2. 5.1.2 Wires

      3. 5.1.3 Films

      4. 5.1.4 Cables

      5. 5.1.5 Others

    2. 5.2 End-User

      1. 5.2.1 Building & Construction

      2. 5.2.2 Transportation & Packaging

      3. 5.2.3 Electrical & Electronics

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Bio-Plastic Solutions, LLC

      2. 6.4.2 Bio-Tec Environmental, LLC

      3. 6.4.3 ENSO Plastics

      4. 6.4.4 INOVYN

      5. 6.4.5 Neste

      6. 6.4.6 Nomaco

      7. 6.4.7 Sylvin Technologies, Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Bio-Based Polyvinyl Chloride Market market is studied from 2016 - 2026.

The Bio-Based Polyvinyl Chloride Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

INOVYN, Bio-Tec Environmental, LLC, ENSO Plastics, Sylvin Technologies, Inc. are the major companies operating in Bio-Based Polyvinyl Chloride Market.

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