Market Size of Europe Polyvinyl Chloride (PVC) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | < 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe PVC Market Analysis
In Europe, polyvinyl chloride (PVC) is expected to register a CAGR of around 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Several countries imposed factory shutdowns, leading to lower production, but the market steadily recovered in 2021.
- Major factors driving the market study are the increasing 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 hinder the growth of the market studied.
- The accelerating usage of electric vehicles and PVC recycling are likely to act as opportunities in the future.
