Market Size of Middle East & Africa 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 |
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*Disclaimer: Major Players sorted in no particular order |
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Middle East Africa Poly Vinyl Chloride (PVC) Market Analysis
The Middle East and African polyvinyl chloride (PVC) market is expected to register a CAGR of over 4.5% during the forecast period. PVC is strong and lightweight, durable to weathering, rotting, chemical corrosion and abrasion, versatile, and easy to use, as it can be cut, shaped, welded, and joined in any style.
The COVID-19 outbreak resulted in an economic crisis across the Middle East & African region. The major PVC-consuming industries, like automotive, building, and construction, were severely hit by the COVID-19 pandemic. However, the production is recovering to its pre-COVID capacity, indicating growing demand.
- Major factors driving the market studied are the 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.
- The accelerating usage of electric vehicles and PVC recycling are expected to act as an opportunity in the future.
