Market Size of North America Polyvinyl Chloride (PVC) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 6.08 Million tons |
| Market Volume (2029) | 7.95 Million tons |
| CAGR (2024 - 2029) | > 5.50 % |
| Market Concentration | High |
Major Players_Market.webp)
*Disclaimer: Major Players sorted in no particular order |
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North America Polyvinyl Chloride (PVC) Market Analysis
The North America Polyvinyl Chloride Market size is estimated at 6.08 Million tons in 2024, and is expected to reach 7.95 Million tons by 2029, growing at a CAGR of greater than 5.5% during the forecast period (2024-2029).
The outbreak of COVID-19 significantly affected the North American construction sector due to government-imposed bans and restrictions, thereby limiting the growth of the polyvinyl chloride market in the region. But since these restrictions were lifted in 2021, the sector has been doing well. This is likely to bring the market back to the growth path that was studied during the forecast period.
- Over the medium term, the increasing use of plastics in the construction industry and increasing applications in the healthcare industry are likely to drive the polyvinyl chloride market in North America.
- On the other hand, polyvinyl's harmful effects on people and the environment will slow the growth of the studied market over the next few years.
- Also, recycling polyvinyl chloride and using it more and more in electric cars could lead to a chance in the future.
- In North America, the United States is the biggest producer of polyvinyl chloride, and it is likely to stay the biggest producer in the coming years as well, since the industries that use it are likely to grow even more.
