Polyvinyl Chloride (PVC) Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Product (Rigid PVC, Flexible PVC, Low-smoke PVC, and Chlorinated PVC), Stabilizer (Calcium-based Stabilizer, Lead-based Stabilizer, Tin-based Stabilizer, and Barium-based Stabilizer), Application (Pipes & Fittings, Film & Sheets, Wire & Cables, Bottles, and Profiles, Hoses & Tubing), End-user Industry (Building & Construction, Automotive, Electrical & Electronics, Packaging, Footwear, Healthcare, and Others), and Geography.

Market Snapshot

CAGR (new format
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

Commodity Chemicals Price Intelligence Center

Want to procure Price Intelligence Data to help your decision making?

Market Overview

The market for polyvinyl chloride (PVC) is anticipated to register a CAGR of 3.38% during the forecast period (2019-2024). One of the major factors driving the growth of the market studied is the rising usage of PVC from the automotive industry. The rising demand from construction, and increasing applications in the healthcare sector have also significantly contributed to the growth of the market studied.

  • The focus on minimizing carbon emissions and enhancing fuel economy, by way of reducing the weight of a vehicle, has given PVC the impetus as a lightweight material for manufacturing automobiles, thereby augmenting the growth of the market.
  • The shortage in the supply of feedstock, due to closing down of facilities and increase in prices of various products, is likely to hinder the PVC market growth in the coming years.
  • Major automotive companies are involved in the development of viable electric vehicles. Governments are extending a helping hand to electric vehicle manufacturers, with increasing pressure of global warming. Electric vehicles significantly decrease the consumption of fossil fuels, and thus, avoid the emission of carbon monoxide, nitrogen dioxide, carbon dioxide, and other harmful gases. They are an efficient, eco-friendly alternative to the present day automobiles. These factors are projected to act as an opportunity for the market in the future.

Scope of the Report

The polyvinyl chloride (PVC) market report includes:

Product Type
Rigid PVC
Clear Rigid PVC
Non-clear Rigid PVC
Flexible PVC
Clear Flexible PVC
Non-clear Flexible PVC
Low-smoke PVC
Chlorinated PVC
Stabilizer Type
Calcium-based Stabilizers (Ca-Zn Stabilizers)
Lead-based Stabilizers (Pb Stabilizers)
Tin and Organotin-based (Sn Stabilizers)
Barium Based and Others (Liquid Mixed Metals)
Application
Pipes & Fittings
Film & Sheets
Wire & Cables
Bottles
Profiles, Hoses & Tubing
Other Applications
End-user Industry
Building & Construction
Automotive
Electrical & Electronics
Packaging
Footwear
Healthcare
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Thailand
Indonesia
Kazakhstan
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Egypt
Morocco
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand from the Building and Construction Industry

  • 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. Such characteristics make it an ideal option for many applications, such as pipes, windows, flooring, and roofing.
  • PVC pipes have been used in building and construction for over 60 years, as they offer valuable energy saving during production, low-cost distribution, and a safe, maintenance-free lifetime of service. These pipes are widely used for pipeline systems for water, waste, and drainage, as these pipes suffer no build-up, scaling, corrosion, or pitting, and they provide smooth surfaces reducing energy requirements for pumping.
  • PVC flooring has benefits, such as durability, freedom of aesthetic effects, ease in installation, easy to clean, recyclability, etc. Thus, its flooring is used over years. Another area in the building and construction industry, where PVC is used is in roofing. It is used for its low maintenance requirements, and because it lasts more than 30 years.
  • The increasing infrastructure construction activities is the major driver in Asia-Pacific. This, coupled with the entry of major construction players from the European Union into lucrative market in countries, like China, has further fueled the growth of this the industry.
  • All the aforementioned factors are expected to drive the global market, during the forecast period.
Segmentation (ne

To understand key trends, Download Sample Report

Asia-Pacific to Dominate the Market

In the recent years, China has become a global industrial and manufacturing hub. The Chinese market is expected to witness a faster growth, in comparison to other countries, owing to the significant increase in the per capita income of the middle-class population and the resultant increase in the sales of consumer goods in the region. China has planned many infrastructural development projects, such as the Belt and Road Initiative and infrastructural project, which includes the development of airport (new Beijing airport), roads (30,000 km of highways, with bridges built or upgraded), 30,000 km of high speed rail covering (which is expected to cover more than 80 cities), and 60% of urbanization ratio with permanent residents. The electronics manufacturing industry is continually moving to China, as a result of low cost and increasing demand for electronics products. Growing household income in the country has led to increasing demand for electronic products. The Chinese manufacturing industry is expected to grow on an average of more than 7-8% every year, thereby being the dominant driving force for the country’s PVC market.

Regional (new format)

To understand geography trends, Download Sample Report

Competitive Landscape

The polyvinyl chloride (PVC) market is fragmented. In terms of market share, many of the major players currently dominate the market. Key players in the PVC market include China National Chemical Corporation (ChemChina), INOVYN, Occidental Petroleum Corporation, SABIC (Saudi Arabia Basic Industries Corporation), LG Chem, Saudi Plastic Products Company Ltd (SAPPCO), Kem One SAS ,and Westlake Chemical Corporation, among others.

Major Players

  1. Shin-etsu Chemicals Limited
  2. China National Chemical Corporation (ChemChina)
  3. Westlake Chemical Corporation
  4. Formosa Plastics Corporation
  5. Ineos

* Complete list of players covered available in the table of contents below

Market concentra

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 High Usage of Plastics to Reduce Vehicle Weight and Enhance Fuel Economy

      2. 4.1.2 Rising Demand from the Construction Industry

      3. 4.1.3 Increasing Applications in the Healthcare Industry

    2. 4.2 Restraints

      1. 4.2.1 Shortage in Supply of Feedstock

      2. 4.2.2 Hazardous Impact on Humans and Environment

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Rigid PVC

        1. 5.1.1.1 Clear Rigid PVC

        2. 5.1.1.2 Non-clear Rigid PVC

      2. 5.1.2 Flexible PVC

        1. 5.1.2.1 Clear Flexible PVC

        2. 5.1.2.2 Non-clear Flexible PVC

      3. 5.1.3 Low-smoke PVC

      4. 5.1.4 Chlorinated PVC

    2. 5.2 Stabilizer Type

      1. 5.2.1 Calcium-based Stabilizers (Ca-Zn Stabilizers)

      2. 5.2.2 Lead-based Stabilizers (Pb Stabilizers)

      3. 5.2.3 Tin and Organotin-based (Sn Stabilizers)

      4. 5.2.4 Barium Based and Others (Liquid Mixed Metals)

    3. 5.3 Application

      1. 5.3.1 Pipes & Fittings

      2. 5.3.2 Film & Sheets

      3. 5.3.3 Wire & Cables

      4. 5.3.4 Bottles

      5. 5.3.5 Profiles, Hoses & Tubing

      6. 5.3.6 Other Applications

    4. 5.4 End-user Industry

      1. 5.4.1 Building & Construction

      2. 5.4.2 Automotive

      3. 5.4.3 Electrical & Electronics

      4. 5.4.4 Packaging

      5. 5.4.5 Footwear

      6. 5.4.6 Healthcare

      7. 5.4.7 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. 5.5.1.1 China

        2. 5.5.1.2 India

        3. 5.5.1.3 Japan

        4. 5.5.1.4 South Korea

        5. 5.5.1.5 Thailand

        6. 5.5.1.6 Indonesia

        7. 5.5.1.7 Kazakhstan

        8. 5.5.1.8 Rest of Asia-Pacific

      2. 5.5.2 North America

        1. 5.5.2.1 United States

        2. 5.5.2.2 Canada

        3. 5.5.2.3 Mexico

      3. 5.5.3 Europe

        1. 5.5.3.1 Germany

        2. 5.5.3.2 United Kingdom

        3. 5.5.3.3 Italy

        4. 5.5.3.4 France

        5. 5.5.3.5 Spain

        6. 5.5.3.6 Rest of Europe

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle East & Africa

        1. 5.5.5.1 Saudi Arabia

        2. 5.5.5.2 South Africa

        3. 5.5.5.3 United Arab Emirates

        4. 5.5.5.4 Egypt

        5. 5.5.5.5 Morocco

        6. 5.5.5.6 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 China National Chemical Corporation (ChemChina)

      2. 6.4.2 Formosa Plastics Corporation

      3. 6.4.3 INOVYN

      4. 6.4.4 Mexichem SAB de CV

      5. 6.4.5 Occidental Petroleum Corporation

      6. 6.4.6 Saudi Plastic Products Company Ltd (SAPPCO)

      7. 6.4.7 SABIC (Saudi Arabia Basic Industries Corporation)

      8. 6.4.8 Shin-Etsu Chemical Co. Ltd

      9. 6.4.9 Tianjin Bohai Chemical Industries Imp. & Exp. Corp.

      10. 6.4.10 Kem One SAS

      11. 6.4.11 LG Chem

      12. 6.4.12 Westlake Chemical Corporation

      13. 6.4.13 Xinjiang Zhongtai Chemical Co. Ltd

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

    1. 7.1 Accelerating Usage in Electric Vehicles

    2. 7.2 Recycled PVC

**Subject to Availability

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information