Market Size of Polyvinyl Chloride (PVC) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players_Market.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Polyvinyl Chloride (PVC) Market Analysis
The polyvinyl chloride (PVC) market is expected to register a CAGR of over 4% during the forecast period.
The COVID-19 outbreak resulted in an economic crisis worldwide. Globally, the major PVC-consuming industries, like automotive, electrical and electronics, and building and construction, were severely affected by the COVID-19 pandemic. However, the surging demand for PVC in post-pandemic industries propelled industry growth.
- Over the medium term, PVC's dominant position in the construction industry and the increasing applications in the healthcare industry are likely to drive the PVC market.
- The environmental and health hazards during PVC production, usage, and disposal are projected to hinder the market's growth.
- The accelerating PVC usage in electric vehicles is projected to act as an opportunity for the market in the future.
- Asia-Pacific is expected to dominate the PVC market during the forecast period. China is the largest consumer of PVC within the region, owing to the growing construction and automotive industry.
