Market Size of South America Polyvinyl Chloride (PVC) Industry
Study Period | 2019 - 2029 |
Market Volume (2024) | 1.88 Million tons |
Market Volume (2029) | 2.14 Million tons |
CAGR (2024 - 2029) | 2.65 % |
Fastest Growing Market | South America |
Largest Market | South America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Polyvinyl Chloride (PVC) Market Analysis
The South America Polyvinyl Chloride Market size is estimated at 1.88 Million tons in 2024, and is expected to reach 2.14 Million tons by 2029, growing at a CAGR of 2.65% during the forecast period (2024-2029).
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.
- Major factors driving the market studied 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 majorly hinder the growth of the market studied.
- The accelerating usage of electric vehicles and PVC recycling are likely to act as an opportunity in the future.