DUBLIN, Mar. 9, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Asia-Pacific Polyvinyl chloride (PVC) Market - Segmented by Product type, Application, End-User Industry and Geography - Trends and Forecasts (2016 - 2021)" report to their offering.
The Asia-Pacific Polyvinyl Chloride (PVC) market was valued at USD 29.04 billion in 2015, and is expected to grow at a CAGR of 7.14% during the forecast period 2015-2020.
Polyvinyl chloride (PVC), is a synthetic resin, produced from the polymerization of the vinyl chloride. It is the third most widely produced synthetic plastic polymer. It is classified into two prime categories namely thermoplastic resins and thermosetting resins. PVC owing to its high tensile strength, ease of processing and blending, and flame resistant properties, is being used in numerous end-user industries such as automotive; electrical & electronics; building & construction; packaging; footwear; and others. Vinyl monomer is manufactured from ethylene and chlorine, monomers are converted to polymer by catalytic action, polymer is compounded by additives, and compounded PVC is used to make products and are sold to consumers after finishing.
The market is driven by numerous factors such as usage of high-performance plastics to reduce the vehicle weight and for enhancing the fuel economy, growing demand from the construction industry, and rising application in the healthcare industry and medical devices market. However, this market faces certain drawbacks, such as volatility in raw material prices, and hazardous in nature. The aforementioned factors may act as a hindrance for the growth of the market.
- BASF SE
- Axiall Corp.
- E. I. du Pont de Nemours and Company (DuPont)
- Formosa Plastics Group
- Huntsman Corp.
- Ineos Chlorvinyls Ltd.
- Kem One
- Mexichem S.A.B.
- Occidental Petroleum Corp.
- Recticel SA
- Shin-Etsu Chemical Co. Limited
- The DOW Chemical Co.
- Westlake Chemical Corporation
- Xinjiang Zhongtai Chemical Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Asia-Pacific Polyvinyl Chloride (PVC) Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/fsqnsl/asiapacific
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/asia-pacific-polyvinyl-chloride-pvc-market-to-grow-at-a-cagr-of-714-by-2020---rising-application-in-the-healthcare-industry--medical-devices-market---research-and-markets-300421183.html
SOURCE Research and Markets