LONDON, Feb. 2, 2016 /PRNewswire/ -- Europe Polyvinyl chloride (PVC) production capacities is currently estimated to be XX million tonnes in 2014 and is expected to reach XX million tonnes showing a compound annual growth rate of XX%. Europe currently dominates the market for PVC.
The demand for PVC is highest in Germany, where more than XX% of Europe PVC demand stems from. Demand in developed countries has largely stabilized, but the growing economies and large populations of developing countries means that they have huge consumption potential. Because of this, it is consequently vital to enhance energy efficiency and promote industrial recycling.
PVC are used in an increasing number of markets – from packaging, catering products, consumer electronics, automotive, agriculture/horticulture and toys to textiles and a number of other segments.
In addition, the construction industry is boosting in developing countries like India, where many PVC products are used in civil and structural engineering.
Rising continuous rise of environmental concerns has resulted in a new legislation that threatens PVC manufacturers, and the rising raw material costs may dampen the overall growth during the period. Also the competition from steel & concrete pipes pose a threat to PVC market in that segment.
As there is gradual substitution of plastics products in automobile industry, growing demand of electric vehicle is seen as good opportunity for plastics product manufacturers to focus on. Also, the development of renewable PVC can be put forward as a growth opportunity due to increasing awareness about the environment problems.
What the report contains
The report elucidates the situation of PVC around the world and studies the markets of the PVC product type which include Pipes & Fittings, Film & Sheets, Wire & Cables, Bottles and others.
Lastly, the report is divided by countries - Germany, United Kingdom, Italy, France and rest of Europe; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of PVC have been discussed in detail in addition to a comprehensive overview of the market.
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