Global Polyvinyl Chloride (PVC) Market Expected To Reach USD 86.7 Billion By 2030, With A Steady CAGR Of 3.6% | Growth Market Reports

PUNE, India, Sept. 14, 2022 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Polyvinyl Chloride (PVC) Market" by Types (Rigid and Flexible), by Applications (Pipes & Fittings, Films & Sheets, Profiles & Tubes, Cables, Bottles, and Others), by End-users (Construction, Automotive, Packaging, Consumer Goods, and Others), and Regions: Size, Share, Trends and Opportunity Analysis, 2021-2030", the market was valued at USD 63.04 billion in 2021 and is expected to expand at a CAGR of 3.6% during the forecast period. The global polyvinyl chloride (PVC) market is projected to expand at a rapid pace, due to the rising use of PVC in electrical and electronic materials.

Key Market Players Profiled in the Report

• Occidental Petroleum Corporation
• Kem One
• Vinnolit GmbH & Co. KG
• Shin-Etsu Chemical Co. Ltd
• Xinjiang Zhongtai Chemical Co. Ltd.
• Mexichem S.A.B. de C.V.
• Formosa Plastics Group
• INEOS Group Ltd
• Solvay S.A.
• AXIALL Corporation

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include types, technologies, enterprises, applications, industry verticals, and competitor analysis.

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This report also includes a complete analysis of industry players that covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping them to expand their market share.

Highlights on the segments of the Polyvinyl Chloride (PVC) Market

In terms of types, the global polyvinyl chloride (PVC) market is bifurcated into rigid and flexible. The flexible segment is anticipated to expand at a sustainable CAGR during the forecast period, owing to rising demand for PVC from various end-users for various applications, due to its flexible property. Moreover, in the construction industries, flexible materials are chosen for manufacturing cables, pipes, flooring, coverings, and fencing applications.

Based on applications, the global polyvinyl chloride (PVC) market is segmented into pipes & fittings, films & sheets, profiles & tubes, cables, bottles, and others. The cables segment is expected to grow at a significant pace during the forecast period, owing to the increasing adoption of PVC for electrical & electronics applications by consumers.

Based on regions, the market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in the Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to the high use of PVC in the electronics sector. China is growing at a rapid pace as it accounts for large production of electronics.

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Key Takeaways from the Study:

• The market in the Asia Pacific region is attributed to the increasing use of PVC material in the manufacturing process of electric vehicles.
• Construction segment is anticipated to grow at a significant pace, as PVC has many applications in the construction sector in flooring, windows, roofing, and in pipes. PVC is utilized for roofing applications for more than three decades, as it is durable.
• Key players in the market introducing advanced and innovative products. Manufacturers are encouraged to invest in automated processes and research and developments to enhance their market share.

Read 196 Pages Research Report with Detailed ToC on "Global Polyvinyl Chloride (PVC) Market" by Types (Rigid and Flexible), by Applications (Pipes & Fittings, Films & Sheets, Profiles & Tubes, Cables, Bottles, and Others), by End-users (Construction, Automotive, Packaging, Consumer Goods, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2030"

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Key Segments Covered

By Types

• Rigid
• Flexible

By Applications

• Pipes & Fittings
• Films & Sheets
• Profiles & Tubes
• Cables
• Bottles
• Others

By End-users

• Construction
• Automotive
• Packaging
• Consumer Goods
• Others

By Regions

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Other Related Reports:

• Global Polyvinyl Chloride (PVC) Floor Market By Product Type (Sheets, Vinyl Tiles (VT), Luxury Vinyl Tiles (LVT)), By Composition (Homogenous, Heterogeneous), By End-Use (Commercial, Residential), By Sales Channel (Manufacturer/Distributor/Service Provider, Aftermarket) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)
• Global Polyvinyl Chloride (PVC) Resins Market by Type (Suspension Polyvinyl Chloride (PVC) Resins, Emulsion Polyvinyl Chloride (PVC) Resins, Blended Polyvinyl Chloride (PVC) Resins), By Application (Automotive, Building & Construction, Consumer Goods, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
• Global Polyvinyl Chloride (PVC) Foam Market Report 2021 – Market Size, Share, Price, Trend and Forecast
• Global Polyvinyl Chloride PVC Membranes Market by Type (Plasticized PVC Membranes, Unplasticized PVC Membranes), By Application (Construction and Building, Packaging and Transportation, Electronics and Electrical, Automotive and Aerospace Industries, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

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