US PVC Resin Demand to See Drop in 2020, Slight Gains to 2024
Demand in the building and construction market will support modest growth longer term
CLEVELAND, Nov. 18, 2020 /PRNewswire/ -- US demand for polyvinyl chloride (PVC) resin is forecast to see minimal annual increases in volume terms through 2024, according to Polyvinyl Chloride: United States, a report recently released by Freedonia Focus Reports. Expanding building material and manufacturing shipments will increase demand for PVC. However, faster gains will be restrained by ongoing health and environmental concerns relating to dioxins and plasticizer use, which will spur preferences for alternatives to PVC particularly in the packaging and transport markets.
Demand is expected to decrease 3.4% in 2020. A drop in construction activity, particularly in commercial building construction, will crimp demand for PVC in the dominant building and construction market. Manufacturing shipment declines will weigh on PVC demand in the packaging and electrical and electronic product markets. Falling vehicle manufacturing will also lead to declines in the transport market. However, rising home renovation and homebuilding activity due to consumers seeking additional space in their residences will mitigate faster declines.
These and other key insights are featured in Polyvinyl Chloride: United States. This report forecasts for 2020 and 2024 US PVC resin demand and shipments in pounds and demand in nominal US dollars at the manufacturer level. Total demand in pounds is segmented by market in terms of:
- building and construction
- consumer and institutional
- electrical and electronic
- packaging
- transport
- other markets, such as furniture and furnishings; industrial goods and machinery; and adhesives, inks, and coatings
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2009 to 2019. Re-exports of PVC resin are excluded from demand and trade figures.
More information about the report is available at:
https://www.freedoniafocusreports.com/Polyvinyl-Chloride-United-States-FF55020/?progid=91541
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Materials & Chemicals reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected]
SOURCE The Freedonia Group
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