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Polyvinyl Chloride (PVC) Market Size, Share, Growth 2021; Opportunities, Demand and Analysis, Recent Trends, Forecast by Types and Application to 2030

In a recent published report, Kenneth Research has updated the market report for Polyvinyl Chloride (PVC) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Polyvinyl Chloride (PVC) Market products.

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According to the statistics by the Food and Agricultural Organization (FAO) of the United Nations, the total amount of pesticides used around the world grew from 3,089,827 tonnes in 2000 to 4,122,334 tonnes in 2018. Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Global Polyvinyl Chloride (PVC) Market Expected to Reach USD 115.6 Billion by 2026 according to a new report published by Polaris Market Research. Polyvinyl chloride is a vinyl chain polymer and is one of the largest produced synthetic commodity chemicals. The global PVC market id majorly driven by its high demand in some of the rapidly growing end-use industries such as electrical & electronics, building & construction, automotive, and packaging.

Polyvinyl chloride is manufactured in two grades, which include rigid and flexible and are have versatile applications globally. Some of the rigid polyvinyl chloride applications include door & window frames, pipes, bottles, credit cards, and other non-food packaging. Wires, cables, sheets, films, profile, pipes, fittings, and sidings are some of the applications for flexible polyvinyl chloride.

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Rising global population in tandem with the increase in disposable incomes has led to growth of many end-use industries that are high consumption areas for polyvinyl chloride. Growing construction industry has mainly projected growth for rigid polyvinyl chloride. Massive demand for consumer electronics products increased the demand of polyvinyl chloride in electronics industry. Modernized and lightweight automotive products have also led to steady growth in the consumption of polyvinyl chloride.

Technological developments are also a crucial factor for the flourishing growth of PVC industry. Modified PVC, PVC-M, oriented PVC, and PVC-O are the result of technical advancements and are used across a wide array of applications. This industry has also witnessed technical developments in terms of controlling harmful emissions. A significant result in this arena includes 99.45% reduction in lead additives and 90% compliance with the PVC Industry Energy and Greenhouse Gas Emissions Charter.

Asia Pacific is the most popular regional market for the polyvinyl chlorides. This regional demand is mainly driven by increased consumption from China, India, Indonesia, Vietnam, and Thailand. China became the world’s largest PVC importer around 1990s and as a result massive investments in the vinyl capacities and has huge capacities in excess today.

Western Europe and North America are the two mature markets for the polyvinyl chloride. The United States is the largest exporter of PVC where the offshore PVC markets have remained a significant outlet for the U.S. producers on account of its low-cost position that provides them an edge of shipping competitiveness globally. These two regions have almost similar market size with subdued capacities.

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Global polyvinyl chloride market comprises of large number of multinationals and regional players. Some of the major companies include China National Chemical Corporation, Formosa Plastics Corporation, Occidental Petroleum Corporation, Mexichem SAB de CV, INOVYN, Saudi Plastics Products Company Ltd, LG Chem, SABIC (Saudi Arabia Basic Industries Corporation), and Shin-Etsu Chemical Co. Ltd.

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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