Global Polyvinyl Chloride (PVC) Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Polyvinyl chloride (PVC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Polyvinyl chloride (PVC) market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global polyvinyl chloride (PVC) market size reached US$ 43.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Polyvinyl chloride (PVC) stands as a highly adaptable synthetic polymer within the realm of plastics. Renowned for its durability, strength, and resilience against chemicals, weather, and abrasion, it proves to be a prime selection for construction and building materials. Its pliability allows for seamless molding using diverse processing methods, including injection molding and extrusion. Common applications encompass pipes, fittings, window frames, and vinyl siding, all benefiting from its enduring nature and ease of upkeep. Moreover, PVC finds extensive use in an array of items, such as vinyl flooring, inflatable toys, rainwear, and medical tubing.
Global Polyvinyl Chloride (PVC) Market Trends and Drivers:
PVC finds extensive use within the construction sector, specifically in pipes, fittings, and conduits, owing to its remarkable durability, resistance to corrosion, and cost-effectiveness. Notably, the global market is bolstered by the surge in construction activities in both residential and commercial domains. Additionally, the increasing adoption of PVC for electrical and electronic applications, encompassing cable insulation, wire coatings, and cable sheathing, due to its commendable electrical properties and protective attributes, further fuels market growth. Moreover, the healthcare industry’s escalating utilization of PVC in medical tubing, bags, and containers, attributed to its biocompatibility and resistance to chemicals, serves as a positive influencer on the market.
Global Polyvinyl Chloride (PVC) Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Arkema S.A., China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), Formosa Plastics Corporation, INEOS Group Ltd., KEM ONE, LG Chem Ltd., Mitsubishi Chemical Corporation, Occidental Petroleum Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Shin-Etsu Chemical Co. Ltd., Westlake Chemical Corporation and Xinjiang Zhongtai Chemical Co. Ltd.
The report segmented the market on the basis of region, product type, application and end use industry.
Breakup by Product Type:
- Rigid PVC
- Flexible PVC
- Others
Breakup by Application:
- Pipes and Fittings
- Film and Sheets
- Wire and Cables
- Bottles
- Profiles, Hoses and Tubings
- Others
Breakup by End Use Industry:
- Building and Construction
- Automotive
- Electrical and Electronics
- Packaging
- Footwear
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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