Polyvinyl Chloride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025

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Polyvinyl Chloride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025

Status : September, 2021 | Chemical & Materials

Report Digest


Polyvinyl Chloride Market: Snapshot

The market for Polyvinyl Chloride (PVC) has made giant strides in the chemical and materials industry over the past three decades. The growth has been substantially fueled by the myriad applications of this versatile thermoplastic polymer in a wide spectrum of industries, such as construction, automotive, healthcare, packaging, electronics, and sports. The immense potential of the usage to which PVC can be put to in these applications is attributed to the potentially attractive structural and performance profile of the materials. The application of PVC is found to be especially promising in manufacturing panoply of medical devices to meet the variety of needs of the healthcare industry world over. The usage of PVC-based devices in the medical sector is made possible by making adequate modifications in surface. Relentless research have been done in the past few years to modify the surface properties of PVC to make them more biocompatible, reduce the surface hydrophobicity, remove unwanted protein adsorption, and eliminate bacterial adhesion. This is a significant trend expanding the horizon of the market. As a result, engineers have been tinkering with the strategies for making PVC surface treatments pertaining to the material bioactivity, optical, mechanical, and dielectric properties. The extensive application of plasma treatment to make some particular modification is a case in point. This may induce superficial functionalities making PVC fit for some demanding applications in the medical industry.

Some of the other techniques used for the surface treatment are high energy irradiation that includes UV treatment, and ozone treatment. Advancements in each of these technologies are expected to unlock promising prospects in the overall market. High energy irradiation may attract massive investment owing to costly equipment; nonetheless, they are safe as they don’t emit hazardous materials. Efforts are being made to find inexpensive methods of altering the surface chemistries but any noteworthy success has evaded engineers so far.

Global Polyvinyl Chloride Market: Overview

The global polyvinyl chloride market is growing at a healthy rate and is expected to register a promising growth rate in the next few years. The development of renewable polyvinyl chloride products is likely to offer growth opportunities in the coming years. The research study offers a detailed analysis of the global polyvinyl chloride market and throws light on the key growth factors and opportunities that are likely to accelerate the growth of the overall market throughout the forecast period. In addition to this, a comprehensive study of the competitive landscape has been provided in the scope of the study.

Global Polyvinyl Chloride Market: Key Trends

A tremendous growth in the use of renewable energy and the rising use of high efficient pumps are expected to boost the demand for polyvinyl chloride products, thus accelerating the growth of the global market. The rising demand for electric vehicles and the development of the wood plastics composites market are some of the other major factors that are predicted to generate potential growth opportunities for the market players in the next few years.

Global Polyvinyl Chloride Market: Market Potential

The increasing use of polyvinyl chloride products in the automobile sector and the rapid development of the building and construction industry are some of the major factors that are projected to encourage the growth of the global polyvinyl chloride market throughout the forecast period. Furthermore, the growing demand for polyvinyl chloride products for plastic films and sheets and medical devices sector are likely to generate promising growth opportunities for the market players. On the flip side, the use of polyvinyl chloride in the construction of green buildings and the rising competition form concrete and steel pipes are projected to restrict the growth of the overall market in the next few years.

Global Polyvinyl Chloride Market: Regional Outlook

Among the major regional segments, Asia Pacific is projected to account for a large share of the global polyvinyl chloride market throughout the forecast period. The high contribution from China is estimated to accelerate the growth of the Asia Pacific market in the coming years. This region is expected to be followed by Europe, acquiring the second position in the global market in terms of market share. The high growth of Europe can be attributed to the increasing demand for polyvinyl chloride products in Russia and Turkey. Furthermore, the rising number of players operating across the globe and the increasing number of applications are some of the key factors that are estimated to augment the growth of the polyvinyl chloride market in several developing nations around the world.

Global Polyvinyl Chloride Market: Competitive Analysis

The global market for polyvinyl chloride is competitive in nature with a high number of players operating in it across the globe. Some of the key players listed in the research study are Formosa Plastics Group, Mexichem S.A.B., Occidental Petroleum Corporation, Solvay S.A., KEM one, Xinjiang Zhongtai Chemical Co. Ltd., Ineos Chlorvinyls Ltd., Axiall Corporation, Vinnolit Gmbh & Co. Kg, and Shin-Etsu Chemical Co. Ltd. These players are focusing on technological developments and innovations so as to enhance their market penetration across the globe.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?