Polyvinyl Chloride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report