Polyvinyl Chloride (PVC) Market - Forecast (2021 - 2026)

The global Polyvinyl Chloride (PVC) Market is estimated to be $44.8 million in 2018 and is estimated to grow at a CAGR of 4.25%. There is a growing demand for PVC resins in end-user industry like building & construction owing to PVC’s many advantages like quality, safety and cost effectiveness. Countries like China and India in the Asia Pacific region contribute to the major share comprising half of the share in the growing global PVC Market. China is the leading producer of PVC in the Asia Pacific region in terms of volume and value because of the rise in construction industries in the country. Top exporter of PVC in the world is the USA with total exports of 2.7 million tons of PVC and it is followed by Republic of China with 1.05 million tons and Germany with 0.85 million tons of PVC. The top importer of PVC in the world is India with a total imports of 1.15 million tons of PVC and it is followed by China with 0.905 million tons and Belgium with 0.806 million imports of PVC.


Polyvinyl Chloride (PVC) Market Outlook:

Polyvinyl Chloride (PVC) is mainly available in two grades namely rigid and flexible. Flexible PVC resins are soft and can be amended than the rigid ones. This is because of the addition of plasticizers like diisononyl phthalate. Rigid PVC resins are mainly used in the production of pipes and used in the windows & doors etc. Flexible PVC resins are are commonly used in the insulation of electric wires, flooring, imitation leather, signage, phonographic record and many other applications.
 

Polyvinyl Chloride (PVC) Market report comprises of pricing analysis for different types of Polyvinyl Chloride (PVC). The price of Polyvinyl Chloride (PVC) is expected at $1420 per metric ton in USA, $1110 per metric ton in China, $1220 per metric ton in Russia and $1400 per metric ton of PVC in India. 
  
Polyvinyl Chloride (PVC) Market Growth Drivers: One of the major drivers in the global Polyvinyl Chloride (PVC) Market is the growing infrastructure activities around the world. PVC is used extensively in the building & construction industry owing to its various applications in wires, pipes, windows, doors and many others.

Polyvinyl Chloride (PVC) Market Challenges: Poor thermal capability and sensitiveness to oxidative degradation properties of polyvinyl chloride resins are some of the major challenges in the usage of PVC resins in many applications and in the global Polyvinyl Chloride Market.

Polyvinyl Chloride (PVC) Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Polyvinyl Chloride (PVC) market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Polyvinyl Chloride (PVC) market and their specific applications in different types of vehicles.

Polyvinyl Chloride (PVC) Market Report: Industry Coverage

Grades of Polyvinyl Chloride (PVC):  Rigid and Flexible

Process of production of Polyvinyl Chloride (PVC): Suspension Polymerization, Emulsion Polymerization and Bulk Polymerization. 

Applications of Polyvinyl Chloride (PVC): Pipes & Fittings, Doors & Windows, Wires & Cables Jacketing, Electrical Cable Insulation, Medical Appliances, Flooring, Imitation Leather, Signage, Phonograph Records, Inflatable Products, Bottles, Non-Food Packaging, Cards

Polyvinyl Chloride (PVC) market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • The Middle East and Africa: Israel, South Africa, Saudi Arabia

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Polyvinyl Chloride (PVC) Market Key Players Perspective: 

AkzoNobel is about to start supplying the first ever emulsion based organic peroxides in the US for manufacturing of polyvinyl chloride (PVC). Rob van de Graaf, Director of Sales, America’s - Polymer Chemistry explains “Organic peroxides often decompose at very low temperatures, which can lead to combustion when not stored or handled properly. Emulsions contain water, significantly reducing the chance of combustion, and increasing the safety of transport, storage and handling. The improved safety characteristics also allow for bulk storage and fully automated handling, reducing the risk of manual operation mishaps”.
Some of the key players mentioned in this report are Pau Tai Industrial Corporation (Taiwan), hin-Etsu Chemical Co. Ltd. (Japan), Formosa Plastics Corp. (U.S.), Songwon Industrial Co. Ltd. (South Korea), Occidental Petroleum Corp. (U.S.), Solvay SA (Belgium), Ineos Group Ltd. (Switzerland), AkzoNobel N.V. (Netherlands), Clariant AG (Switzerland), Arkema SA (France), BASF SE (Germany) and Baerlocher GmbH (Germany) among others. 

Polyvinyl Chloride (PVC) Market Trends:

  • A spanish based company Molecor has developed a new molecularly oriented PVC pipe called PVC-O. These PVCO pipes offer higher impact resistance than the conventional PVC pipes. Apart from the impact resistance, they also provide high corrosion resistance, increased hydraulic capacity, good ductility, energy efficient and low installation costs.
  • Researchers from Ohio University, USA, have invented a new synthetic leather material that repels water and oil based liquids. Synthetic leather is made from fabric coated with polyurethane (PU) or polyvinyl chloride (PVC). These both can be molded into flat sheets with grooves which gives them leather like texture.
  •  
  • Researchers from Ferdowsi University of Mashhad, Mashhad, Iran, have formulated a new polyvinyl chloride (PVC) - thermoplastic polyurethane (TPU) blend membranes for applications in Nano filtration. These membrane have shown good hydrophilic characteristics with high water flux and low threshold pressure for showing permeability. This research proved that PVC-TPU blend membranes are a good choice for membrane fabrication
  • Researchers from São Paulo University, Brazil, have made a new polyaniline-polyvinyl chloride (PVC) blended coatings especially for protecting the corrosion of carbon steel. After the corrosion analysis on a 1010 steel protected with polyaniline-polyvinyl chloride (PVC) blended coating, the results have shown that this coating offered an improved corrosion resistance when compared to bare 1010 steel in both saline and acidic medium. Therefore, this coating can be used as a low cost alternative for the existing corrosion protection polymer like polyaniline (PANI). 


  • Flexible PVC in Europe is applied on large scale to manufacture wires and cables. PVC cables account for around 7% of the PVC resins manufactured and for 46% of the cables market in Europe. The demand of PVC cables is growing due to its temperature handling capability and insulation properties. The PVC resin is simultaneously on high demand for satisfying the cable manufacturers.
  • Indian leader in PVC manufacturing Finolex industries has indicated that it will focus on the non-agri segment, especially housing, given the government focus on housing to meet USD 1 billion sales target by 2020.  The rise in agri industry is simultaneously expected but the growth rate would be slow. The current production capacity of all the finolex plants together is 2.72 lakh tons PVC resins and 2.9 lakh tonne of pipes & fittings per annum which is expected to double by 2020.

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