Increasing Use Of PVC Worldwide To Boost The Global Market

22-May-2017 | Zion Market Research

PVC is a broad purpose plastic generally utilized in the construction segment, for instance, in pipe cabling & coating, window frames & shutters, and so on. It can be colored or clear, flexible or rigid, based on the added substances and ultimate application that requires to be achieved. It intrinsically has higher fire retarding characteristics owing to its chlorine quantity, even in the lack of fire retardants. As per the report, the worldwide PVC market was priced at USD 57.06 Billion in 2015 and is projected to achieve USD 78.90 Billion in 2021, developing at a 5.6% CAGR between 2016 and 2021.

The market is segmented on the basis of type, application, and end-users. Usually, the type segment is bifurcated into flexible polyvinyl chloride and rigid polyvinyl chloride. The rigid PVC is utilized in several applications such as construction and windows & door, whereas the flexible PVC is utilized in inflatable products, electrical cable insulation plumbing, signage, and medical devices.

Few of the prominent players in the worldwide market are include Occidental Petroleum Corporation, KEM one, Formosa Plastics Group, Finolex, Solvay S.A., Axiall Corporation, Ineos Chlorvinyls Ltd., and Shin-Etsu Chemical Co. Ltd. among others.

On the basis of application, the market is categorized into pipes & fittings, bottles, film & sheets, wires & cables, and others. The pipes & fittings segment is anticipated to dominate the market in the near future owing to the widespread usage in the construction industry. At present, the pipes & fittings segment, in terms of revenue, seizes a market share of 62%. The film & sheets segment is projected to display impulse growth in the coming period, which can be attributed to an encouraging viewpoint for specialty films along with rising use of plastic films & sheets in the agricultural sector.

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People around the world are installing sunscreens on the windows of the house to offer more shade in the house and echo the rays of the sun. At times, they are also called as shade screens or solar screens. This sort of sunscreen is fabricated from polyester coated with polyvinyl chloride to avoid heat transfer via windows. Few of the manufacturers claim that the screens can obstruct 80% of the rays of the sun.

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