PVC Market - Global Industry Analysis

PVC Market- By Product Type (Rigid PVC and Flexible PVC) and By Application (Pipes & Fittings, Wires & Cables, Films & Sheets, and Bottles): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028

Published Date: 23-Mar-2022 Category: Chemical & Materials Report Format : PDF Pages: 166 Report Code: ZMR-150 Status : Published

The global PVC Market accrued earnings worth approximately 78.90 (USD Billion) in 2021 and is predicted to gain revenue of about 101.45(USD Billion) by 2028, is set to record a CAGR of nearly 5.6% over the period from 2022 to 2028.

Description

The global PVC Market accrued earnings worth approximately 78.90 (USD Billion) in 2021 and is predicted to gain revenue of about 101.45(USD Billion) by 2028, is set to record a CAGR of nearly 5.6% over the period from 2022 to 2028. The study provides assessment and analysis of the PVC Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

PVC Market: Outlook

Poly vinyl chloride is a polymer in which over half content by weight comprises of chlorine. The compound is manufactured by vinyl chloride monomer polymerization. It is available in rigid and flexible forms. Additionally, PVC is extensively utilized plastic resin in medical equipment and nearly one-fourth of all plastic medical components are made up from PVC.  The compound exhibits high chemical resistance & stability and it is compatible with blood bag & drug delivery applications. The compound formulations demonstrate toughness and strength. Moreover, the product can be utilized in different kinds of temperatures and also maintains flexibility as well as durability at reduced temperatures.

PVC Market: Growth Drivers

Growth of PVC market over forecasting timeline is owing to reduced costs and high performance that it imparts to plastics. In addition to this, large amount of plasticizers are utilized for minimizing rigidity and this can result in massive market demand. Furthermore, PVC flooring is ease to deploy, can be recycled, can be easily cleaned, and has ability to improve visual appeal of room. Moreover, the compound is utilized in roofing across building & construction sector. Additionally, the compound is utilized in various sectors due to requirement of low maintenance and durability.

Apparently, rise in spending capacity and increase in allocation of funds for construction sector will scale up size of PVC market in ensuing years. Large-scale use of poly vinyl chloride in selective packaging for medical equipment and apparatus will embellish market trends. Apart from this, bottle sleeving and electronic & consumer product packaging demand will boost scope of PVC industry in ensuing years.

Global PVC Market

PVC Market: Regional Insights

Asia Pacific PVC Market To Expand Leaps & Bounds Over 2022-2028

Expansion of regional market in next six years is due to rise in production of compound in countries such as China. A prominent increase in population of sub-continent and surging urbanization will steer growth of regional market over forecasting years. Presence of giant manufacturers in Asia Pacific zone will promote growth of Asia Pacific PVC industry in ensuing years.

PVC Market: Competitive Insights

Key players profiled in study and favorably impacting market size are Occidental Petroleum Corporation, Kem One, Vinnolit GmbH & Co. KG, Shin-Etsu Chemical Co. Ltd , Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B. de C.V., Formosa Plastics Group, INEOS Group Ltd, Solvay S.A., and AXIALL Corporation.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

The global PVC Market is segmented as follows:

By Product Type

  • Rigid PVC
  • Flexible PVC

By Application

  • Pipes & Fittings
  • Wires & Cables
  • Films & Sheets
  • Bottles

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global PVC Market, 2015 - 2021, (USD Billions)
    • 2.2. PVC Market: Market snapshot
  • Chapter 3. Global PVC Market – Industry Analysis
    • 3.1. PVC Market: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Significant growth in the building & construction segments
      • 3.2.2. Huge growth of automotive sectors
    • 3.3. Restraints
      • 3.3.1. Prohibited use of PVC in the construction of green buildings
    • 3.4. Opportunity
      • 3.4.1. Ongoing renewable PVC developments
    • 3.5. Value Chain Analysis
    • 3.6. Porter’s Five Forces Analysis
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market attractiveness analysis by application segment
      • 3.7.2. Market attractiveness analysis by type segment
      • 3.7.3. Market attractiveness analysis by end users segment
      • 3.7.4. Market attractiveness analysis by regional segment
  • Chapter 4. Global PVC Market - Competitive Landscape
    • 4.1. Company market share analysis, 2015 (Subject to data availability)
    • 4.2. Price trend analysis
  • Chapter 5. PVC Market – Application Segment Analysis
    • 5.1. Global PVC market volume share, by Application, 2015 & 2021
    • 5.2. Global pipes & fitting PVC market, 2015 – 2021 (USD Billions) (Kilo Tons)
    • 5.3. Global wire & cables market, 2015 – 2021 (USD Billions) (Kilo Tons)
    • 5.4. Global film & sheets PVC market, 2015 – 2021 (USD Billions) (Kilo Tons)
    • 5.5. Global bottles PVC market, 2015 – 2021 (USD Billions) (Kilo Tons)
    • 5.6. Global others PVC market, 2015 – 2021 (USD Billions) (Kilo Tons)
  • Chapter 6. Global PVC Market - Type Segment Analysis
    • 6.1. Global PVC market volume share, by type, 2015 & 2021
    • 6.2. Global PVC market for rigid PVC, 2015 – 2021 (USD Billions) (Kilo Tons)
    • 6.3. Global PVC market for flexible PVC, 2015 – 2021 (USD Billions) (Kilo Tons)
  • Chapter 7. Global PVC Market - End-User Segment Analysis
    • 7.1. Global PVC market volume share, by end-user, 2015 & 2021
    • 7.2. Global PVC market for automotive, 2015 – 2021 (USD Billion) (Kilo Tons)
    • 7.3. Global PVC market for electrical & electronic, 2015 – 2021 (USD Billion) (Kilo Tons)
    • 7.4. Global PVC market for construction, 2015 – 2021 (USD Billion) (Kilo Tons)
    • 7.5. Global PVC market for packaging, 2015 – 2021 (USD Billion) (Kilo Tons)
    • 7.6. Global PVC market for others end-user, 2015 – 2021 (USD Billion) (Kilo Tons)
  • Chapter 8. PVC Market - Regional Analysis
    • 8.1. Global PVC market: Regional overview
      • 8.1.1. Global PVC market volume share, by region, 2015 and 2021
    • 8.2. North America
      • 8.2.1. North America PVC market revenue, by type, 2015 – 2021 (USD Billions)
      • 8.2.2. North America PVC market volume, by type, 2015 – 2021 (Kilo Tons)
      • 8.2.3. North America PVC market revenue, by application, 2015 – 2021 (USD Billions)
      • 8.2.4. North America PVC market volume, by application, 2015 – 2021 (Kilo Tons)
      • 8.2.5. North America PVC market revenue, by end user, 2015 – 2021 (USD Billions)
      • 8.2.6. North America PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
    • 8.3. Europe
      • 8.3.1. Europe PVC market revenue, by type, 2015 – 2021 (USD Billions)
      • 8.3.2. Europe PVC market volume, by type, 2015 – 2021 (Kilo Tons)
      • 8.3.3. Europe PVC market revenue, by application, 2015 – 2021 (USD Billions)
      • 8.3.4. Europe PVC market volume, by application, 2015 – 2021 (Kilo Tons)
      • 8.3.5. Europe PVC market revenue, by end user, 2015 – 2021 (USD Billions)
      • 8.3.6. Europe PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific PVC market revenue, by type, 2015 – 2021 (USD Billions)
      • 8.4.2. Asia Pacific PVC market volume, by type, 2015 – 2021 (Kilo Tons)
      • 8.4.3. Asia Pacific PVC market revenue, by application, 2015 – 2021 (USD Billions)
      • 8.4.4. Asia Pacific PVC market volume, by application, 2015 – 2021 (Kilo Tons)
      • 8.4.5. Asia Pacific PVC market revenue, by end user, 2015 – 2021 (USD Billions)
      • 8.4.6. Asia Pacific PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
    • 8.5. Latin America
      • 8.5.1. Latin America PVC market revenue, by type, 2015 – 2021 (USD Billions)
      • 8.5.2. Latin America PVC market volume, by type, 2015 – 2021 (Kilo Tons)
      • 8.5.3. Latin America PVC market revenue, by application, 2015 – 2021 (USD Billions)
      • 8.5.4. Latin America PVC market volume, by application, 2015 – 2021 (Kilo Tons)
      • 8.5.5. Latin America PVC market revenue, by end user, 2015 – 2021 (USD Billions)
      • 8.5.6. Latin America PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa PVC market revenue, by type, 2015 – 2021 (USD Billions)
      • 8.6.2. Middle East & Africa PVC market volume, by type, 2015 – 2021 (Kilo Tons)
      • 8.6.3. Middle East & Africa PVC market revenue, by application, 2015 – 2021 (USD Billions)
      • 8.6.4. Middle East & Africa PVC market volume, by application, 2015 – 2021 (Kilo Tons)
      • 8.6.5. Middle East & Africa PVC market revenue, by end user, 2015 – 2021 (USD Billions)
      • 8.6.6. Middle East & Africa PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
  • Chapter 9. Company Profiles
    • 9.1. Occidental Petroleum Corporation
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Type portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Shin-Etsu Chemical Co. Ltd
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Type portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Xinjiang Zhongtai Chemical Co. Ltd
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Type portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Formosa Plastics Group
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Type portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Solvay S.A.
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Type portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. AXIALL Corporation
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Type portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. INEOS
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Type portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Mexichem S.A.B.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Type portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Vinnolit GmbH & Co. KG
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Type portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Kem One
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Type portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Table Of Figures

List of Figures

1. Global PVC market segmentation by type, application, end users and geography
2. Global PVC market, 2015 - 2021  (USD Billions) (Kilo Tons)
3. Porter’s five forces analysis:  PVC market
4. Global PVC market attractiveness, by type, 2015
5. Global PVC market attractiveness, by application, 2015
6. Global PVC market attractiveness, by end user, 2015
7. Global PVC market attractiveness, by regional, 2015
8. Global PVC market volume share, by application, 2015 - 2021
9. Global pipes & fitting PVC market, 2015 – 2021  (USD Billions) (Kilo Tons)
10. Global wire & cables market, 2015 – 2021  (USD Billions) (Kilo Tons)
11. Global film & sheets PVC market, 2015 – 2021  (USD Billions) (Kilo Tons)
12. Global bottles PVC market, 2015 – 2021  (USD Billions) (Kilo Tons)
13. Global others PVC market, 2015 – 2021  (USD Billions) (Kilo Tons)
14. Global PVC market volume share, by type, 2015 -2021
15. Global PVC market for rigid PVC, 2015 – 2021  (USD Billions) (Kilo Tons)
16. Global PVC market for flexible PVC, 2015 – 2021  (USD Billions) (Kilo Tons)
17. Global PVC market volume share, by end user, 2015 -2021
18. Global PVC market for automotive, 2015 – 2021 (USD Billion) (Kilo Tons)
19. Global PVC market for electrical & electronic, 2015 – 2021 (USD Billion) (Kilo Tons)
20. Global PVC market for construction, 2015 – 2021 (USD Billion) (Kilo Tons)
21. Global PVC market for packaging, 2015 – 2021 (USD Billion) (Kilo Tons)
22. Global PVC market for others end-user, 2015 – 2021 (USD Billion) (Kilo Tons)
23. Global PVC market volume share, by region, 2015 - 2021
24. North America PVC market, 2015 - 2021,  (USD Billions) (Kilo Tons)
25. Europe PVC market, 2015 - 2021,  (USD Billions) (Kilo Tons)
26. Asia Pacific PVC market, 2015 – 2021, (USD Billions) (Kilo Tons)
27. Latin America PVC market, 2015-2021,  (USD Billions) (Kilo Tons)
28. Middle East & Africa PVC market, 2015 – 2021, (USD Billions) (Kilo Tons)


Table Of Tables

List of Tables

1. Global PVC market snapshot
2. Drivers for PVC market: Impact analysis
3. Restraints of PVC market: Impact analysis
4. North America PVC market revenue, by type, 2015 – 2021 (USD Billions) 
5. North America PVC market volume, by type, 2015 – 2021 (Kilo Tons)
6. North America PVC market revenue, by application, 2015 – 2021 (USD Billions)
7. North America PVC market volume, by application, 2015 – 2021 (Kilo Tons)
8. North America PVC market revenue, by end user, 2015 – 2021 (USD Billions)
9. North America PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
10. Europe PVC market revenue, by type, 2015 – 2021 (USD Billions) 
11. Europe PVC market volume, by type, 2015 – 2021 (Kilo Tons)
12. Europe PVC market revenue, by application, 2015 – 2021 (USD Billions)
13. Europe PVC market volume, by application, 2015 – 2021 (Kilo Tons)
14. Europe PVC market revenue, by end user, 2015 – 2021 (USD Billions)
15. Europe PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
16. Asia Pacific PVC market revenue, by type, 2015 – 2021 (USD Billions) 
17. Asia Pacific PVC market volume, by type, 2015 – 2021 (Kilo Tons)
18. Asia Pacific PVC market revenue, by application, 2015 – 2021 (USD Billions)
19. Asia Pacific PVC market volume, by application, 2015 – 2021 (Kilo Tons)
20. Asia Pacific PVC market revenue, by end user, 2015 – 2021 (USD Billions)
21. Asia Pacific PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
22. Latin America PVC market revenue, by type, 2015 – 2021 (USD Billions) 
23. Latin America PVC market volume, by type, 2015 – 2021 (Kilo Tons)
24. Latin America PVC market revenue, by application, 2015 – 2021 (USD Billions)
25. Latin America PVC market volume, by application, 2015 – 2021 (Kilo Tons)
26. Latin America PVC market revenue, by end user, 2015 – 2021 (USD Billions)
27. Latin America PVC market volume, by end user, 2015 – 2021 (Kilo Tons)
28. Middle East & Africa PVC market revenue, by type, 2015 – 2021 (USD Billions) 
29. Middle East & Africa PVC market volume, by type, 2015 – 2021 (Kilo Tons)
30. Middle East & Africa PVC market revenue, by application, 2015 – 2021 (USD Billions)
31. iMiddle East & Africa PVC market volume, by application, 2015 – 2021 (Kilo Tons)
32. Middle East & Africa PVC market revenue, by end user, 2015 – 2021 (USD Billions)
33. Middle East & Africa PVC market volume, by end user, 2015 – 2021 (Kilo Tons)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Polyvinyl Chloride market. Zion Research has collected and analyzed key data belong to the global Polyvinyl Chloride market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Polyvinyl Chloride across the world has been calculated through primary and secondary research.

Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Polyvinyl Chloride industry. Primary research makes up major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Polyvinyl Chloride market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

PVC (Polyvinyl Chloride) is one the most widely used plastics produced by polymerization of the monomer vinyl chloride. Light weight, good mechanical strength, abrasion resistance, and toughness are the various properties of PVC (Polyvinyl Chloride) have allowed to use it in different industries such as construction, packaging, automotive and electrical industries.

Global PVC market (Polyvinyl chloride) growth has been accelerated by significant growth in the building & construction segments in Asia Pacific and Latin America. In addition, huge growth in the automotive industry, emerging demand of plastic film & sheets, rising demand of polyvinyl chloride in the packaging industry are the factors which may favor PVC market (Polyvinyl Chloride) growth in coming years. However, prohibited use of PVC in the construction of green buildings is expected to have the adverse impact on PVC (Polyvinyl Chloride) market. Nonetheless, ongoing renewable PVC developments are likely to offer new growth prospects for the market in the near future.

Global PVC Market

Pipes & fittings, wires and cables, film & sheets, bottles and others are the major application of PVC market. Pipes & fitting was leading application segment of global PVC market and expected to maintain its dominance throughout the forecast period. Based on the type, PVC market is categorized under rigid polyvinyl chloride and flexible polyvinyl chloride. In addition, the PVC market further segmented into various end users including automotive, electrical & electronics, construction, packaging, and others. Construction segment acquired the largest market share in 2015. Huge growth in the automotive sector is expected to drive the demand of PVC in the automotive segment.

Asia-Pacific was the largest market for PVC market in the world due to the rapidly growing building & construction industry. It accounted more than 52% of market share in 2015. Europe is the second largest market for PVC, followed by North America. The Middle East & Africa is expected to witness significant growth rate in the forecast period. The growth of this region is mainly driven by investments in infrastructure in GCC countries. Latin America is expected to show noticeable growth rate during the forecast period.

The key players operative in the global PVC market includes Occidental Petroleum Corporation , Shin-Etsu Chemical Co. Ltd , Xinjiang Zhongtai Chemical Co. Ltd., Formosa Plastics Group, INEOS , Solvay S.A., Mexichem S.A.B., Kem One , Vinnolit GmbH & Co. KG and AXIALL Corporation amongst others.

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FrequentlyAsked Questions

Growth of PVC market over forecasting timeline is owing to reduced costs and high performance that it imparts to plastics.   

According to Zion market research report, The global PVC Market accrued earnings worth approximately 78.90 (USD Billion) in 2021 and is predicted to gain revenue of about 101.45(USD Billion) by 2028, is set to record a CAGR of nearly 5.6% over the period from 2022 to 2028.

Asia Pacific will contribute lucratively towards the global market revenue over the projected timespan. The regional market surge is rise in production of compound in countries such as China.     

The key industry participants leveraging business landscape include Occidental Petroleum Corporation, Kem One, Vinnolit GmbH & Co. KG, Shin-Etsu Chemical Co. Ltd , Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B. de C.V., Formosa Plastics Group, INEOS Group Ltd, Solvay S.A., and AXIALL Corporation.

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