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Mar 12, 2024

Polyvinyl chloride (PVC) market analysis outlooks 2027: Market size of the historic period(2017 to 2021), Market size of the forecast period (2023

News provided by 26 Jul, 2023, 02:30 ET Share this article NEW YORK, July 26, 2023 /PRNewswire/ -- The polyvinyl chloride (PVC) market is set to grow by USD 30.98 billion from 2022 to 2027. However,

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26 Jul, 2023, 02:30 ET

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NEW YORK, July 26, 2023 /PRNewswire/ -- The polyvinyl chloride (PVC) market is set to grow by USD 30.98 billion from 2022 to 2027. However, the growth momentum will progress at a CAGR of 7.12% during the forecast period, according to Technavio. The polyvinyl chloride (PVC) market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Arkema Group, BASF SE, Dow Chemical Co., Formosa Plastics Corp., Huntsman International LLC, KEM ONE, Lanxess AG, LG Chem Ltd., Mitsubishi Chemical Corp., Occidental Petroleum Corp., Orbia Advance Corp. SAB de CV, Reliance Industries Ltd., Saudi Basic Industries Corp., Shin Etsu Chemical Co. Ltd., Sika AG, Solvay SA, The Lubrizol Corp., The Sanmar Group, Westlake Corp., and Xinjiang Zhongtai Chemical Co. Ltd. are some of the major market participants -. To know about the vendor offerings - Request a sample report

Polyvinyl Chloride (PVC) Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The polyvinyl chloride (PVC) market report covers the following areas:

The polyvinyl chloride (PVC) market is fragmented, and the degree of fragmentation will accelerate. The growth in global infrastructure will offer immense growth opportunities. However, the hazardous manufacturing process of polyvinyl chloride will hamper the market growth.

Polyvinyl Chloride (PVC) Market 2023-2027: Drivers & Challenges

The better recyclability of polyvinyl chloride drives the growth of the PVC market. Plastics are non-biodegradable, and they remain in the environment for a long time without decomposing thus, recycling saves energy by eliminating the need to manufacture plastic from scratch. Resultantly, the size of landfills reduces significantly when plastic is recycled. For instance, recycling a ton of plastic can save approximately 7.2 cubic yards of landfill space. Also, Recovinyl is an initiative by the European polyvinyl chloride industry, which focuses on improving production processes, minimizing toxic emissions, enhancing recycling technology, and helping in the collection of waste. Hence, such factors are expected to drive the growth of the global PVC Market during the forecast period.

The competition from other plastics challenges the growth of the PVC market. Polyvinyl chloride is a versatile material used in a wide range of applications but it faces high competition from other plastics, such as polyethylene and polypropylene. The reason for this is, these plastics are often less expensive than polyvinyl chloride and have similar properties. Also, the cost of producing other plastics is often lower than the cost of producing polyvinyl chloride because of numerous factors. The factors include the lower price of raw materials and the more efficient production processes. Hence, such challenges are expected to pose a threat to the global polyvinyl chloride (PVC) market during the forecast period.

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Polyvinyl Chloride (PVC) Market 2023-2027: Segment Analysis

Polyvinyl Chloride (PVC) Market 2023-2027: Segmentation Highlights

The pipes and fittings segment will be significant for market growth during the forecast period. Owing to factors such as the increasing demand for polyvinyl chloride pipes and fittings in the building and construction industry, the segment experiences growth. PVC pipes and fittings are used in various applications, including water supply, sewage, drainage, and gas distribution. Manufacturing furniture, windows, and doors are other applications of PVC. Hence, such factors will increase the demand for pipes and fittings during the forecast period.

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Polyvinyl Chloride (PVC) Market 2023-2027: Key Highlights

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Polyvinyl Chloride (PVC) Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.12%

Market growth 2023-2027

USD 30.98 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.65

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 65%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Arkema Group, BASF SE, Dow Chemical Co., Formosa Plastics Corp., Huntsman International LLC, KEM ONE, Lanxess AG, LG Chem Ltd., Mitsubishi Chemical Corp., Occidental Petroleum Corp., Orbia Advance Corp. SAB de CV, Reliance Industries Ltd., Saudi Basic Industries Corp., Shin Etsu Chemical Co. Ltd., Sika AG, Solvay SA, The Lubrizol Corp., The Sanmar Group, Westlake Corp., and Xinjiang Zhongtai Chemical Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Raw Material

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio