San Francisco, 5 December 2018: The global polyvinyl chloride (PVC) market is expected to reach USD 79.11 billion by 2020,
according to a new study by Grand View Research, Inc. Increasing construction
and infrastructure spending in emerging markets of Asia Pacific and Latin
America is expected to remain a key driving factor for global PVC demand. In
addition, growth of global automotive industry is also expected to have a
positive influence on the market. Volatile raw material prices coupled with the
stringent regulatory scenario, particularly in North America and Europe to limit
or minimize PVC use for medical applications are expected to remain key
challenges for market participants. In order to overcome such challenges, the
industry has shifted its focus towards developing bio-based alternatives to PVC
which is expected to provide future opportunities for market participants.
Construction
emerged as the leading application segment and accounted for 55.7% of the total
market volume in 2013. Increasing construction spending in BRICS nations on
account of organization of global events such as FIFA World Cup and Summer
Olympics in these nations is expected to drive the demand for PVC in
construction industry. Electrical & electronics is expected to be the
fastest growing application segment at an estimated CAGR of 5.4% from 2014 to 2020.
Growth of Chinese and Taiwanese electronics industry is expected to spur growth
for PVC in electrical & electronics industry.
Access Research Report
of Polyvinyl Chloride
Market@ www.grandviewresearch.com/industry-analysis/polyvinyl-chloride-pvc-market
Further key findings from the study suggest:
· Global PVC demand was 38.50 million tons in
2013 and is expected to reach 53.81 million tons by 2020, growing at a CAGR of
5.0% from 2014 to 2020.
· Asia Pacific emerged as the leading
regional market for PVC and accounted for 58.1% of total market volume in 2013.
Growth of construction industry, particularly in China, India and Indonesia is
expected to drive PVC demand in the region.
· Middle East & Africa is expected to be
the fastest growing region for polyvinyl chloride market at an estimated CAGR
of 5.9% from 2014 to 2020. Growth of major end-use industries such as
construction, automotive and electrical & electronics in Saudi Arabia and
South Africa is expected to drive the demand for PVC in this region.
· Some of the major companies in operating in
the global PVC market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics
Group, Axiall Corporation, Mexichem S.A.B., BASF, Georgia Gulf Corp., Arkema
S.A., and Westlake Chemica Corp, Sinopec Group, Solvay S.A., KEM One and
Xinjiang Zhongtai Chemical Co. Ltd.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View
Research has segmented the polyvinyl chloride (PVC) market on the basis of
application and region:
Global
Polyvinyl Chloride Application Outlook (Volume, Million Tons; Revenue, USD
Million, 2012 - 2020)
·
Construction
·
Consumer Goods
·
Packaging
·
Electrical & Electronics
·
Transportation
·
Others
Global
Polyvinyl Chloride Regional Outlook (Volume, Million Tons; Revenue, USD
Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
Middle East & Africa
·
Central & South America
Access Press Release of
Polyvinyl Chloride Market@ www.grandviewresearch.com/press-release/global-polyvinyl-chloride-pvc-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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