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.
Browse full research report on Polyvinyl Chloride (PVC) Market: https://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: https://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
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.
For more information: www.grandviewresearch.com
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