Polyvinyl Chloride (PVC) Market Size, Share, Growth, Trends, Report Analysis 2023-2028

Global Polyvinyl Chloride (PVC) Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Polyvinyl Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global polyvinyl chloride (PVC) market report, trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global polyvinyl chloride (PVC) market size reached US$ 43.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

Polyvinyl chloride (PVC) is a man-made polymer produced through the polymerization of vinyl chloride monomers. Its physical and chemical properties make it highly adaptable, allowing manufacturers to easily tailor its characteristics to meet specific application requirements. PVC exhibits exceptional resistance to environmental and chemical degradation, resulting in exceptional durability, longevity, and minimal maintenance requirements. Its cost-to-performance ratio is advantageous when compared to other materials, underscoring its significance in manufacturing and production processes. Due to its inherent waterproof and moisture-resistant qualities, PVC finds application in the fabrication of raincoats and boots. Moreover, it is a favored choice for producing vinyl siding, a popular material for cladding building exteriors.

Global Polyvinyl Chloride (PVC) Market Trends and Drivers:

The market is experiencing significant growth due to various factors. One key driver is the surging demand for rigid PVC products, including pipes, window frames, and roofing materials, within the construction industry. Additionally, the automotive sector is contributing to market expansion as PVC is increasingly used for wire coatings, interior paneling, and under-the-hood components. Furthermore, the medical industry is favoring medical-grade PVC for products like intravenous bags and tubing, given its resistance to contamination. Moreover, the market is benefiting from the adoption of regulatory reforms that emphasize sustainability, leading to an increased use of eco-friendly, bio-based, and recyclable PVC varieties. The construction of smart homes, equipped with Internet of Things (IoT) technology, is driving the utilization of PVC in smart cabling and networking infrastructure. Efficient water management systems, aimed at providing clean drinking water, are another positive influence on the market. In addition, the e-commerce sector is contributing to market growth by employing flexible PVC packaging solutions. These solutions are highly adaptable, easily molded into various shapes and sizes, making them suitable for a wide range of packaging applications.

Global Polyvinyl Chloride (PVC) Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Arkema S.A., China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), Formosa Plastics Corporation, INEOS Group Ltd., KEM ONE, LG Chem Ltd., Mitsubishi Chemical Corporation, Occidental Petroleum Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Shin-Etsu Chemical Co. Ltd., Westlake Chemical Corporation and Xinjiang Zhongtai Chemical Co. Ltd.

The report segmented the market on the basis of region, product type, application and end use industry.

Breakup by Product Type:

• Rigid PVC
• Flexible PVC
• Others

Breakup by Application:

• Pipes and Fittings
• Film and Sheets
• Wire and Cables
• Bottles
• Profiles, Hoses and Tubings
• Others

Breakup by End Use Industry:

• Building and Construction
• Automotive
• Electrical and Electronics
• Packaging
• Footwear
• Healthcare
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

134 N 4th St. Brooklyn, NY 11249, USA

Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800