Polyvinyl Chloride Market Synopsis

Polyvinyl Chloride Market Size Was Valued at USD 45.3 Billion in 2023, and is Projected to Reach USD 63.4 Billion by 2032, Growing at a CAGR of 3.8% From 2024-2032.

Polyvinyl chloride referred to as PVC is a resilient and sturdy thermoplastic that is widely applied in many industries. Polyvinyl chloride Often referred to as PVC, is naturally white whereby it is made by the polymerization of Vinyl Chloride Monomer. Polyvinyl chloride is an artificial polymer that constitutes polar chlorine atoms in its intra-molecular space.   

• The growing usage of PVC across numerous application segments including pipes, fittings, and conduits for the construction industry driven by its properties like durability corrosion compensation for reduced cost is also contributing towards the development of this market. Besides this, increasing the number of employing PVC in the medical industry for manufacturing tubing, bags and medical accessories such as IV bags, blood bags due to its biocompatibility and ability to be sterilized are some of the trends that are driving growth in the market.
• Furthermore, an increased emphasis on the improvement of wire-insulating material and the cable sheathing used in electronic appliances, which offer electrical insulation, as well as protective features against harsh conditions, is opening to promising opportunities. In addition to this, PVC producers’ efforts to develop an environment-friendly PVC by incorporating bio-based feed stock and incorporating better recycling solutions are also stimulating the market growth. Furthermore, the increasing use of non-reusable medical instruments to decrease the transmission of disease agents is also driving the market growth.
• Thus, the global polyvinyl chloride market is experiencing the positive impact of a growing trend toward sustainable PVC at the present. Besides this, the companies have been employing different strategies to decrease their impact on the environment as this factor fuels the need for green products, especially the PVC ones. It is helpful that manufacturers are creating new methods and using the recycled material for manufacturing PVC, and as result helping the market to evolve sustainably. Besides, PVC consumer and business markets are specifying their awareness of using environment-friendly material and this factor is influencing the market for PVC in a positive way. Additionally there are many revised sustainable PVC formulations so the final products are not only environmentally friendly but they also perform better. This innovation is appealing to industries that require the use of PVC, including construction, automobile, and packaging industries since the use of the material helps them in part to reduce their impact on the environment and, at the same time increase on the quality of the final products.

Polyvinyl Chloride Market Trend Analysis

Shift in consumer awareness towards the use of more resilient and elastic material

• A shift in consumer awareness towards the use of more resilient and elastic material to produce goods is also enhancing PVC market trends. Furthermore, PVC has the property of being hard-wearing, and products made from PVC, including PVC floor covering & vinyl floor tiles, window frames, and pipes, are resistant to wear and tear, weather, and chemicals. It also guarantees that manufactured consumer goods, for example, are more durable than they have to be, thus less likely to need frequent replacement. PVC can be produced and ordered in specific colors, surface finish and gauges to fit into specific applications. This in turns enables the manufacturers to design consumer products that consider different propensity of consumers on aesthetics and at the same time be flexible and durable as intended.

Global rise in the usage of personal vehicles

• The increase in the use of personal vehicles for easy and comfortable transport experiences is consequential on the PVC market. In addition to this, PVC is also used in the automobile industry for making the parts including the dashboard, sitting cover, door lining and interior trims. It is also well established in its use for applications in wiring and cabling in automobiles. In the same way, the application of electric vehicles such as personal electric automobiles also known as PVC is contributing to the PVC market. PVC materials are used in electrical segments and electrical insulation for electric vehicles (EV’s) because they also play a part in the growth of PVC industry. The use of PVC in electric vehicles which are being purchased in large numbers is also helping the PVC market; since PVC materials are part of several electrical aspects and the insulation of EVs are also contributing to the overall PVC market.

Polyvinyl Chloride Market Segment Analysis:

Polyvinyl Chloride Market Segmented based on type, application, and end-use industry.

By Type, Rigid PVC segment is expected to dominate the market during the forecast period

• Rigid PVC has good mechanical strength, and is also chemically resistant and suitable for most corrosive and weathering conditions. Which makes it ideal for outdoor and difficult environment conditions. Compared with many other materials, it is quite cheap and therefore can be used in many different contexts. This material can easily be cut, shaped and welded thus can be used in various manufacturing processes. It is an excellent electric insulator used in electrical and cable insulation industries. It is widely employed as pipes and fittings, window frames, siding, roofing membranes, and cable insulations in construction industry. It is also used in various consumer goods such as toys, footwear, luggage and in inflatable structures.

By Application, Pipes and fittings segment held the largest share in 2023

• Pipes and fittings manufactured from PVC guarantee durability, and the agents involved in their production have satisfactory shelf life which ensures their endurance in varying weather conditions for indoor and outdoor uses. PVC is therefore lighter than some of the other materials which may be used or which can be used in the place of the pipes such as metals. This makes the PVC pipes lighter, easier to maneuver and transport, and as the pipes are easy to set in place, less man effort is used and there will be little or no transitory cost incurred. The PVC pipes have internal surfaces and they do not have friction and hence they will let the fluids to pass freely. This is very advantageous especially in issues to do with water conveyance for both pipes and irrigation activities. Furthermore, as known, PVC has an insulating effect or regulates the temperature within the pipe and the contained fluid. This comes in handy in use and is ideal when the environment requires a regulation of temperatures.

Polyvinyl Chloride Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Asia Pacific led the largest market share due to the growth in expenditure on the infrastructural needs of the development of numerous residential and commercial projects. In addition, the trends of heightened awareness for employing flexibility and sustainable materials in the packaging business also act as a driving force behind this market. Other than this, the growing use of PVC for new construction materials due to its cost effective and more durable nature than concrete, metals and woods for various applications has created the opportunities for growth in this market.

Active Key Players in the Polyvinyl Chloride Market

• 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
• Xinjiang Zhongtai Chemical Co. Ltd., and Other Key Players

Key Industry Developments in the Polyvinyl Chloride Market:

• In March 2024, Phoenix Industries, based in Colombo, introduced the Super PVC brand, a reimagined line of their existing PVC products. The re-launch aims to enhance market presence and product appeal with upgraded features and design innovations.
• In October 2022, INEOS Group Ltd stated that it planned to manufacture hundreds and thousand of tones of recycled raw materials from plastic waste to facilitate the circular economy of production of important plastics.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. POLYVINYL CHLORIDE MARKET BY PRODUCT TYPE (2017-2032)
   1. POLYVINYL CHLORIDE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RIGID PVC
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FLEXIBLE PVC
   5. OTHERS
7. POLYVINYL CHLORIDE MARKET BY APPLICATION (2017-2032)
   1. POLYVINYL CHLORIDE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PIPES AND FITTINGS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FILM AND SHEETS
   5. WIRE AND CABLES
   6. BOTTLES
   7. PROFILES
   8. HOSES AND TUBINGS
8. POLYVINYL CHLORIDE MARKET BY END USE INDUSTRY (2017-2032)
   1. POLYVINYL CHLORIDE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BUILDING AND CONSTRUCTION
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. AUTOMOTIVE
   5. ELECTRICAL AND ELECTRONICS
   6. PACKAGING
   7. FOOTWEAR
   8. HEALTHCARE
   9. OTHERS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. POLYVINYL CHLORIDE Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. ARKEMA S.A.
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. CHINA NATIONAL BLUESTAR (GROUP) CO. LTD. (CHINA NATIONAL CHEMICAL CORPORATION)
   4. FORMOSA PLASTICS CORPORATION
   5. INEOS GROUP LTD.
   6. KEM ONE
   7. LG CHEM LTD.
   8. MITSUBISHI CHEMICAL CORPORATION
   9. OCCIDENTAL PETROLEUM CORPORATION
   10. SAUDI BASIC INDUSTRIES CORPORATION (SAUDI ARABIAN OIL CO.)
   11. SHIN-ETSU CHEMICAL CO. LTD.
   12. WESTLAKE CHEMICAL CORPORATION
   13. XINJIANG ZHONGTAI CHEMICAL CO. LTD.
10. GLOBAL POLYVINYL CHLORIDE MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Product Type
       4. Historic And Forecasted Market Size By Application
       5. Historic And Forecasted Market Size By End Use Industry
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies