Asia Pacific Polyvinyl Chloride (PVC) Market by Products (Rigid PVC [Clear rigid PVC and Non-clear rigid PVC], Flexible PVC [Clear Flexible PVC and Non-clear Flexible PVC], Low-smoke PVC, and Chlorinated PVC), Stabilizers (Calcium-based Stabilizers, Lead-based Stabilizers, Tin and Organotin-based Stabilizers, and Barium-based and Others), Applications (Pipes and Fittings, Films and Sheets, Wires and Cables, Bottles, Profiles, Hoses and Tubings, and Others), End-user Industries (Building and Construction, Automotive, Electrical and Electronics, Packaging, Footwear, Healthcare, and Others), and Geographies (China, India, Japan, South Korea and Rest of Asia-Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031
The Asia Pacific polyvinyl chloride (PVC) market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.5% during 2023–2031. The growth of the market is attributed to the rising use of PVC in the construction industry.
PVC is a synthetic resin, produced from the polymerization of the vinyl chloride. It is the third most widely produced synthetic plastic polymer. The synthetic resin is classified as thermoplastic resins and thermosetting resins.
PVC exhibits high tensile strength and flame resistant, and eases the processing and blending. This results its usage in numerous end-user industries such as automotive, electrical & electronics, building & construction, packaging, and footwear.
Vinyl monomer is manufactured from ethylene and chlorine. Monomers are converted to polymer by catalytic action, while polymer is compounded by additives, and compounded PVC is used to produce finished products. Usage of high-performance plastics to reduce the vehicle weight and enhance the fuel economy is driving the consumption of PVC.
Market Drivers, Restraints, Trends, and Opportunities
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Growing demand from the construction industry owing to rapid urbanization is expected to propel the market growth.
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Rising application of PVC in the healthcare industry is anticipated to spur the growth of the market.
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Hazardous impact of PVC on environment can restrain the market growth.
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Expanding use of electric vehicles and increasing PVC recycling are expected to create lucrative opportunities in the projected timeline.
Scope of Polyvinyl Chloride (PVC) Market Report
The report on the Asia Pacific Polyvinyl Chloride PVC Market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Polyvinyl Chloride PVC Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Products (Rigid PVC [Clear rigid PVC and Non-clear rigid PVC], Flexible PVC [Clear Flexible PVC and Non-clear Flexible PVC], Low-smoke PVC, and Chlorinated PVC), Stabilizers (Calcium-based Stabilizers, Lead-based Stabilizers, Tin and Organotin-based Stabilizers, and Barium-based and Others), Applications (Pipes and Fittings, Films and Sheets, Wires and Cables, Bottles, Profiles, Hoses and Tubings, and Others), End-user Industries (Building and Construction, Automotive, Electrical and Electronics, Packaging, Footwear, Healthcare, and Others) |
Geographical Scope |
China, India, Japan, South Korea, and Rest of Asia Pacific |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Formosa Plastics Corporation, Xinjiang Tianye, East Hope Group, LG Chem, and China National Chemical Corporation (ChemChina) |
Asia Pacific Polyvinyl Chloride PVC Market Segment Insights
Flexible PVC segment to account a large market share
Based on type, the market is divided as rigid PVC, flexible PVC, low-smoke PVC, and chlorinated PVC. The rigid PVC segment is further segmented into clear rigid PVC and non-clear rigid PVC. The flexible PVC segment is divided into clear flexible PVC and non-clear flexible PVC. The flexible PVC segment is projected to account for a large market share during the forecast period. Increasing use of flexible PVC in various industries is driving the growth of the market segment.
Calcium-based stabilizers segment to account a significant market share
Based on stabilizers, the market is classified as calcium-based stabilizers, lead-based stabilizers, tin and organotin-based stabilizers, and barium-based and others. The calcium-based stabilizers segment is projected to account for a significant market share during the forecast period. The sustained stability offered by calcium-based stabilizers is expected to fuel the market growth.
Pipes and fittings segment to exhibit a high CAGR
Based on applications, the market is categorized as pipes and fittings, films and sheets, wires and cables, bottles, profiles, hoses and tubings, and others. The pipes and fittings segment is projected to exhibit a high CAGR during the forecast period. Rising use of pipings and fittings in building, construction, chemical, and energy industries is fostering the market segment. Pipes and fittings are widely used in fluid transport for lifting, transporting, distributing and disposing.
Building and Construction segment to account a considerable market share
Based on end-user industries, the market is segregated into building and construction, automotive, electrical and electronics, packaging, footwear, healthcare, and other end-users. The building and construction segment is projected to account for a considerable market share during the forecast period. Rising population, increasing middle-class income, and rapid urbanization are driving the growth of the market segment.
China to dominate the market
Based on geographies, the market is segmented into China, India, Japan, South Korea, and Rest of Asia Pacific. China is projected to dominate the market during the forecast period. In recent times, China has become a global industrial and manufacturing hub. The market in China is expected to grow at a significant rate during the forecast period. Increasing per-capita income of the middle-class population is fueling the growth of the market in the country.
China has planned many infrastructural projects, such as the Belt and Road Initiative, as well as infrastructure projects, such as the development of airport (new Beijing airport), roads (30,000 km of highways, with bridges built or upgraded), and 30,000 km of high speed rail covering, which is expected to cover more than 80 cities.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyvinyl Chloride (PVC) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Polyvinyl Chloride (PVC) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polyvinyl Chloride (PVC) Market - Supply Chain
4.5. Global Polyvinyl Chloride (PVC) Market Forecast
4.5.1. Polyvinyl Chloride (PVC) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyvinyl Chloride (PVC) Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Polyvinyl Chloride (PVC) Market Absolute $ Opportunity
5. Global Polyvinyl Chloride (PVC) Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
5.3.1. Rigid PVC Flexible PVC Low-smoke PVC Chlorinated PVC
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Polyvinyl Chloride (PVC) Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Applications
6.3.1. Pipes and Fittings Films and Sheets Wires and Cables Bottles Profiles Hoses and Tubings Other Applications
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Polyvinyl Chloride (PVC) Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Polyvinyl Chloride (PVC) Market Size and Volume Forecast by End Users
7.3.1. Building and Construction Automotive Electrical and Electronics Packaging Footwear Healthcare Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Polyvinyl Chloride (PVC) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
9. North America Polyvinyl Chloride (PVC) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
9.4.1. Rigid PVC Flexible PVC Low-smoke PVC Chlorinated PVC
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Applications
9.7.1. Pipes and Fittings Films and Sheets Wires and Cables Bottles Profiles Hoses and Tubings Other Applications
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by End Users
9.10.1. Building and Construction Automotive Electrical and Electronics Packaging Footwear Healthcare Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
10. Latin America Polyvinyl Chloride (PVC) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
10.4.1. Rigid PVC Flexible PVC Low-smoke PVC Chlorinated PVC
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Applications
10.7.1. Pipes and Fittings Films and Sheets Wires and Cables Bottles Profiles Hoses and Tubings Other Applications
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by End Users
10.10.1. Building and Construction Automotive Electrical and Electronics Packaging Footwear Healthcare Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
11. Europe Polyvinyl Chloride (PVC) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
11.4.1. Rigid PVC Flexible PVC Low-smoke PVC Chlorinated PVC
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Applications
11.7.1. Pipes and Fittings Films and Sheets Wires and Cables Bottles Profiles Hoses and Tubings Other Applications
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Polyvinyl Chloride (PVC) Market Size and Volume Forecast by End Users
11.10.1. Building and Construction Automotive Electrical and Electronics Packaging Footwear Healthcare Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
12. Asia Pacific Polyvinyl Chloride (PVC) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
12.4.1. Rigid PVC Flexible PVC Low-smoke PVC Chlorinated PVC
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Applications
12.7.1. Pipes and Fittings Films and Sheets Wires and Cables Bottles Profiles Hoses and Tubings Other Applications
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Polyvinyl Chloride (PVC) Market Size and Volume Forecast by End Users
12.10.1. Building and Construction Automotive Electrical and Electronics Packaging Footwear Healthcare Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
13. Middle East & Africa Polyvinyl Chloride (PVC) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
13.4.1. Rigid PVC Flexible PVC Low-smoke PVC Chlorinated PVC
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Applications
13.7.1. Pipes and Fittings Films and Sheets Wires and Cables Bottles Profiles Hoses and Tubings Other Applications
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Polyvinyl Chloride (PVC) Market Size and Volume Forecast by End Users
13.10.1. Building and Construction Automotive Electrical and Electronics Packaging Footwear Healthcare Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Polyvinyl Chloride (PVC) Market: Market Share Analysis
14.2. Polyvinyl Chloride (PVC) Distributors and Customers
14.3. Polyvinyl Chloride (PVC) Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Formosa Plastics Corporation Xinjiang Tianye East Hope Group LG Chem China National Chemical Corporation (ChemChina)