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Polyvinyl Chloride (PVC) Market Trends, Industry & Size 2031
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Polyvinyl Chloride (PVC) Market Trends, Industry & Size 2031

Segments - Polyvinyl Chloride (PVC) Market by Types (Rigid and Flexible), by Applications (Pipes & Fittings, Films & Sheets, Profiles & Tubes, Cables, Bottles, and Others), by End-users (Construction, Automotive, Packaging, Consumer Goods, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-4676 | 4.5 Rating | 66 Reviews | 196 Pages | Format : PDF Excel PPT

Report Description


The global polyvinyl chloride (PVC) market was valued at USD 65.31 Billion in 2022 and is anticipated to reach USD 89.79 Billion by 2031, expanding at a CAGR of 3.6% during the forecast period between 2023 and 2031. The use of PVC material in the packaging industry is growing day-by-day, which is expected to drive the PVC market. Various applications of PVC in automobile, construction, and films & sheets is anticipated to fuel the market. Surging demand for PVC from furniture, footwear, clothing, and sports industries, due to its water-resistant property and low cost, propels the PVC market.

Polyvinyl Chloride Market Outlook

Introduction to PVC

Polyvinyl chloride, which is abbreviated as PVC, is a synthetic polymer of plastic. Every year more than 40 million tons of PVC is synthesized. Around 60 million tons of PVC was manufactured in 2021 globally. Pure PVC is white in color and brittle by nature. It shows solubility in tetrahydrofuran but not in alcohol. PVC is usually bifurcated into rigid and flexible types. The rigid type of PVC is termed as RPVC. PVC has multiple applications in the packaging industry. It also has applications in the biomedical field and carpet backing. PVC is used to manufacture plastic bottles, food-covering sheets, and plastic cards. Inclusion of plasticizers in the manufacture of PVC makes it soft and flexible. Phthalates are commonly used as plasticizers in the manufacture of PVC.

  • High use of PVC in construction and healthcare sectors is expected to drive the PVC market.

  • Increasing use of PVC in electrical and electronic materials is boosting the PVC market.

  • During the pandemic, consumers spent a small percentage of their income for purchasing new products, which hindered the growth of the PVC market.

  • Along with the impact of the pandemic on industries, the harmful effects of using PVC on human health and environment during the manufacturing and disposing process is anticipated to restrain the growth of the PVC market.

  • Rising use of PVC material in the manufacturing process of electric vehicles is expected to create lucrative opportunities for key players in the market. Development in technologies, growing use of pumps, increasing production of electric vehicles, improvisation in quality of PVC, and unused potential of PVC in emerging economies provide opportunities for growth in the market.

Scope of the Polyvinyl Chloride (PVC) Market Report

The report on the global 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 - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

Types (Rigid and Flexible), Applications (Pipes & Fittings, Films & Sheets, Profiles & Tubes, Cables, Bottles, and Others), and End-users (Construction, Automotive, Packaging, Consumer Goods, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Occidental Petroleum Corporation, Kem One, Vinnolit GmbH & Co. KG, Shin-Etsu Chemical Co. Ltd, Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B. de C.V., Formosa Plastics Group, INEOS Group Ltd, Solvay S.A., and AXIALL Corporation

Polyvinyl Chloride (PVC) Market Segment Insights:

Flexible segment to expand at a high growth rate

On the basis of types, the PVC market is bifurcated into rigid and flexible. The flexible segment holds a major share of the market and is expected to expand at a high growth rate during the forecast period. In construction industries, flexible materials are preferred for manufacturing pipes, cables, flooring, coverings, and for fencing applications, due to its flexible structure. Rising demand for PVC from various end-users for various application, due to its flexible property, is boosting the market.

Polyvinyl Chloride Market Types

Cables segment is estimated to expand at a rapid pace

Based on applications, the PVC market is segmented into pipes & fittings, films & sheets, profiles & tubes, cables, bottles, and others. The cables segment accounted for the largest share of the market in 2021 and is anticipated to expand at a rapid pace. The cables segment is estimated to hold a key share of the market during the forecast period, as PVC is used for insulation purposes in cables. Increasing adoption of PVC for electrical & electronics applications by consumers is propelling the PVC market.

Polyvinyl Chloride Market Application

Construction industry to dominate the market globally

In terms of end-users, the PVC market is classified into construction, automotive, packaging, consumer goods, and others. PVC has many applications in the construction sector, as PVC is strong, light in weight, durable, and resistant to corrosion, weather, and abrasion. High use of PVC in flooring, windows, roofing, and in pipes is driving the market. PVC has been used for roofing applications for more than three decades, as it durable. High use of PVC in the packaging industry is anticipated to boost the market during the forecast period.

Asia Pacific holds a major market share

On the basis of regions, the PVC market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific accounts for a key share of the global PVC market. China accounts for the largest production of electronics in the world. High use of PVC in electronics is expected to drive the market in Asia Pacific during the forecast period. The medical device market in China is growing at a rapid pace. Measures are taken by the government of India to promote the production of electronics. These factors are propelling the PVC market in Asia Pacific.

Polyvinyl Chloride Market Region

Segments

The global polyvinyl chloride (PVC) market has been segmented on the basis of

Types

  • Rigid
  • Flexible

Applications

  • Pipes & Fittings
  • Films & Sheets
  • Profiles & Tubes
  • Cables
  • Bottles
  • Others

End-users

  • Construction
  • Automotive
  • Packaging
  • Consumer Goods
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Occidental Petroleum Corporation
  • Kem One
  • Vinnolit GmbH & Co. KG
  • Shin-Etsu Chemical Co. Ltd
  • Xinjiang Zhongtai Chemical Co. Ltd.
  • Mexichem S.A.B. de C.V.
  • Formosa Plastics Group
  • INEOS Group Ltd
  • Solvay S.A.
  • AXIALL Corporation

Competitive Landscape

Key players in the global polyvinyl chloride (PVC) market are Occidental Petroleum Corporation, Kem One, Vinnolit GmbH & Co. KG, Shin-Etsu Chemical Co. Ltd, Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B. de C.V., Formosa Plastics Group, INEOS Group Ltd, Solvay S.A., and AXIALL Corporation. These companies are focused on providing high-quality products to the end-users to increase their market share.

Polyvinyl Chloride Market Key Players

Table Of Content

1. Executive Summary
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
     5.3.2. Flexible
  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 Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
7. North America Polyvinyl Chloride (PVC) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
     7.4.1. Rigid
     7.4.2. Flexible
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
8. Latin America Polyvinyl Chloride (PVC) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
     8.4.1. Rigid
     8.4.2. Flexible
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
9. Europe 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
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
     9.4.1. Rigid
     9.4.2. Flexible
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
     10.4.1. Rigid
     10.4.2. Flexible
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
11. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Polyvinyl Chloride (PVC) Market Size and Volume Forecast by Types
     11.4.1. Rigid
     11.4.2. Flexible
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Polyvinyl Chloride (PVC) Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Polyvinyl Chloride (PVC) Market: Market Share Analysis
  12.2. Polyvinyl Chloride (PVC) Distributors and Customers
  12.3. Polyvinyl Chloride (PVC) Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Occidental Petroleum Corporation
     12.4.2. Kem One
     12.4.3. Vinnolit GmbH & Co. KG
     12.4.4. Shin-Etsu Chemical Co. Ltd
     12.4.5. Xinjiang Zhongtai Chemical Co. Ltd.
     12.4.6. Mexichem S.A.B. de C.V.
     12.4.7. Formosa Plastics Group

Methodology

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