Posted by Global Polyvinyl Chloride (PVC) Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Polyvinyl chloride (PVC) 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 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 versatile and widely used synthetic polymer in the field of plastics. It is known for its durability, strength, and resistance to chemicals, weather, and abrasion, which makes it an ideal choice for construction and building materials. It is flexible and capable to be easily molded through various processing techniques, such as injection molding and extrusion. It is commonly used in pipes, fittings, window frames, and vinyl siding due to its long-lasting and low-maintenance characteristics. It is also utilized in various products, including vinyl flooring, inflatable toys, rainwear, and medical tubing.
Global Polyvinyl Chloride (PVC) Market Trends and Drivers:
PVC is used in the construction industry for pipes, fittings, and conduits due to its excellent durability, corrosion resistance, and low cost. Along with this, the increasing construction activities in residential and commercial areas represent one of the primary factors strengthening the market growth around the world. Moreover, the rising adoption of PVC for cable insulation, wire coatings, and cable sheathing in electrical and electronic applications, which provides good electrical properties and protection, is contributing to the market growth. Apart from this, the growing usage of PVC in the healthcare industry for medical tubing, bags, and containers due to its biocompatibility and resistance to chemicals is influencing the market positively.
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.
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