Polyvinyl Chloride Market - Detailed Analysis of Current Industry Figures

Increasing construction and infrastructure spending in emerging markets of Asia Pacific and Latin America is expected to remain a key driving factor for global PVC demand. In addition, growth of global automotive industry is also expected to have a positive influence on the market.

The Global Polyvinyl Chloride (PVC) Market is expected to reach USD 79.11 billion by 2020, according to a new study by Grand View Research, Inc.

Volatile raw material prices coupled with the stringent regulatory scenario, particularly in North America and Europe to limit or minimize PVC use for medical applications are expected to remain key challenges for market participants. In order to overcome such challenges, the industry has shifted its focus towards developing bio-based alternatives to PVC which is expected to provide future opportunities for market participants.

Construction emerged as the leading application segment and accounted for 55.7% of the total market volume in 2013. Increasing construction spending in BRICS nations on account of organization of global events such as FIFA World Cup and Summer Olympics in these nations is expected to drive the demand for PVC in construction industry.

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Electrical & electronics is expected to be the fastest growing application segment at an estimated CAGR of 5.4% from 2014 to 2020. Growth of Chinese and Taiwanese electronics industry is expected to spur growth for PVC in electrical & electronics industry.

Top Players of Polyvinyl Chloride (PVC) Market:

Some of the major companies in operating in the global PVC market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Axiall Corporation, Mexichem S.A.B., BASF, Georgia Gulf Corp., Arkema S.A., and Westlake Chemica Corp, Sinopec Group, Solvay S.A., KEM One and Xinjiang Zhongtai Chemical Co. Ltd.

Market Segmentation of Polyvinyl Chloride (PVC) Market:

The Global Polyvinyl Chloride (PVC) Market segmented on the basis of Application and Region.

By Application:

    Construction
    Consumer Goods
    Packaging
    Electrical & Electronics
    Transportation

By Region:

    North America
    Europe
    Asia Pacific
    Middle East & Africa
    Central & South America

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