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 report, share, size, trends, 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) stands as a highly versatile synthetic polymer extensively utilized in the plastics industry. Renowned for its durability, robustness, and resistance to chemicals, weather, and abrasion, PVC proves to be an excellent option for construction and building materials. Its flexibility allows for easy molding using diverse processing methods like injection molding and extrusion. PVC finds prevalent applications in pipes, fittings, window frames, and vinyl siding due to its enduring nature and minimal upkeep requirements. Moreover, it finds use in an array of products, ranging from vinyl flooring, inflatable toys, rainwear, to medical tubing.
Global Polyvinyl Chloride (PVC) Market Trends and Drivers:
PVC finds extensive use within the construction sector, particularly in the fabrication of pipes, fittings, and conduits, primarily because of its exceptional durability, resistance to corrosion, and cost-effectiveness. The burgeoning construction endeavors in both residential and commercial domains globally are major drivers bolstering market expansion. Furthermore, the increasing preference for PVC in electrical and electronic applications, encompassing cable insulation, wire coatings, and cable sheathing due to its advantageous electrical properties and protective attributes, is further propelling market growth. Additionally, the rising utilization of PVC within the healthcare domain, particularly in medical tubing, bags, and containers, owing to its
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
Breakup by Application:
- Pipes and Fittings
- Film and Sheets
- Wire and Cables
- Profiles, Hoses and Tubings
Breakup by End Use Industry:
- Building and Construction
- Electrical and Electronics
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- 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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