#Polyvinyl Chloride PVC

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PVC Doors Suppliers Umiya Poly Product

PVC Doors Suppliers Umiya Poly Product https://www.umiyapolyproduct.com/pvc-door-supplier-polyvinyl-chloride/ Quality Features Of PVC Doors By Suppliers Umiya Poly Product, suppliers of Polyvinyl Chloride PVC doors and frames. That’s why we endeavour to supply you with the uppermost quality product at reasonable sale prices. Umiya Poly Product supply PVC doors and also significantly supplying with Surat city’s areas like Rander, Katargam, Kapodra, Udhna, Athwa, Limbayat, Nana Varachha, Motta Varachha and many other areas Surat city. Also having remarkable presence in talukas of Surat city Chorasi, Bardoli, Mangrol, Olpad, Mandvi, Kamrej, Palsana, Mahuva and Umarpada. Umiya Poly Product is supporting with their products and services supply to Rajkot also. Likewise, distributing and giving services to Rajkot cities talukas Paddhari, Lodhika, Dhoraji, Rajkot, Jam Kandorna, Upleta, Jetpur, Kotda Sangani, Jasdan, Vinchhiya and Gondal. Jasdan, Gondal, Jetpur, Wankaner, Upleta, Dhoraji, Kotda Sangani, Tankara, Maliya, Jamkandorna, Paddhari and Lodhika.

PVC Doors Suppliers Umiya Poly Product https://www.umiyapolyproduct.com/pvc-door-supplier-polyvinyl-chloride/ Quality Features Of PVC Doors By Suppliers Umiya Poly Product, suppliers of Polyvinyl Chloride PVC doors and frames. That’s why we endeavour to supply you with the uppermost quality product at reasonable sale prices. Umiya Poly Product supply PVC doors and also significantly supplying with Surat city’s areas like Rander, Katargam, Kapodra, Udhna, Athwa, Limbayat, Nana Varachha, Motta Varachha and many other areas Surat city. Also having remarkable presence in talukas of Surat city Chorasi, Bardoli, Mangrol, Olpad, Mandvi, Kamrej, Palsana, Mahuva and Umarpada. Umiya Poly Product is supporting with their products and services supply to Rajkot also. Likewise, distributing and giving services to Rajkot cities talukas Paddhari, Lodhika, Dhoraji, Rajkot, Jam Kandorna, Upleta, Jetpur, Kotda Sangani, Jasdan, Vinchhiya and Gondal. Jasdan, Gondal, Jetpur, Wankaner, Upleta, Dhoraji, Kotda Sangani, Tankara, Maliya, Jamkandorna, Paddhari and Lodhika.

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Polyvinyl Chloride (PVC) Resin Market - Forecast(2024 - 2030)

Polyvinyl Chloride (PVC) Resin Market Overview

The Polyvinyl Chloride (PVC) Resin Market size is estimated to reach US$86.2 billion by 2027, after growing at an estimated CAGR of 4.7% during the forecast period 2022-2027. Polyvinyl Chloride (PVC) resin is a thermoplastic resin manufactured by polymerization of vinyl chloride monomers. It is extensively used over polypropylene, polyethylene terephthalate and polyethylene owing to its superior impact strength and stiffness. The PVC resin has major utilization in the building and construction sector due to superior features such as strength, preference over metal materials, lightweight, durability and non-toxicity, thereby driving the polyvinyl chloride (PVC) resin market. In addition, the rise in medical and healthcare projects is fueling its demand for a wide range of applicability in blood transfusion sets, emergency burns treatment, bedding covers and others, thereby offering growth in the polyvinyl chloride (PVC) resin industry. The major disruption caused by the COVID-19 outbreak impacted the growth of the Polyvinyl Chloride (PVC) Resin market due to disturbance in manufacturing, closure of construction sites, falling vehicle production, supply chain disruption and other lockdown restrictions. 

Polyvinyl Chloride (PVC) Resin Market Report Coverage

The “Polyvinyl Chloride (PVC) Resin Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyvinyl Chloride (PVC) Resin Industry.

By Type: Rigid and Flexible.

By Application: Dashboards, Consumer Electronics, Sealants, Electric Wires, Flooring, Pipes, Cable Insulation and Others.

By End-use Industry: Automotive (Passenger Vehicles [PVs], Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs]), Building & Construction (Residential, Commercial, Industrial and Infrastructural), Electrical & Electronics (Computer, Fuse Boxes and Others), Medical & Pharmaceuticals, Consumer Goods and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and Rest of the Middle East] and Africa (South Africa, Nigeria and the Rest of Africa)].

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Key Takeaways

North America dominates the Polyvinyl Chloride (PVC) Resin Market, owing to growth factors such as the flourished base for the construction sector, rising healthcare spending and urbanization. They would continue to boost the market in this region.

The flourishing building & construction sector across the world is propelling the demand for Polyvinyl Chloride (PVC) Resin for various applications such as flooring, pipes & fittings, roofing and others, thereby influencing the growth in the Polyvinyl Chloride (PVC) Resin market size.

The growing demand for Polyvinyl Chloride (PVC) Resin over polypropylene, polyethylene, polyethylene terephthalate and others for medical applications in blood sets, coverings and others is fueling the growth in the market.

However, the environmental threats associated with PVC act as a challenging factor in the Polyvinyl Chloride (PVC) Resin industry.

Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Type

The flexible segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.6% during the forecast period 2022-2027. The demand for flexible PVC resin type is growing due to factors such as strong application scope over rigid type, excellent insulation, non-toxicity and stability. The applicability of flexible polyvinyl chloride is surging in the residential construction sector for roofing, home flooring, sealants and others. In addition, increasing usage of electrical wires and cables in electronics is also boosting its demand. Thus, with established utilization across major end-use sectors, the flexible Polyvinyl Chloride (PVC) Resin type is anticipated to grow rapidly during the forecast period.

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Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by End-use Industry

The building & construction segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.9% during the forecast period 2022-2027. The polyvinyl chloride (PVC) resin has major applications over other resins such as polypropylene, polyethylene, polyethylene terephthalate and others in the building and construction sector. It is mainly used for flooring, roofing, sealants, pipe & fittings, cladding and others due to its superior strength, versatility, lightweight and durability. For instance, according to Oxford Economics, the global construction output in 2020 accounted for US$10.7 trillion and is projected to grow by 42% to reach US$15.2 trillion between 2020 and 2030. According to European Construction Industry Federation (FIEC), construction activity increased by 10.3% in volume in France for the year 2021 compared to 2020. According to the National Investment Promotion & Facilitation Agency, the construction sector in India is projected to reach US$1.4 trillion by the year 2025. With the established base for construction activities, the applicability of this thermoplastic resin for flooring, home roofing and others is risin. These are the reasons why the production and growth scope for Polyvinyl Chloride (PVC) Resin is projected to rise rapidly during the forecast period.

Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Geography

North America held a significant Polyvinyl Chloride (PVC) Resin Market share of up to 17.6% in 2021. The lucrative growth scope for polyvinyl chloride (PVC) resin in this region is influenced by the flourished base for the construction sector, rising healthcare production and rapid urbanization. For instance, according to the United States Census Bureau, the total privately-owned housing units completed in the U.S rose from 1,326 thousand units in December 2021 to 1,465 thousand units in May 2022. According to the Conference Board of Canada, the residential construction investment rose by 7.6% in March 2021 to US$10.99 billion over the past 11 months. According to the International Trade Administration (ITA), the forecasted construction value in Mexico increased from US$72.89 billion in 2020 to US$82.56 billion in 2022. Furthermore, the new housing construction is expected to hold 22% of the housing investment through 2024. Thus, with an increase in construction production and investment activities in North America, demand and production for PVC resins are growing, which, in turn, is anticipated to boost the growth scope for Polyvinyl Chloride (PVC) Resin market in North America during the forecast period.

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Polyvinyl Chloride (PVC) Resin Market Drivers

Rapid Growth of the Automotive Industry :

Polyvinyl Chloride (PVC) Thermoplastic Resins have significant demand in the automotive sector for applications in automotive door panels, seat covering, coatings and others. The automotive industry is rapidly flourishing owing to growth factors such as a rise in passenger vehicle demand, vehicle electrification, growing public transportation and rising income level. For instance, according to the European Automobile Manufacturer Association, South America car production grew by 11% while US car production grew by 3.1% in 2021. According to the China Association of Automotive Manufacturers (CAAM), the production and sales of new energy vehicles reached 1.29 million units and 1.25 million units in the quarter 1st of 2022 respectively, marking a rise of 140% year-on-year. According to the International Organization of Motor Vehicles Manufacturers (OICA), the global production of passenger cars increased from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the increase in automotive vehicle production, the utilization of PVC resin in the vehicle body, seating and others is rising, which, in turn, is driving the Polyvinyl Chloride (PVC) Resin industry.

Flourishing Growth of the Electrical & Electronics Industry:

The Polyvinyl Chloride (PVC) Resin is widely used in the electrical and electronics sector for applicability in wires and cables, computers, lighting and others, owing to superior insulation and durability. The lucrative growth in the electronics sector is influenced by growth factors such as robust demand for consumer electronic devices, soaring production base and urbanization. According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 over 2020. According to OBERLO, the total revenue of consumer electronics in the US is expected to increase by 7.5% in 2023. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment in Japan increased from US$215 million in January 2022 to US$230 million in March 2022. With the rise in electronics device production and growth scope, the utility and production of Polyvinyl Chloride (PVC) Resin for applications in electrical appliances are rising, thereby driving the Polyvinyl Chloride (PVC) Resin industry.

Polyvinyl Chloride (PVC) Resin Market Challenge

Harmful Impacts of Polyvinyl Chloride (PVC) Resin on Environment :

Polyvinyl Chloride Resin, which is used in making PVC plastic, poses severe toxicity. The PVC resin plastic is produced through chlorine-based chemicals and releases toxic fumes in the environment, which creates an environmental hazard. The PVC releases a large number of dioxins, hydrocarbons, phthalates and other harmful substances during production and waste disposal, thereby leading to air pollution and human health threat. Moreover, PVC is non-biodegradable and leads to soil, air and water damage. Thus, owing to such harmful effects on the environment, the utilization and applicability of PVC face slowdown. Due to this reason, the Polyvinyl Chloride (PVC) Resin industry anticipates major obstacles in its growth.

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Polyvinyl Chloride (PVC) Resin Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyvinyl Chloride (PVC) Resin Market. The 10 companies in the Polyvinyl Chloride (PVC) Resin Market are:

LG Chem

Kem One

Cires SA

SCG Chemicals Co. Ltd.

Braskem

Mitsubishi Chemical Corporation

INEOS Group

Solvay

Shin-Etsu Chemical

Recent Developments

In July 2022, Meghmani Finechem Limited commissioned the largest chlorinated polyvinyl chloride resin plant. The latest CVC unit has a capacity of up to 40,000 TPA which fulfills the demand in the PVC business.

In April 2021, LG Chem announced the production of sustainable materials, including polyvinyl chloride, at its polymerization plant in Yosu and Iksan.

In October 2020, AGR resin, which is a modified polyvinyl chloride resin of Xinjiang Zhongtai Chemical Fukang Energy Company, passed the Standard Project Evaluation to offer excellent durability and strength.

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Driving Business Growth with Polyvinyl Chloride (PVC) Procurement Intelligence 2024 - 2030

Procurement of PVC benefits buyers from several end-use sectors, such as construction, packaging, automotive, electronics, and healthcare, due to its versatility and abundant applications in these sectors. The global market size was estimated at USD 54.6 billion in 2023. In 2023, APAC dominated the industry, comprising 38% of the global market share in 2023. Countries such as India, China, and Japan are the key contributors to APAC’s growth, prompting supply chain managers to foster their strategies. Key driving factors for other regions, such as North America and Europe, include the substantial presence of key players and technological advancements in manufacturing. Moreover, this is an important material in shock-absorbing automotive components, and sales of automobiles in the aforesaid regions are forecasted to rise exponentially during the next few years.

In 2024, the PVC industry has been significantly impacted by challenges such as raw material price volatility, prohibited usage in green buildings, intense competition from steel and concrete pipes, and health hazards. For instance, the prices of key raw materials used in the production of this commodity, including ethylene and chlorine, are witnessing market fluctuations due to geopolitical tensions, supply chain disruptions, and changes in energy prices. Moreover, green building certifications such as LEED (Leadership in Energy and Environmental Design) and other sustainable building standards are increasingly restricting the use of this commodity due to environmental and health concerns.

Key technology trends that are driving the growth include Oriented Polyvinyl Chloride (PVC-O) technology, nanotechnology integration, IoT-integrated pipes, use of hybrid materials, compounding, 3D printing, and climate-resilient designs. Nanotechnology integration is revolutionizing this industry by enhancing material properties through nanocomposites. Innovations like ‘NanoVinyl’ integrate nanomaterials to improve strength and durability while preserving flexibility. Compounding involves enhancing basic resin by adding plasticizers, stabilizers, fillers, pigments, and lubricants. These components influence properties, including flexibility, color, thermal stability, and resistance to UV light and chemicals.

Order your copy of the Polyvinyl Chloride (PVC) Procurement Intelligence Report, 2024 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Key suppliers compete based on pricing, customization, lead time reduction, improving customer service, and enhancing brand reputation. Moreover, they emphasize product quality, use of sustainable materials, innovations, durability and R&D as buyers consider these parameters while sourcing PVC.

The prices of products in this industry fluctuate based on several parameters, including raw material price fluctuations, supply chain disruptions, labor cost variations, fluxes in energy costs, quality, and demand. For instance, various grades of PVC resin serve specific applications and come with different price tags. Premium, impact-resistant PVC commonly used in pipes tends to be more expensive than general-purpose grades. Moreover, resin pricing is significantly impacted by crude oil costs (due to crude oil being a key component used in manufacturing). When crude oil prices rise, resin prices tend to follow a similar trend.

Amid the COVID-19 pandemic, disruptions in supply chains caused global prices to surge temporarily. In response, many governments reduced import duties to stabilize prices. Consequently, PVC imports increased during the pandemic. By 2023, the supply-demand situation somewhat stabilized, although global demand remained slightly below pre-pandemic levels due to a slower-than-anticipated economic resurgence.

PVC Sourcing Intelligence Highlights

• This market consists of a fragmented landscape, with the players engaged in intense competition.

• Owing to the availability of substitutes, buyers have substantial bargaining power and the flexibility to switch to alternative suppliers.

• China, India, and Vietnam are preferred as low-cost or best-cost countries for sourcing due to their low costs of raw materials, cheap labor costs, inexpensive equipment cost, and high domestic production volume.

• The key components of the cost structure include raw materials (such as ethylene and chlorine), labor, equipment, energy, packaging, transportation, and other costs. Other costs include R&D, rent and utilities, compliance, general and administrative, sales and marketing, and taxes.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Polyethylene Terephthalate (PET) Procurement Intelligence Report, 2024 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Methanol Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

PVC - Key Suppliers

• Arkema S.A.

• Formosa Plastics Corporation

• INEOS AG

• KEM ONE SAS

• LG Chem, Ltd.

• Mitsubishi Chemical Group Corporation

• Occidental Petroleum Corporation

• Shin-Etsu Chemical Co., Ltd.

• Sinochem Holdings Corporation Ltd.

• Solvay S.A.

• Westlake Corporation

• Xinjiang Zhongtai Chemical Co., Ltd.

PVC Procurement Intelligence Report Scope

• Growth Rate: CAGR of 3.9% from 2024 to 2030

• Pricing Growth Outlook: 5% - 10% increase (Annually)

• Pricing Models: Cost-plus pricing, volume-based pricing, demand-based pricing, competition-based pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Geographical service provision, industries served, years in service, employee strength, revenue generated, key clientele, regulatory certifications, product type (unplasticized / chlorinated / molecularly-oriented / modified), product source (chemical-based / bio-based), delivery mode (offline / online), customer service, lead time, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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Molecularly Oriented Polyvinyl Chloride PVCO

PVCO pipe, which stands for molecularly oriented polyvinyl chloride pipe, has been utilized in North America for over four decades, boasting an impressive track record with more than 20,000 miles of pipe installed. Similarities between PVCO and traditional polyvinyl chloride (PVC) pipe exist, including shared ingredients and cell classifications. Initially, PVCO begins as an equivalent PVC compound, undergoing extrusion into PVC pipe before undergoing physical modification to transform into molecularly oriented pipe. Consequently, both PVCO and PVC pipes qualify for cell class 12454 per ASTM D1784 and boast a hydrostatic design basis (HDB) of 4,000 psi. The manufacturing process for PVCO involves realigning the molecular structure from random orientation to circumferential orientation, thereby enhancing the material's mechanical strength and toughness.

Once completed, PVCO pipe achieves an impressive HDB of 7,100 psi. Due to the differing HDB values of PVCO, conventional PVC's dimension ratio (DR) classification is not applicable, with PVCO being solely referenced by pressure class (PC) or pressure rating (PR). In North America, Cast Iron Outside Diameter (CIOD) products range from 4 inches to 30 inches in pressure classes 165, 235, and 305 psi, while Iron Pipe Size (IPS) products are available in sizes ranging from 4 inches to 16 inches with pressure ratings of 160, 200, and 250 psi.

PVCO and PVC find common application in distribution systems requiring open-cut installations, with PVC additionally suitable for trenchless installations. The inaugural North American installation of PVCO pipe transpired in Kansas in 1979, following its development in Europe during the early 1970s and first installation there in 1974. By the 2000s, multiple manufacturers offered PVCO pipe in North America. ASTM F1483, published in 1993, marked the initial product standard for PVCO pipe. Early applications predominantly focused on rural water and irrigation piping. Subsequently, in 1998, AWWA C909 emerged as the first PVCO municipal water pipe standard, drawing from AWWA C900 in terms of requirements, safety factors, diameter regimen, product quality control testing, and joint qualification testing. Over the years, AWWA C909 has undergone updates to encompass larger sizes and align with revised design procedures from the C900 standard. In 2009, CSA published PVCO standard B137.3.1, further solidifying the standing of PVCO pipe within the industry.

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Polyvinyl Chloride (PVC) Market Disruption: Technological Advances and Industry Transformation

Polyvinyl chloride (PVC) is a versatile thermoplastic polymer with high structural strength and chemical resistance properties. Its applications range from pipes, window profiles, cables, flooring to medical devices. PVC finds wide use in construction industry for applications such as pipes, doors & windows, flooring, and roofing owing to its cost-effectiveness, durability and UV resistance. The global Polyvinyl Chloride (PVC) Market is estimated to be valued at US$ 55.73 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity Use in construction applications: PVC has emerged as the preferred material for construction applications such as pipes, doors & windows, flooring and roofing due to its excellent durability and lower weight compared to conventional materials such as metal, wood, and concrete. The growth in construction industry particularly in emerging economies is expected to boost the demand for PVC for construction applications during the forecast period from 2023 to 2030. Porter’s Analysis Threat of new entrants: Low capital requirements and availability of raw materials lowers the barriers for new companies. However, established players benefit from economies of scale and brand recognition. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and differentiated products from different manufacturers. Bargaining power of suppliers: Supply of key raw materials like ethylene and chlorine is concentrated, increasing suppliers' bargaining power. Threat of new substitutes: Substitutes like polyethylene are increasing competition. However, established use and versatility of PVC provides some defense against substitution. Competitive rivalry: Intense competition exists among major players to increase market share through product innovation and expansion. SWOT Analysis Strength: High demand from construction and automotive industries. Variety of applications and good physical properties. Weakness: Environmental and health concerns regarding production and disposal. Recent price fluctuations in raw material costs. Opportunity: Emerging applications in pipes, films & sheets are expected to drive future growth. Threats: Stringent regulations associated with production and usage may hamper demand. Increased competition from substitute materials. Key Takeaways The global PVC market is expected to witness high growth during the forecast period. The global Polyvinyl Chloride (PVC) Market is estimated to be valued at US$ 55.73 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030.

Regional analysis: The Asia Pacific region is projected to be the fastest growing as well as the largest PVC market during the forecast period led by China, India & other ASEAN countries. Rising infrastructure development programs are driving the demand. Key players: Key players operating in the PVC market are Shin-Etsu Chemical Co., Formosa Plastics Group, Ineos Chlorvinyls Ltd, Solvay S.A., Westlake Chemical, and Occidental Petroleum Corporation.

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প্লাস্টিক হ্যান্ডবুক -পিভিসি-The Best Plastic Factory Handbook Needs Daily-PVC: Part-03.

Topics : 1. PVC compound for making sandals Straps. 2. PVC Sandals, Slippers. First, there is a discussion about some useful formulas : প্রথমত, কিছু দরকারী ফর্মুলা নিয়ে আলোচনা থাকছে : 1. PVC compound for making sandal Straps.স্যান্ডেল স্ট্র্যাপস/ ফিতা Making PVC compounds for sandal straps involves blending polyvinyl chloride (PVC) resin with various additives to achieve the desired…

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Polyvinyl Chloride (PVC) Resin Market - Forecast(2024 - 2030)

Polyvinyl Chloride (PVC) Resin Market Overview

The Polyvinyl Chloride (PVC) Resin Market size is estimated to reach US$86.2 billion by 2027, after growing at an estimated CAGR of 4.7% during the forecast period 2022-2027. Polyvinyl Chloride (PVC) resin is a thermoplastic resin manufactured by polymerization of vinyl chloride monomers. It is extensively used over polypropylene, polyethylene terephthalate and polyethylene owing to its superior impact strength and stiffness. The PVC resin has major utilization in the building and construction sector due to superior features such as strength, preference over metal materials, lightweight, durability and non-toxicity, thereby driving the polyvinyl chloride (PVC) resin market. In addition, the rise in medical and healthcare projects is fueling its demand for a wide range of applicability in blood transfusion sets, emergency burns treatment, bedding covers and others, thereby offering growth in the polyvinyl chloride (PVC) resin industry. The major disruption caused by the COVID-19 outbreak impacted the growth of the Polyvinyl Chloride (PVC) Resin market due to disturbance in manufacturing, closure of construction sites, falling vehicle production, supply chain disruption and other lockdown restrictions. 

Polyvinyl Chloride (PVC) Resin Market Report Coverage

The “Polyvinyl Chloride (PVC) Resin Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyvinyl Chloride (PVC) Resin Industry.

By Type: Rigid and Flexible.

By Application: Dashboards, Consumer Electronics, Sealants, Electric Wires, Flooring, Pipes, Cable Insulation and Others.

By End-use Industry: Automotive (Passenger Vehicles [PVs], Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs]), Building & Construction (Residential, Commercial, Industrial and Infrastructural), Electrical & Electronics (Computer, Fuse Boxes and Others), Medical & Pharmaceuticals, Consumer Goods and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and Rest of the Middle East] and Africa (South Africa, Nigeria and the Rest of Africa)].

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Key Takeaways

North America dominates the Polyvinyl Chloride (PVC) Resin Market, owing to growth factors such as the flourished base for the construction sector, rising healthcare spending and urbanization. They would continue to boost the market in this region.

The flourishing building & construction sector across the world is propelling the demand for Polyvinyl Chloride (PVC) Resin for various applications such as flooring, pipes & fittings, roofing and others, thereby influencing the growth in the Polyvinyl Chloride (PVC) Resin market size.

The growing demand for Polyvinyl Chloride (PVC) Resin over polypropylene, polyethylene, polyethylene terephthalate and others for medical applications in blood sets, coverings and others is fueling the growth in the market.

However, the environmental threats associated with PVC act as a challenging factor in the Polyvinyl Chloride (PVC) Resin industry.

Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Type

The flexible segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.6% during the forecast period 2022-2027. The demand for flexible PVC resin type is growing due to factors such as strong application scope over rigid type, excellent insulation, non-toxicity and stability. The applicability of flexible polyvinyl chloride is surging in the residential construction sector for roofing, home flooring, sealants and others. In addition, increasing usage of electrical wires and cables in electronics is also boosting its demand. Thus, with established utilization across major end-use sectors, the flexible Polyvinyl Chloride (PVC) Resin type is anticipated to grow rapidly during the forecast period.

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Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by End-use Industry

The building & construction segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.9% during the forecast period 2022-2027. The polyvinyl chloride (PVC) resin has major applications over other resins such as polypropylene, polyethylene, polyethylene terephthalate and others in the building and construction sector. It is mainly used for flooring, roofing, sealants, pipe & fittings, cladding and others due to its superior strength, versatility, lightweight and durability. For instance, according to Oxford Economics, the global construction output in 2020 accounted for US$10.7 trillion and is projected to grow by 42% to reach US$15.2 trillion between 2020 and 2030. According to European Construction Industry Federation (FIEC), construction activity increased by 10.3% in volume in France for the year 2021 compared to 2020. According to the National Investment Promotion & Facilitation Agency, the construction sector in India is projected to reach US$1.4 trillion by the year 2025. With the established base for construction activities, the applicability of this thermoplastic resin for flooring, home roofing and others is risin. These are the reasons why the production and growth scope for Polyvinyl Chloride (PVC) Resin is projected to rise rapidly during the forecast period.

Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Geography

North America held a significant Polyvinyl Chloride (PVC) Resin Market share of up to 17.6% in 2021. The lucrative growth scope for polyvinyl chloride (PVC) resin in this region is influenced by the flourished base for the construction sector, rising healthcare production and rapid urbanization. For instance, according to the United States Census Bureau, the total privately-owned housing units completed in the U.S rose from 1,326 thousand units in December 2021 to 1,465 thousand units in May 2022. According to the Conference Board of Canada, the residential construction investment rose by 7.6% in March 2021 to US$10.99 billion over the past 11 months. According to the International Trade Administration (ITA), the forecasted construction value in Mexico increased from US$72.89 billion in 2020 to US$82.56 billion in 2022. Furthermore, the new housing construction is expected to hold 22% of the housing investment through 2024. Thus, with an increase in construction production and investment activities in North America, demand and production for PVC resins are growing, which, in turn, is anticipated to boost the growth scope for Polyvinyl Chloride (PVC) Resin market in North America during the forecast period.

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Polyvinyl Chloride (PVC) Resin Market Drivers

Rapid Growth of the Automotive Industry :

Polyvinyl Chloride (PVC) Thermoplastic Resins have significant demand in the automotive sector for applications in automotive door panels, seat covering, coatings and others. The automotive industry is rapidly flourishing owing to growth factors such as a rise in passenger vehicle demand, vehicle electrification, growing public transportation and rising income level. For instance, according to the European Automobile Manufacturer Association, South America car production grew by 11% while US car production grew by 3.1% in 2021. According to the China Association of Automotive Manufacturers (CAAM), the production and sales of new energy vehicles reached 1.29 million units and 1.25 million units in the quarter 1st of 2022 respectively, marking a rise of 140% year-on-year. According to the International Organization of Motor Vehicles Manufacturers (OICA), the global production of passenger cars increased from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the increase in automotive vehicle production, the utilization of PVC resin in the vehicle body, seating and others is rising, which, in turn, is driving the Polyvinyl Chloride (PVC) Resin industry.

Flourishing Growth of the Electrical & Electronics Industry:

The Polyvinyl Chloride (PVC) Resin is widely used in the electrical and electronics sector for applicability in wires and cables, computers, lighting and others, owing to superior insulation and durability. The lucrative growth in the electronics sector is influenced by growth factors such as robust demand for consumer electronic devices, soaring production base and urbanization. According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 over 2020. According to OBERLO, the total revenue of consumer electronics in the US is expected to increase by 7.5% in 2023. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment in Japan increased from US$215 million in January 2022 to US$230 million in March 2022. With the rise in electronics device production and growth scope, the utility and production of Polyvinyl Chloride (PVC) Resin for applications in electrical appliances are rising, thereby driving the Polyvinyl Chloride (PVC) Resin industry.

Polyvinyl Chloride (PVC) Resin Market Challenge

Harmful Impacts of Polyvinyl Chloride (PVC) Resin on Environment :

Polyvinyl Chloride Resin, which is used in making PVC plastic, poses severe toxicity. The PVC resin plastic is produced through chlorine-based chemicals and releases toxic fumes in the environment, which creates an environmental hazard. The PVC releases a large number of dioxins, hydrocarbons, phthalates and other harmful substances during production and waste disposal, thereby leading to air pollution and human health threat. Moreover, PVC is non-biodegradable and leads to soil, air and water damage. Thus, owing to such harmful effects on the environment, the utilization and applicability of PVC face slowdown. Due to this reason, the Polyvinyl Chloride (PVC) Resin industry anticipates major obstacles in its growth.

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Polyvinyl Chloride (PVC) Resin Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyvinyl Chloride (PVC) Resin Market. The 10 companies in the Polyvinyl Chloride (PVC) Resin Market are:

LG Chem

Kem One

Cires SA

SCG Chemicals Co. Ltd.

Braskem

Mitsubishi Chemical Corporation

INEOS Group

Solvay

Shin-Etsu Chemical

Recent Developments

In July 2022, Meghmani Finechem Limited commissioned the largest chlorinated polyvinyl chloride resin plant. The latest CVC unit has a capacity of up to 40,000 TPA which fulfills the demand in the PVC business.

In April 2021, LG Chem announced the production of sustainable materials, including polyvinyl chloride, at its polymerization plant in Yosu and Iksan.

In October 2020, AGR resin, which is a modified polyvinyl chloride resin of Xinjiang Zhongtai Chemical Fukang Energy Company, passed the Standard Project Evaluation to offer excellent durability and strength.

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Polyvinyl Chloride (PVC) Market is poised to grow at a CAGR of 4% by 2028. Increasing Application in the Healthcare and Medical Devices Industries is fueling Polyvinyl Chloride (PVC) Industry.

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The Saudi Arabia Polyvinyl Chloride (PVC) Market is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28. The market growth has been attributed to various factors like rapid urbanization & construction of residential & non-residential infrastructures contributed by the surge in the expatriate population of the country. The expansion in the construction industry has led to a surge in demand for building materials like pipes & fittings, wire & cables, and other materials which require PVC for manufacturing.

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Polyvinyl Chloride (PVC) Market is expected to reach US$ 83.80 Bn. by 2029. The thermoplastic polymer that is most frequently used is polyvinyl chloride (PVC). It is extremely fragile and naturally white in colour. It is a synthetic resin made from vinyl chloride polymerization.

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Polyvinyl Chloride (PVC) Market Resilience: Adapting to Changing Economic and Regulatory Landscape

Polyvinyl chloride, commonly abbreviated as PVC, is a thermoplastic polymer derived from petrochemicals. It has a variety of applications due to its high strength, durability, versatility and ease of installation. PVC is used to make plumbing pipes and fittings, flooring, roofing, surface coatings, window frames, siding, wire & cable insulation, and medical devices among others. It is highly corrosion-resistant, cost-effective and requires low maintenance. PVC pipes do not rust, rot or corrode which make them preferable over metal pipes in many applications. The global Polyvinyl Chloride (PVC) Market is estimated to be valued at US$ 55.73 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:

Wide Range of Applications The wide range of applications of PVC due to its versatility has led to increasing demand over the years. It is used in construction, wire & cable insulation, medical devices, automotive and other sectors. PVC pipes are commonly used for sewage, drainage and water supply systems due to their high strength, durability and corrosion resistance. The growth of the construction industry especially in emerging economies has augmented the demand for PVC pipes, fittings, flooring, window frames and sidings which has created lucrative opportunities for players in the PVC market. Porter's Analysis Threat of new entrants: Low as PVC requires high capital investments in manufacturing facilities and supply chain. Bargaining power of buyers: Moderate as PVC has many substitute products. Bargaining power of suppliers: Moderate as raw materials for PVC like chlorine gas and ethylene have many global suppliers. Threat of new substitutes: Moderate as alternate materials like Polyolefins poses threat. Competitive rivalry: High as industry has many global players competing on price and quality. SWOT Analysis Strengths: Wide applications, low cost, durability. Weaknesses: Environmental concerns during production and disposal. Opportunities: Growth in construction and automotive industries. Threats: Stringent regulations, substitute products. Key Takeaways The global PVC market is expected to witness high growth during the forecast period of 2023-2030. The Asia Pacific region dominated the global market in 2023 with a share of over 50% attributed to high demand from construction and automotive industries in China, India. Key regional markets include China, India, United States, Germany and Japan. Key players operating in the PVC market are ChemChina, Formosa Plastics Corporation, Ineos, Inner Mongolia Junzheng Energy & Chemical Group, Kem One, LG Chem, Occidental Petroleum Corporation, Orbia, SABIC, Shaanxi Coal and Chemical Industry Group Co. Ltd, Shin-Etsu Chemical Co. Ltd, Xinjiang Tianye (Group) Co. Ltd, Westlake Chemical Corporation, and Xinjiang Zhongtai Chemicals. The industry is dominated by few global players focusing on expanding production capacities, backward integration and new product development.