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.
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. 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.
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.
Browse full report by Grand View
Research :
Further key findings from the study suggest:
·
Global PVC demand was
38.50 million tons in 2013 and is expected to reach 53.81 million tons by 2020,
growing at a CAGR of 5.0% from 2014 to 2020.
·
Asia Pacific emerged
as the leading regional market for PVC and accounted for 58.1% of total market
volume in 2013. Growth of construction industry, particularly in China, India
and Indonesia is expected to drive PVC demand in the region.
·
Middle East &
Africa is expected to be the fastest growing region for polyvinyl chloride
market at an estimated CAGR of 5.9% from 2014 to 2020. Growth of major end-use
industries such as construction, automotive and electrical & electronics in
Saudi Arabia and South Africa is expected to drive the demand for PVC in this
region.
·
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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
For the purpose of this
study, Grand View Research has segmented the polyvinyl chloride (PVC) market on
the basis of application and region:
• Global Polyvinyl Chloride Application Outlook (Volume, Million Tons;
Revenue, USD Million, 2012 - 2020)
• Construction
• Consumer Goods
• Packaging
• Electrical & Electronics
• Transportation
• Others
• Global Polyvinyl Chloride Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America
• Construction
• Consumer Goods
• Packaging
• Electrical & Electronics
• Transportation
• Others
• Global Polyvinyl Chloride Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America
Access
press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-polyvinyl-chloride-pvc-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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