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(Construction.IndustryNews247.Com, November 23, 2018 ) PVC(Polyvinyl Chloride) Market Outlook and Research to 2026 – Leading Top Companies are China National Chemical Corporation, Formosa Plastics Corporation, Occidental Petroleum Corporation, Mexichem SAB de CV, INOVYN, Saudi Plastics Products Company Ltd, Shin-Etsu Chemical Co. Ltd
PVC polymers have two most important grades, rigid and flexible PVC. The ability of polyvinyl chloride to combine with numerous additives has resulted in a large number of end-use applications. Its properties such as resistance to oil & chemicals, non-flammability, durability, ease of processing & moulding, and mechanical ability have made PVC a very significant and popular synthetic polymer.
PVC is produced in two technical grades, which include rigid and flexible. Rigid PVC is used in the construction for pipes, doors & window frames. Rising per capita income with increasing urbanization and growing population has led to increase in construction spending with a steady demand for commodity chemical products.
The global PVC market is generated revenues of worth USD 66.7 billion in 2017 and is expected to grow at a CAGR of 6.3% over the forecast period.
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Polyvinyl chloride is a vinyl chain polymer and is one of the largest produced synthetic commodity chemicals. The global PVC market id majorly driven by its high demand in some of the rapidly growing end-use industries such as electrical & electronics, building & construction, automotive, and packaging.
Flexible polyvinyl chloride is used in wires & cables insulation, doors, tubes, windows, cable, wire, sidings, sheet, film and flooring. Massive demand for consumer goods and modern electronic products has significantly driven the demand for flexible polyvinyl chloride. Flourishing growth of automotive sector in different countries of the world has also resulted in increased demand for flexible polyvinyl chloride.
Rising global population in tandem with the increase in disposable incomes has led to growth of many end-use industries that are high consumption areas for polyvinyl chloride. Growing construction industry has mainly projected growth for rigid polyvinyl chloride. Massive demand for consumer electronics products increased the demand of polyvinyl chloride in electronics industry. Modernized and lightweight automotive products have also led to steady growth in the consumption of polyvinyl chloride.
PVC is a petrochemical derivative and thus, is subjected to price volatility, but is not a highly priced synthetic polymer. Polyvinyl chloride has been a centre of debate for the past two decades concerning its environmental impact which have been measured at a different scale of seriousness with diverging technical and scientific opinions.PVC is subjected to many regulations from different agencies such as Medical and Health Products Regulatory Agency (MHRA).
Competitive Landscape and Key Vendors
Asia Pacific constitutes the major demand for the polyvinyl chloride resins with China as the main producing country in the region. China holds the largest demand, output, and capacity as compared to any other country in the world. The construction industry of China in tandem with those in India, Indonesia, and Vietnam has witnessed stronger PV consumptions.
The upstream sector of the global PVC market if moderately consolidated, where the PVC polymers are manufactured, whereas the downstream processing industry that includes addition of plasticizers and production of products, is highly fragmented. Some of the major market players for PVC include China National Chemical Corporation, Formosa Plastics Corporation, Occidental Petroleum Corporation, Mexichem SAB de CV, INOVYN, Saudi Plastics Products Company Ltd, and Shin-Etsu Chemical Co. Ltd.
Key Segments:
Grade Segments
• Rigid PVC
• Flexible PVC
• Others
Application Segments
• Pipes & Fittings
• Films & Sheets
• Wire & Cables
• Bottles
• Others
End-Use Segments
• Building & Construction
• Automotive
• Electrical & Electronics
• Packaging
• Footwear
• Healthcare
• Others
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