Please Wait.....
Report
Polyvinyl Chloride (Pvc) Market - Growth, Trends, Covid-19 Impact, and Forecast (2023 - 2028)
Market Report I 2023-01-23 I 120 Pages I Mordor Intelligence
The polyvinyl chloride (PVC) market is expected to register a CAGR of over 4% during the forecast period.
The COVID-19 outbreak resulted in an economic crisis worldwide. Globally, the major PVC-consuming industries, like automotive, electrical and electronics, and building and construction, were severely affected by the COVID-19 pandemic. However, the surging demand for PVC in post-pandemic industries propelled industry growth.
Key Highlights
Over the medium term, PVC's dominant position in the construction industry and the increasing applications in the healthcare industry are likely to drive the PVC market.
The environmental and health hazards during PVC production, usage, and disposal are projected to hinder the market's growth.
The accelerating PVC usage in electric vehicles is projected to act as an opportunity for the market in the future.
Asia-Pacific is expected to dominate the PVC market during the forecast period. China is the largest consumer of PVC within the region, owing to the growing construction and automotive industry.
Polyvinyl Chloride (PVC) Market Trends
Increasing Demand from the Building and Construction Industry
PVC is strong, lightweight, durable against weather, rotting, chemical corrosion, and abrasion, versatile, and easy to use, as it can be cut, shaped, welded, and joined in any style. These characteristics make it ideal for many applications, such as pipes, windows, flooring, and roofing.
PVC flooring includes certain benefits, such as durability, freedom of aesthetic effects, ease of installation, cleaning, and recyclability. Thus, PVC flooring is used over the years. PVC is also used in roofing in the building and construction industry. It is used for its low-maintenance requirements and long-lasting nature (over 30 years).
The increasing infrastructure construction activities are the primary driver in Asia-Pacific, the Middle East, and North America.
China is the largest construction market globally, encompassing 20% of all construction investments. According to the National Bureau of Statistics of China, in 2021, the construction industry in China generated an added value of approximately USD 1.12 trillion.
The United States is one of the world's largest construction industries. ?In 2021, according to the US Census Bureau, the total value of residential housing was USD 217,30 million, up by 21.8%, compared to USD 178,362 million in 2020. This trend is expected to continue during the forecast period.?
All such factors are expected to boost the PVC market at a moderate rate during the forecast period.
Asia-Pacific to Dominate the Market
Asia-Pacific dominates the polyvinyl chloride market due to the high demand from countries such as India, Japan, and China.
China includes the most extensive electronics production base. It offers tough competition to the existing upstream producers, like South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, witnessed the highest growth in the consumer electronics segment.
The medical device market in China is one of the fastest-growing sectors. Private hospitals in the country are fewer, and the procurement of healthcare products is majorly driven by large public hospitals, leading to increasing usage of medical devices in public hospitals. Such factors drove the sector's demand for polyvinyl chloride (PVC).
In 2021, the health expenditure in China was USD 1.10 trillion, accounting for 6.7% of the country's GDP. Additionally, in 2021, the per capita health expenditure level amounted to about USD 780, which increased from around USD 733 in the previous year. The medical device market in China witnessed substantial growth due to a growing number of hospitals and the increasing demand for medical assistance.
The Government of India is taking several measures to promote the country's domestic electronics manufacturing industry and exports. For instance, India's exports of electronic goods were valued at USD 11.7 billion in FY 2021. In May 2021, exports of electronic goods were valued at USD 950.17 million. This growth in electronic products in the country will likely propel the demand for polyvinyl chloride (PVC) in the electronic industry over the forecast period.
The Indian healthcare market may increase to reach USD 367 billion by 2023. India's public expenditure on healthcare stood at 2.1% of GDP in 2021-22 against 1.8% in 2020-21. In Union Budget 2022-23, USD 11.28 billion was allocated to the Ministry of Health and Family Welfare (MoHFW).
Such factors are expected to boost the polyvinyl chloride (PVC) market in the Asia-Pacific region.
Polyvinyl Chloride (PVC) Market Competitor Analysis
The polyvinyl chloride market is highly fragmented among the top five players. The top companies have focused on providing better materials for various end-user industries. Major PVC manufacturers are Formosa Plastics Corporation, Shin-Etsu Chemical Co. Ltd, Westlake Chemical Corporation, INEOS, and Xinjiang ZhongtaiChemical Co. Ltd., among others (not in any particular order).
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Application in the Healthcare and Medical Devices Industries
4.1.2 Increasing Demand from the Construction Industry
4.2 Restraints
4.2.1 Hazardous Impact on Humans and the Environment
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Volume)
5.1 Product Type
5.1.1 Rigid PVC
5.1.1.1 Clear Rigid PVC
5.1.1.2 Non-clear Rigid PVC
5.1.2 Flexible PVC
5.1.2.1 Clear Flexible PVC
5.1.2.2 Non-clear Flexible PVC
5.1.3 Low-smoke PVC
5.1.4 Chlorinated PVC
5.2 Stabilizer Type
5.2.1 Calcium-based Stabilizers (Ca-Zn Stabilizers)
5.2.2 Lead-based Stabilizers (Pb Stabilizers)
5.2.3 Tin and Organotin-based (Sn Stabilizers)
5.2.4 Barium-based and Other Stabilizer Types (Liquid Mixed Metals)
5.3 Application
5.3.1 Pipes and Fittings
5.3.2 Film and Sheets
5.3.3 Wire and Cables
5.3.4 Bottles
5.3.5 Profiles, Hoses, and Tubings
5.3.6 Other Applications
5.4 End-user Industry
5.4.1 Building and Construction
5.4.2 Automotive
5.4.3 Electrical and Electronics
5.4.4 Packaging
5.4.5 Footwear
5.4.6 Healthcare
5.4.7 Other End-user Industries
5.5 Geography
5.5.1 Asia-Pacific
5.5.1.1 China
5.5.1.2 India
5.5.1.3 Japan
5.5.1.4 South Korea
5.5.1.5 Rest of Asia-Pacific
5.5.2 North America
5.5.2.1 United States
5.5.2.2 Canada
5.5.2.3 Mexico
5.5.3 Europe
5.5.3.1 Germany
5.5.3.2 United Kingdom
5.5.3.3 Italy
5.5.3.4 France
5.5.3.5 Spain
5.5.3.6 Rest of Europe
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle-East
5.5.5.1 Saudi Arabia
5.5.5.2 South Africa
5.5.5.3 Rest of Middle-East
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ChemChina
6.4.2 Formosa Plastics Corporation
6.4.3 Ineos
6.4.4 Inner Mongolia Junzheng Energy & Chemical Group
6.4.5 Kem One SaS
6.4.6 LG Chem
6.4.7 Orbia
6.4.8 Occidental Petroleum Corporation
6.4.9 SABIC
6.4.10 Shaanxi Coal and Chemical Industry Group
6.4.11 Shin-Etsu Chemical Co. Ltd
6.4.12 Tianye Group
6.4.13 Westlake Chemical Corporation
6.4.14 Xinjiang Zhongtai Chemical Co. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Recycled PVC
7.2 Accelerating Usage in Electric Vehicles
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security