Polyvinyl Chloride (PVC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Polyvinyl Chloride (PVC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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) is an economical, lightweight, versatile, and high-strength thermoplastic polymer produced by the polymerization of vinyl chloride monomer (VCM). It is resistant against acids, alkalis, oils, abrasion, shock, weathering, ultraviolet (UV), and corrosive inorganic chemicals. It also exhibits excellent durability, electrical insulation, dimensional stability, and vapor barrier properties. Moreover, its properties can be enhanced by adding several additives, such as heat stabilizers, UV stabilizers, plasticizers, impact modifiers, fillers, flame retardants, and pigments. As a result, PVC is widely used in building and construction applications for wire and cable insulation and to produce door and window profiles and drinking and wastewater pipes and fittings.

Polyvinyl Chloride (PVC) Market Trends:
PVC finds extensive applications in various end use industries for packaging purposes, including maintaining the integrity of household goods and personal care products and producing tamper-resistant over-the-counter (OTC) medications and shrink wraps for consumer products. It is further gaining traction as an alternative to conventional wood frames as PVC has tremendous energy-saving potential at a low cost. Apart from this, the increasing prevalence of chronic diseases is catalyzing the demand for PVC in the medical packaging of surgery, pharmaceutical, and drug delivery products like blood and plasma transfusion sets, catheters and cannula, containers for intravenous (IV) solution sets and inflatable splints. Besides, rising sales of vehicles worldwide on account of rapid urbanization and improving purchasing power of consumers are positively influencing the utilization of PVC in the automotive industry. It is generally used in interior door panels and pockets, sun visors, seat coverings, headlining, seals, mud flaps, underbody coating, floor coverings, exterior side molding, protective strips, and anti-stone damage protection.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyvinyl chloride (PVC) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and end use industry.

Breakup by Product Type:

Rigid PVC
Flexible PVC
Others

Breakup by Application:

Pipes and Fittings
Film and Sheets
Wire and Cables
Bottles
Profiles, Hoses and Tubings
Others

Breakup by End Use Industry:

Building and Construction
Automotive
Electrical and Electronics
Packaging
Footwear
Healthcare
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report
1. What was the size of the global polyvinyl chloride (PVC) market in 2022?
2. What is the expected growth rate of the global polyvinyl chloride (PVC) market during 2023-2028?
3. What are the key factors driving the global polyvinyl chloride (PVC) market?
4. What has been the impact of COVID-19 on the global polyvinyl chloride (PVC) market?
5. What is the breakup of the global polyvinyl chloride (PVC) market based on the product type?
6. What is the breakup of the global polyvinyl chloride (PVC) market based on the application?
7. What is the breakup of the global polyvinyl chloride (PVC) market based on the end use industry?
8. What are the key regions in the global polyvinyl chloride (PVC) market?
9. Who are the key players/companies in the global polyvinyl chloride (PVC) market?