Global PVC Compound Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PVC Compound Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The most versatile thermoplastic material commercially available in a variety of compounded forms to cover a wide range of hardness and flexibility applications is PVC. It has good physical strength and excellent resistance to water and chemicals. The PVC characteristics are when the flame is withdrawn and difficult to ignite and have self-extinguishing.

PVC resin is liable to degradation on heating and is a very tricky material to process, unless properly compounded. This place a great deal of responsibility on the compounding technologist. The use of compounding is to mix the resin and other additives into a homogeneous state of processing. These compounds use for the manufacture of finished products. It is impossible to process PVC resin without the addition of certain compounding ingredients such as heat stabilizers and lubricants.

Market Overview:

The latest research study on the global PVC Compound market finds that the global PVC Compound market reached a value of USD 3532.54 million in 2022. It’s expected that the market will achieve USD 4565.44 million by 2028, exhibiting a CAGR of 4.37% during the forecast period.

The development of emerging economies

With the continuous development of emerging economies such as China and India, their demand for plastic products will also increase, which will bring some opportunities for the development of PVC Compound industry. Companies in the industry should pay close attention to this market in order to seize the first opportunity to win market share and improve their competitive advantage.

Environmental protection and safety production risk

This industry belongs to the chemical industry, the production process is inflammable, explosive, toxic, harmful and other characteristics, the professional technology, management control, staff comprehensive quality and other aspects of high requirements, there is the risk of safety accidents caused by the management and improper operation of hazardous chemicals and other reasons. In the production of this product will produce waste gas, waste water and solid waste, if improperly treated will have environmental pollution problems. As governments continue to increase policy requirements in environmental protection and governance, companies in the industry will have to invest more to meet increasingly stringent environmental requirements.

Growth in downstream demand

PVC Compound is widely used in industries, agriculture, construction, electronics, medical, automotive and other fields. With the development of downstream industries, the demand for PVC Compound is also expanding. Take the automobile industry as an example. With the development of automobiles in the direction of light weight and energy saving, higher requirements are put forward for materials. Because 1kg of plastic can replace 2-3kg of steel and other heavier materials, and every 10% reduction in the weight of the car, fuel consumption can be reduced by 6%-8%. Therefore, increasing the amount of modified plastics used in automobiles can reduce the cost and weight of the entire vehicle, and achieve energy-saving effects. This also drives the demand for PVC Compound.

Region Overview:

In 2022, the share of the PVC Compound market in Asia Pacific stood at 34.57%.

Company Overview:

Orbia is one of the major players operating in the PVC Compound market, holding a share of 12.45% in 2023.

Orbia

Orbia specializes in products and solutions. The Company focuses on insuring food security, reducing water scarcity, reinventing the future of cities and homes, connecting communities to data infrastructure, and expanding access to health and wellness with advanced materials.

Westlake Chemical

Westlake Chemical is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products, which are fundamental to various consumer and industrial markets.

Segmentation Overview:

As for product types, the Plasticised PVC segment held the largest market share in 2022.

Non-Plasticised PVC

Non-Plasticised PVC has a harder texture and can be used to make harder items such as pipes and door frames.

Plasticised PVC

Plasticizers can soften PVC compounds and reduce tensile strength. Plasticised PVC can be used as cable insulation, artificial leather, etc.

Application Overview:

By application, the Wire & Cable segment occupied the biggest share from 2018 to 2022.

Key Companies in the global PVC Compound market covered in Chapter 3:

Mazda Plastic
Orbia
Teknor Apex
Flex Technologies
Roscom
Thai Plastics
EMPOL/IFFCO
Wofoo Plastics Limited
Cary Compound
Benvic Europe
INEOS Compounds
Konnark Polymer
Thevinyl Ltd
Aurora Plastics
Westlake Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the PVC Compound market from 2018 to 2029 is primarily split into:

Non-Plasticised PVC
Plasticised PVC

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PVC Compound market from 2018 to 2029 covers:

Pipe & Fitting
Profiles & Tubes
Wire & Cable
Film & Sheet
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)