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

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

Polyvinylidene chloride (PVDC) was developed by Dow Chemicals in the 1930s and marketed under the tradename Saran. PVDC has a very low permeability to moisture and other gases and is resistant to chemicals and solvents. It was initially used as a protective coating to combat corrosion on military aircraft exposed to sea spray.

Market Overview:

The latest research study on the global Polyvinylidene Chloride market finds that the global Polyvinylidene Chloride market reached a value of USD 1114.63 million in 2022. It’s expected that the market will achieve USD 1522.27 million by 2028, exhibiting a CAGR of 5.33% during the forecast period.

Influence of COVID-19 Outbreak on Polyvinylidene Chloride Industry Development

The outbreak of the epidemic interrupted the industrial chain. Strict control policies have caused delays from the raw materials production, transportation, product manufacturing, to final sales of goods. Even in areas where the epidemic is relatively mild, the lack of raw materials has led to low capacity utilization. Therefore, the epidemic has put a lot of pressure on the supply side in the short term. On the contrary, because PVDC is mainly used for packaging, even during the epidemic, the demand for consumables such as food and medicine is still great. With the orderly resumption of work and production in various regions, the negative impact on the industry should be relatively low.

Strength

PVDC is a transparent and flexible synthetic thermoplastic, which is polymerized by vinylindene dichloride. It is optically transparent, has high gloss, and has excellent oxygen and moisture barrier properties comparable to metalized films. It is one of the earliest commercialized polymers. Due to its excellent moisture-proof, oxygen-proof and aroma-proof properties, it is widely used in the production of food and daily necessities packaging. Other industrial uses include screens, artificial turf, waste-eater treatment materials and underground materials.

Weakness

Food packaging is one of the main applications of polyvinylidene chloride. Although polyvinylidene chloride is very useful as a food packaging agent, its main disadvantage is that it will undergo thermally induced dehydrochlorination at a temperature very close to the processing temperature. This degradation is easily spread, leaving long enough polyene sequences to absorb visible light and change the color of the material from colorless to undesirable transparent brown, which is unacceptable for food packaging. Therefore, there is a large amount of product loss during the manufacturing process, which increases production and consumer costs.

Opportunities

According to data from the European Commission, it is estimated that by 2030, the global middle class will grow and reach 5.5 billion. Among them, the middle-class market in advanced economies is expected to grow at a rate of only 0.5%-1% per year, while the annual growth rate of the active middle-class market in emerging economies can reach 6% or higher. The increase in overall consumption power in some developing countries such as China and India will promote trade prosperity, put forward more demand for packaging, and thus promote the development of the industry.

Threat

With the strengthening of social environmental protection awareness, sustainable development and circular economy is becoming the themes of the times. Although PVDC has been widely used for packaging goods for decades, more and more environmental issues have prompted packaging manufacturers and retailers around the world to reconsider its use. For example, Ellen MacArthur’s Global Commitment Plan reports that 62% of the brands, retailers, and packaging manufacturers in its contracting group (more than 400 organizations worldwide) have already phased out or plan to remove PVDC materials from their product portfolio by 2025. TESCO, the leading retailer in the UK, announced a strict ban on all non-recyclable materials before 2019. If the property of PVDC as a non-recyclable material is not broken, changes in the concept of in major markets such as Europe and North America will limit the development of the industry.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Solvay，SK Global Chemical，Asahi Kasei，KUREHA and Juhua Group Corporation are the five key players in the global Polyvinylidene Chloride market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Polyvinylidene Chloride market in the past 5 years.

Solvay is a Belgian chemical company founded in 1863, at its headquarters in Neder-Heembeek, Brussels, Belgium. The company’s business areas include materials, chemicals and solutions.

SK Global Chemical

The company was established in 2011 and is a Korean company. Their products include ethylene, propylene, butadiene, benzene, toluene, xylene, high-performance chemicals like polyethylene, as well as cycloalkanes, aliphatic, dearomatics and more.

Segmentation Overview:

Among different product types, Extrudable Powder segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Food Packaging and Wrap segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Polyvinylidene Chloride market covered in Chapter 3:

Juhua Group Corporation
Asahi Kasei
SK Global Chemical
KUREHA
Nantong SKT New Material
Solvay

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

Aqueous Dispersion
Extrudable Powder
Soluble Powder

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

Food Packaging and Wrap
Pharmaceuticals Packaging
Construction
Transportation
Other

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)