North America Polyvinyl Chloride (PVC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
North America Polyvinyl Chloride Market was valued at USD 4,688 million in 2020 and is expected to grow at a CAGR of 4.90% during the forecast period.
The market was negatively affected by COVID-19 in 2020. Owing to the pandemic scenario, the countries in the region went into lockdown to curb the spreading of the virus, which negatively impacted the market. Various end-user industries such as building and construction, electrical and electronics, automotive, and others were badly affected due to supply chain disruption, work stoppages, and labor shortages. However, the condition is expected to recover in 2021, which is likely to restore the growth trajectory of the market studied during the forecast period.
Key HighlightsThe North American polyvinyl chloride market is consolidated among the top five players. The top companies have been focusing on providing better materials for various end-user industries. Major manufacturers of North America PVCs are Formosa Plastics Corporation, Shin-Etsu Chemical Co., Ltd., Westlake Chemical Corporation, Occidental Petroleum Corporation, and Orbia (Mexichem SAB de CV).
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