The Polyvinyl Chloride (PVC) Market is expected to reach USD 170.48 billion by 2020, according to a new report by Reports and Data. Polyvinyl Chloride (PVC) are used for the manufacture of shatter-resistant, lightweight, and long-lasting products. They are used for designing unique shapes and complex geometries. The market is principally driven by the rising demand for plastics from the packaging industry, especially from the F&B packaging industry. This demand is due to the plastic’s corrosion-resistant nature, moisture barrier, and micro-organisms resisting characteristics, all these benefits to provide an increased shelf life of the food products.

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Competitive Landscape:

The global Polyvinyl Chloride (PVC) market is extremely competitive and comprise of various key players at regional and global levels. These players are focusing on developing strategic alliances such as mergers and acquisitions, partnerships, product launches, joint ventures, to strengthen their market position and enhance their product base.

Some of the key companies operating in the global market 

·         Dow Chemical Company,

·         LyondellBasell, SABIC

·         Covestro

·         Chi Mei Corporation

·         INEOS

·         BASF

·         PPG Industries

·         Others.

Market Overview:

The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2020 to 2028. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.  

Key questions addressed in the report:

·         What size is the global Polyvinyl Chloride (PVC) market expected to reach over the forecast period?

·         Which revenue CAGR is the global market expected to register throughout the forecast period?

·         Which factors are expected to hamper global market growth during the forecast period?

·         Which key factors are expected to driver global Polyvinyl Chloride (PVC) market throughout the forecast period?

·         Which application segment is expected to register fastest revenue CAGR between 2020 and 2028?

·         Which region is expected to register fastest revenue CAGR throughout the forecast period?

·         What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

Further key findings from the report suggest

  • The Polyvinyl Chloride (PVC) Market is estimated to reach USD 176.29 billion by 2020, at a CAGR of 5.9% during the forecast period.
  • The rigid form segment accounts for the largest share of 63.1% of the market in 2019.
  • Rigid Polyvinyl Chloride (PVC) segment holds the largest share of the market as the rigid Polyvinyl Chloride (PVC) are utilized in several applications such as building & construction, appliances, electrical & electronics, packaging, automotive, medical and others.
  • The PET type is anticipated to grow at the highest rate of 6.6% during the forecast period.

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Global Polyvinyl Chloride (PVC) Market Segmentation:

Type Outlook:

  • Polyethylene Polyvinyl Chloride (PVC)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Polystyrene (PS)

 

Applications Outlook:

  • Packaging
  • Building & Construction
  • Electrical & Electronics
  • Automotive

 

Regional Analysis covers:

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   Germany

o   Italy

o   U.K.

o   Rest of EU

·         Asia Pacific

o   India

o   China

o   Japan

o   South Korea

o   Rest of APAC

·         Latin America

o   Brazil

o   Argentina

o   Rest of Latin America

·         Middle East & Africa

o   Saudi Arabia

o   South Africa

o   U.A.E

o   Rest of MEA

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