APAC Dominates the Global Polyvinyl Chloride Market | Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–The global
polyvinyl chloride (PVC) market is expected to grow at a CAGR close
to 4% from 2017-2021, according to a new market research report by
Technavio.

Global polyvinyl chloride market segmentation by application and
geography

Technavio’s report on the global polyvinyl chloride market analyses the
business dimensions and presents a comprehensive breakdown in terms of
market segmentation by application type, including pipes, profiles, and
fittings, films and sheets, and cables. As projected in 2016,
approximately 60% of the market share originated from the pipes,
profiles, and fittings application segment.

Based on geography, the global polyvinyl chloride market has been
segmented into APAC, the Americas, and EMEA. As of 2016, APAC has a
market share of approximately 58%. The growth of industries such as
automotive, construction and others that use PVC is going to be the top
driver for this market. Almost 71% of the share in the PVC market is
attributed to the construction industry. Countries such as China, India,
Indonesia, and Vietnam where the construction industry is improving
exponentially due to government support for economic development will
help in the growth of the global
polyvinyl chloride market significantly.

“As per industry prediction, the construction sector in China grew to
a rate of 15%-17% in 2016. The major reason for this is the support
received by the Chinese government, in the form of financial
investments. Also, lenient real estate regulations and easy availability
of credit/loans have boosted the nation's construction sector,” says
Kshama Upadhyay, a lead analyst at Technavio for specialty
chemicals research.

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Polyvinyl chloride market: competitive vendor landscape

The global
polyvinyl chloride market consists of both international and local
vendors such as INEOS Group Holding, LG Chem, Mexichem, Shin-Etsu
Chemicals, and Westlake Chemical. With the increase in product line
extensions; innovations in technology; and increasing demand from the
emerging markets of APAC, the competitive environment in the market is
expected to intensify during the forecast period. Vendors are competing
on factors such as production cost; product innovation; price;
operational cost; R&D cost; and product quality.

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Other topics covered in the report:

Market drivers:

• Growth in global infrastructure
• Vastly expanding medical devices market

Market challenges:

• Hazardous manufacturing process
• Banning of mercury cell technology

Market trends:

• Growing shale gas market
• Bio-based plasticizers for PVC

Get a sample copy of the global
polyvinyl chloride (PVC) market report free of cost

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