Polyvinyl Chloride (PVC) Market size is valued at USD 53.8 billion in 2021 and is expected to burgeon significantly during the forecast period 2022 to 2028. The global market provides a detailed overview of the Polyvinyl Chloride (PVC) market and that can be segmented by type, By Stabilizer Type, By Application, By End-User. By type, The Polyvinyl Chloride (PVC) market has been segmented into Rigid PVC, Flexible PVC, Low Smoke PVC, and Chlorinated PVC. The Rigid PVC segment is likely to be the largest and fastest-growing segment in terms of type. Based on Stabilizer Type the Polyvinyl Chloride (PVC) market is segmented into Calcium-based Stabilizers (Ca-Zn Stabilizers), Lead-based Stabilizers (Pb Stabilizers), Tin and Organotin-based (Sn Stabilizers), Barium-based and Others (Liquid Mixed Metals). Among these, the Calcium-based Stabilizers (Ca-Zn Stabilizers) segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on Application, the Polyvinyl Chloride (PVC) market is segmented into Pipes and Fittings, Film and Sheets, Wire and Cables, Bottles Profiles, Hoses and Tubing, and Other Applications. The Pipes and Fittings segment accounts for the largest share in 2021. Films and sheets is the second-largest share during the forecast period 2021-2028.
In October 2020, AGR resin of Xinjiang Zhongtai Chemical Fukang Energy Company successfully passed the National Standard Project Evaluation. AGR resin is a special anti-scour polyvinyl chloride resin developed due to the disadvantage of the low impact strength of universal polyvinyl chloride resin. It is a modified polyvinyl chloride resin.