Polyvinyl Chloride Resin Market: By Product Type, By Stabilizer, Lead-based Stabilizers, Tin and Organotin-Based and Barium Based and Others ), By Application, By End User and Geography
Polyvinyl Chloride (PVC) Resin Market size was valued at 44.57 Million in 2023 and is estimated to reach 58.26 Million by 2030, at a CAGR of 3.9% from 2024 to 2030. PVC Polymers have properties such as inflammability, oil & chemicals resistant, strength, ease of handling & molding and rigidity thus these materials are widely utilized in the various construction fields and various end users. Increasing technological advancement boosts the growth of the polyvinyl chloride (PVC) resin market. However, High cost of raw materials, lack of trained professional to operate the polyvinyl chloride (PVC) resin devices and difficulty in finding suitable polyvinyl chloride (PVC) resin are the major factors that hinder the growth of the polyvinyl chloride (PVC) resin market. After polyethylene and polypropylene, PVC is the most widely used thermoplastic. Products made from PVC resins have a high impact strength and stiffness. These items are non-flammable, sturdy, chemically resistant, and stable at ambient temperatures. PVC end user goods are used in construction, food, pharmaceutical, chemical, and a variety of other industries because of these outstanding characteristics. PVC resins are also used in the consumer goods and furniture industries, where they are used to make raincoats, shoe soles, conveyor belting, and other home items. PVC pipes are utilised in a variety of industries, particularly in the manufacture of water pipes; as a result, PVC pipe production is an important duty for this business, which will continue to grow in the coming years. Growing infrastructure around the world, an ageing population in need of medical equipment, and increased use of consumer goods are all important factors influencing the growth of the PVC resins market.
Study Period
2024-2030Base Year
2023CAGR
3.9%Largest Market
North AmericaFastest Growing Market
Europe
In the recent years, Due to rapid urbanizations increase in the growth of constructions such as industrial and residential buildings PVC products are installed in various constructions for piping, tubing and others. PVC resin are also necessary in various electrical appliances as they provide insulation and increase the durability. Additionally, in automobile and aerospace sectors rise in the utility of these products to reduce the weight hence enhancing performance and fuel efficiency. In food & beverage and medical sector rise the usage of the polyvinyl chloride (PVC) resin as they are chemically inert and physically strong.
North America accounted for larger revenue share in global polyvinyl chloride (PVC) resin market with considerable CAGR. The growth in this region can be attributed to rising in the automobile, electronic, healthcare sector etc., and in this region is supported by high expenses. European market dominates by advanced constructions and renovations systems. In Asia region polyvinyl chloride (PVC) resin is largely driven by the urbanizations, and skilled manpower, increase in disposable incomes, and increasing government emphasis on developments in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
3.9% |
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By Product Type |
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By Stabilizer Type |
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By Application |
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By End User |
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The polyvinyl chloride (PVC) resin market size was valued at US$ 44.57 Million in 2022.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
The polyvinyl chloride (PVC) resin market key players are: BASF SE, Westlake Chemical Corporation, China National Chemical Corporation (ChemChina), SABIC, Formosa Plastics Corporation, Xinjiang Zhongtai Chemical Co. Ltd, INOVYN, LG Chem, Kem One SAS, Occidental Petroleum Corporation, Orbia, The Lubrizol Corporation, Shin-Etsu Chemical Co. Ltd.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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