The Poly-Vinyl Chloride Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Poly-Vinyl Chloride Global Market Report 2024, The poly-vinyl chloride market size has grown strongly in recent years. It will grow from $89.94 billion in 2023 to $97.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to construction industry, packaging, electrical and electronics, automotive applications.
The poly-vinyl chloride market size is expected to see strong growth in the next few years. It will grow to $133.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to sustainability initiatives, urbanization and infrastructure development, renewable energy, advanced healthcare devices. Major trends in the forecast period include recyclable and bio-based pvc, phthalate-free formulations, digital printing on pvc, smart materials.
The PVC market growth was aided by increased demand from industries such as construction, health care, and packaging. The growing need for PVC is expected to drive the market. PVC is lightweight and strong and is heavily used in the construction industry in the form of pipes, windows, flooring, and roofing. According to Oxford Economics, a UK-based firm providing global economic forecasting and econometric analysis, the worldwide construction output is expected to grow from $10.7 trillion in 2020 to $15.2 trillion by 2030 at a rate of 42%, which is expected to positively impact the PVC market. The growth of end-user industries, including construction, health care, and packaging, boosts the demand for PVC, increasing the growth of the PVC market.
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The poly-vinyl chloride market covered in this report is segmented –
1) By Product Type: Rigid PVC; Flexible PVC; Low-smoke PVC; Chlorinated PVC
3) By Application: Pipes & Fittings; Film & Sheets; Wire & Cables; Bottles; Profiles, Hoses & Tubing; Other Applications
2) By End User Industry: Building & Construction; Automotive; Electrical & Electronics; Packaging; Footwear; Healthcare; Other End Use Industries
The poly-vinyl chloride market report table of contents includes:
- Executive Summary
- Poly-Vinyl Chloride Market Characteristics
- Poly-Vinyl Chloride Market Trends And Strategies
- Poly-Vinyl Chloride Market – Macro Economic Scenario
- Global Poly-Vinyl Chloride Market Size and Growth
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- Global Poly-Vinyl Chloride Market Competitive Benchmarking
- Global Poly-Vinyl Chloride Market Competitive Dashboard
- Key Mergers And Acquisitions In The Poly-Vinyl Chloride Market
- Poly-Vinyl Chloride Market Future Outlook and Potential Analysis
- Appendix
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