Overview and Scope
PVC emulsion is a small particle powder containing very little free monomer of polyvinyl chloride. It is used in the manufacturing of artificial leathers, toys, flooring, coatings, mastic for the automotive and construction sectors, and others.
Sizing and Forecast
The pvc emulsion market size has grown strongly in recent years. It will grow from $3.12 billion in 2023 to $3.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to advancements in polymer chemistry, cost-effectiveness of pvc emulsion compounds, application in niche markets, advantages in noise reduction, stability and durability properties..
The pvc emulsion market size is expected to see strong growth in the next few years. It will grow to $4.01 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to regulatory compliance and standards, increased focus on sustainable practices, global shift towards electric vehicles, expansion of urban mobility solutions, global events and supply chain dynamics.. Major trends in the forecast period include advancements in pvc emulsion technology, customization and design innovation, smart tire technologies, tire recycling initiatives, technological integration in manufacturing, collaborations and partnerships..
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Segmentation & Regional Insights
The pvc emulsion market covered in this report is segmented –
1) By Type: Micro Suspension, Micro Seeded, Other Types
2) By Application: Flooring And Wall Covering, Fabric Coating, Synthetic Leather Manufacturing, Automotive Mastic And Sealants, Printing Inks And Adhesives, Surface Coating, Other Applications
Top 5 Major Players:
- Chemplast Sanmar Limited,
- Finolex Industries Limited,
- SCG Chemicals Co Ltd.,
- Kaneka Corporation,
- Formosa Plastics Corporation
North America was the largest region in the PVC emulsion market in 2023. Asia-Pacific is expected to be the fastest-growing region in the PVC emulsion market during the forecast period. The regions covered in the pvc emulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The expansion in the construction sector is significantly contributing to the growth of the PVC emulsion market going forward. The construction sector refers to the sector involved in production and trade that focuses on creating, maintaining, and repairing infrastructure. PVC emulsions in construction are used in the coating of construction materials to provide a barrier to oxygen, moisture, and anti-corrosion properties. Additionally, it is utilized in the production of false ceilings due it its flexibility, conducive bending, and lightweight properties. For instance, in September 2022, according to Zippia, a US-based online recruitment service provider, approximately 1,337,800 new housing units were completed in 2021, a 4% increase from 2020 in the US. Moreover, the construction of residential buildings grew from 12,00,000 in 2019 to 13,81,000 in 2020 a 15.08 percent increase. Therefore, expansion in the construction sector is driving the growth of the PVC emulsion market.
Key Industry Players
Major companies operating in the PVC emulsion market are developing new products such as, insulated single core wires, to sustain their position in the market. Insulated single-core wires are part of a type of electrical cable that consists of a single conductor or wire insulated in an external coating layer. For instance, in September 2023, Panasonic Holdings Corporation, a Japan-based electronics company launched Copapro FR, an insulated Single Core wire designed to cater to diverse wiring needs for both residential and industrial use. The wire incorporates a flame-resistant (FR) molecule in its PVC insulation, enabling self-extinguishing properties when the fire source is removed. RoHS compliant, the product is environmentally friendly, providing protection against termites and rodents due to the PVC insulation’s chemical composition. With high insulation resistance, it meets IS 694 specifications, ensuring safety and minimal leakage current. The COPAPRO-FR wire is further distinguished by increased flexibility through extra annealing, simplifying conduit laying. Crafted with premium PVC materials, COPAPRO-FR PVC promises durability, longevity, and outstanding performance, providing a reliable and safe wiring solution.
The pvc emulsion market report table of contents includes:
1. Executive Summary
2. PVC Emulsion Market Characteristics
3. PVC Emulsion Market Trends And Strategies
4. PVC Emulsion Market – Macro Economic Scenario
5. Global PVC Emulsion Market Size and Growth
…..
31. Global PVC Emulsion Market Competitive Benchmarking
32. Global PVC Emulsion Market Competitive Dashboard
33. Key Mergers And Acquisitions In The PVC Emulsion Market
34. PVC Emulsion Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global PVC Emulsion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global PVC Emulsion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global PVC Emulsion Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 51: Chemplast Sanmar Limited Financial Performance
Table 52: Finolex Industries Limited Financial Performance
Table 53: SCG Chemicals Co Ltd. Financial Performance
Table 54: Kaneka Corporation Financial Performance
Table 55: Formosa Plastics Corporation Financial Performance
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