(MENAFN- ChemAnalysts) According to ChemAnalyst report, “Global Poly Vinyl Chloride (PVC) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, The Polyvinyl Chloride (PVC) market is anticipated to experience a significant rise and reach approximately 65 million tonnes in 2030, at an expected CAGR of 4.71% during the forecast period by 2030. The rising demand for Polyvinyl Chloride (PVC) in Pipe and Fittings, Profiles and Tubes, Films and Sheets, Bottles, Wires and Cables, and Other end-use industries is anticipated to result in an expansion of the Polyvinyl Chloride (PVC) market in the forecast period.
Polyvinyl Chloride (PVC) is a versatile and affordable thermoplastic polymer. This polymer is synthesized by polymerization of vinyl chloride monomer. PVC has properties like flame retardance, electrical, water & heat resistance. It can withstand pressure or damage and is light weight in nature. Owing to all these properties PVC became the choice of many construction industries in applications like fencing, window frames, flooring, railing & decking. Due to its insulating nature, it is employed in electrical industry for insulating wires. Traditional materials including ceramics, metals, concrete, wood, rubber, and many more are now being replaced by PVC in the construction sector. PVC is an excellent material for cladding, roofing, wall covering, and other applications because it is durable and has exceptional resistance to moisture and abrasion. Because PVC is strong, flexible, and light weight, it also finds a niche in the textile, packaging (including food, medical, & other packaging), and transportation industries.
The global PVC market is driven by its unique properties. It offers superior rigidity than other plastics like PET thus, can maintain a proper shape and is ideally suited for making of use and throw boxes. PVC is economical and cheaper than other polymers, attracting many sectors to deploy it in their production process. Although, it is majorly employed by the Pipe and Fittings industry, which is anticipated to progress the market growth in the upcoming years. Furthermore, the heavy usage of PVC for packaging of food items is another contributing factor to the market growth.
The global Polyvinyl Chloride (PVC) market is segmented on end-use, sales channel, and region. Region wise, APAC region holds the largest share of Polyvinyl Chloride (PVC) market worldwide due to an increase in the demand of pipes and fittings with growing economy which is anticipated to boost the demand of Polyvinyl Chloride (PVC) in the forthcoming years. China serves as a leading manufacturer of Polyvinyl Chloride (PVC) all across the globe.
Based on end-use, the global Polyvinyl Chloride (PVC) market is segregated into Pipe and Fittings, Profiles and Tubes, Films and Sheets, Bottles, Wires and Cables, and Other end-use industries. Polyvinyl Chloride (PVC) is primarily consumed in the Pipe and Fittings industry. Roughly 40% of global use of Polyvinyl Chloride (PVC) in 2021 was be accounted for manufacturing Pipe and Fittings. Films and Sheets also portrays as a significant consumer of Polyvinyl Chloride (PVC).
“Global Poly Vinyl Chloride (PVC) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, the significant players functional in the Polyvinyl Chloride (PVC) market are Xinjiang Tianchen Chemical, Xinjiang Huatai Heavy Chemical, Sinopec Qilu Petrochemical, Yibin Haifing Herui, Tianjin Dagu Chemical, Anhui Huasu Co., Erdos Chemical Group ChlorAlkali Chemical, Inner Mongolia Yili Chemical, Inner Mongolia Jilantai Salt Chemical, Tangshan Chlor Alkali, Xinjiang Zhongtai Fukang Energy, Tianjin LG DAGU, and Nanning Luzhou Chemical.
“The rapidly increasing demand for durable and lightweight material for constructing pipes and fittings which are employed by construction sector contributing to the expansion of Polyvinyl Chloride (PVC) market in the forecast period until 2030. Consistently growing demand for Polyvinyl Chloride (PVC) to its due to its resistance to moisture and abrasion and insulation properties makes it a versatile plastic for manufacturing wires, cables, films, and food packaging. Additionally, PVC is cheaper and more durable than other polymers like PET which is anticipated to further push the demand of PVC in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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