An Incisive, In-depth Analysis on the Polyvinyl Chloride Market
This study offers a comprehensive, 360 degree analysis on the Polyvinyl Chloride market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Polyvinyl Chloride market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Resurgence of PVC Alternatives to Rejuvenate Polyvinyl Chloride Market Growth
Global polyvinyl chloride (PVC) market growth is primarily complemented by elevated demand in packaging, automotive and construction industries. The market is set for positive growth at approximately 4.2% CAGR over the course of projection period (2019-2029). The key end-use segment catalysing the growth of PVC market is pipe & fittings segment.
PVC is being extensively utilized in industrial, commercial and household sectors. Accelerating infrastructure projects in developing countries are substantial growth contributors of PVC market. However, the industry is receiving headwinds from mounting environmental concerns in view of toxic fumes emitted during PVC production. Leading manufacturers are thus focused on enhancing the sustainability aspect of their business by developing eco-friendly alternatives.
Pipes & Fittings Segment Captures Majority Share in PVC Market
On account of high endurance, durability and cost-competitive attributes of PVC pipes, the demand continues to surge in pipes & fittings end-use segment. Modern infrastructure activities necessitate the use of polyvinyl chloride in a wide array of piping applications such as transportation of drinking water, waste products drainage and water drainage from roof or ground.
PVC pipes will continue to gain stronghold in industrial piping systems through 2029. PVC pipes have long been utilized for transporting hazardous chemicals owing to their high corrosion resistance. PVC is highly preferred by manufactures in view of facile maintenance, economic factors and safety considerations. These features would propel the PVC market in foreseeable future.
Demand for Sustainable PVC Substitutes on Rise
The environmental concerns regarding PVC usage have long been emphasized. Each stage of PVC lifecycle, right from production to disposal is considered highly perilous for environment. PVC has been declared as a human carcinogen by The United States Environmental Protection Agency (EPA). Manufacturers are thus keen on accelerating the production of PVC alternatives.
Development of PVC substitutes will present lucrative growth opportunities for leading global producers. Some manufacturers have launched high-density polyethylene (HDPE), which is a form of extremely durable plastic. This variant is known to be less disruptive in terms of its environmental impact. Owing to its recyclability, HDPE can significantly reduce landfill waste, thereby fuelling its adoption.
Asia Pacific Continues to Propel Market Growth
Asia Pacific occupies leading revenue share in global PVC market. India and China are predominant regional markets on account of expediting construction undertakings. Furthermore, rapid urbanization, rising population and net worth income is attributed for substantial regional market share.
On the other hand, United States will witness double-digit growth during the forecast period. Manufacturing, construction and automotive industries remain major stimulants of domestic PVC market growth. Leading PVC producers must capitalize on heightened demand in crucial markets by launching new sustainable products through 2029.
Prominent Companies to Bank on Innovation and Expansion through 2029
Key players in global polyvinyl chloride market include, Formosa Plastics Corporation, Chinyang Chemical Co. Ltd., BASF SE, Arkema S.A., Ineos Chlorvinyls Ltd., Saudi Plastic Products Company Ltd., Occidental Petroleum Corporation, Premier Polyfilm Ltd., and The Chemical Company. Established players are projected to scale up expansion and R&D activities through 2029.
For instance, Shintech Inc. is constructing a new PVC plant in Plaquemine, Louisiana (US). This project which commenced in 2018 will significantly boost the production capacity of the company. Innovation will be centred on creating sustainable alternatives for PVC. In addition, key producers must undertake joint ventures to solidify their position in global market.
A recent market study published by Future Market Insights on the polyvinyl chloride market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
The global polyvinyl chloride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Chapter 01 – Global Economic Outlook
The report begins with the global economic outlook, providing a background to report readers for understanding of the polyvinyl chloride market.
Chapter 02 – Executive Summary
The report begins with an executive summary of the polyvinyl chloride market, which includes key findings and statistical analysis of the market.
Chapter 03 – Market Overview
Readers can find the definition and detailed taxonomy of the market in this chapter, which will help them understand the basic information about the market.
Chapter 04 - Demand Analysis 2014-2018 and Forecast, 2019-2029
This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical market, along with opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).
Chapter 05 - Pricing Analysis
This section covers pricing analysis of the market at the regional level.
Chapter 06 - Market Background
This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029 and the key macroeconomic factors that are expected to influence growth of the market during the forecast period. This section also highlights the opportunity analysis for the market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the market.
Chapter 07 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Region
This chapter explains how the market is anticipated to grow across six key geographic regions such as North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA).
Chapter 08 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Application
This chapter provides details about the market based on application, and has been classified pipes & fittings, profiles & tubes, films & sheets, cables, bottles, and others. Through this chapter, readers can understand market attractiveness analysis based on application.
Chapter 09 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Product Type
This chapter provides details about the market based on type, and has been classified into rigid and flexible. Through this chapter, readers can understand market attractiveness analysis based on type.
Chapter 10 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by End Use
This chapter provides details about the market based on end use, and has been classified into construction, automotive & transportation, packaging, electrical & electronics, consumer goods, and others, including cables. Through this chapter, readers can understand market attractiveness analysis based on end-use.
Chapter 11 - North America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter includes detailed analysis of the growth of the North America market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on application, type, end-use and countries in North America.
Chapter 12 - Latin America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the market in countries in Latin American such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Chapter 13 - Europe Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Important growth prospects of the market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the rest of Europe are included in this chapter.
Chapter 14 - Japan Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides information about how the market growth will unfold across the Japanese economies during the forecast period.
Chapter 15 - Asia Pacific excluding Japan (APEJ) Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Leading countries in the Asia Pacific region are prime subjects of assessment to obtain growth prospects of the Asia Pacific market in this chapter. Readers can find detailed information about growth parameters of the Asia Pacific market during the forecast period.
Chapter 16 - MEA Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.
Chapter 17 - Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the market, along with their market presence analysis by region and product portfolio.
Chapter 18 - Competition Analysis
In this chapter, readers can find detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in this report are Chinyang Chemical Co. Ltd., Formosa Plastics Corporation, Imerys Filtration Minerals, Ineos Chlorvinyls Ltd., BASF SE, Mexichem, The Chemical Company, Universal Polymers, Arkema S.A., LG Chem, and Occidental Petroleum Corporation.
Chapter 19 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the polyvinyl chloride market report.
Chapter 20 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the market. The report focuses on polyvinyl chloride consumed in the chemicals & materials industry.