Plasticized polyvinyl chloride (PVC) compounds are widely used in manufacturing different types of flexible PVCs with multiple applications in several industry sectors. In everyday life, plasticized PVC compound is widely used to produce numerous products. Furthermore, increasing urbanization has surged the demand for plasticized PVC tubes and fittings. As per KHL GROUP LLP report published in 2022, the European construction sector is anticipated to grow by 2.5% in 2022 because of increased investment from the EU recovery fund.
Data Bridge Market Research analyses that the Global Plasticized Polyvinyl Chloride (PVC) Compound Market is expected to grow at a CAGR of 4.6% during the forecast period. The increasing demand for the plasticized polyvinyl chloride (PVC) compound will provide potential opportunities for market growth in the forecast period.
The use of PVC in the building and construction sector is anticipated to drive the market's growth rate
In everyday life, plasticized PVC compound is widely used to produce numerous products. It is seen that plasticized PVC compound is the most common product in building and construction activities. In emerging countries, the lifestyle has changed; customer preferences are moving toward more qualitative products that are more durable. Consumers choose to have highly durable products. Therefore, plasticized PVC compound products usage is surging to build houses and buildings.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 – 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes and Others), End Use (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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3M (U.S.), XPEL, Inc. (U.S.), Dow (U.S.), Eastman Chemical Company (U.S.), Hexis S.A.S (France),PremiumShield (U.S.) STEK-USA (U.S.), Reflek Technologies Corporation (U.S.), GRAFITYP (Belgium), ORAFOL Europe GmbH (Germany), DuPont (U.S.), DAIKIN (Japan)Optic Shield (Czechia), Solvay (Belgium), SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (U.S.), Saint-Gobain (France) and Avery Dennison Corporation (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global plasticized polyvinyl chloride (PVC) compound market is categorized into four notable segments which are based on form, manufacturing process, application, and end-use.
- On the basis of form, the market is segmented into dry and wet.
The dry segment of form segment is anticipated to dominate the plasticized polyvinyl chloride (PVC) compound market
The dry segment is expected to dominate global plasticized polyvinyl chloride (PVC) compound market with 75.60% market share as it has huge strength and softness and is extensively used in number of applications which is going to increase its demand in the forecast period.
- On the basis of manufacturing process, the market is segmented into injection molding, extrusion and others.
The injection molding segment of manufacturing process segment is anticipated to dominate the plasticized polyvinyl chloride (PVC) compound market
The injection molding segment is expected to dominate global plasticized polyvinyl chloride (PVC) compound market with 77.24% market share as a large variety of products are manufactured using injection molding which differs in size which is going to further increase its demand in the forecast period.
- On the basis of application, the market is segmented into film and sheet, wire and cabling, pipe and fitting, profiles and tubes and others. The film and sheet segment is expected to dominate global plasticized polyvinyl chloride (PVC) compound market with 36.54% market share as plasticized PVC films and sheets can be customized and save cost, surging its consumer appeal which is going to increase its demand in forecast period
- On the basis of end-use, the market is segmented into medical, building and construction, packaging, automotive, consumer goods, electrical and electronics, and others. The electrical and electronics segment is expected to dominate the global plasticized polyvinyl chloride (PVC) compound market with 33.48% market share as plasticized polyvinyl chloride (PVC) compound is widely used to surge their electrical conductivity which is going to further increase its demand in forecast period.
Major Players
Data Bridge Market Research recognizes the following companies as the major plasticized polyvinyl chloride (PVC) compound market players in plasticized polyvinyl chloride (PVC) compound market are 3M (U.S.), XPEL, Inc. (U.S.), Dow (U.S.), Eastman Chemical Company (U.S.), Hexis S.A.S (France),PremiumShield (U.S.) STEK-USA (U.S.), Reflek Technologies Corporation (U.S.), GRAFITYP (Belgium), ORAFOL Europe GmbH (Germany), DuPont (U.S.), DAIKIN (Japan)Optic Shield (Czechia), Solvay (Belgium), SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (U.S.), Saint-Gobain (France) and Avery Dennison Corporation (U.S.).
Market Development
- In 2022, Westlake launched GreenVin Polyvinyl Chloride (PVC), a lower-carbon alternative PVC. It is launched by one of its subsidiaries, Vinnolit subsidiary in Germany. It is typically used in automotive, construction, and medical sectors. This will assist the company to increase its product portfolio.
Regional Analysis
Geographically, the countries covered in the plasticized polyvinyl chloride (PVC) compound market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in plasticized polyvinyl chloride (PVC) compound market during the forecast period 2022 to 2029
Asia-Pacific dominates the plasticized polyvinyl chloride (PVC) compound market due to the recycling abilities of plasticized PVC medical devices and increasing building and construction activities in developing countries. Different manufacturers are developing new plasticized polyvinyl chloride (PVC) compounds products in the region, boosting the region's demand for plasticized polyvinyl chloride (PVC) compounds.
North America is estimated to be the fastest-growing region in plasticized polyvinyl chloride (PVC) compound market the forecast period 2022 to 2029
North America is expected to grow from 2022 to 2029 because of the major players' increased focus on this region. Additionally, the incidence of advanced infrastructure in the region will further create many growth opportunities in the region.
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