Global Polyvinyl Chloride (PVC) Compound Market, By Product Type (Rigid Product, Flexible Product), Type (Non-Plasticized PVC, Plasticized PVC), Compound (Dry PVC Compound, Wet PVC Compound), Manufacturing Process (Injection Molding, Extrusion, Others), Raw Material (PVC Resin, Plasticizers, Stabilizers, Lubricants, Fillers, Functional Additives, Alloying Polymers), Application (Pipes and Fittings, Film and Sheets, Wire and Cables, Bottles, Profiles, Hoses, Tubing, Others), End User (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The polyvinyl chloride (PVC) compound market is undergoing increased innovation as well a sthe expansion strategies. For instance, Shintech Inc., is building a new PVC facility in Plaquemine, Louisiana (US). This initiative, which began in 2018, will greatly increase the company's production capacity. The focus of innovation will be on developing long-term alternatives to PVC. Consequently, the market is projected to show favorable growth over the forecast period due to these determinants.
Global Polyvinyl Chloride (PVC) Compound Market was valued at USD 11.96 billion in 2021 and is expected to reach USD 17.35 billion by 2029, registering a CAGR of 4.75% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Rigid Product, Flexible Product), Type (Non-Plasticized PVC, Plasticized PVC), Compound (Dry PVC Compound, Wet PVC Compound), Manufacturing Process (Injection Molding, Extrusion, Others), Raw Material (PVC Resin, Plasticizers, Stabilizers, Lubricants, Fillers, Functional Additives, Alloying Polymers), Application (Pipes and Fittings, Film and Sheets, Wire and Cables, Bottles, Profiles, Hoses, Tubing, Others), End User (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, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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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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Market Opportunities
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Market Definition
Polyvinyl chloride (PVC) is an amorphous chemical containing polar chlorine atoms. PVC has a persistent fire decelerating property due to the chlorine presence in it. When we look at the structure of PVC, we can see that every carbon chain in it has a chlorine atom bonded to it, making the compound very resistant to oxidation reactions and allowing it to keep its performance over time, improving its durability.
Polyvinyl Chloride (PVC) Compound Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand Across End Users
The growing utilization of the polyvinyl chloride (PVC) compounds across the various end user industries is estimated to carve a way for the growth of the market. The rise in the demand for food packaging in developing nations is likely to drive the growth of the polyvinyl chloride (PVC) compound market during the forecast period. In addition, the increased use of polyvinyl chloride (PVC) compound in residential and commercial structures is expected to boost the market's growth.
The upsurge in the business expansion will further propel the growth rate of polyvinyl chloride (PVC) compound market. Additionally, the rise in the disposable income in the advancing countries will also drive market value growth. The expansion of the end use is also projected to bolster the growth of the market. Furthermore, as PVC blood bags are known for their extended shelf life and durability, the rising number of emergency department visits and the resulting increase in blood donation requirement are expected to affect material adoption.
Opportunities
- Growth as Favourable Packaging Material and Untapped Potential
Furthermore, the emergence of PVC as a favorable packaging material owing to its high durability and barrier protection, the consumption of packaged products extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the untapped potential in developing markets will further expand the future growth of the polyvinyl chloride (PVC) compound market.
Restraints/Challenges
- Prohibition and Competition
The market's growth is hampered by issues such as the prohibition of PVC in the construction of green buildings and fierce competition from steel and concrete pipes.
- Supply Chain Disruptions
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply. This factor will challenge the polyvinyl chloride (PVC) compound market growth rate.
This polyvinyl chloride (PVC) compound market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyvinyl chloride (PVC) compound market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Polyvinyl Chloride (PVC) Compound Market
The recent outbreak of coronavirus had a negative impact on the polyvinyl chloride (PVC) compound market. The government of several countries placed restrictions as a result of the pandemic scenario. It is a well-known fact that the demand for polyvinyl chloride is directly proportional to the increase in GDP (PVC). Many industries that use PVC on a big basis, including as construction, electrical, electronics, and automotive, are adversely impacted by the epidemic. Furthermore, the rollout of 5G, which was disrupted by the pandemic, was expected to be a major driver driving the growth of the entire electronics business, which in turn drives the expansion of the Polyvinyl chloride (PVC) industry.
Global Polyvinyl Chloride (PVC) Compound Market Scope
The polyvinyl chloride (PVC) compound market is segmented on the basis of product type, type, compound, manufacturing process, raw material, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Rigid Product
- Flexible Product
Type
- Non-Plasticized PVC
- Plasticized PVC
Compound
- Dry PVC Compound
- Wet PVC Compound
Manufacturing Process
- Molding
- Extrusion
- Others
Raw Material
- PVC Resin
- Plasticizers
- Stabilizers
- Lubricants
- Fillers
- Functional Additives
- Alloying Polymers
Application
- Pipes and Fittings
- Film and Sheets
- Wire and Cables
- Bottles
- Profiles
- Hoses
- Tubing
- Others
End User
- Medical
- Building and Construction
- Packaging
- Automotive
- Consumer Goods
- Electrical and Electronics
- Others
Polyvinyl Chloride (PVC) Compound Market Regional Analysis/Insights
The polyvinyl chloride (PVC) compound market is analyzed and market size insights and trends are provided by country, product type, type, compound, manufacturing process, raw material, application and end user as referenced above.
The countries covered in the 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rise in the economic growth. Furthermore, the arrival of the plastic manufacturers within the region.
On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the strict environmental regulations with regards to the production and consumption of the materials in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyvinyl Chloride (PVC) Compound Market Share Analysis
The polyvinyl chloride (PVC) compound market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyvinyl chloride (PVC) compound market.
Some of the major players operating in the 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)
- Avery Dennison Corporation (U.S.)
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