North America Polyvinyl Chloride (PVC) Compound Market, By Product (Rigid Product, Flexible Product), Type (Non-Plasticized PVC, Plasticized PVC), Compound (Dry PVC Compound, Wet PVC Compound), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Pipe and Fitting, Profiles and Tubes, Wire and Cable, Film and Sheet, Others), Raw Material (PVC Resin, Plasticizers, Stabilizers, Lubricants, Fillers, Functional Additives, Alloying Polymers), End User (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2030.
North America Polyvinyl Chloride (PVC) Compound Market Analysis and Size
The chemical sector has experienced substantial growth in recent years. Increasing consumer consciousness about appealing interiors and the rising residential construction projects in emerging nations have made significant contributions to the North America polyvinyl chloride (PVC) compound market. These elements are expected to continue fostering market expansion in the foreseeable future.
Data Bridge Market Research analyses that the North America polyvinyl chloride (PVC) compound market which was USD 4,765.60 million in 2022, is expected to reach USD 6,324.05 million by 2030, and is expected to undergo a CAGR of 3.60% during the forecast period of 2023 to 2030. “Flexible Product” dominates the type segment of the North America polyvinyl chloride (PVC) compound market due to its versatile applications. 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.
North America Polyvinyl Chloride (PVC) Compound Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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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 Thousand, Pricing in USD and Volumes in Units
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Segments Covered
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Product (Rigid Product, Flexible Product), Type (Non-Plasticized PVC, Plasticized PVC), Compound (Dry PVC Compound, Wet PVC Compound), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Pipe and Fitting, Profiles and Tubes, Wire and Cable, Film and Sheet, Others), Raw Material (PVC Resin, Plasticizers, Stabilizers, Lubricants, Fillers, Functional Additives, Alloying Polymers), 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 and Mexico
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Market Players Covered
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The Lubrizol Corporation (U.S.), Clariant (Switzerland), Avient Corporation (U.S.), LG Chem (South Korea), BASF SE (Germany), 3M (U.S.), Dow (U.S.), DuPont (U.S.), LSB INDUSTRIES (U.S.), Sika AG (Switzerland), Innospec (U.S.), ADEKA CORPORATION (Japan), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), PMC Specialties Group (U.S.), Chemplast Sanmar Limited (India), Westlake Chemical Corporation (U.S.), Mitsubishi Chemical Corporation (Japan), SABIC (Saudi Arabia), Afton Chemical (U.S.), LANXESS (Germany), Mayzo, Inc. (U.S.), Solvay (Belgium), Akzo Nobel N.V. (Netherlands), Arkema (France) and Eastman Chemical Company (U.S.)
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Market Opportunities
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Market Definition
Polyvinyl chloride (PVC) is a frequently utilized thermoplastic material that comes in various compounded variations to suit diverse hardness and flexibility requirements. PVC boasts robust physical strength and outstanding resistance to water and chemicals. PVC compounding involves blending resin and additives into a uniform state for processing.
North America Polyvinyl Chloride (PVC) Compound Market Dynamics
Drivers
- Increasing Construction Activities
The North America PVC compound market is driven by the robust growth in construction activities. PVC compounds are widely used in the construction sector for applications such as pipes, fittings, and profiles due to their durability and cost-effectiveness. The expanding residential and commercial construction projects across the region are boosting the demand for PVC compounds.
- Consumer Goods Manufacturing
The manufacturing of consumer goods plays a pivotal role in propelling the PVC compound market. These compounds find extensive use in producing consumer goods like automotive interiors, electrical appliances, and various household items. The versatility and physical properties of PVC make it a preferred choice for manufacturers, driving market growth.
Opportunities
- Replacement of Traditional Materials
PVC compounds are poised to replace traditional materials such as wood, metal, and concrete in various applications. Their cost-effectiveness, versatility, and resistance to water and chemicals make them an attractive alternative. As industries seek sustainable and durable solutions, PVC compounds offer ample opportunities for material substitution.
- Innovation in PVC Formulations
Ongoing research and development efforts in PVC compound formulations open doors to innovative solutions. Tailoring PVC compounds to meet specific application requirements, enhance properties like flame resistance or weatherability, and reduce environmental impact present opportunities for market expansion. Innovations in formulation contribute to product differentiation and competitiveness.
Restraints/Challenges
- Environmental Concerns
Despite its wide range of applications, PVC faces environmental concerns and regulatory scrutiny. Issues related to PVC's impact on human health and the environment, including disposal challenges, pose a significant restraint to the market's growth. Adhering to stringent environmental regulations is crucial for sustainable market development.
- Competitive Market
The North America polyvinyl chloride (PVC) compound market is highly competitive, characterized by the presence of established industry players. New entrants face the challenge of competing with well-established manufacturers and distributors. Overcoming this competition requires innovative approaches, quality differentiation, and a deep understanding of evolving market dynamics.
This North America 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 North America 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In December 2022, Wavin, a division under Orbia's Building and Infrastructure sector, unveiled an innovative range of eco-friendly drinking water solutions. These offerings aim to offer water utilities and infrastructure contractors state-of-the-art sustainable options. Wavin's latest product line is crafted using biobased PVC, replacing conventional ethylene with an alternative bio-ethylene sourced from biomass waste streams and incorporating vegetable oil into the production process
- In January 2022, Westlake introduced GreenVin Polyvinyl Chloride (PVC), offering a more environmentally friendly alternative. This innovation was launched through its subsidiary, Vinnolit, based in Germany. GreenVin PVC finds extensive application in sectors such as construction, automotive, and healthcare. This strategic move enhances Westlake's product range and aligns with their commitment to sustainability in the PVC industry
North America Polyvinyl Chloride (PVC) Compound Market Scope
The North America polyvinyl chloride (PVC) compound market is segmented on the basis of product, type, compound, manufacturing process, application, raw material 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
- Rigid Product
- Flexible Product
Type
- Non-Plasticized PVC
- Plasticized PVC
Compound
- Dry PVC Compound
- Wet PVC Compound
Manufacturing Process
- Injection Molding
- Extrusion
- Others
Application
- Pipe and Fitting
- Profiles and Tubes
- Wire and Cable
- Film and Sheet
- Others
Raw Material
- PVC Resin
- Plasticizers
- Stabilizers
- Lubricants
- Fillers
- Functional Additives
- Alloying Polymers
End User
- Medical
- Building and Construction
- Packaging, Automotive
- Consumer Goods
- Electrical and Electronics
- Others
North America Polyvinyl Chloride (PVC) Compound Market Regional Analysis/Insights
The North America polyvinyl chloride (PVC) compound market is analysed and market size insights and trends are provided by country, product, type, compound, manufacturing process, application, raw material and end user referenced above.
The countries covered in the North America polyvinyl chloride (PVC) compound market report are U.S., Canada and Mexico
Asia Pacific dominates the North America polyvinyl chloride (PVC) compound market due to its robust packaging industries, growing consumer demands, industrialization, and strong manufacturing capabilities, with China and India playing pivotal roles in production and consumption.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 North America 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 North America Polyvinyl Chloride (PVC) Compound Market Share Analysis
The North America 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 North America polyvinyl chloride (PVC) compound market.
Some of the major players operating in the North America polyvinyl chloride (PVC) compound market are:
- The Lubrizol Corporation (U.S.)
- Clariant (Switzerland)
- Avient Corporation (U.S.)
- LG Chem (South Korea)
- BASF SE (Germany)
- 3M (U.S.)
- Dow (U.S.)
- DuPont (U.S.)
- LSB INDUSTRIES (U.S.)
- Sika AG (Switzerland)
- Innospec (U.S.)
- ADEKA CORPORATION (Japan)
- Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)
- PMC Specialties Group (U.S.)
- Chemplast Sanmar Limited (India)
- Westlake Chemical Corporation (U.S.)
- Mitsubishi Chemical Corporation (Japan)
- SABIC (Saudi Arabia)
- Afton Chemical (U.S.)
- LANXESS (Germany)
- Mayzo, Inc. (U.S.)
- Solvay (Belgium)
- Akzo Nobel N.V. (Netherlands)
- Arkema (France)
- Eastman Chemical Company (U.S.)
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