Back to Newsroom
Back to Newsroom

Polyvinyl Chloride Market Size to Reach US$ 100.9 Bn by End of 2031, According to a TMR Study

Friday, 03 February 2023 05:33 AM

WILMINGTON, DE / ACCESSWIRE / February 3, 2023 / Transparency Market Research Inc. - As per polyvinyl chloride market report by TMR, the global market was valued at US$ 68.3 Bn in 2021 and is projected to grow at a CAGR of 3.8% between 2022 and 2031.

Transparency Market Research inc., Friday, February 3, 2023, Press release picture

PVC is a widely used thermoplastic polymer, which has applications across end-use sectors, including construction, healthcare, electrical & electronics, and packaging. It is a versatile and cost-effective material that offers numerous advantages such as high strength, durability, low thermal expansion, and low electrical conductivity. These properties are ideal for cabling applications and assist in reducing energy bills. These aspects have contributed to the expansion of the global market.

Request a Sample Report (choose the corporate mail ID to receive top attention) -

Polyvinyl Chloride Market: Growth Drivers

  • PVC is widely used in the construction industry due to its versatility and cost-effectiveness. Furthermore, increase in applications in construction and infrastructure development activities as a result of rapid industrialization is fueling PVC market demand.
  • PVC is used in the healthcare sector for the production of medical devices. Increase in demand for medical devices across the globe, especially during the pandemic, is driving the PVC industry growth.

Key Findings of Polyvinyl Chloride Market

  • PVC is used in the electrical & electronics industry for the production of cables, pipes, and other components. Increase in demand for electrical and electronic products is propelling the PVC business growth
  • PVC is widely used as a packaging material due to its strength, durability, and low cost. Surge in popularity of PVC as a packaging material is creating significant business opportunities for players in the polyvinyl chloride market.
  • Spike in demand for rigid PVC across the end-use and manufacturing industries due to properties, such as low cost and high strength, bolsters market progress

Buy this Premium Research Report -<ype=S

Geographical Landscape of the Polyvinyl Chloride Market

  • Asia Pacific is the largest market for PVC, driven by growth of the construction sector owing to presence of large population in countries such as China and India. Large volume production of PVC in China, which accounts for more than half of world's PVC production, fuels market growth in the region.
  • North America is a key market for polyvinyl chloride. Growth of the market in the region is ascribed to the presence of a large construction industry and significant demand for electrical, electronic, and healthcare products.
  • Europe is another key market for PVC. Presence of large construction industry and growing demand for medical devices are likely to augment the market in the region.

Competitive Landscape of Polyvinyl Chloride Market

The polyvinyl chloride market is highly competitive, with several large and small players operating in the market. These companies are competing with each other based on factors, such as product quality, price, innovation, and market presence. Key players are focusing on strategic collaborations & partnerships and investment in research & development to strengthen their position in the market.

Request for Customization -

Leading PVC market players are:

  • Shin-Etsu Chemical Co. Ltd
  • Finolex Industries Ltd.
  • Formosa Plastics Corporation
  • China National Chemical Corporation
  • Teknor Apex
  • Avient Corporation
  • INOVYN (INEOS Group)
  • Reliance Industries Limited
  • Orbia

Polyvinyl Chloride Market: Segmentation

By Type

  • Rigid
  • Flexible

By Application

  • Pipes & Fittings
  • Film & Sheets
  • Cables
  • Pastes
  • Profiles
  • Other (flooring, bottles, etc.)

By End-use Industry

  • Construction
  • Transportation
  • Electrical Cables
  • Packaging
  • Others (footwear, healthcare, consumer goods, and artificial leather)

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Browse More Chemicals And Materials Reports by TMR:

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel -

Contact Us:

Nikhil Sawlani
Transparency Market Research Inc.
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

SOURCE: Transparency Market Research Inc.

Company Update
Back to newsroom
Back to Newsroom
Share by: