The Global Polyvinyl Chloride (PVC) Market is
expected to reach USD 79.11 billion by 2020, according to a new study by Grand
View Research, Inc. Increasing construction and infrastructure spending in
emerging markets of Asia Pacific and Latin America is expected to remain a key
driving factor for global PVC demand. In addition, growth of global automotive
industry is also expected to have a positive influence on the market. Volatile
raw material prices coupled with the stringent regulatory scenario,
particularly in North America and Europe to limit or minimize PVC use for
medical applications are expected to remain key challenges for market
participants. In order to overcome such challenges, the industry has shifted
its focus towards developing bio-based alternatives to PVC which is expected to
provide future opportunities for market participants.
Construction emerged as the leading application
segment and accounted for 55.7% of the total market volume in 2013. Increasing
construction spending in BRICS nations on account of organization of global
events such as FIFA World Cup and Summer Olympics in these nations is expected
to drive the demand for PVC in construction industry. Electrical &
electronics is expected to be the fastest growing application segment at an
estimated CAGR of 5.4% from 2014 to 2020. Growth of Chinese and Taiwanese
electronics industry is expected to spur growth for PVC in electrical &
electronics industry.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/polyvinyl-chloride-pvc-market
Global PVC market volume share by application, 2013
Further
key findings from the study suggest:
- Global PVC demand was 38.50 million tons in 2013 and is expected to reach 53.81 million tons by 2020, growing at a CAGR of 5.0% from 2014 to 2020.
- Asia Pacific emerged as the leading regional market for PVC and accounted for 58.1% of total market volume in 2013. Growth of construction industry, particularly in China, India and Indonesia is expected to drive PVC demand in the region.
- Middle East & Africa is expected to be the fastest growing region for polyvinyl chloride market at an estimated CAGR of 5.9% from 2014 to 2020. Growth of major end-use industries such as construction, automotive and electrical & electronics in Saudi Arabia and South Africa is expected to drive the demand for PVC in this region.
- Some of the major companies in operating in the global PVC market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Axiall Corporation, Mexichem S.A.B., BASF, Georgia Gulf Corp., Arkema S.A., and Westlake Chemica Corp, Sinopec Group, Solvay S.A., KEM One and Xinjiang Zhongtai Chemical Co. Ltd.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
For
the purpose of this study, Grand View Research has segmented the polyvinyl
chloride (PVC) market on the basis of application and region:
Global Polyvinyl
Chloride Application Outlook (Volume, Million Tons; Revenue, USD Million, 2012
- 2020)
• Construction
• Consumer Goods
• Packaging
• Electrical & Electronics
• Transportation
• Others
Global Polyvinyl
Chloride Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2012 -
2020)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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