Poly-Vinyl Chloride Global Market Report 2020
February 2020
200
About the Report
About the Report
The Poly-Vinyl Chloride (PVC) market consists of sales of PVC material and related services used in the building and construction, health care, electronics, automobile and other sectors, in products ranging from piping and siding, blood bags and tubing, to wire and cable insulation, windshield system components. Polyvinyl chloride is a white synthetic organic compound available in powder form or granules with high density and high impact strength. It is produced in two forms, first as a rigid and second as a flexible plastic. PVC is commonly used in construction as insulation on electrical wires. It is also blow-molded into clear, transparent bottles.
The global poly-vinyl chloride market was worth USD 105.32 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8% and reach USD 147.80 billion by 2023.
The poly-vinyl chloride market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. In 2019, Asia Pacific was the largest region in the poly-vinyl chloride market and accounts for around 52% of the market.
The poly-vinyl chloride market covered in this report is segmented by product type into rigid PVC, flexible pvc, low-smoke PVC, chlorinated PVC. It is also segmented by end use industry into building & construction, automotive, electrical & electronics, packaging, footwear, healthcare, others and by application into pipes & fittings, film & sheets, wire & cables, bottles, profiles, hoses & tubing, others.
Increased demand from industries such as construction, health care, packaging contributed to the growth of the PVC market. The growing need for PVC is expected to drive the market. PVC being light weighted and strong is heavily used in construction industry in the form of pipes,windows,flooring and roofing. In March 2019, it was reported that spending on federal government construction projects, in the US, increased by 4.2% to the highest level since October 2017, which is expected to positively impact the PVC market. The growth of end-user industries, including construction, health care, packaging, boosts the demand for PVC increasing the growth of the PVC market.
Environmental impacts of using PVC challenges the growth of the PVC market. Emission of toxic fumes emitted during the manufacturing, use, and disposal of PVC raises environmental concerns. The manufacturing of PVC consumes high amount of chlorine gas due to which large amount of hazardous gases as by products are emitted during the whole PVC lifecycle. PVC resists natural degradation. It stays in the environment for long contributing towards global pollution. Owing to the harmful effects of PVC on the environment, PVC packaging has been banned or restricted in a number of countries around the world, such as Canada, Spain, South Korea and the Czech Republic. Some U.S. cities such as Rahway, NJ and Glen Cove, NY have prohibited the use of PVC in food packaging or utensils. The ill-effects of PVC restraints the growth of the Poly-Vinyl Chloride market.
The poly-vinyl chloride manufacturing companies are increasingly implementing the new "molecular orientation" technology to improve the physical and mechanical properties of the PVC produced. Molecular orientation is a manufacturing method that increases flexibility and resistivity of PVC from fatigue and impact. Molecular technology aligns the randomly arranged molecules in a normal PVC under certain conditions of pressure, temperature and speed, in the same direction. The new alignment improves the strength, ductility of the PVC pipes creating new PVC-O pipes. For instance, Molecor, uses molecular orientation to produce TOM PVC-O pipes. These pipes are resistant to low temperatures with high resistance to cracks or impacts.
In 2019, SK Capitals acquired the Performance Products & Solutions business (PP&S) from US compounder PolyOne Corporation for USD 775 million.The acquisition is expected to help SK capitals to strengthen the business growth by expanding its product portfolio. The Performance Products & Solutions business (PP&S), a business division of PolyOne Corporation, which is headquartered in the US, is a plastic compounded solutions provider of formulated polyvinyl chloride (PVC) and propylene-based products.
Major players in the market are Westlake Chemical Corporation, Shin-Etsu Chemical Co, INEOS Group Ltd, LG Chem, Formosa Plastics Corporation, Occidental Chemical Corporation, China National Chemical Corporation (ChemChina), Mexichem SAB de CV, Axiall Corporation, Shin-Etsu Chemical Co., BASF SE.
Products
Products
1) By Product Type: Rigid PVC; Flexible PVC; Low-smoke PVC; Chlorinated PVC; 2) By End Use Industry: Building & Construction; Automotive; Electrical & Electronics; Packaging; Footwear; Healthcare; Others; 3) By Application: Pipes & Fittings; Film & Sheets; Wire & Cables; Bottles; Profiles, Hoses & Tubing; Others
Companies
Westlake Chemical Corporation
Shin-Etsu Chemical Co
INEOS Group Ltd, LG Chem
Formosa Plastics Corporation
Occidental Chemical Corporation
China National Chemical Corporation (ChemChina)
Mexichem SAB de CV
Axiall Corporation
Shin-Etsu Chemical Co.
BASF SE
Mitsubishi Chemical Corporation
China National Chemical Corporation (ChemChina)
Table of Contents
Table of Contents
1. Executive Summary
2. Poly-Vinyl Chloride Market Characteristics
3. Poly-Vinyl Chloride Market Size And Growth
3.1. Global Poly-Vinyl Chloride Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Poly-Vinyl Chloride Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Poly-Vinyl Chloride Market Segmentation
4.1. Global Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Rigid PVC
Flexible PVC
Low-smoke PVC
Chlorinated PVC
4.2. Global Poly-Vinyl Chloride Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Building & Construction
Automotive
Electrical & Electronics
Packaging
Footwear
Healthcare
Others
4.3. Global Poly-Vinyl Chloride Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Pipes & Fittings
Film & Sheets
Wire & Cables
Bottles
Profiles, Hoses & Tubing
Others
5. Poly-Vinyl Chloride Market Regional And Country Analysis
5.1. Global Poly-Vinyl Chloride Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Poly-Vinyl Chloride Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Poly-Vinyl Chloride Market
6.1. Asia-Pacific Poly-Vinyl Chloride Market Overview
6.2. Asia-Pacific Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Poly-Vinyl Chloride Market
7.1. China Poly-Vinyl Chloride Market Overview
7.2. China Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Poly-Vinyl Chloride Market
8.1. India Poly-Vinyl Chloride Market Overview
8.2. India Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Poly-Vinyl Chloride Market
9.1. Japan Poly-Vinyl Chloride Market Overview
9.2. Japan Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Poly-Vinyl Chloride Market
10.1. Australia Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Poly-Vinyl Chloride Market
11.1. Indonesia Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Poly-Vinyl Chloride Market
12.1. South Korea Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Poly-Vinyl Chloride Market
13.1. Western Europe Poly-Vinyl Chloride Market Overview
13.2. Western Europe Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Poly-Vinyl Chloride Market
14.1. UK Poly-Vinyl Chloride Market Overview
14.2. UK Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Poly-Vinyl Chloride Market
15.1. Germany Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Poly-Vinyl Chloride Market
16.3. France Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Poly-Vinyl Chloride Market
17.1. Eastern Europe Poly-Vinyl Chloride Market Overview
17.2. Eastern Europe Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Poly-Vinyl Chloride Market
18.1. Russia Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Poly-Vinyl Chloride Market
19.1. North America Poly-Vinyl Chloride Market Overview
19.2. North America Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Poly-Vinyl Chloride Market
20.1. USA Poly-Vinyl Chloride Market Overview
20.2. USA Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Poly-Vinyl Chloride Market
21.1. South America Poly-Vinyl Chloride Market Overview
21.2. South America Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Poly-Vinyl Chloride Market
22.1. Brazil Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Poly-Vinyl Chloride Market
23.1. Middle East Poly-Vinyl Chloride Market Overview
23.2. Middle East Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Poly-Vinyl Chloride Market
24.1. Africa Poly-Vinyl Chloride Market Overview
24.2. Africa Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Poly-Vinyl Chloride Market Competitive Landscape And Company Profiles
25.1. Poly-Vinyl Chloride Market Competitive Landscape
25.2. Poly-Vinyl Chloride Market Company Profiles
25.2.1. Westlake Chemical Corporation
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Shin-Etsu Chemical Co
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. INEOS Group Ltd, LG Chem
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Formosa Plastics Corporation
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Occidental Chemical Corporation
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Poly-Vinyl Chloride Market
27. Poly-Vinyl Chloride Market Trends And Strategies
28. Poly-Vinyl Chloride Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Poly-Vinyl Chloride Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Poly-Vinyl Chloride Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Poly-Vinyl Chloride Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Global Poly-Vinyl Chloride Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: Asia-Pacific, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: China, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: India, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Japan, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Australia, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: Indonesia, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: South Korea, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: Western Europe, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: UK, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: Germany, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: France, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Eastern Europe, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: Russia, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: North America, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: USA, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: South America, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Brazil, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Middle East, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Africa, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 27: Westlake Chemical Corporation Financial Performance
Figure 28: Shin-Etsu Chemical Co Financial Performance
Figure 29: INEOS Group Ltd, LG Chem Financial Performance
Figure 30: Formosa Plastics Corporation Financial Performance
Figure 31: Occidental Chemical Corporation Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Poly-Vinyl Chloride Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Poly-Vinyl Chloride Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Poly-Vinyl Chloride Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Global Poly-Vinyl Chloride Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: Asia-Pacific, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: China, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: India, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Japan, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Australia, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: Indonesia, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: South Korea, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: Western Europe, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: UK, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: Germany, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: France, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Eastern Europe, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: Russia, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: North America, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: USA, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: South America, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Brazil, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Middle East, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Africa, Poly-Vinyl Chloride Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 27: Westlake Chemical Corporation Financial Performance
Table 28: Shin-Etsu Chemical Co Financial Performance
Table 29: INEOS Group Ltd, LG Chem Financial Performance
Table 30: Formosa Plastics Corporation Financial Performance
Table 31: Occidental Chemical Corporation Financial Performance
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