Global Polyvinyl Chloride Market

  • 4100.00 Dollar US$
  • Published date: May 5, 2021
    • Pune, Pune, Maharashtra, India
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Global Polyvinyl Chloride Market was valued at US$ 56.4 Bn in 2019 and expected to reach US$ 91.12 Bn by 2026, at a CAGR of 6.2% during the forecast period. The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Polyvinyl chloride (PVC) is one of the world’s largest produced synthetic plastic polymers. Polyvinyl chloride is preferred in the place of conventional materials such as copper, iron, or wood in several applications owing to its operational productivities and profits. Pure polyvinyl chloride is a brittle solid white in color and slightly soluble in tetrahydrofuran whereas insoluble in alcohol. Polyvinyl chloride comes into two basic product types rigid and flexible. It can be made flexible and soft by adding plasticizers and phthalates. In flexible form, polyvinyl chloride is used in electrical cable insulation, plumbing, and inflatable products and some applications which can replace rubber. The rigid form of polyvinyl chloride is used in construction for pipe and in profile applications such as doors and windows. It is also used in making bottles, non-food packaging, and cards. The construction is the largest application segment for polyvinyl chloride. It is widely used in construction applications such as pipes, cables, floor & wall coverings, landfill liners, and fencing. Construction activities are likely to grow mainly in emerging countries of Asia Pacific, Latin America, and the Middle East on account of increasing demand for better infrastructure facilities due to, increasing urbanization and rapid industrialization. Superior insulation properties have led vinyl chloride polymers to be used widely in electrical wires and cables. Furthermore, it is used in consumer products such as toys, ceiling tiles, and interior cladding. Growing demand in consumer and electrical & electronics applications will drive growth over the next eight years.

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