Polyvinyl Chloride Market Overview | Global Demand and Profit | Forecast To 2020
The global Polyvinyl Chloride (PVC) Market is projected to reach USD 79.11 billion by 2020 and is expected to grow with attractive CAGR of 5.0% over the forecast period.
(firmenpresse) - The global Polyvinyl Chloride Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Polyvinyl Chloride (PVC) Market is projected to reach USD 79.11 billion by 2020 and is expected to grow with attractive CAGR of 5.0% over the forecast period. The decreasing dependability of PVC on non-renewable resources such as crude oil and natural gas as compared to other synthetic polymers is expected to drive the market growth.
Key Players:
Solvay SA
Axiall Corporation
Formosa Plastics Group
Ineos Chlorvinyls Ltd
KEM One
Mexichem S.A.B.
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Growth Drivers:
The demand for PVC in medical devices and automobiles owing to its characteristics such as high corrosion resistance, low price, workability, and effectiveness is expected to fuel market growth.
Polyvinyl chloride (PVC) is the third most widely produced synthetic plastic polymer globally after polypropylene and polyethylene. PVC is available in two forms, namely rigid and flexible. The rigid PVC has its application in bottles, doors & windows, non-food packaging, and construction of pipes. The flexible PVC is used in insulation of electrical wires and in the flooring of hospitals, homes, schools and areas where sterility is required.
The attributes of the product such as resistant to alkalies & chemicals, resistivity to deformation, good tensile strength and easy availability contribute to the market growth.
Application Outlook:
Construction
Consumer Goods
Packaging
Electrical & Electronics
Transportation
Regional Insights:
Asia Pacific emerged as the leader by contributing to over 58.1% of the global market volume in 2013. The infrastructural development and growth of the construction market in economies such as India, Indonesia and China owing to competent prices coupled with low labor cost is expected drive PVC market demand in the region.
Europe is expected to account for the second largest market share contributing to over 18.9% of the global PVC market volume in 2013. The rising demand for the product in Turkey and Russia is expected to drive the European market growth.
The demand for PVC in the Middle East & Africa is expected to witness the fastest growth as opposed to its counterparts at a CAGR of over 5.9%. The growth of the key end-use industries including electrical & electronics, automotive, and construction in South Africa and Saudi Arabia is likely to have a positive impact on the regional PVC demand.
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Themen in dieser Pressemitteilung:
chemicals-materials
polyvinyl-chloride-market
polyvinyl-chloride-market-news
global-polyvinyl-chloride-industry-size
polyvinyl-chloride-market-share
polyvinyl-chloride-market-demand
polyvinyl-chloride-market-analysis
polyvinyl-chloride
Unternehmensinformation / Kurzprofil:
Datum: 16.09.2020 - 11:31 Uhr
Sprache: Deutsch
News-ID 619521
Anzahl Zeichen: 3463
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Chemical industry
Typ of Press Release: Financial
type of sending: don't
Date of sending: 16.09.2020
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