PVC Market Size 2023-2028

The Report covers Growth of PVC Industry and PVC Production by Country. The market is segmented by product type (rigid PVC (clear rigid PVC and non-clear rigid PVC), flexible PVC (clear flexible PVC and non-clear flexible PVC), low-smoke PVC, and chlorinated PVC), stabilizer type (calcium-based stabilizers, lead-based stabilizers, tin, and organotin-based stabilizers, and barium-based and other stabilizers), application (pipes and fittings, films and sheets, wires and cables, bottles, profiles, hoses, and tubings, and other applications), end-user industry (building and construction, automotive, electrical and electronics, packaging, footwear, healthcare, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Polyvinyl Chloride in terms of volume (kiloton) for all the above segments.

Polyvinyl Chloride (PVC) Market Trends

This section covers the major market trends shaping the Polyvinyl Chloride (PVC) Market according to our research experts:

Increasing Demand from the Building and Construction Industry

  • PVC is strong, lightweight, durable against weather, rotting, chemical corrosion, and abrasion, versatile, and easy to use, as it can be cut, shaped, welded, and joined in any style. These characteristics make it ideal for many applications, such as pipes, windows, flooring, and roofing
  • PVC flooring includes certain benefits, such as durability, freedom of aesthetic effects, ease of installation, cleaning, and recyclability. Thus, PVC flooring is used over the years. PVC is also used in roofing in the building and construction industry. It is used for its low-maintenance requirements and long-lasting nature (over 30 years).
  • The increasing infrastructure construction activities are the primary driver in Asia-Pacific, the Middle East, and North America.
  • China is the largest construction market globally, encompassing 20% of all construction investments. According to the National Bureau of Statistics of China, in 2021, the construction industry in China generated an added value of approximately USD 1.12 trillion.
  • The United States is one of the world’s largest construction industries. ​In 2021, according to the US Census Bureau, the total value of residential housing was USD 217,30 million, up by 21.8%, compared to USD 178,362 million in 2020. This trend is expected to continue during the forecast period.​

 

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