Polyvinyl Chloride Resins Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3900
Polyvinyl Chloride Resins Market size is increasing rapidly owing to its growing demand from building & construction industry as well as its use in automotive industry. Moreover, polyvinyl chloride resins are usually used in electrical applications such as power tools, wires & cables, fuse boxes, wall plugs, and other electronic devices, water borne paints to sustain the moisture content when they are stored. Ability of resistance to scratches, tears & kinks of polyvinyl chloride resins makes it favorable for various medical and healthcare applications such as pharmaceutical packs, blood and plasma bags, dialysis equipment, endotracheal feeding tubes, infusion kits, etc. The product possess exceptional resistance towards chemicals, heat & stress cracking and simultaneously offer high durability & strength that makes it suitable for almost all end-use sectors. Furthermore, rising demand from packaging and other consumer goods will upsurge the product demand in the near future.
The demand for polyvinyl chloride resins in recent years has grown due to increase in its usage in building and construction sector for various applications includes pipes & fittings, cable insulation, floor covering, etc. Growing demand of polyvinyl chloride resins from automotive based applications such as instrumental panels, moldings, sun visors, seating materials & covering, and other protective accessories owing to good electrical insulation, shock, lightweight and abrasion resistance properties. These products are also used in furniture and consumer goods such as shoes & soles, rainproof clothing, artificial leather, conveyer belts, etc. Moreover, transforming lifestyle globally will propel the polyvinyl chloride resins market over the forecasted timeframe.
Price volatility of raw materials may hamper the polyvinyl chloride resins market size in future as they heavily rely on chlorine and crude oil products for their production. This will limit the production, profit margin of suppliers & product manufactures.
On the basis of type, PVC resins are categorized in two types i.e., rigid and flexible. Rigid PVC resins are normally used in construction based applications. On the other hand, flexible PVC resins with softer granules are common among medical & healthcare and packaging applications.
By grade, polyvinyl chloride resins market is classified into two types i.e., homopolymer and copolymer. PVC homopolymer resins possess low molecular weight and are used particularly in rigid applications such as blow molding, injection molding and other applications specific to automotive and construction industry.
On the basis of polymerization, polyvinyl chloride resins are categorized into suspension PVC resin, bulk PVC resin and emulsion PVC resin. Suspension PVC based polymerization is extremely cost effective and over 80% of PVC Resins are produced through this method. Bulk polymerized PVC generates purest form of PVC without addition of any additives or emulsifiers. Emulsion PVC process produces finer particles that are generally used in the production of plastisol’s.
By application, polyvinyl chloride resins market size is categorized into building & construction, automotive, electrical & electronics, medical & healthcare, packaging, consumer goods, furniture and others, which includes utensils & storage, agriculture, etc. Rising demand from building & construction in addition to automotive based applications will drive the product demand in the coming years.
Asia Pacific is projected to grow with a significant CAGR owing to rise in building & construction activities in addition to growing automotive sector in developing countries such as China, India, and Indonesia will swell in the polyvinyl chloride resins market in the region. Moreover, low manufacturing and labor cost besides various government favoring policies promoting indigenous manufacturing such as “Make in India” will boost the rising automotive sector in the region. This will indirectly propel the demand of polyvinyl chloride resins in the region during the projected timeframe.
Some of the important players in polyvinyl chloride resins market share are Formosa Plastics, Solvay, INEOS Group, Occidental Petroleum, SCG Chemicals, Shin-Etsu Chemical, LG Chemical, SABIC, Sinopec Group, Mexichem, BorsodChem, DCM Shriram, Finolex Industries Ltd., Hanhwa Chemical Corporation, DuPont, Reliance Industries Ltd., Mitsubishi Chemical Corporation, etc.
Polyvinyl chloride Resins Market, By Type, 2014-2025
- Rigid PVC resin
- Flexible PVC resin
Polyvinyl chloride Resins Market, By Grade, 2014-2025
- PVC homopolymer resin
- PVC copolymer resin
Polyvinyl chloride Resins Industry, By Polymerization, 2014-2025
- Suspension PVC resin
- Bulk PVC resin
- Emulsion PVC resin
Polyvinyl chloride Resins Market, By Application, 2014-2025
- Building & Construction
- Electrical & Electronics
- Medical & Healthcare
- Consumer goods
- Others (Utensils & storage, agriculture)
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Formosa Plastics
- INEOS Group
- Occidental Petroleum
- SCG Chemicals
- Shin-Etsu Chemical
- LG Chemical
- Sinopec Group
- DCM Shriram
- Finolex Industries Ltd.
- Hanhwa Chemical Corporation
- Reliance Industries Ltd.
- Mitsubishi Chemical Corporation
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