Poly-Vinyl Chloride Global Market To Reach Value Of $35 Billion In 2025

1 Oct, 2021

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.

Global Poly-Vinyl Chloride Market Size And Drivers:

The global poly-vinyl chloride market is expected to grow from $24.39 billion in 2020 to $29.56 billion in 2021 at a compound annual growth rate (CAGR) of 21.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The PVC market is expected to reach $35.42 billion in 2025 at a CAGR of 5%. Increased demand from industries such as construction, health care, packaging contributed to the growth of the PVC market.

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Trends In The Global Poly-Vinyl Chloride Market

Poly-vinyl chloride manufacturing companies are increasingly implementing 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.

Global Poly-Vinyl Chloride Market Segments:
The global poly-vinyl chloride market is further segmented –
By Product Type: Rigid PVC, Flexible PVC, Low-Smoke PVC, Chlorinated PVC
By End Use Industry: Building & Construction, Automotive, Electrical & Electronics, Packaging, Footwear, Healthcare, Others
By Application: Pipes & Fittings, Film & Sheets, Wire & Cables, Bottles, Profiles, Hoses & Tubing, Others
By Geography: The global PVC market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Poly-Vinyl Chloride Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides poly-vinyl chloride market overviews, analyzes and forecasts market size and growth for the global poly-vinyl chloride market, poly-vinyl chloride market share, poly-vinyl chloride market players, poly-vinyl chloride market segments and geographies, poly-vinyl chloride market’s leading competitors’ revenues, profiles and market shares. The poly-vinyl chloride market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.