Global Polyvinyl Chloride Market is valued approximately USD 67.0 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.50% over the forecast period 2019-2026. Polyvinyl Chloride is commonly called PVC and is a type polymer that is broadly manufactured after polypropylene and polyethylene. It is known to one of the most widely manufactured polymer. 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. The purest form of polyvinyl chloride is brittle solid, white, and marginally resolvable in tetrahydrofuran while insoluble in alcohol. It can be produced to be soft and flexible by adding phthalates and plasticizers. In the soft and flexible form, polyvinyl chloride is employed in, plumbing and expandable products, electrical cable insulation and some other uses which can substitute rubber.
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Major market player included in this report are:
China National Chemical Corporation
Formosa Plastics Corporation
Occidental Petroleum Corporation
Saudi Plastics Products Company Ltd.
High utility of plastics to lower vehicle weight & enhance fuel economy is one of the major factors responsible for high CAGR of the market. Booming construction sector is the major factor that offers growth opportunities. Also, surging application in the Healthcare sector is contributing towards growth of global Polyvinyl Chloride market. Further, Polyvinyl Chlorides offers several benefits such as cost-effective solution, safe material and highly durable that regulates their demand across various regions. However, hazardous impact on humans & environment are the factors anticipated to hamper the market growth during the forecast period.
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The regional analysis of global Polyvinyl Chloride market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising demand of Polyvinyl Chlorides among its end-users in the region. Europe contributes a satisfactory growth in the global Polyvinyl Chloride market during the forecast period. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to rising building and construction industrial sector across the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Electrical & Electronics
Low Smoke PVC
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Polyvinyl Chloride Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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