At 5.6% CAGR, Global Polyvinyl Chloride (PVC) Market Size & Share to Surpass USD 101.45 Billion By 2028: Industry Trends, Forecast Report by Zion Market Research
NEW YORK, March 29, 2022 /PRNewswire/ -- As per Zion Market Research study, PVC industry gathered revenue worth about US$ 78.90 billion in 2021 and is slated to accumulate returns of approx. US$ 101.45 billion by 2028. In addition to this, Polyvinyl Chloride (PVC) Market is set to register CAGR of nearly 5.6% in 2022-2028. Apparently, surge in PVC market size over forecasting timeline is due to massive use of PVC in packaging activities. In addition to this, use of PVC in carpet backing and biomedical applications will proliferate market size. Reportedly, PVC is third most extensively produced synthetic plastic polymer across globe with nearly 21 million tons of PVC produced annually. Since last five decades, PVC exhibited ability of fulfilling demand for single use pre-sterilized medical component in healthcare sector. Furthermore, use of PVC as substitute product for glass and rubber will drive business space. Massive use of PVC in construction activities will prop up progression of PVC market in upcoming years.
Zion Market Research published the latest report titled as "PVC Market- By Product Type (Rigid PVC and Flexible PVC) and By Application (Pipes & Fittings, Wires & Cables, Films & Sheets, and Bottles): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028." into their research database.
PVC Market: Overview
Poly vinyl chloride is a polymer in which over half content by weight comprises of chlorine. The compound is manufactured by vinyl chloride monomer polymerization. It is available in rigid and flexible forms. Additionally, PVC is extensively utilized plastic resin in medical equipment and nearly one-fourth of all plastic medical components are made up from PVC. The compound exhibits high chemical resistance & stability and it is compatible with blood bag & drug delivery applications. The compound formulations demonstrate toughness and strength. Moreover, the product can be utilized in different kinds of temperatures and also maintains flexibility as well as durability at reduced temperatures.
Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.zionmarketresearch.com/sample/pvc-market
Our Free Sample Report Includes:
- 2022 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 166 + Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Zion Market Research methodology
Industry Dynamics:
PVC Market: Growth Dynamics
Growth of PVC market over forecasting timeline is owing to reduced costs and high performance that it imparts to plastics. In addition to this, large amount of plasticizers are utilized for minimizing rigidity and this can result in massive market demand. Furthermore, PVC flooring is ease to deploy, can be recycled, can be easily cleaned, and has ability to improve visual appeal of room. Moreover, the compound is utilized in roofing across building & construction sector. Additionally, the compound is utilized in various sectors due to requirement of low maintenance and durability.
Apparently, rise in spending capacity and increase in allocation of funds for construction sector will scale up size of PVC market in ensuing years. Large-scale use of poly vinyl chloride in selective packaging for medical equipment and apparatus will embellish market trends. Apart from this, bottle sleeving and electronic & consumer product packaging demand will boost scope of PVC industry in ensuing years.
Directly Purchase a Copy of the Report @ https://www.zionmarketresearch.com/buynow/su/pvc-market
Pipes & Fittings Segment To Lead Application Landscape By 2028
Growth of pipes & fittings segment over forecasting period is owing to large-scale usage of PVC in pipes & fittings in building constructions. In addition to this, thriving commercial & household sectors will boost segmental surge in upcoming years.
Get More Insight before Buying@ : https://www.zionmarketresearch.com/inquiry/pvc-market
List of Key Players of PVC Market:
- Occidental Petroleum Corporation
- Kem One
- Vinnolit GmbH & Co. KG
- Shin-Etsu Chemical Co. Ltd
- Xinjiang Zhongtai Chemical Co. Ltd.
- Mexichem S.A.B. de C.V.
- Formosa Plastics Group
- INEOS Group Ltd
- Solvay S.A.
- AXIALL Corporation.
Key Industry Insights & Finding of the PVC Market Reports:
- As per the analysis shared by our research analyst, the PVC Market is expected to grow annually at a CAGR of around 5.6% (2022-2028).
- Through the primary research, it was established that the PVC Market was valued approximately USD 78.90 billion in 2021 and is projected to reach to roughly USD 101.45 billion by 2028.
- Giant manufacturers in Asia Pacific zone will promote growth of Asia Pacific PVC industry in ensuing years.
Key questions answered in this report:
- What are the growth rate forecast and market size for PVC Market?
- What are the key driving factors propelling the PVC Market forward?
- What are the most important companies in the PVC Market Industry?
- What segments does the PVC Market cover?
- How can I receive a free copy of the PVC Market sample report and company profiles?
Report Scope:
Free Brochure: https://www.zionmarketresearch.com/requestbrochure/pvc-market
Regional Dominance:
Asia Pacific PVC Market To Expand Leaps & Bounds Over 2022-2028
Expansion of regional market in next six years is due to rise in production of compound in countries such as China. A prominent increase in population of sub-continent and surging urbanization will steer growth of regional market over forecasting years. Presence of giant manufacturers in Asia Pacific zone will promote growth of Asia Pacific PVC industry in ensuing years.
Global PVC Market is segmented as follows:
PVC Market: By Product Type Outlook (2022-2028)
- Rigid PVC
- Flexible PVC
PVC Market: By Application Outlook (2022-2028)
- Pipes & Fittings
- Wires & Cables
- Films & Sheets
- Bottles
PVC Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Press Release For PVC Market: https://www.zionmarketresearch.com/news/pvc-market-growth-to-reach-escalating-heights-through
Browse Other Related Research Reports from Zion Market Research
- Picric Acid Market - Global Industry Analysis: The global picric acid market was worth around $3300 billion in 2021 and is predicted to grow around $7200 billion by 2028 at a CAGR rate of 8% over the forecast period.
- Hydrophilic Coating Market - Global Industry Analysis: The global Hydrophilic Coating Market accrued earnings worth approximately 12.85 (USD Billion) in 2021 and is predicted to gain revenue of about 18.59 (USD Billion) by 2028, is set to record a CAGR of nearly 5.8% over the period from 2022 to 2028.
- Graphite Market - Global Industry Analysis: The global graphite market was valued at $176 million in 2021 and is anticipated to surpass $198 million by the end of 2028. The market is projected to grow with a considerable CAGR of 2.3 % during the forecast period.
Browse through Zion Market Research's coverage of the Global Chemical & Materials Industry
Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/
Follow Us on Twitter: https://twitter.com/zion_research
Follow Us on Facebook: https://www.facebook.com/zionmarketresearch/
About Us
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Email: [email protected]
Website: https://www.zionmarketresearch.com/
Blog - https://zmrblog.com/
SOURCE Zion Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article