Global Polyvinyl Chloride (PVC) Market Outlook to 2026

Polyvinyl Chloride (PVC) is one of the most used thermoplastic polymers across the globe. Some of the major characteristics of PVC include relatively low price, high tensile strength, and high hardness among others. The market for PVC is expected to be driven by the increasing demand from construction, electrical & electronics industry. The market is also expected to be driven by the ongoing developments in the recycling technology of PVC. The industry is working with regulatory bodies to ensure that recycling activities remain sustainable. The development of Bio-based PVC from the bio-based feedstock is expected to act as an opportunity in the coming years.

The consumption of PVC was found to be highest in the Asia-Pacific region supported by the planned construction projects by countries including China, India, and ASEAN countries. The market for PVC in the region also to be propelled by the increasing electronics production activities.

In May 2020, Shintech, a subsidiary of Shin-Etsu Chemical Co., has planned to end maintenance works at its 1.4 million metric ton/year PVC complex in Freeport, Texas to meet domestic demand.

In March 2020, Formosa Plastics USA has restarted its 798-kilo ton/year PVC plant in Texas. The company has also postponed a 513-kilo ton/year PVC facility in Baton Rogue.

GlobalPolyvinyl Chloride Marketreport provides deep insight into the current and future state of the Polyvinyl Chloride market across various regions.The study comprehensively analyzes thePolyvinyl Chloride market by segmenting based on geography, by type (Rigid PVC, Flexible PVC, and Others), By Application (Pipes & Fittings, Profiles, Wires & Cables, Films & Sheets and Others), By End-user (Building & Construction, Packaging, Electrical & Electronics, Automotive, Medical & healthcare, and others). The report examines the market drivers and restraints along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market shares and projects.