Healthy Pace of Growth in End-Use Sectors to Drive the Global Polyvinyl Chloride (PVC) Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) September 19, 2014 -- Follow us on LinkedIn – Global market for Polyvinyl Chloride (PVC) is poised to grow at a steady pace driven by improving global economic climate and increased demand for strong, durable and lightweight materials in industries such as electrical, construction, packaging, and automotive. The construction industry will continue to be the largest end-use market for PVC, backed by large scale urbanization and increased government focus on developing public infrastructure such as transportation, communication, power, water, and sewage, in emerging countries such as China and India. Urbanization and consumerism are mega growth drivers fuelling PVC consumption in developing countries. With urbanization rate in China still below 50%, the domestic construction sector is a major demand repository for PVC in Asia. The PVC market is witnessing growing demand for recycled PVC across key end-use industries. Environmental concerns, stringent regulations, and increasing awareness regarding ecological and cost benefits of using recycled materials are driving demand for recycled plastics, including recycled PVC. However, surge in demand for recycled PVC is expected to impact the market for virgin PVC over the coming years.
As stated by the new market research report on Polyvinyl Chloride, Asia-Pacific represents the largest market worldwide. Surging GDP rates, expanding population base, rapid rate of urbanization, rising disposable income levels, and fast paced industrialization in major countries, such as China and India, represent key growth drivers in the region. China has emerged as the single largest market for PVC, spurred mainly by the growth in industrialization, urbanization, and manufacturing. Other developing countries in the region, including India and South Korea, will also continue to make strong progress in infrastructure and packaging sectors, creating a favorable demand scenario for PVC. Asia-Pacific is also projected to witness the largest PVC capacity increases in the coming years.
Despite the opportunities for growth, the rapidly growing popularity of the green building concept is expected to challenge consumption patterns in the market by catalyzing the shift towards green building materials at the expense of polymers, such as PVC. This slow but steady transformation towards green building materials is expected to hinder growth prospects in the PVC market. In the packaging end-use sector, PVC is facing increasing threat from polypropylene. Polyesters, such as PET, are increasingly replacing PVC in beverage containers and in several pharmaceutical applications.
Key players covered in the report include APEX Petrochemical Company Ltd., Arkema, Axiall Corp., Braskem S.A., Chemplast Sanmar Limited, Chemson Polymer - Additive AG, China General Plastics Corp., Ercros SA, Finolex Industries Limited (FIL), Formosa Plastics Corporation, Formosa Plastics Corporation, Hanwha Chemical Corp., INEOS Group AG, INEOS ChlorVinyls, Kaneka Corporation, LG Chem, Mexichem S.A.B de C. V., Mitsubishi Chemical Corporation, Occidental Chemical Corporation (Oxycchem), PolyOne Corporation, Sekisui Chemical Co. Ltd., Shin-Etsu Chemical Co. Ltd., Shintech Inc., Sidiac, Solvay, SolVin, Taiyo Vinyl Corp., Thai Plastic and Chemical Public Co. Ltd., Vestolit GmbH & Co. KG, and Vinnolit GmbH & Co. KG, among others.
The research report titled “Polyvinyl Chloride (PVC): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, mergers, acquisitions and other strategic industry activities of major companies worldwide. Global market estimates and projections are provided in terms of Metric Tons for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Argentina, Brazil, Colombia, Mexico and Rest of Latin America), and Rest of World. End-use applications analyzed in the report include Construction, Packaging, Consumer Goods, Wire & Cable Coatings, and Others.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Polyvinyl_Chloride_PVC_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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