Polyvinyl Chloride Market Overview:
The Global Polyvinyl Chloride Market is predicted to touch USD 72.0 Billion at a 4.5% CAGR over the forecast period (2019-2025), states the latest Market Research Future (MRFR) report. Polyvinyl chloride or PVC is basically a synthetic resin that is created from vinyl chloride polymerization. It is highly preferred over traditional materials, which include wood, copper, or iron in several profile applications owing to multiple benefits, alluring features, and operational efficiencies. PVC can be made soft and flexible with the addition of phthalates and plasticizers. In the soft and flexible form, it is used in inflatable products, plumbing, electrical cable insulation, and some applications that can replace rubber.
PVC has an extensive range of applications including plasticizers, healthcare, clothing, furniture, construction, and others. Today it exists in a plethora of consumer products which includes packaging, cling films, credit cards, bottles, and others. It is also used in several construction materials such as wallpaper, flooring, cables, pipes, window frames, to name a few. Due to its water resistance, durability, and affordability, PVC is ideal for shower curtains, boots, and raincoats.
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Polyvinyl Chloride Industry News:
August 2019: Baton Rouge plastics is all set to expand its polyvinyl chloride resin production.
In May 2019, Texas-based MCM Plastics announced is a plan of investing USD 2.7 Mn for the expansion of its production facility for plastics in Holden, Louisiana. The facility screens, dries, and pulverizes polyvinyl chloride (PVC) resin for manufacturing PVC-based products such as pipes.
In May 2019, a developer and distributer of extrusion and converting technology, Davis-Standard (Suzhou) Plastics Packaging Machinery, has expanded its manufacturing capabilities with the inauguration of a new 35,000 square-foot facility. The location also houses a research and development facility for testing a range of flexible as well as rigid products including flexible polyvinyl chloride tubing for fluid and intravenous delivery.
Polyvinyl Chloride Market Key Players:
Leading players profiled in the polyvinyl chloride market report include I. du Pont de Nemours and Company (US), Xinjiang Zhongtai Chemical Co., Ltd. (China), Vinnolit GmbH & Co. KG (Germany), Kem One SAS (France), Mexichem, S.A.B. de C.V. (Mexico), Axiall Corporation (US), Occidental Petroleum Corporation (US), Ineos Group Limited (UK), Shin-Etsu Chemical Co., Ltd. (Japan), and Formosa Plastics Corporation (Taiwan). Key players are incorporating several strategies to strengthen their position in the market, such as product launches and innovations, expansions, research and development,
Polyvinyl Chloride Market Regional Analysis:
The five major regions assessed for the geographical study of the global polyvinyl chloride market are Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa (MEA). Asia Pacific is expected to hold its forefront position in the global marketplace through the projection period. The growth of the polyvinyl chloride market in the region is primarily driven by rapid industrialization and urbanization. The growing investments in the construction sector are anticipated to boost the growth pace of the regional market. Also, an upswing in demand for automobiles is being observed in the region which is likely to favor the proliferation of polyvinyl chloride market over the next couple of years.
Led by the U.S., polyvinyl chloride market in North America has been forecasted to grow substantially during the forecast period. The regional market is presumed to exhibit increased consumption on account of the efforts directed towards the revamp of the construction sector.
Polyvinyl Chloride Market Table Of Contents to be Continue…...,
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