Global PVC market analysis and forecast to 2020
Polyvinyl chloride (PVC) is the third-most widely produced polymer, after polyethylene and polypropylene. It is one the most widely-used plastics and is produced by polymerisation of the monomer vinyl chloride. PVC has an amorphous structure with polar chlorine atoms and has fire retardant properties and oil/chemical resistance. It is widely used in construction, packaging, automotive and electrical industries due to properties such as; light weight, good mechanical strength, abrasion resistance and toughness. PVC can be bifurcated into two basic forms: rigid and flexible. The rigid form of PVC can be used in manufacturing of pipes, doors, windows, plastic bottles and so on. The flexible form of PVC can be used in plumbing, electrical cable insulation, imitation leather and so on.
On the basis of product type, the PVC market is classified as wire and cable, pipes and fittings, bottles and others. Based on the application, it is divided into two segments: rigid polyvinyl chloride and flexible polyvinyl chloride. The PVC market is also segmented on the basis of end-users: automotive, electrical, construction, packaging and others.
Asia Pacific is the largest market for PVC, accounting for more than 50%. The Asia Pacific region is expected to show a good growth rate over the forecast period due to the high growth potential of the building and construction industry. China represents the largest market for PVC in the Asia Pacific region.
Europe is the second largest market for PVC, followed by North America.
The market is expected to witness a double-digit growth rate in the coming years. Some of the major drivers include; high growth in the building and construction sector, high growth in the automobile industry and growing medical devices. Some of the major restraints for PVC market include; increasing competition from steel and concrete pipes and the prohibited use of PVC in the construction of green buildings.
Some of the major companies operating in the PVC market include; Occidental Petroleum Corporation, Solvay S.A., Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Ineos Chlorvinyls Ltd, Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B., KEM one and Axiall Corporation.
Featured articles and news
Brandenburg Gate - an historic structure that went from symbolising German partition to European unity.
A discussion between construction key players and leading insurers on the future outlook for construction insurance.
New guide from BSRIA on building performance evaluation in domestic buildings.
Rogers Stirk Harbour and Partners complete new trio of towers at Sydney Harbour.
With a new government consultation underway, ICE look at creating a smarter, more flexible energy system.
International Ethics Standards Coalition publishes first set of ethics principles for built environment professionals.
British Antarctic Survey announces research station is to relocate 23km due to growing crack in the ice shelf.
A great example of mimetic architecture with the Fish Building of India.
Could e-bikes be a solution to congested and polluted urban centres?
Government publishes details of £500bn investment pipeline in infrastructure, described as the 'most comprehensive ever'.
Top of new skyscraper trimmed down by 30m to avoid interfering with City Airport flights.