PVC market for construction
PVC (Polyvinyl Chloride) is one the most widely used plastics. It is produced by polymerisation of the monomer vinyl chloride and is lightweight, has good mechanical strength, abrasion resistance, and toughness. It is used in construction, packaging, and the automotive and electrical industries.
The global PVC market has accelerated as a result of significant growth in the building and construction segments in the Asia Pacific and Latin America, as well as huge growth in the automotive industry, emerging demand of plastic film and sheets, and rising demand from the packaging industry. However, the growth in 'green' buildings is expected to have an adverse impact on the market.
The global PVC market was valued at USD 57.06 billion in 2015 and is expected to reach USD 78.90 billion in 2021, growing at a CAGR of 5.6%. In terms of volume, the global PVC market stood at 43,662.0 kilotons in 2015.
Pipes and fittings, wires and cables, film and sheets, bottles and others are the major application categories of PVC. Pipes and fittings was the leading segment of the market and is expected to maintain its dominance throughout the forecast period. Based on type, PVC market is categorised as; rigid polyvinyl chloride and flexible polyvinyl chloride.
The PVC market is segmented by end users as; automotive, electrical and electronics, construction, packaging, and others. The construction segment held the largest market share in 2015. Growth in the automotive sector is expected to drive the demand for PVC in that segment.
Asia-Pacific was the largest market for PVC due to the rapidly growing building and construction industry, accounting for more than 52% of the market in 2015. Europe is the second largest market for PVC, followed by North America. The Middle East and Africa is expected to witness significant growth in the forecast period due to investments in infrastructure in GCC countries. Latin America is expected to show noticeable growth rate during the forecast period.
The key players in the global PVC market include; Occidental Petroleum Corporation, Shin-Etsu Chemical Co. Ltd, Xinjiang Zhongtai Chemical Co. Ltd., Formosa Plastics Group, INEOS , Solvay S.A., Mexichem S.A.B., Kem One , Vinnolit GmbH & Co. KG and AXIALL Corporation amongst others.
Find out more
Related articles on Designing Buildings Wiki.
- Architectural fabrics.
- Deleterious materials.
- ETFE.
- Fabric structures.
- Frei Otto.
- Global PVC market analysis and forecast to 2020.
- Millennium Dome.
- Packaging.
- Plastic cladding.
- Polycarbonate plastic.
- The development of structural membranes.
- The history of fabric structures.
- The structural behaviour of architectural fabric structures.
- The thermal behaviour of spaces enclosed by fabric membranes.
- Weatherboarding.
Featured articles and news
70+ experts appointed to public sector fire safety framework
The Fire Safety (FS2) Framework from LHC Procurement.
Project and programme management codes of practice
CIOB publications for built environment professionals.
Sustainable development concepts decade by decade.
The regenerative structural engineer
A call for design that will repair the natural world.
Buildings that mimic the restorative aspects found in nature.
CIAT publishes Principal Designer Competency Framework
For those considering applying for registration as a PD.
BSRIA Building Reg's guidance: The second staircase
An overview focusing on aspects which most affect the building services industry.
Design codes and pattern books
Harmonious proportions and golden sections.
Introducing or next Guest Editor Arun Baybars
Practising architect and design panel review member.
Quick summary by size, shape, test, material, use or bonding.
Types of rapidly renewable content
From forestry to agricultural crops and their by-products.
Terraced houses and the public realm
The discernible difference between the public realm of detached housing and of terraced housing.
Looking back at the influence of climate events
From a designer and writer: 'There are limits to growth but no limits to development'.
Terms, histories, theories and practice.
Biophilic design and natural light
Letting in the light and natural elements into spaces.