Target Audience of Polyvinyl Chloride (PVC) Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Polyvinyl Chloride (PVC) Market Report provides key statistics on the market status of the Polyvinyl Chloride (PVC) Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
Europe PVC market is expected to witness a CAGR of 3.06%during the forecast period, 2018 to 2023. PVC is available in two forms, viz. flexible and rigid. Flexible PVC has various applications, such as electrical cable insulation, plumbing, inflatable products, medical devices, and signage. Rigid PVC is extensively used in profile applications in windows & doors and construction (in the form of pipes). Additionally, rigid PVC is used to manufacture bottles, cards (membership cards, identity cards, bank cards, etc.) and non-food packaging. In 2017, Germany held a major share of almost 20% in the Europe PVC market owing to the high demand from building & construction industry.
Recovering Construction Industry in Europe
Possessing characteristics of strength, durability, easy-to-use and being lightweight, PVC is used in window, pipes, and floorings, among other applications in the construction industry. PVC flooring has advantages, such as durability, freedom of aesthetic effects, and ease in installation, cleaning, and recycling. PVC pipes are widely used for pipeline systems for water, waste, and drainage, since these pipes suffer no build-up, scaling, corrosion or pitting and they provide smooth surfaces, which reduces energy requirements for pumping. PVC floorings have similar advantages. Hence, the usage of PVC is high in the region.
Pipes and Fittings Market to Dominate the Market
PVC piping is the most widely used plastic piping material; approximately half of the world’s annually manufactured PVC resin is used to manufacture pipes for a range of industrial applications. PVC piping systems are environmentally sound, easy to install, corrosion-resistant and cost-effective. PVC pipes are available for both solid wall and cellular core construction. PVC pipes are used for drain-waste-vent (DWV), sewers, water mains, water service lines, irrigation and various other industrial installations. Furthermore, PVC pipes can be used either underground or above ground in buildings. Rising constructional activities coupled with renovation of houses in various European nations is boosting the demand for pipes and fittings in the region.
Germany to Lead the Market
Germany is the largest economy in Europe and the fifth-largest globally. The automotive industry is the largest sector in Germany, accounting for 20% of the total industrial revenue. The public consumption rate has increased by 0.5%, which is expected to drive the growth of the automotive, construction, and electrical & electronics sectors, along with accelerating the PVC market growth. Globally, Germany is well-known for its outstanding automotive industry and excellence in engineering. The country is the leading market in Europe. The growing automotive industry is expected to drive the PVC market in the future. Furthermore the demand for PVC in UK is expected to expand at a fastest CAGR during the forecast period.
Major Players: ERGIS Group, Tekni-Plex, Vulcaflex SpA, Klöckner Pentaplast, Alfatherm SpA, DowDupontetc., among others.
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Major companies covered in this Report:
- BASF SE
- Covestro AG
- Ercros S.A.
- Huntsman Corp.
- Industrie Generali S.P.A.
- Inovyn Chlorvinyls Limited. (INEOS)
- KEM ONE
- Mexichem S.A.B. DE C.V.
- Oltchim SA
- Orlen Group
- Petkim Petrokimya Holding A.S
- Shin-Etsu Chemical CO.
- Wanhua Industrial Group CO. LTD.
- Westlake Chemical Company
Reasons to Purchase the ReportAnalyzing various perspectives of the market with the help of Porter’s five forces analysisThe segment that is expected to dominate the marketCountries that are expected to witness fastest growth during the forecast periodIdentifying the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in Excel)
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This Polyvinyl Chloride (PVC) market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Polyvinyl Chloride (PVC) market.