Global Polyvinyl chloride market
Global Polyvinyl chloride market was value US$ 56.4 Bn in 2017, and expected to reach US$ 91.12 Bn by 2026, at CAGR of 6.2 % during forecast period.
Global Polyvinyl Chloride Market, By Product TypePolyvinyl chloride (PVC) is one of the world’s largest produced synthetic plastic polymer. Polyvinyl chloride is preferred in the place of conventional materials such as copper, iron, or wood in several applications owing to its operational productivities and profits.
Pure polyvinyl chloride is a brittle solid white in color and slightly soluble in tetrahydrofuran whereas insoluble in alcohol. Polyvinyl chloride comes into two basic product type rigid and flexible. It can be made flexible and soft by adding plasticizers and phthalates. In flexible form, polyvinyl chloride is used in electrical cable insulation, plumbing and inflatable products and some applications which can replace rubber. The rigid form of polyvinyl chloride is used in construction for pipe and in profile applications such as doors and windows. It is also used in making bottles, non-food packaging, and cards.
The construction is the largest application segment for polyvinyl chloride. It is widely used in construction applications such as pipes, cables, floor & wall coverings, landfill liners and fencing. Construction activities are likely to grow mainly in emerging countries of Asia Pacific, Latin America and Middle East on account of increasing demand for better infrastructure facilities due to, increasing urbanization and rapid industrialization.
Superior insulation properties have led vinyl chloride polymers to be used widely in electrical wires and cables. Furthermore, it is used in consumer products such as toys, ceiling tiles, and interior cladding. Growing demand in consumer and electrical & electronics applications will drive growth over the next eight years.
Ethylene is raw material required for production of polyvinyl chloride. Fluctuating price of ethylene possesses challenges to supply-demand curve. Companies such as Qatar Petroleum, Royal Dutch Shell and Saudi Polymers Co. are expanding their ethylene production capacities in Middle East to meet growing local demand.
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