💡 An Ultimate Guide: Polyvinyl Chloride (PVC) Resin Market | IndustryARC™

The Polyvinyl Chloride (PVC) Resin Market is projected to reach $98,934.4 million by 2030, growing at a CAGR of 4.7% during the forecast period 2024-2030.

Polyvinyl Chloride (PVC) resin is a thermoplastic resin manufactured by polymerization of vinyl chloride monomers. It is extensively used over polypropylene, polyethylene terephthalate and polyethylene owing to its superior impact strength and stiffness. The PVC resin has major utilization in the building and construction sector due to superior features such as strength, preference over metal materials, lightweight, durability and non-toxicity, thereby driving the polyvinyl chloride (PVC) resin market.

Download Free Sample Report of Polyvinyl Chloride (PVC) Resin Market

In addition, the rise in medical and healthcare projects is fueling its demand for a wide range of applicability in blood transfusion sets, emergency burns treatment, bedding covers and others, thereby offering growth in the polyvinyl chloride (PVC) resin industry. The major disruption caused by the COVID-19 outbreak impacted the growth of the Polyvinyl Chloride (PVC) Resin market due to disturbance in manufacturing, closure of construction sites, falling vehicle production, supply chain disruption and other lockdown restrictions. 

Key Takeaways

• North America dominates the Polyvinyl Chloride (PVC) Resin Market, owing to growth factors such as the flourished base for the construction sector, rising healthcare spending and urbanization. They would continue to boost the market in this region.
• The flourishing building & construction sector across the world is propelling the demand for Polyvinyl Chloride (PVC) Resin for various applications such as flooring, pipes & fittings, roofing and others, thereby influencing the growth in the Polyvinyl Chloride (PVC) Resin market size.
• The growing demand for Polyvinyl Chloride (PVC) Resin over polypropylene, polyethylene, polyethylene terephthalate and others for medical applications in blood sets, coverings and others is fueling the growth in the market.
• However, the environmental threats associated with PVC act as a challenging factor in the Polyvinyl Chloride (PVC) Resin industry.

Buy Now Polyvinyl Chloride (PVC) Resin Market Report

Polyvinyl Chloride (PVC) Resin Market Drivers

Rapid Growth of the Automotive Industry :

Polyvinyl Chloride (PVC) Thermoplastic Resins have significant demand in the automotive sector for applications in automotive door panels, seat covering, coatings and others. The automotive industry is rapidly flourishing owing to growth factors such as a rise in passenger vehicle demand, vehicle electrification, growing public transportation and rising income level. For instance, according to the European Automobile Manufacturer Association, South America car production grew by 11% while US car production grew by 3.1% in 2021.

Flourishing Growth of the Electrical & Electronics Industry:

The Polyvinyl Chloride (PVC) Resin is widely used in the electrical and electronics sector for applicability in wires and cables, computers, lighting and others, owing to superior insulation and durability. The lucrative growth in the electronics sector is influenced by growth factors such as robust demand for consumer electronic devices, soaring production base and urbanization.

Budget Limitation? Contact us for Special Discount and Pricing

✅𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀: LG Chem | KEM ONE | CIRES | SCGC - SCG Chemicals | Braskem | Mitsubishi Chemical Group | INEOS | Solvay | Shin-Etsu