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Global Polyvinyl Chloride Industry Report: Country Overview; Value Chain Analysis; Production Process; Trade Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Polyvinyl Chloride Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices


The global Polyvinyl Chloride market reached a value of about USD 38.44 billion in 2021. The industry is projected to grow at a CAGR of around 6.5% in the forecast period of 2022-2027 to reach a value of about USD 56 billion by 2027.

The global Polyvinyl Chloride industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rapid development in the infrastructure sector is driving the market's growth.  In the industry report, the key demand indicator is the highest category spender by region—Asia.

Industry Definition and Segmentation

PVC or polyvinyl chloride is a thermoplastic made of chlorine (produced from common salt) and carbon (derived from ethylene from hydro-carbon feedstocks, sugar crops, crude oil and natural gas). It is a natural resource that preserves plastic because, unlike many other polymers, it is less reliant on oil or natural gas. It is available in rigid and flexible versions. It is made of cotton or linen and is used to create a canvas. The Polyvinyl Chloride industry report comprises segments by applications (Pipes & Fittings, Film & Sheet, Profiles, Wire and Cable, Bottles and Flooring and coatings) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

The Asia Region is Driving the Growth of the Industry

Asia holds the largest share in the industry as China is one of the leading regions in electronics production. Furthermore, the growing medical device market in the region also contributes to the market's growth. Also, the rise in the use of PVC in several countries, including India, and Indonesia, among others owing to the development of industries such as automotive, manufacturing etc., is furthering the industry's expansion.

The market is being driven by the extensive application of the product in the construction and healthcare industry. The product is used to manufacture many products like cables, bottles, fittings, hoses etc., propelling the industry's expansion. The product has a wide range of properties like durability against weathering and rotting, making it a popular choice in manufacturing pipes, windows, etc., furthering the market's growth. PVC flooring also provides various benefits such as aesthetic effects, easy installation, recyclability etc. Furthermore, it is also employed in roofing, thus resulting in increased demand.

However, the adverse effect on the environment in disposing of PVC is likely to act as a market restraint.

Best Procurement Practices

The global Polyvinyl Chloride industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Polyvinyl Chloride regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Salt and oil are two of the most important essential ingredients for PVC production. Chlorine is produced by electrolysis of saltwater, and it is mixed with ethylene (obtained from oil) to generate vinyl chloride monomer (VCM). VCM molecules are polymerized to yield PVC resin, combined with suitable additives to create a specific PVC compound. There are five steps in the manufacturing process; Salt and hydro-carbon resources extraction, ethylene and chlorine generation from these materials, Making vinyl chloride monomer (VCM) by combining chlorine and ethylene; Polymerizing VCM to generate poly-vinyl-chloride (PVC) and Combining PVC polymer with other materials to create a variety of compositions with a variety of physical qualities.

Demand from the Automotive Sector, Further Augmenting the Procurement of Polyvinyl Chloride

The growing use of the product in electric vehicles boosts the market's potential. With the increasing emphasis on minimizing harmful emissions and bettering fuel economy paired with the need to reduce the vehicle's weight, the demand for PVC is accelerating, bolstering the industry's growth.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Polyvinyl Chloride Industry Report

  • Shin-Etsu Chemical Co., Ltd.
  • Westlake Chemical Corporation
  • Formosa Plastics Corp.
  • Occidental Chemical Corp.
  • INOVYN

Market Landscape

The market is highly fragmented, with few major players that focus on enhancing the production of the material for a wide range of industries. The players are also keen on expanding their clientele, focusing on product differentiation.

Key Initiatives by Companies

  • Shintech announced a USD 1.25 billion capital investment in January 2021 to strengthen its integrated PVC company, Shin-Etsu Chemical Co. Ltd, which would increase the production capacity of Shintech Inc., its US subsidiary. Shintech plans to expand its PVC production capacity to 3.62 million metric tonnes per year.
  • Orbia intended to sell its PVC Unit in January 2021 because to demand restrictions. However, the final decision on the divestiture has not been made public.

1.    Executive Summary
2.    PVC Industry Snapshot

    2.1.    PVC Market Outlook
    2.2.    PVC Industry Analysis by Application
        2.2.1.    Pipes & Fittings
        2.2.2.    Film & Sheet
        2.2.3.    Profiles
        2.2.4.    Wire and Cable
        2.2.5.    Bottles
        2.2.6.    Flooring and coatings
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Europe
        2.3.3.    Asia Pacific 
        2.3.4.    Latin America
        2.3.5.    Middle East & Africa
3.    Impact of Recent Events
4.    PVC Value Chain Analysis
5.    PVC Production Process
6.    Trade Analysis
7.    Major Risk Factors in Sourcing
8.    PVC Cost Structure
9.    PVC Price Analysis
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    PVC Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Industry Best Practices
    13.1.    Sourcing Strategy
    13.2.    Procurement Model
    13.3.    Contract Structure
    13.4.    Negotiation Levers
    13.5.    Pricing Model
    13.6.    Key Factors Influencing the Quotation 
14.    Key Supplier Analysis
    14.1.    Shin-Etsu Chemical Co.,Ltd.
    14.2.    Westlake Chemical Corporation
    14.3.    Formosa Plastics Corp.
    14.4.    Occidental Chemical Corp
    14.5.    Inovyn ChlorVinyls Limited

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Key Questions Answered in the Report

The global Polyvinyl Chloride market size was valued at USD 38.44 billion in 2021.

As per the application provided, the Pipes&Fittings segment is anticipated to lead the market between the period 2022 – and 2027.

The significant demand for the product in the manufacturing of various products is one of the essential drivers of the Polyvinyl Chloride market growth.

Shin-Etsu Chemical Co., Ltd., Westlake Chemical Corporation, Formosa Plastics Corp., Occidental Chemical Corp., and INOVYN are some of the leading companies in the market.

The Asia region of the Polyvinyl Chloride industry holds a significant share in the market.

Analyst Review

The global Polyvinyl Chloride market attained a value of USD 38.44 billion in 2021, driven by the extensive application of the product in the construction and healthcare industry. The product is used to manufacture many products like cables, bottles, fittings, hoses etc., propelling the industry's expansion. Aided by the growing use of the product in electric vehicles, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.5%. The market is projected to reach USD 56 billion by 2027. Some of the leading players in the industry are Shin-Etsu Chemical Co., Ltd., Westlake Chemical Corporation, Formosa Plastics Corp., Occidental Chemical Corp., and INOVYN.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.

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