Polyvinyl chloride is used in a wide range of applications such as construction, pipes, furniture, electric cables, healthcare, plasticizers, and clothing this is anticipated to fuel the market in coming years.
Sarasota, FL -- (SBWIRE) -- 05/26/2017 -- Zion Market Research, the market research group announced the analysis report titled "Polyvinyl Chloride Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Polyvinyl Chloride Market: Overview
Polyvinyl chloride (PVC) is the widely produced synthetic plastic polymer after polypropylene and polyethylene. Polyvinyl chloride is found in two forms such as flexible and rigid. The rigid PVC is used for the manufacturing of windows, doors, and pipes in the construction industry. In addition, in the production of bottles, cards, and non-food packaging rigid PVCs are used. The card can be made softer by adding plasticizers. It is also used in imitation leather, plumbing, signage, electrical cable insulation, inflatable products, phonograph records, and other applications where it replaces rubber. It is brittle solid white in color and slightly soluble in tetrahydrofuran but insoluble in alcohol.
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Global Polyvinyl Chloride Market: Growth Factors
Polyvinyl chloride is used in a wide range of applications such as construction, pipes, furniture, electric cables, healthcare, plasticizers, and clothing this is anticipated to fuel the market in coming years. In the construction industry, it is used in the manufacturing of cables, window frames, wallpaper, pipes, flooring, and cables. In consumer product applications, it is used in cling films, credit cards, bottles, packaging, and others. Accelerating use of the acetylene in order to produce PVC will give rise to the market growth in future. Polyvinyl chloride is heavily preferred in the market over traditional materials such as copper, iron, and wood owing to its excellent properties and operational efficiencies. It holds excellent mechanical and hardness properties, which increases with the molecular weight and decreases with the rising temperature. It has good insulation properties owing to its high polar nature but it is less significant to non-polymers such as polyethylene and polypropylene.
Global Polyvinyl Chloride Market: Segmentation
The global polyvinyl chloride market is categorized based on the end-user industries, product type, and applications. Based on end-user industries, the market is categorized into packaging, building & construction, medical, automotive, footwear, electrical & electronics, and others. The product type of the polyvinyl chloride market is segregated into bottles, pipes & fittings, wires & cables, films & sheets, profiles, hose & tubing, and others. Based on the application segment the market is segregated into flexible PVC and rigid PVC.
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Global Polyvinyl Chloride Market: Regional Analysis
Europe is witnessing a moderate growth owing to the economic crisis, slow monetary recovery, and miserable business. Asia Pacific is expected to be the fastest growing region for polyvinyl chloride, as China holds the huge manufacturing facilities. North America is trying to emerge from collapsed construction industry, which shows a dormant demand for polyvinyl chloride. The nations such as the UK, Italy, and Germany are facing sluggish growth in construction industry which may lead to inert demand for polyvinyl chloride in Europe.
Global Polyvinyl Chloride Market: Competitive Players
Major prominent market players in the global polyvinyl chloride market include Westlake Chemical Corporation, Inovyn, Axiall Corporation, Shin-Etsu Chemicals Limited, BASF SE, Occidental Corporation, and Formosa Plastics Group.
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Global Polyvinyl Chloride Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa