Polyvinyl Chloride Market Overview: —
Polyvinyl Chloride is produced by polymerization of vinyl chloride monomer in which additives are added to form a finished product. It is known for excellent resistance to chemical stress cracking, low thermal conductivity and is utilized in a wide variety of applications.
Polyvinyl Chloride is prospering and anticipated to gain prominence over the assessment period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2023).
Polyvinyl Chloride Market is growing at a staggering CAGR; mainly due to the expanding construction industry. According to a recent study report published by the Market Research Future.
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Polyvinyl Chloride Market Key Players:
Polyvinyl Chloride Market are Formosa Plastics Corporation (Taiwan), Shin-Etsu Chemical Co., Ltd. (Japan), Ineos Group Limited (U.K), Occidental Petroleum Corporation (U.S.), Axiall Corporation (U.S.), Mexichem, S.A.B. de C.V. (Mexico), Kem One SAS (France), Vinnolit GmbH & Co. KG (Germany), Xinjiang Zhongtai Chemical Co., Ltd. (China), and E. I. du Pont de Nemours and Company (U.S.) among others.
Polyvinyl Chloride Market Segmentation:
Polyvinyl Chloride Market is categorized on the basis of end use industry, and region. On the basis of end use industry, the polyvinyl chloride market is categorized into construction, automotive, electrical, textiles and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Polyvinyl Chloride Market Regional Analysis:
Polyvinyl Chloride Market is spanned across five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2018 to 2023 on account of expanding construction industry. China will remain the largest consumer and producer in the forecast period.
North America is the second largest producer of PVC in the world; construction being the main driver for the market growth rate. Europe is the third largest producer of PVC worldwide. After the recession period 2008-2016, there is a considerable decline in the market growth rate. However, automobile parts demand is anticipated to grow in the forecast period.
Polyvinyl Chloride Market during the forecast period, 2018 to 2023. As of 2017, the U.S accounted for the largest market share, followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR owing to the investments by government in construction of hospitals and schools provides another key area for the US construction sector in coming years. In Europe, the demand for polyvinyl chloride is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of the increasing expenditure in innovation and growing purchasing power of consumers.
Polyvinyl Chloride Market Competitive Analysis:
Polyvinyl Chloride Market compete based upon pricing, Technology and services. Vendors operating in the Polyvinyl Chloride Market strive to deliver the best quality products based on innovative technologies, and best practices. Polyvinyl Chloride market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. There will be an immense growth opportunity for the manufacturing companies to capture the market.
Polyvinyl Chloride Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Polyvinyl Chloride Market
Polyvinyl Chloride Market Table of Content to be Continue…...,
Complete Table of Content is Available At @ https://www.marketresearchfuture.com/reports/polyvinyl-chloride-market-1043
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Name: Abhishek Sawant
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Organization: Market Research Future
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Release ID: 502100