October 07, 2022 18:33 ET | Source: Facts & Factors Facts & Factors
NEW YORK, United States, Oct. 07, 2022 (GLOBE NEWSWIRE) -- According toFacts and Factors has published a new research report titled “Polyvinyl Chloride Market Size, Share, Growth Analysis Report By Application (Pipes & Fittings, Profiles, Films & Sheets, Cables, Pastes, and Others), By Type (Rigid, Flexible, and Others), By End-use Industry (Construction, Electrical Cables, Packaging, Transportation, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
The report analyzes the global polyvinyl chloride market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the polyvinyl chloride market.
Polyvinyl chloride has great automated features and rigidity, which enhance along with molecular encumbrance and constant reduction with increasing temperature. PVC decomposes at high temperatures since its heat strength is bad. However, it has improved insulation but owing to its high polarity, its electrical insulation property is less necessary to non-polymers.
The polyvinyl chloride (PVC) demand in construction is expected to remain strong due to its resistance to chemical corrosion, cost-effectiveness, and durability. The rising use of unplasticized polyvinyl chloride as an alternative for painted wood in sills and window frames will boost global polyvinyl chloride market demand over the forecast period.
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PVC is lightweight, strong, durable to weathering, chemical corrosion, rotting, and abrasion, easy to use, and versatile, as it can be shaped, welded, cut, and joined in any form. These features make it ideal for several applications, such as windows, flooring, pipes, and roofing. PVC flooring has some advantages, such as freedom of aesthetic effects, durability, ease in cleaning, installation, and recyclability. Therefore, PVC flooring has been employed over the years. Furthermore, PVC is also used in roofing in the construction and building industry. It is employed for its low-maintenance and long-lasting nature requirements. The rising infrastructure construction activities are the key driver in the Middle East, Asia-Pacific, and North America.
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Polyvinyl Chloride Market: Segmentation Analysis
The global polyvinyl chloride market is segmented based on type, application, end-use industry, and region.
Based on type, the global market segments are rigid, flexible, and others. The rigid segment is likely to hold a significant market share. Rigid PVC is a stiff, strong, low-cost PVC that is easy to bond and fabricate using solvents or adhesives. It is a common type of PVC used in the manufacturing of fittings, valves, pipes, sheets, ducts, and machining shapes. Rigid polyvinyl chloride offers benefits for piping owing to its high strength-to-weight ratio and low cost.
Based on application, the global market segments are pipes & fittings, profiles, films & sheets, cables, pastes, and others. Pipes & Fittings held the largest share of the revenue. It is likely to maintain its lead during the forecast period. The demand for PVC fittings and pipes is substantially high owing to their endurance and durability in rough conditions.
Based on end-use industry, the global market segments are construction, electrical cables, packaging, transportation, and others. Construction held the largest share of the revenue. This trend is likely to continue in the coming years as well. The construction segment is projected to expand at a steady pace. PVC is employed in diverse end-use sectors, due to its suitable chemical, physical, and mechanical characteristics. PVC is a common material utilized in the construction industry, due to its ease of processing, low production cost, and lightweight.
The global Polyvinyl Chloride market is segmented as follows:
The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards. Some of the main competitors dominating the global Polyvinyl Chloride market include -
Browse the full “Polyvinyl Chloride Market Size, Share, Growth Analysis Report By Application (Pipes & Fittings, Profiles, Films & Sheets, Cables, Pastes, and Others), By Type (Rigid, Flexible, and Others), By End-use Industry (Construction, Electrical Cables, Packaging, Transportation, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/polyvinyl-chloride-market
Key Insights from Primary Research:
Asia Pacific is likely to dominate the global polyvinyl chloride market during the coming years. It is generating huge growth from Southeast Asian nations owing to growing trade activities, high investment in manufacturing, and a weak currency. Countries such as Vietnam and Indonesia have become a hub for food production in Southeast Asia and require the establishment of facilities for manufacturing. The facilities will consume a substantial amount of PVC items and hence creates a great opportunity for manufacturers of resin in the region.
Moreover, Middle East & Africa is likely to be the fastest-growing market owing to rising demand for construction activities in nations such as UAE, Saudi Arabia, and Qatar. Economic growth in Africa has led to the growth of the consumer market, which in turn is likely to fuel the growth of the market. Rising disposable incomes in nations such as Mexico and Brazil are also likely to drive the growth of electrical & electronics and consumer industries, which in turn is estimated to augment the industry’s growth over the coming years.
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