APAC Polyvinyl Chloride (PVC) Market 2022-2026: China to Dominate Market Growth

The polyvinyl chloride (PVC) market share in APAC is expected to grow by USD 11.62 billion, accelerating at a CAGR of 5.46% during the forecast period. Technavio's research report offers an in-depth analysis of the market with respect to different geographical segments. It also provides a detailed analysis of all the trends, drivers, and challenges that will impact the market during the coming years. The report also offers a breakdown of all the regional players and their market share along with their product portfolios. Unlock Free Sample Analysis Report

Polyvinyl Chloride (PVC) Market In APAC: Market Highlights

• The polyvinyl chloride (PVC) market in APAC is segmented by application (pipes and fittings, films and sheets, wires and cables, and others) and geography (China, India, Japan, South Korea (Republic of Korea), and Rest of APAC).
• The market growth in APAC by the pipes and fittings segment will be significant during the forecast period. PVC resin is used to make pipes for municipal and industrial uses, accounting for over half of all PVC resin produced each year.
• The considerable increase in the middle-class population's per-capita income will facilitate the polyvinyl chloride (PVC) market growth in China over the forecast period.
• 37% of the market's growth will originate from China during the forecast period.
• Increasing demand from the construction industry will be a significant factor in driving the growth of the polyvinyl chloride (PVC) market in APAC. In addition, the high corrosion resistance is the major polyvinyl chloride (PVC) market trend in APAC which will positively influence the market growth. However, the recycling issue may impede market growth.
• The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the polyvinyl chloride (PVC) market size in APAC.

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 5.46%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 11.62 billion.
    
3. What is a key factor driving this market?
   Increasing demand from the construction industry will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   China, India, Japan, South Korea (Republic of Korea), and Rest of APAC are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   37% growth will originate from China.
    
6. Who are the leading market vendors?
   The leading vendors in this market are BASF SE, China National Chemical Corp. Ltd., Covestro AG, Formosa Plastics Corp., INEOS Group Holdings SA, LG Chem Ltd., Reliance Industries Ltd., Shin Etsu Chemical Co. Ltd., The Lubrizol Corp., and The Sanmar Group.
    
7. What are the market segments covered in this report?
   The market is segmented by Application (pipes and fittings, films and sheets, wires and cables, and others) and Geography (China, India, Japan, South Korea (Republic of Korea), and Rest of APAC).