Latest News- Polyvinyl Chloride (PVC) Market: Ethylene dichloride is expected to lead the Raw Material segment during 2025-2029

The Polyvinyl Chloride (PVC) Market is being driven by Growing use of PVC in electrical and electronics applications

The Polyvinyl Chloride (PVC) Market is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 57.4 billion. In the realm of Polyvinyl Chloride (PVC) market, there is a growing emphasis on the development and adoption of halogen-free fire retardant formulations. Traditional fire retardants, which contain halogens such as bromine and chlorine, raise environmental and health concerns due to the toxic byproducts released during combustion. To mitigate these issues, the industry is shifting towards non-halogenated alternatives. Halogen-free PVC formulations aim to generate non-toxic combustion byproducts and minimize smoke emissions during a fire, ensuring enhanced safety in applications where human life is at stake, including building materials and transportation. Innovative additives, such as phosphorus-based compounds and mineral fillers, are being explored as viable alternatives to halogen-containing flame retardants. These additives not only contribute to the fire resistance of PVC but also eliminate the reliance on halogens. Ongoing research and advancements in this area are expected to further enhance the safety and sustainability of PVC applications. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Raw Material
  • Ethylene dichloride
  • Acetylene
• Application
  • Pipes and fittings
  • Films and sheets
  • Wires and cables
  • Others
• Product Type
  • Rigid PVC (PVC-U)
  • Flexible PVC (PVC-P)
  • Low-smoke PVC
  • Chlorinated PVC (CPVC)
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing use of PVC in electrical and electronics applications
• Technological advancements in PVC formulations
• Rising global recycling initiatives

However, the market also witnesses some limitations, which are as follows:

• Hazardous manufacturing process of PVC
• High cost of production of PVC
• Competition from other plastics

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Market Scope in Polyvinyl Chloride (PVC) Market Research Report

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Research Analysis Overview

The Polyvinyl Chloride (PVC) market encompasses various applications including vinyl flooring, siding, windows, pipes, roofing, membranes, films, sheets, profiles, compounds, resins, plasticizers, stabilizers, and additives. Manufacturing processes such as extrusion, calendering, injection molding, and blow molding are used to produce these products. Recycling and sustainability are key aspects of the PVC industry, with a focus on innovation, product development, and market demand. Regulatory compliance, environmental regulations, and safety standards are essential considerations in the PVC supply chain. Applications of PVC offer superior performance, durability, cost-effectiveness, and versatility.

Market Research Overview

The global commodity chemicals market encompasses businesses specializing in the production of industrial and fundamental chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably, this market excludes chemical companies that manufacture diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, the growth of the global commodity chemicals market is primarily driven by the expanding demand for plastic packaging. As plastic is the preferred material in the packaging sector worldwide, the increasing need for lightweight, corrosion-resistant materials has fueled continuous innovation in the industry, resulting in the increased utilization of chemicals in the production of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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