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 of halogen-free fire-retardant formulations. Traditional fire retardants, which contain halogens like bromine and chlorine, have raised concerns due to the toxic byproducts released during combustion. These byproducts pose environmental and health risks. To mitigate these issues, the industry is shifting towards halogen-free alternatives. Halogen-free PVC formulations aim to produce non-toxic combustion byproducts and minimize smoke emissions during a fire. This is crucial in applications where human safety is paramount, such as building materials and transportation. Innovative additives, including phosphorus-based compounds and mineral fillers, are being explored as viable alternatives to traditional halogen-containing flame retardants. These additives enhance the fire resistance of PVC without relying on halogens, ensuring safety without compromising on environmental and health concerns. 

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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 create these products. Recycling, sustainability, innovation, and product development drive market demand. Regulatory compliance, environmental regulations, and safety standards ensure the industry's responsible growth. Applications span across diverse sectors, showcasing PVC's exceptional 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 sector excludes chemical manufacturers producing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, the market's size is determined by the consolidated revenue generated by the manufacturers of industrial and basic chemicals. The commodity chemicals market is expected to experience significant growth due to the increasing demand for plastic packaging. Plastics are the most widely used material in the packaging industry worldwide, with a growing preference for lightweight, corrosion-resistant materials driving continuous innovation and influencing the application 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
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