TMR Research explains that the global polyvinyl chloride market is expected to witness a steady growth in the coming years as perspective towards energy consumption changes. The research report, titled “Polyvinyl Chloride Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”, showcases the important reasons why the product will be in high demand during the forecast period. Analysts report that the global market for polyvinyl chloride will be driven by the increasing usage of renewable energy and the efficient usage of pumps.
Growing applications of polyvinyl chloride in areas such as construction, healthcare, furniture and clothing, and production plasticizers among others has been boosting the market’s demand in the past few years. Today, polyvinyl chloride also finds usage in a wide range of consumer products such as bottles, cling films, credit cards, and packaging.
The research report points out that the construction sector is likely to key end user of polyvinyl chloride in the coming years. Polyvinyl chloride or PVC is extensively used in housing sectors. Thus, increasing number of housing, commercial, industrial, and infrastructural projects in the developing economies of Asia Pacific is projected to stoke the demand for polyvinyl chloride in the coming years.
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Regionally speaking, Asia Pacific is expected to lead the global polyvinyl chloride market in the coming years. The developing economies of Asia Pacific such as India and China are expected to be the key consumer of PVC due to growing building and construction projects. On the other hand, the demand for PVC in Europe and North America is expected to remain sluggish as the regions are being faced with unstable economies in the past few years.
The leading players operating in the global polyvinyl chloride market are Vinnolit Gmbh & Co. Kg, KEM one, Formosa Plastics Group, Occidental Petroleum Corporation, Mexichem S.A.B., Xinjiang Zhongtai Chemical Co. Ltd., Solvay S.A., Axiall Corporation, Shin-Etsu Chemical Co. Ltd., and Ineos Chlorvinyls Ltd.